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Click ‘Get Form’ to open the Schedule 50 in the editor.
Begin by entering the name of the corporation at the top of the form. Ensure accuracy as this information is crucial for identification.
Fill in the Business Number and specify the tax year-end date, including month and day. This helps in aligning your submission with tax requirements.
List each shareholder who holds 10% or more of common and/or preferred shares. For each shareholder, provide their name and indicate their type (corporation, partnership, individual, or trust) in brackets.
In the corresponding fields, enter each shareholder's social insurance number or trust number as applicable.
Finally, input the percentage of common and preferred shares held by each shareholder. Ensure that these percentages add up correctly to reflect ownership accurately.
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