If I operate my corporation in multiple provinces, is there a special way my taxable income gets allocated to the provinces?

Allan Madan, CA

Nov 12, 2013

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The taxable income in the multiple provinces gets allocated based on a formula. The taxable income is prorated and allocated based on the salaries paid and the gross revenue earned in those provinces.

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The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

ABOUT THE AUTHOR

ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

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