PhilOttPub

Apologies ... I just realized that, since I had read an earlier topic on DIEP, I posted this in the wrong forum. Moderators, could you please move this thread to UFIle for Windows? Perhaps the question makes more sense there??

Geo123: Thanks for your prompt reply. Unfortunately, it does not address my concerns (it seems very similar to a reply on another thread that I had just read before posting my query). I also looked at both URLs referenced, but they do not appear to address my concerns. In my case, there are two associated entities: One person is a sole proprietor, and their spouse owns a corporation. It appears from my reading that the sole proprietorship and the corporation must split the allowable immediate expense limit. Is this correct? If so, we want the sole proprietorship to have 10% and the corporation to have 90%. My question is "How do we complete the DIEP agreement form to achieve this result" for each spouse?

I am not clear on how to complete the DIEP form for an individual that operates a business as a sole proprietorship, who has a spouse who is the sole owner of a corporation. And how does the spouse complete their DIEP form? For starters, what is the correct answer the question "Are you associated in the fiscal period with one or more EPOPs with which you have entered into an agreement under subsection 1104(3.3) of the Regulations?", where the spouses have agreed on the percentages? Does that agreement fall under subsection 1104(3.3), or is there some filin g requirement under that section?