  T-slip information |
The keyword T-Slip was introduced to facilitate the entry of common information slips. Use it to select the appropriate slip.
The same keywords are used to report income from various information slips, which may report it in a different order. The order of entry does not necessarily match the order on a T-slip.
If an information slip reports income from a foreign source, indicate the name of the country (see the keyword Country.t for details) and enter the amount in Canadian currency. In most cases, information slips already report income from foreign sources in Canadian currency.
If all amounts on the information slip are reported in foreign currency, use the keyword Exchange.t, in the T-Slip group, to indicate the exchange rate applicable. DT Max will convert all the data entered in the group to Canadian currency according to the rate entered with the Exchange.t keyword.
Note that only one country may be identified per T-Slip group. Therefore, if an information slip reports foreign income from multiple foreign countries, enter the income from each foreign country in a separate T-Slip group. This procedure will allow DT Max to calculate the foreign tax credit for each country on an individual basis.
Use Name.t to enter the name of the issuer of the information slip.
Indicate the province of employment if different from the province of residence. If your client was a Quebec resident on December 31 and received employment income outside of Quebec, DT Max will transfer to Quebec 45% of the federal income tax withheld at source and report it on line 43800 of the federal income tax return and on line 454 of the Quebec income tax return.
 See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 43800 - Tax transfer for residents of Quebec
 See the CRA's general income tax guide:
Line 43800 - Tax transfer for residents of Quebec
Enter the purchase date of the tax shelter.
Use Name.nr5 to enter the name of the issuer of the information slip.
Use the keyword # to input the policy plan number.
Use the keyword Street.nr5 to indicate the street name of the payer's mailing address.
Use the keyword City.nr5 to indicate the city of the payer.
Use the keyword Province.nr5 to indicate the province of the payer.
Use the keyword PostCode.nr5 to enter the postal code of the payer.
Use the keyword IdentNumber.t101 to enter the identification number (8 characters) as indicated in the T101 in the format NNNNNNNN. ("N" refers to a numeric character.) This identification number will appear on forms T1221 and T1229 with the corresponding expenses.
This is the total benefit paid minus any repayment for the current year (including any lump sum payment).
If your client did not have a spouse or common-law partner at the end of the year, DT Max will report that amount on line 11700 of the Federal return.
If your client had a spouse or common-law partner at the end of the year, the spouse or common-law partner with the lower net income has to report this amount on line 11700 of his or her return regardless of which person received the benefit.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11700 - Universal Child Care Benefit
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
This is the total amount of benefits repaid for previous years. DT Max will report that amount on line 21300 of the Federal return.
The person (taxpayer or the spouse or common-law partner) who reported UCCB income for the previous year(s) must claim this amount on line 21300 of the Federal return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 21300 - Universal Child Care Benefit repayment (box 12 on all RC62 slips)
Use the keyword Advance-CWB to enter the amount of Canada workers benefit advance payments from Box 10 of the RC210 slip. This is the portion of the Canada workers benefit that was issued as Advance Payments for the Tax Year indicated on this statement. DT Max will report that amount on line 41500 of the federal return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41500 - Canada Workers Benefit advance payments received
Use the keyword Advance-CWB-Supp to enter the amount of Canada workers benefit disability supplement advance payments from Box 11 of the RC210 slip. This is the portion of the Canada workers benefit that was issued as Advance Payments for the Tax Year indicated on this statement. DT Max will report that amount on line 41500 of the federal return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41500 - Canada Workers Benefit advance payments received
Enter the fiscal period end of the partnership as indicated on the T5013. Note that the T5013 only provides the month and year. Enter 01 as the day of the month when it is not known.
Use this keyword to indicate the exchange rate applicable to all the amounts on the slip. Enter this rate only if every amount on the information slip is expressed in foreign currency. Enter all the amounts in the same currency.
Click here for the CRA's records of average exchange rates.
The following options are applicable for the keyword Exchange.t.
