Step 2 - Work on income statement schedule 125
Add a GIFI schedule 125, Non-farm Income Statement, into the tax return to calculate the taxable income of the corporation. For farming income, add Farm Income Statement instead.
In a newer version of T2Express, Sch125 is added by default. Or you can add it by the menu Forms > Add Sch125..., as shown in the following screenshot.
In T2Express before version 2013.1, schedule 125 is found inside the GIFI menu.
Since T2Express version 2013.1, schedule 125 is moved inside the Forms/GIFI menu.