Get Pdf Fillable T2057

Filling out the Pdf Fillable T2057 form is an essential step for taxpayers electing to disposition property to a taxable Canadian corporation. This guide provides clear, step-by-step instructions to help users complete the form accurately and efficiently.

Follow the steps to successfully fill out the Pdf Fillable T2057 online.

1. Click the ‘Get Form’ button to obtain the Pdf Fillable T2057 and open it in your preferred pdf editor.
2. In the first section, enter the taxpayer's information. This includes the name (individual, corporation, or other holder), Social Insurance Number or Business Number, address, postal code, taxation year, and Tax Services Office.
3. If applicable, enter the co-owner's information in the designated fields. This includes the co-owner's name, Social Insurance Number, address, postal code, and Tax Services Office. If there are multiple co-owners, attach a schedule with the necessary information.
4. In the 'Information required' section, check the appropriate yes/no boxes for each question. If using a pre-filled T2057 form, these boxes may already be checked. Consult a tax advisor if unclear about any responses.
5. Leave the bottom of the 'Information required' section blank as instructed. This includes Name, Business Number, and Paid-up Capital.
6. In the 'Description of shares received' section, complete only the first row of the provided table. Enter the number of shares received, class of shares ('Common shares'), and check the appropriate options for redemption value, paid-up capital, voting status, and share retractability.
7. On the next page, enter the date of sale or transfer at the top of the page with the year, month, and day specified.
8. In the main table labeled 'Capital Property Excluding Depreciable Property', fill in the description, fair market value, adjusted cost base, and the elected amount for the transferable units.
9. Complete the 'Election and Certification' section with the required signature of the transferor and date.
10. After filling out all applicable sections, save your changes, then download, print, or share the completed form as needed.

Complete your T2057 form online today for a smoother filing experience.