United States (dollar)[2023: 1.3497] (Annual)
United States (dollar)[2023: 1.3422] (January)
United States (dollar)[2023: 1.3450] (February)
United States (dollar)[2023: 1.3682] (March)
United States (dollar)[2023: 1.3485] (April)
United States (dollar)[2023: 1.3520] (May)
United States (dollar)[2023: 1.3288] (June)
United States (dollar)[2023: 1.3215] (July)
United States (dollar)[2023: 1.3485] (August)
United States (dollar)[2023: 1.3535] (September)
United States (dollar)[2023: 1.3717] (October)
United States (dollar)[2023: 1.3709] (November)
United States (dollar)[2023: 1.3431] (December)
Argentina (peso)
Australia (dollar)[2023: 0.8967]
Bahamas (dollar)
Brazil (real)[2023: 0.2704]
Chile (peso)
Chine (renminbi)[2023: 0.1907]
Colombia (peso)
Communauté Financière Africaine (franc)
Comptoirs Français du Pacifique (franc)
Croatia (kuna)
Czech Republic (koruna)
Denmark (krone)
East Caribbean (dollar)
Europe (Euro)[2023: 1.4597]
Fiji (dollar)
Ghana (cedi)
Guatemala (quetzal)
Honduras (lempira)
Hong Kong (dollar)[2023: 0.1724]
Hungary (forint)
Iceland (krona)
India (rupee)[2023: 0.01635]
Indonesia (rupiah)[2023: 0.000089]
Israel (new shekel)
Jamaica (dollar)
Japan (yen)[2023: 0.009630]
Malaysia (ringgit)
Mexico (peso)[2023: 0.07618]
Morocco (dirham)
Myanmar (Burma) (kyat)
Netherlands Antilles (guilder)
New Zealand (dollar)[2023: 0.8287]
Norway (krone)[2023: 0.1278]
Pakistan (rupee)
Panama (balboa)
Peru (new sol)[2023: 0.3606]
Philippines (peso)
Poland (zloty)
Romania (nouveau leu)
Russia (ruble)[2023: 0.01600]
Serbia (dinar)
Singapore (dollar)[2023: 1.0051]
South Africa (rand)[2023: 0.07323]
South Korea (won)[2023: 0.001033]
Sri Lanka (rupee)
Sweden (krona)[2023: 0.1273]
Switzerland (franc)[2023: 1.5024]
Taiwan (new dollar)[2023: 0.04334]
Thailand (baht)
Trinidad and Tobago (dollar)
Tunisia (dinar)
Turkey (lira)[2023: 0.05860]
United Arab Emirates (riyal)[2023: 0.3597]
United Kingdom (pound sterling)[2023: 1.6784]
Venezuela (bolivar fuerte)
Vietnam (dong)
Other (specify)
Name of currency used according to box 200 of the Relevé 3.
Use Tax-Shelter to enter the tax shelter number (8 characters in the format TSNNNNNN).
Use Que-Tax-Shelter to enter the Quebec tax shelter number (12 characters in the format QAF NN NNNNN).
Enter the applicable 6-digit numeric NAICS code that best describes the type of operation.
A complete list of NAICS codes is available here.
Was the security sold before the maturity date?
Use Date-Maturity.t to enter the maturity date of treasury bills or stripped bonds.
Select the securities type.
The following options are applicable for the keyword Securities-Type.
Other (default)
Stripped bonds Stripped Coupons are interest payment coupons detached from government bonds. Residuals are the bonds without their interest coupons. Both are sold as individual investments known as "Strips". Strips are always sold at a discount and mature at face value. The longer the term to maturity, the deeper the discount. The difference between the purchase price and the face value is your interest income.
Treasury bills Treasury bills (T-bills) are very safe investments issued by the federal government and some provinces. These investments are sold at a lower price than their price at maturity. The difference between the purchase price and the selling price represents your return. Although the return on this category of investment is a capital gain, it is considered to be interest income for tax purposes and is therefore taxable at 100%.
