Does anyone know if schedule 101 is mandatory on first year filling after incorporation?
I’ve heard the corporation will have a transaction:
Share capital XXX
However, in this situation, there have been some assets transferred from the sole proprietorship to the incorporated business (computer & furniture)
I was thinking of entering:
SH loan $2,000
Share Capital $1
SH loan $1
If anything - can anyone comment if this is how they would go about?