This Canada-specific " Federal Amounts Transferred From Your Spouse Or Common-law Partner (large Print) " is a document released by the Canadian Revenue Agency .
Download the fillable PDF by clicking the link below and use it according to the applicable legal guidelines.
Q: What is Form 5005-S2?
A: Form 5005-S2 is a schedule used in Canada for reporting federal amounts transferred from your spouse or common-law partner.
Q: What is the purpose of Schedule 2?
A: The purpose of Schedule 2 is to report any federal amounts that you have transferred from your spouse or common-law partner.
Q: Who needs to fill out Schedule 2?
A: You need to fill out Schedule 2 if you have transferred any federal amounts from your spouse or common-law partner.
Q: What are federal amounts?
A: Federal amounts are certain tax credits, deductions, or other tax benefits that you can transfer to your spouse or common-law partner to reduce their tax liability.
Q: Why would I transfer federal amounts to my spouse or common-law partner?
A: Transferring federal amounts to your spouse or common-law partner can help reduce their tax liability and may result in a overall lower tax burden for your household.
Q: Is Schedule 2 available in large print?
A: Yes, Form 5005-S2 Schedule 2 is available in large print for individuals who require it.