  Reserves |
Enter all current or prior year reserves in this group. These reserves will print on schedule 13 in the section related to the reserve type entered in the Reserve keyword.
The following options are applicable for the keyword Reserve.
Capital gain reserve - all jurisdictions Enter capital gains reserves for dispositions of capital property here.
Other deductible reserve - Quebec Other deductible reserves on CO-17.A.1 entered here will be deducted from net income on the CO-17.A.1 schedule.
Other deductible reserve (books) - Quebec Other deductible reserves on the books entered here will not adjust net income on the CO-17.A.1 schedule.
Tax paid, non deductible reserve - Quebec Tax paid non deductible reserves entered here will be added back to net income on the CO-17.A.1 schedule.
Doubtful debts - Fed./Alb
Undelivered goods/services not rendered - Fed./Alb
Prepaid rent - Fed./Alb
Returnable containers - Fed./Alb
Unpaid amounts - Fed./Alb
Insur. corporations' policy reserves - Alberta
Bank reserves - Alberta
Other tax reserves - Fed./Alb
 See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 201 - Reconciliation
Line 213 - Continuity of reserves
Enter the description of the reserve entered in this group in Descript.rsv. This description will print on Schedule 13 and on form CO-17S.11 in the section related to this reserve's type, as entered in the Reserve keyword in this group.
Use Country if the asset disposed of was located outside Canada. This information is required for schedule 7 in order to correctly classify any taxable capital gains net of allowable capital losses as either Canadian or foreign.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 201 - Reconciliation
Line 213 - Continuity of reserves
Enter the amount in the opening balance of the reserve entered in this group at the beginning of this taxation year in At-Open. This amount will appear on schedule 13 in the section related to this reserve's type, as entered in the Reserve keyword in this group. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Reserve-Trnf to enter reserve transferred on amalgamation or wind-up of subsidiary. Use [Alt-J] to enter different values for other jurisdictions.
Use In-Income to enter the amount of this reserve to be taken into income this year on schedule CO-17S.232 (capital gains reserves) or schedule CO-17.A.1 (other reserves). DT Max will automatically bring into income the amount of the reserve which was taken last year unless you override this amount by entering an amount in the In-Income keyword in this group.
This amount will also appear on schedule CO-17S.11 as a deduction from the reserve. Use [Alt-J] to enter different values for other jurisdictions.
Use In-Reserve to enter the amount of this reserve claimed this year. Enter capital gains reserves claimed on prior year disposals in In-Reserve. The amount entered will be claimed on schedule CO-17S.232 (capital gains reserves) or CO-17.A.1 (other reserves).
This amount will also appear on schedule CO-17S.11 as an addition to the reserve. Use [Alt-J] to enter different values for other jurisdictions.
Use In-Reserve.r to enter the amount of this capital gain reserve claimed this year. The amount entered will be claimed on schedule CO-17S.232 (capital gains reserves) or CO-17.A.1 (other reserves).
This amount will also appear on schedule CO-17S.11 as an addition to the reserve.
The following options are applicable for the keyword In-Reserve.r.
Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount which you wish to keep in this reserve account at the end of the current taxation year.
At-YearEnd overrides any amount entered in the In-Income keyword with respect to the amount of reserve added to income this year. DT Max will calculate the amount taken into income based on the amount entered in At-YearEnd. Ensure the amount entered does not exceed the total amount in the At-Open and In-Reserve keywords. Use [Alt-J] to enter different values for other jurisdictions.
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Descript.rsv 