Increase, if any, in the paid-up capital in respect of all shares of the capital stock of the purchaser corporation as a result of the issue of the new shares. This increase is determined without reference to article 84.1 of the federal Income Tax Act.
This amount corresponds to the letter "A" of the formula used to calculate the deemed dividend under paragraph 84.1(1)(b). The deemed dividend = (A+D)-(E+F). Use [Alt-J] to enter different values for other jurisdictions.
Fair market value (FMV) of all consideration (other than the new shares) received by the taxpayer from the purchaser corporation for the subject shares.
This amount corresponds to the letter "D" of the formula used to calculate the deemed dividend under paragraph 84.1(1)(b). The deemed dividend = (A+D)-(E+F). Use [Alt-J] to enter different values for other jurisdictions.
Paid-up capital of the subject shares.
This amount is used for the calculation of the letter "E" which is the highest of the paid-up capital and the "hard" ACB of the formula used to calculate the deemed dividend under paragraph 84.1(1)(b). The deemed dividend = (A+D)-(E+F). Use [Alt-J] to enter different values for other jurisdictions.
Adjusted cost base (ACB) of the subject shares (Modified ACB). The ACB must be modified by the adjustments provided for in paragraphs 84.1(2)(a) and (a.1).1(2)(a) and (a.1) ITA; (Modified ACB).
Subject to the application of sections 517.4 to 517.4.2 of the Taxation Act.
This amount is used for the calculation of the letter "E" which is the highest of the paid-up capital and the "hard" ACB of the formula used to calculate the deemed dividend under paragraph 84.1(1)(b). The deemed dividend = (A+D)-(E+F). Use [Alt-J] to enter different values for other jurisdictions.
Total of all amounts each of which is an amount required to be deducted by the purchaser corporation under paragraph 84.1(1)(a) of ITA in computing the paid-up capital in respect of any class of shares of its capital stock by virtue of the acquisition of the subject shares.
This amount corresponds to the letter "F" of the formula used to calculate the deemed dividend under paragraph 84.1(1)(b). The deemed dividend = (A+D)-(E+F). Use [Alt-J] to enter different values for other jurisdictions.
Amount of the dividend that qualifies as eligible dividend Use [Alt-J] to enter different values for other jurisdictions.
Determined amount reported in your federal income tax return as a deemed dividend respecting the subject shares under paragraph 84.1(1)b) of the ITA.
The following options are applicable for the keyword DeemedDiv-OV.
Use [Alt-J] to enter different values for other jurisdictions.
Determined amount reported in your federal income tax return as a deemed dividend respecting the subject shares under paragraph 84.1(1)b) of the ITA.
The following options are applicable for the keyword FedDeemedDiv-OV.
Determined amount reported in your Quebec income tax return as a deemed dividend respecting the subject shares under paragraph 84.1(1)b) of the ITA.
The following options are applicable for the keyword QueDeemedDiv-OV.
Use the keyword Que-ElectDeemed-CG if the taxpayer disposes of eligible shares of a corporation in the context of a transfer of a family business and you want to designate, for the year of the disposition of thoses shares, an amount as a deemed capital gain in respect of the gain realized on such disposition that would otherwise be considered a deemed dividend under sections 517.5.3 to 517.5.11 of the Quebec Taxation Act.
The amount that you may designate as a deemed capital gain must not be more than twice the amount of the capital gains deduction that you may claim for the year of the disposition of those shares, if those shares represented the only eligible property disposed of in the year.
Enter the effective yield rate. The rate will be used to calculate accrued interest on the disposition date if the security is sold before the maturity date. The effective yield rate is obtained as follows:
[(Face value - Purchase price of the security) / Purchase price of the security] x (365 / number of holding days) = Effective yield rate
If the effective yield rate is not entered, DT Max will calculate the rate based on the informations entered.
Override of some calculated lines of form TP-517.5.5
The following options are applicable for the keyword Amounts-OVQ.
