Viewing a T1163/T1273 report

You can produce a report that will help you complete your Canadian Agricultural Income Stabilization (AgriStability) “Statement A” for the current year.

You can assign each income and expense in the chart of accounts to a specific T1163/T1273 commodity code. To display the income and expense account totals on the AgriStability program, enter theappropriate T1163/T1273 commodity code into each income or expense account.

To view a T1163/T1273 report:

1. Select Report Console from the Reports menu. The report console opens.
2. Select Tax Information from the menu panel, and then select T1163/T1273.
3. Select the Method (Accrual or Cash) for the report. An accrual report includes all outstanding accounts receivable and accounts payable charges for the current year. A cash report includes the current balance of income and expense accounts for the current year.
4. Select the Depreciation to determine how much CCA expense is calculated and displayed on the report:
   • None – Sets the CCA rate to zero. No depreciation is calculated.
   • Maximum - Uses the maximum allowable CCA expense.
   • User - Calculates the CCA expense using the rates you’ve established.
   Note: You can set up the maximum and user rates in the CCA/Depreciation. 
5. Select the Fiscal Year you’d like to report on.
6. Click Generate. 

Last updated on August 22, 2014 by FCC AgExpert