Form T2 Schedule 385 is used in Canada to claim the Manitoba Odour-Control Tax Credit for tax years 2013 and later. This credit is available to businesses in Manitoba that incur expenses related to odour-control equipment or systems.
The Form T2 Schedule 385 is filed by corporations in Canada that are eligible for the Manitoba Odour-Control Tax Credit.
Q: What is the T2 Schedule 385?
A: The T2 Schedule 385 is a tax form used in Canada.
Q: What is the Manitoba Odour-Control Tax Credit?
A: The Manitoba Odour-Control Tax Credit is a tax credit available in Manitoba, Canada.
Q: Who is eligible for the Manitoba Odour-Control Tax Credit?
A: Companies that own or lease a facility that produces certain odours and have incurred eligible expenditures for odour-control equipment may be eligible for the credit.
Q: What tax years does the Manitoba Odour-Control Tax Credit apply to?
A: The tax credit applies to the 2013 tax year and later.
Q: What is the purpose of the Manitoba Odour-Control Tax Credit?
A: The purpose of the tax credit is to provide incentives for companies to reduce odours emitted from their facilities.