Diana (anonymous)

Hi there,

I very much enjoyed your blog and Q&A posts – thank you for giving back to the community!

My accountant retired and as I’m doing the T2 corporation return myself, I noticed that last year there should have been some payable amounts included (operating expenses and income taxes payable). Am I allowed to include them this year under GIFI line 3720 (as prior period adjustments to retained earnings)?

Many thanks in advance!