Get Canada T2057 2008

Filling out the Canada T2057 form can be a straightforward process when you understand its components. This guide will help you navigate through the form, providing clear and supportive instructions to ensure your election is completed accurately.

Follow the steps to fill out the Canada T2057 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name of the taxpayer (transferor) in the designated field, along with their Social Insurance Number or Business Number, and address, including postal code.
3. Indicate the tax year of the taxpayer for the period specified, entering the start and end dates.
4. Fill in details for any co-owners, if applicable, providing the name, address, and their respective tax services office information.
5. Input the name and Business Number of the corporation (transferee), as well as their address and tax year details.
6. Provide contact information for the person who can be reached for additional information, including their telephone number.
7. Respond to the specific questions regarding the properties being transferred, including whether there is a written agreement, any price adjustment clauses, ownership of shares, and whether any properties are capital properties, among others.
8. On the next page, list the properties disposed of and provide their fair market values. Ensure that all related properties are described accurately.
9. Complete the election and certification section by having the transferor and authorized officer from the transferee sign the form and date it.
10. Once all fields are completed, review the form for accuracy. Users can save their changes, download the form for printing, or share it as needed.

Start filling out your Canada T2057 online to ensure a smooth filing process.