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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 5002-S2 Schedule PE(S2)
for the current year.
Form 5002-S2 Schedule PE(S2) Federal Amounts Transferred From Your Spouse or Common-Law Partner - Canada
Form 5002-S2 Schedule PE(S2) is used in Canada for reporting federal amounts transferred from your spouse or common-law partner. It is specifically used for the purpose of transferring federal tax credits, deductions, or other amounts from your spouse or common-law partner to reduce your overall tax liability.
The specific individual who files the Form 5002-S2 Schedule PE(S2) in Canada would be the taxpayer's spouse or common-law partner who has federal amounts to transfer.
FAQ
Q: What is Form 5002-S2 Schedule PE(S2)?
A: Form 5002-S2 Schedule PE(S2) is a tax form used in Canada to report federal amounts transferred from your spouse or common-law partner.
Q: What is the purpose of Form 5002-S2 Schedule PE(S2)?
A: The purpose of Form 5002-S2 Schedule PE(S2) is to calculate and report federal amounts transferred from your spouse or common-law partner, which can affect your tax liability.
Q: Who needs to fill out Form 5002-S2 Schedule PE(S2)?
A: You need to fill out Form 5002-S2 Schedule PE(S2) if you want to claim federal amounts transferred from your spouse or common-law partner on your Canadian income tax return.
Q: What information do I need to fill out Form 5002-S2 Schedule PE(S2)?
A: To fill out Form 5002-S2 Schedule PE(S2), you will need information about your spouse or common-law partner's income, deductions, and credits, as well as your own income.
Q: When is the deadline to file Form 5002-S2 Schedule PE(S2)?
A: The deadline to file Form 5002-S2 Schedule PE(S2) is the same as the deadline for filing your Canadian income tax return, which is usually April 30th.
Q: Are there any penalties for not filing Form 5002-S2 Schedule PE(S2)?
A: If you are required to file Form 5002-S2 Schedule PE(S2) and fail to do so, you may be subject to penalties and interest charges imposed by the Canada Revenue Agency (CRA).
Q: Is Form 5002-S2 Schedule PE(S2) only for married couples?
A: No, Form 5002-S2 Schedule PE(S2) is not only for married couples. It is also applicable to common-law partners.
Q: Do I need to include Form 5002-S2 Schedule PE(S2) with my tax return?
A: Yes, you need to include Form 5002-S2 Schedule PE(S2) with your Canadian income tax return when filing it with the Canada Revenue Agency (CRA).
