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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 5006-S2 Schedule ON(S2)
for the current year.
Form 5006-S2 Schedule ON(S2) Provincial Amounts Transferred From Your Spouse or Common-Law Partner - Canada
Form 5006-S2 Schedule ON(S2) Provincial Amounts Transferred From Your Spouse or Common-Law Partner in Canada is used to calculate the amount of provincial tax credits that can be transferred from your spouse or common-law partner to reduce your provincial tax payable.
The taxpayer's spouse or common-law partner in Canada files the Form 5006-S2 Schedule ON(S2) to report provincial amounts transferred from them.
FAQ
Q: What is Form 5006-S2 Schedule ON(S2)?
A: Form 5006-S2 Schedule ON(S2) is a tax form used in Canada.
Q: What does the form capture?
A: The form captures the provincial amounts transferred from your spouse or common-law partner.
Q: Who needs to fill out this form?
A: This form needs to be filled out by individuals who are claiming provincial amounts transferred from their spouse or common-law partner.
Q: What are the provincial amounts?
A: Provincial amounts are tax credits or deductions that can be transferred from one spouse or common-law partner to the other.
Q: Why would someone transfer provincial amounts?
A: A spouse or common-law partner may transfer provincial amounts if they do not have enough taxable income to use the full amount of the tax credit or deduction.
Q: What should be done with the completed form?
A: The completed form should be attached to the individual's income tax return.
