What is the Schedule 1a – Deferred Income and Receivables page?
If you file to CRA on a cash basis, your Program Year Margin is adjusted so only allowable income relating to the Program Year is considered. Schedule 1a consists of income deferred from one taxation year to another. For example, opening receivable amounts are entered to remove prior year production income reported in the current year income tax. If your current year income is deferred until the next taxation year, this is recorded as an ending receivable.
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- What is the Schedule 1a - Deferred Income and Receivables page?