Use the keyword Recipient-Type to identify the recipient type in the transaction.
The following options are applicable for the keyword Recipient-Type.
1 individual
2 joint account
3 corporation
4 other
Use the keyword Foreign-Currency to identify the foreign currency in the transaction.
The following options are applicable for the keyword Foreign-Currency.
USD United States, dollar
AUD Australia, dollar
DKK Denmark, krone
EUR European Union, euro
GBP United Kingdom, pound
HKD Hong Kong, dollar
JPY Japan, yen
NZD New Zealand, dollar
OTH Other
Enter the date the transaction was settled.
Use Nbr-days-Retention to enter the number of days the securities were held. DT Max will automatically calculate the date of acquisition based on the number of days entered.
Use Date-Acquisition.t to enter the date of acquisition of the securities sold.
Use the keyword TypeCodeSecurities to identify the type code of securities in the transaction.
The following options are applicable for the keyword TypeCodeSecurities.
BON Bonds
BO1 A bulk transaction in bonds
DOB Debt obligations in bearer form
DO1 A bulk transaction in debt obligations in bearer form
ELN Equity linked notes
FUT Futures
MET Precious metals
MFT Units in a mutual fund trust or investment fund trust
MSC Miscellaneous
OPC Option contracts
PTI Publicly traded interest in a trust or partnership
RTS Rights
SHS Shares
UNT Units (ex., a unit consisting of a bond and a warrant)
WTS Warrants
Use the keyword #SECURITIES to enter the number of units in the transaction.
Use the keyword Id-Securities to identify the securities disposed of or redeemed in the transaction.
Use Face-Value.t to enter the face value of the securities.
Use the keyword Cost-Value to enter the adjusted cost base of the securities disposed of.
The amount in box 20 may or may not reflect your client's adjusted cost base (ACB) for the purpose of determining the gain or loss from the disposition of the security. You are required to make the adjustments, as needed, to the amount indicated in box 20, at the time of determining and reporting your client's gain or loss from the disposition
If the cost of acquisition is not shown on the T5008, it must be determined from other statements such as the accompanying statement from the investment company or broker. Use [Alt-J] to enter different values for other jurisdictions.
Use this keyword to indicate the exchange rate applicable to the adjusted cost base. Enter this rate only if the adjusted cost base is expressed in foreign currency.
Click here for the CRA's records of average exchange rates.
Use the keyword Proceeds-Disp to enter the proceeds of disposition or the settlement amount from box 21 of the T5008 slip or RL-18.
The T5008 slip does not show the amount to be included in the taxpayer's income. This amount must be calculated by subtracting the cost of acquisition from the proceeds of disposition. Use [Alt-J] to enter different values for other jurisdictions.
Use this keyword to indicate the exchange rate applicable to the proceeds of disposition relating to capital property dispositions. Enter this rate only if the proceeds of disposition relating to capital property dispositions are expressed in foreign currency.
Click here for the CRA's records of average exchange rates.
Use the keyword Outlays-Expenses to enter the expenses incurred with the disposition of the securities. These expenses will be deducted in the calculation of the investment income or capital gain (loss). Use [Alt-J] to enter different values for other jurisdictions.
Use this keyword to indicate the exchange rate applicable to the outlays and expenses relating to capital property dispositions. Enter this rate only if the outlays and expenses relating to capital property dispositions are expressed in foreign currency.
Click here for the CRA's records of average exchange rates.
This is the partnership account number (9 characters) as indicated in box 001 of the T5013 in the format NNNNNNNNN. ("N" refers to a numeric character.)
In cases where the number contains 15 characters, enter only the first 9 characters. The field is also required for efile.
This is the partnership identification number (16 characters) as indicated in your RL-15 slip in the format NNNNNNNNNN AA NNNN. ("A" refers to an alphanumeric character, and "N" refers to a numeric character.)
If derived from a RL-15, the field will be required for electronic filing.
Enter the Member-Code from box 002 of the T5013.
