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Alberta at1 schedule 1 2026
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- Click ‘Get Form’ to open the Alberta AT1 Schedule 1 in the editor.
- Begin by entering the taxation year ending in the designated field. Ensure all monetary values are reported in dollars without cents.
- In AREA A, indicate if your corporation is associated with other Canadian-controlled private corporations by selecting 'Yes' or 'No'. If 'Yes', complete the allocation details on page 2.
- For the Alberta Small Business Deduction section, input your income from active businesses as reported on T2 line 400 or Schedule 12 line 106. Deduct any applicable Royalty Tax Deduction from this amount.
- Proceed to calculate your taxable income and ensure to follow instructions for adjustments related to foreign tax credits as outlined in the guide.
- Complete AREA B to determine the base amount used for calculating the Alberta Small Business Threshold, ensuring all calculations are accurate and reflect any necessary prorations.
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