Getting Started: Corp Assets & Debt

Don't see this section in your plan? Go here to find out how to add it.

Asset and Debt information helps us create a detailed picture of what is held in your corporation(s).

Financial Assets:

Financial assets values should be entered as of the beginning of the year as to not overestimate growth.

Make sure to enter the adjusted cost base for your non-registered account so that capital gains can be calculated correctly.

Real Assets:

Real estate assets can be added by clicking the + "Add New Assets" button.

Each asset must be designated either active or passive income. This determination can affect both your small business deduction and notional account balances.

Debt:

Debts can be added by clicking the + "Add New Debt" button.

Each debt must be designated tax deductible or not and whether that tax deduction is against active or passive income.

Add a Corporation to Your Plan

If you do not see any of the corporate sections under the Discovery or Foundation Phases, you can add a corporation to your plan by going to the Profile Section.

Check the box next to Incorporated Business and select the number of businesses you own.