T5003 slip - tax shelters

My client received a T5003. How do I enter the amounts from this slip?

In some circumstances, namely in the case of a member of a limited partnership, the taxpayer will receive a T5013 slip in addition to the T5003. You may then ignore the amounts showing on the T5003 since that slip is provided for your information only. Indeed, the loss indicated in box 11 of the T5003 should match the loss showing on the T5013 slip. The same goes for box 10 (carrying charges), box 13 (gift) and box 14 (federal political contributions).

For taxpayers who receive a T5003 slip only, the loss shown in box 11 must be entered under the relevant keyword in DT Max. Potential keywords are Business, CAPITAL-GAIN (option ABIL), OTHER-DEDUCT, RESOURC-POOL, T-Slip (option T101) and T-Slip (option T5013). To figure out which keyword to use, take a look at box 12 to find out the principal business activity of the tax shelter. This will help you identify the line of the tax return where you should claim the loss shown in box 11.

As for box 10, use the keyword IntCarCharge and enter the relevant description and amount. For box 13, use the keyword Donations and for box 14, use the keyword Political .