Hudati (anonymous)

Hi Allan,

Hope all is good with you!

I am the owner manager of my corp, I got my December 2019 salary in my personal bank in Jan 2020.

Shall follow the accrual or cash basis:

1. can my corp deduct Dec salary expense based on accrual or it is wrong and should be deducted when paid only?

2. can I report the salary in my 2019 T1 or you think it should be part of my 2020 T1 they year I received it thanks