schedule506

Ontario Transitional Tax Debits and Credits

Kind: batch
Program: T2 Corporation Income Tax Return
Supported tax years: 2010 and later
Strict profile: schedule506_v1
Payload schema version: 0.6.0
Dependencies (run automatically): schedule1, schedule507, t661

Example request

Send this body to POST /api/v1/computations/batch. This example works with or without payloadContract.

{
  "compute": [
    "schedule506"
  ],
  "inputs": {
    "taxYear": 2025,
    "fiscalStart": "2025-01-01",
    "fiscalEnd": "2025-12-31",
    "daysInYear": 365,
    "applicableRegulation": "402",
    "reg402_1CentralPaymasterArrangement": false,
    "partnershipOperations": false,
    "outsourcedServiceFeesPaid": false,
    "accounts": [
      {
        "id": "revenue",
        "accountCode": "4000",
        "accountName": "Maple Transition active business revenue",
        "currentYearBalance": -100000,
        "classification": {
          "schedule1Relevant": false,
          "incomeType": "active_business",
          "foreignSource": false
        }
      }
    ],
    "incomeStatementFlags": {
      "revenue": true
    },
    "pyUCCPools": [],
    "assetData": [],
    "dispositions": [],
    "allocations": [
      {
        "jurisdiction": "ON",
        "hasPermanentEstablishment": true,
        "totalSalariesWages": 60000,
        "grossRevenue": 100000,
        "revenueReclass": 0
      }
    ],
    "isCCPC": true,
    "cooperativeCorporation136_2ThroughoutYear": false,
    "isInsuranceCorp": false,
    "specifiedInvestmentBusinessIncome": 0,
    "priorYearGroupTCEC": 250000,
    "priorYearGroupTCECMeta": {
      "basis": "standalone_preceding_tax_year",
      "asOf": "2024-12-31",
      "source": "prior filed T2",
      "confirmed": true
    },
    "associatedGroupAII": 0,
    "schedule506": {
      "survivingBalance": true,
      "specifiedCorporationConfirmed": true,
      "originalElection": {
        "madeByThisCorporation": true,
        "electionTaxationYearEnd": "2009-12-31",
        "line735": "100000.00",
        "evidenceReference": "2009 T2 Schedule 506 line 170 as assessed"
      },
      "relevantOafPercent": "80",
      "relevantOafBasis": "s49_5",
      "relevantOafEvidenceReference": "2009 Schedule 506 Part 11",
      "transfers": [],
      "priorRecaptures": [
        {
          "taxationYearEnd": "2024-12-31",
          "amount": "7000.00",
          "evidenceReference": "Filed 2024 Schedule 506"
        }
      ],
      "priorRecapturesCompleteConfirmed": true,
      "line610": "0",
      "line614": "0",
      "line618": "0",
      "line624": "0",
      "line638": "20000.00",
      "line644": "0",
      "priorUnusedTransitionalCredit": null
    },
    "t2Jacket": {
      "identification": {
        "typeOfCorporation": "1",
        "businessNumber": "123456782RC0001"
      },
      "additionalInfo": {
        "isCreditUnion": false
      }
    }
  }
}

Input cells (28671)

Paths are relative to the request's inputs object. [] marks an array element.

Cells marked always require a non-null value in every request. Cells marked strict are required when you supply this target's payloadContract. See Run computations.

Unknown cells and JSON type mismatches return 400 with the affected cells in the error details.

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Strict profile accepted values (7515 of 28671 cells)

These constraints apply when you supply this target's payloadContract. Cells marked pinned must equal the listed value. A pinned cell that is not required may be left out.

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Output cells (131)

Paths are relative to this target's result object in the response.

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