Corporate Tax Continuity

Corporate Tax Continuity Worksheet

This worksheet reconciles CRA (re)assessments to journalized tax amounts, and determines the current tax provision.

Reconciling financial statements to filed tax returns to assessments can be a complex exercise. This is even more difficult when there are multiple (re)assessments, interest, penalties, and prior year balances.

Using straightforward inputs, this worksheet calculates under or over accruals, provides journal entries to book in the financial statements, reconciles the financial statement accounts, and more.

To best meet your specific requirements, you can take advantage of the different worksheet flavours that include calculations for R&D, and refundable taxes for Canadian-controlled investment corporations.

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Opening balances

Assessments and reassessments

Journal entry for past events, and reconciliation

Current year provision, and ending F/S balances


  • Corporate Tax Continuity Worksheet (Standard + SR&ED)
  • Corporate Tax Continuity Worksheet (Standard)
  • Corporate Tax Continuity Worksheet (Simple)
  • Corporate Tax Continuity Worksheet (Alberta Standard + SR&ED)
  • Corporate Tax Continuity Worksheet (Alberta Standard)
  • Corporate Tax Continuity Worksheet (Alberta)