Form T2 Schedule 18 Federal and Provincial or Territorial Capital Gains Refund (2017 and Later Tax Years) - Canada

Form T2 Schedule 18 Federal and Provincial or Territorial Capital Gains Refund (2017 and Later Tax Years) is used in Canada to claim capital gains refunds for federal and provincial or territorial taxes in certain situations. It allows taxpayers to request a refund on any taxes paid on capital gains that may be eligible for a refund.

The Form T2 Schedule 18 Federal and Provincial or Territorial Capital Gains Refund is filed by corporations in Canada.

FAQ

Q: What is Form T2 Schedule 18?
A: Form T2 Schedule 18 is a tax form used in Canada to claim a capital gains refund for federal and provincial/territorial taxes.

Q: Who can use Form T2 Schedule 18?
A: Corporations in Canada can use Form T2 Schedule 18 to claim a capital gains refund.

Q: When should I use Form T2 Schedule 18?
A: You should use Form T2 Schedule 18 if your corporation has realized and reported capital gains for federal and provincial/territorial taxes.

Q: What is a capital gains refund?
A: A capital gains refund is a refund of taxes paid on capital gains realized by a corporation.

Q: How do I fill out Form T2 Schedule 18?
A: You should consult the instructions provided with the form to correctly fill it out.

Q: Is Form T2 Schedule 18 applicable for the 2017 and later tax years?
A: Yes, Form T2 Schedule 18 is applicable for the 2017 tax year and later.