schedule55

Part III.1 Tax on Excessive Eligible Dividend Designations

Kind: batch
Program: T2 Corporation Income Tax Return
Supported tax years: 2006 and later
Strict profile: s55_2024_ccpc_excess_eligible_dividend_target_value_v1
Payload schema version: 0.22.0
Dependencies (run automatically): dividend_pool_status, schedule3, schedule53, schedule54

Example request

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

{
  "compute": [
    "schedule55"
  ],
  "inputs": {
    "taxYear": 2025,
    "fiscalStart": "2025-01-01",
    "fiscalEnd": "2025-12-31",
    "daysInYear": 365,
    "accounts": [
      {
        "id": "revenue",
        "accountCode": "4000",
        "accountName": "Cedar Ridge active business revenue",
        "accountType": "revenue",
        "currentYearBalance": -111111.11,
        "userStatus": "default",
        "reviewStatus": "default",
        "classification": {
          "schedule1Relevant": false,
          "incomeType": "active",
          "foreignSource": false
        }
      }
    ],
    "incomeStatementFlags": {
      "revenue": true
    },
    "schedule9": {
      "rows": [
        {
          "name": "Birchline Tools Ltd.",
          "countryOfResidence": "CA",
          "businessNumber": "222222226RC0001",
          "relationshipCode": 3,
          "commonShareCount": 0,
          "commonSharePercent": 0,
          "preferredShareCount": 0,
          "preferredSharePercent": 0,
          "bookValueCapitalStock": 0
        }
      ]
    },
    "schedule23": {
      "calendarYear": 2025,
      "isAmendedAgreement": false,
      "rows": [
        {
          "name": "Cedar Ridge Manufacturing Inc.",
          "businessNumber": "123456782RC0001",
          "associationCode": 1,
          "businessLimitBeforeAllocation": 500000,
          "percentageOfBusinessLimit": 0,
          "businessLimitAllocated": 0
        },
        {
          "name": "Birchline Tools Ltd.",
          "businessNumber": "222222226RC0001",
          "associationCode": 1,
          "businessLimitBeforeAllocation": 500000,
          "percentageOfBusinessLimit": 100,
          "businessLimitAllocated": 500000
        }
      ]
    },
    "associatedGroupAII": 0,
    "priorYearGroupTCEC": 0,
    "specifiedInvestmentBusinessIncome": 0,
    "lifeInsurancePolicyIncome": 0,
    "specifiedCorporateIncomeReviewed": true,
    "supplementalLinesReviewed": true,
    "specifiedPartnershipIncomeApplies": false,
    "pyUCCPools": [],
    "pyLossPools": [],
    "t2Jacket": {
      "identification": {
        "isResidentOfCanada": true,
        "typeOfCorporation": "1",
        "businessNumber": "123456782RC0001"
      },
      "additionalInfo": {
        "isDepositInsuranceCorporation": false,
        "isCreditUnion": false,
        "substantiveCCPCAnytime": false,
        "section89_11ElectionInForceForTaxYear": false
      },
      "applicability": {
        "gripChangeOrEligDiv": true,
        "taxableDividendsPaid": true
      }
    },
    "workpapers": [
      {
        "id": "wp-dividends",
        "templateId": "dividends",
        "adjustmentStatus": "ok",
        "schedule3CoverageReview": {
          "schemaVersion": 1,
          "reviewed": true,
          "partIVLossClaimConclusion": "none_claimed",
          "part4ExclusionConclusion": "none_applicable",
          "reviewedAt": "2026-08-10T00:00:00Z"
        },
        "rows": [
          {
            "payerName": "Cedar Ridge Manufacturing Inc.",
            "direction": "Paid",
            "dividendType": "Eligible",
            "dividendSource": "Canadian taxable",
            "isConnected": "No",
            "isTaxablePreferredShare": false,
            "date": "2025-08-10",
            "amountCY": 100000,
            "designatedInWritingAtPaymentTime": true,
            "designationDate": "2025-08-10",
            "foreignCurrency": "CAD",
            "paragraphCAntiAvoidanceApplies": false,
            "s191_1_2DeemedTps": false
          }
        ]
      }
    ],
    "schedule53": {
      "line100GripOpening": 0,
      "line110TaxableIncome": 111111.11,
      "line130LesserSbdNumerator": 0,
      "line140LesserAiiTaxableIncome": 0,
      "line200EligibleDividendsReceived": 0,
      "line210Section113Dividends": 0,
      "line300EligibleDivsPaidPriorYear": 0,
      "line310ExcessiveEEDPriorYear": 0
    },
    "cooperativeCorporation136_2ThroughoutYear": false,
    "isInsuranceCorp": false,
    "schedule55": {
      "line100TotalTaxableDividendsPaid": 100000,
      "line150TotalEligibleDividendsPaid": 100000,
      "line160GripEndOfYear": 80000
    }
  }
}

Input cells (28770)

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Output cells (141)

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