• 2 Status of business

    Print X at B1, B2, or B3 to show the appropriate description for the status of the business. If more than one selection applies, select the first applicable option. If none of the selections applies, leave B1 to B3 blank.

    Consolidation status

    Print X at Z2 if the trust was a subsidiary member of a consolidated group or MEC group at any time during the income year.

    In this case the tax return is for the period during which the trust was not a subsidiary member of a consolidated group or MEC group in the income year (non-membership period). It will be necessary to complete an applicable schedule for periods attributable to the non-membership period. For information about reporting multiple non-membership periods during the year, see Consolidation reference manual then select:

    • Part C – Detailed information
    • C9 – Determine tax liabilities, determine obligations
    • C9-5-110.

    If the trust was a member of a consolidated group or MEC group for the whole income year, the responsibility for preparing the schedules will rest on the head company of the group.

    Last modified: 31 Aug 2016QC 48243