It is essential to make an entry in this field to enable DT Max to calculate the eligible income/losses for any shelter.
If a partnership interest is an exempt interest, a person otherwise considered to be a limited partner will not be subject to the at-risk rules introduced in 1986.
Note that limited partners and specified members of a partnership may be limited in the type and amount of losses that can be claimed.
Retired partner (code 6) If a partner has retired but is receiving income, he could still be considered as a general partner or a specified member based on his status before retirement and his level of participation in the partnership after retirement.
The following options are applicable for the keyword Member-Code.
0, 3 or 5 - Limited partner
1 - Specified member (include code 6)
2 - General partner (include code 6)
Enter the country code - Box 003.
Enter the recipient type - Box 004.
The following options are applicable for the keyword RecipientType.t.
1 - individual, other than a trust
3 - corporation
4 - association, trust, club, or partnership
Enter the partner's share (%) of partnership income (loss) as indicated in box 005 of the T5013.
Enter the recipient identification number as indicated in box 006 of the T5013 slip.
Enter 0 (general partnership) or 1 (limited partnership) as indicated in box 39 of RL-15.
Use Bus-Code.t to enter the business code of the limited partnership as indicated in box 05 of the T5013 and box 38 of RL-15. The numbers correspond with the net income line for self-employed on the General Income Tax and Benefit Return.
The following options are applicable for the keyword Bus-Code.t.
22 : business
23 : farming
24 : fishing
25 : professional
26 : commissions
136 : rental
154 : other
Use Bus-Activity to enter the tax shelter's principal business activity. This identifies the partnership as a tax shelter.
The following options are applicable for the keyword Bus-Activity.
01 Charters and rentals
02 Films, videos, records, and tapes
03 Franchises
04 Hotels and motels
05 Manufacturing
06 Property development and sale
07 Recreational
08 Real estate rentals
09 Research and development
10 Gifting arrangements
11 Seismic data
12 Software
13 Farming (Accrual)
13 Farming (Cash)
14 Mining
15 Oil and gas (other than seismic data)
16 Fishing (Accrual)
16 Fishing (Cash)
16 Commission (Accrual)
16 Commission (Cash)
16 Other (describe)
Confirm if yes or no, the partnership was inactive throughout this fiscal period.
Use the keyword Total-Limited-Inc to enter the total limited partner business income (loss) as indicated in box 010 of the T5013 slip.
Use the keyword Total-Business-Inc to enter the total business income (loss) as indicated in box 020 of the T5013 slip.
Use the keyword Total-Cap-Gains to enter the total capital gains (losses) as indicated in box 030 of the T5013 slip.
Use CCA.t to enter the CCA amount indicated in box 040 of the T5013 for certified productions and Canadian films. This amount is included in boxes 110, 114, 116, 118, 120, 122 and 124 of the T5013 and is required to calculate AMT.
Federally, for limited partners, the CCA is included in the net income reported on line 12200 of the federal return and is subject to AMT. For general partners in a limited partnership, the CCA from films is included in the net income reported on line 13500 and has no AMT consequences.
For Quebec income tax purposes, the portion of the CCA on films that creates or increases a loss is reported on line 240 of the Quebec income tax return for limited and specified partners. For active partners, the CCA from films is included in the net income reported on line 156 and has no AMT consequences.
The following options are applicable for the keyword CCA.t.
Use [Alt-J] to enter different values for other jurisdictions.
Enter the number of partnership units held - Box 09.
Enter the limited partnership farming income (loss) - Box 101.
The following options are applicable for the keyword Lp-Farming.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14100 - Farming income - Net
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the limited partnership income related to the agricultural income stabilization. Include this amount on the AgriStability and AgriInvest program information and statement of farming activities that applies to you - Box 102.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14100 - Farming income - Net
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the limited partnership fishing income (loss) - Box 103.
The following options are applicable for the keyword Lp-Fishing.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14300 - Fishing income - Net
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the limited partnership business income (loss) - Box 104.
