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Excise and GST/HST News
No. 66Fall 2007Table of contents
2007 Economic Statement ...........................................................................................................................................................................
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What is economic statement?
An economic statement is a document that outlines an individual or organization's financial activities, including income, expenses, and assets.
Who is required to file economic statement?
Individuals or organizations who meet certain income or asset thresholds may be required to file an economic statement.
How to fill out economic statement?
To fill out an economic statement, you will need to gather financial information such as income, expenses, assets, and liabilities, and then report this information accurately on the form provided.
What is the purpose of economic statement?
The purpose of an economic statement is to provide a clear picture of an individual or organization's financial situation, which can be used for decision-making, planning, and accountability.
What information must be reported on economic statement?
Information such as income, expenses, assets, liabilities, investments, and financial transactions must be reported on an economic statement.
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