Pattern 4: T2 Schedules — The Neighbourhood Map

blues cumbia, dakar house, piano african folk

Listen on 93

Lyrics

[Verse 1]
Welcome to the corporate floor, let me show you around
T2 schedules got their place, organized by common ground
Like neighborhoods in a city, each range has got its theme
From one to twenty-nine we start, the federal core supreme
Income, losses, CCA, foreign affiliates too
Non-arm's length and shareholder info, the foundation's always true

[Chorus]
One to twenty-nine, core federal line
Thirty-one to fifty-nine, specialized design
Sixty-three to seventy-eight, new credits taking flight
Eighty-eight to one-oh-one, financial statements right
Three hundred plus provincial, coast to coast they go
Lower numbers older rules, higher numbers new flow

[Verse 2]
Move up to the specialized zone, thirty-one through fifty-nine
ITC and capital tax, GRIP and LRIP align
Part Four and Part Six taxes, equity buyback too
These are your federal specialists, handling what they do
Then sixty-three to seventy-eight brings the future near
Clean economy credits and journalism credits here

[Chorus]
One to twenty-nine, core federal line
Thirty-one to fifty-nine, specialized design
Sixty-three to seventy-eight, new credits taking flight
Eighty-eight to one-oh-one, financial statements right
Three hundred plus provincial, coast to coast they go
Lower numbers older rules, higher numbers new flow

[Bridge]
EIFEL and fuel charge rebate, newer policy shows
Financial statements neighborhood, where GIFI always goes
Balance sheet and income state, insurance has its place
One twenty-five to fifty-one, organized by case
Provincial starts at three hundred, separate zip code zone
East to west the pattern flows, each province holds its own

[Verse 3]
Remember the timeline pattern, lower means it's old
Higher numbers newer rules, that's the story told
Clean economy and EIFEL, equity buyback tax
These live in higher ranges where the newest policy acts
So when you see a schedule number, think about its street
Which neighborhood it calls home makes the system complete

[Chorus]
One to twenty-nine, core federal line
Thirty-one to fifty-nine, specialized design
Sixty-three to seventy-eight, new credits taking flight
Eighty-eight to one-oh-one, financial statements right
Three hundred plus provincial, coast to coast they go
Lower numbers older rules, higher numbers new flow

[Outro]
Navigate the T2 map, neighborhoods are clear
Each range tells its story, year after year
From core to specialized, new credits in between
Financial statements follow, provincial completes the scene

← Pattern 3: The Provincial Form Suffix Code | Pattern 5: The Excise Product Ladder (L and B Forms) →