Where to enter the amount from box 42 of the T3 slip

Where do I enter the amount from box 42 of a T3 slip?

This amount represents a distribution or return of capital from the trust. It affects the value of the cost base of the mutual fund.

This box is for information purposes only and as such, the amount should not be entered on the tax return.

Note however that this amount represents a change in the capital balance for the mutual fund trust identified on the slip. Please refer to CRA publication RC4169 titled Tax Treatment of Mutual Funds for Individuals for information on how to recalculate the ACB (adjusted cost base) in such a situation.