This version of the form is not currently in use and is provided for reference only. Download this version of Form T2 Schedule 346 for the current year.
Form T2 Schedule 346 is used in Nova Scotia, Canada to calculate the corporation tax for the tax years 2017 and later for Nova Scotia corporations. The form helps businesses determine their tax liability and report it to the Canada Revenue Agency (CRA).
The Form T2 Schedule 346 Nova Scotia Corporation Tax Calculation (2017 and Later Tax Years) in Canada is filed by corporations registered in Nova Scotia who need to calculate their provincial taxes.
Q: What is Form T2 Schedule 346?
A: Form T2 Schedule 346 is a tax calculation form for Nova Scotia corporations.
Q: Who needs to file Form T2 Schedule 346?
A: Nova Scotia corporations that are required to file a federal T2 corporation income tax return and have a permanent establishment in Nova Scotia need to file Form T2 Schedule 346.
Q: What is the purpose of Form T2 Schedule 346?
A: The purpose of Form T2 Schedule 346 is to calculate the Nova Scotia corporation tax payable by a corporation.
Q: What tax years does Form T2 Schedule 346 apply to?
A: Form T2 Schedule 346 applies to tax years starting in 2017 and later.
Q: Is Form T2 Schedule 346 only for companies in Nova Scotia?
A: Yes, Form T2 Schedule 346 is specifically for Nova Scotia corporations.
Q: Are there any other requirements for filing Form T2 Schedule 346?
A: Yes, you must also file the federal T2 corporation income tax return and include Schedule 346 as part of it.
Q: Is Form T2 Schedule 346 the same as the federal T2 corporate income tax return?
A: No, Form T2 Schedule 346 is an additional schedule that is filed with the federal T2 corporate income tax return specifically for Nova Scotia corporations.
Q: What information is required to complete Form T2 Schedule 346?
A: To complete Form T2 Schedule 346, you will need the corporation's financial information, including income, expenses, and deductions specific to Nova Scotia.
Q: Can Form T2 Schedule 346 be filed electronically?
A: Yes, you can file Form T2 Schedule 346 electronically through the CRA's My Business Account or Represent a Client services.