The following options are applicable for the keyword Lp-Business.
Limited partnership Choose this option only if ALL the amount of net income is indicated in box 104 of the T5013.
Limited partnership - Film
Limited partnership - Resources Enter the portion of the amount of net income indicated above which is not subject to Alternative Minimum Tax (AMT) in respect of carrying charges claimed which create or increase a loss for AMT purposes.
Limited partnership - Partner code is 5
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12200 - Net partnership income: limited or non-active partners only
See the CRA's general income tax guide:
Line 12200 - Net partnership income (limited or non-active partners only)
Enter the at-risk amount indicated in box 105 of the T5013. Use [Alt-J] to enter different values for other jurisdictions.
Enter the limited partnership rental income (loss) - Box 107. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12600 - Rental income - Net
See the CRA's general income tax guide:
Line 12600 - Rental income
Use Partner-Loss to enter the part of the current-year limited partnership loss that is not deductible on the current year's return. This amount can only be deducted from the same partnership's income in future years if the at-risk amount is positive after applying the provisions of paragraph 111(1)(e) of the Act. This amount should be indicated in box 108 of the T5013 for limited partners. DT Max will carry this amount forward to future years.
The "at-risk" rules do not apply to a farming loss allocated to the limited or specified partner; the restricted farm loss rules take precedence over the at-risk rules.
The following options are applicable for the keyword Partner-Loss.
[108] Ltd partnership loss available for carryforward Enter the amount indicated in box 109 of the T5013. This is the part of your current-year limited partnership loss that you cannot deduct on the current year's T1 return. You can only deduct it from the same partnership's income in future years if you have a positive at-risk amount after applying paragraph 111(1)(e) of the Act. You can carry it forward indefinitely.
[109] Previous loss carryforward eligible in the current yr
Ltd partnership loss carryforward from 1986 & 1987 Enter the partner's limited partnership loss carryforward from previous years. This is the limited partnership loss from previous years that you can claim in the current year. Claim it on line 25100 of your T1 return.
Ltd partnership loss carryforward, override Choose this option if you want to override the amount deducted as "limited partnership losses of other years" on line 25100 of the federal income tax return. DT Max will automatically deduct an amount equivalent to the limited partner's share of the partnership's net income of the year and reduce the carryforward amount for the subsequent years. However, if there is an increased at-risk amount upon which you want to deduct the limited partnership losses of other years, you may override the amount being claimed with this option. The carryforward will be adjusted accordingly.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25100 - Limited partnership losses of other years
See the CRA's general income tax guide:
Line 25100 - Limited partnership losses of other years
Enter the business income (loss) - Box 116.
The following options are applicable for the keyword BusinessInc.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13500 - Business income - Net
Line 22200 - Deduction for CPP or QPP contributions (Schedule 8)
See the CRA's general income tax guide:
Line 22200 - Deduction for CPP or QPP contributions on self-employment and other earnings
Enter the professional income (loss) - Box 120. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13700 - Professional income - Net
Line 22200 - Deduction for CPP or QPP contributions (Schedule 8)
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Line 22200 - Deduction for CPP or QPP contributions on self-employment and other earnings
Enter the commission income (loss) - Box 122. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13900 - Commission income - Net
Line 22200 - Deduction for CPP or QPP contributions (Schedule 8)
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Line 22200 - Deduction for CPP or QPP contributions on self-employment and other earnings
Enter the farming income (loss) - Box 124. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14100 - Farming income - Net
Line 22200 - Deduction for CPP or QPP contributions (Schedule 8)
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Line 22200 - Deduction for CPP or QPP contributions on self-employment and other earnings
Enter the fishing income (loss) - Box 126. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14300 - Fishing income - Net
Line 22200 - Deduction for CPP or QPP contributions (Schedule 8)
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Line 22200 - Deduction for CPP or QPP contributions on self-employment and other earnings
Enter the other income - Box 114. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Enter the gross income of the shelter as indicated in the T5013.
If the member is a general partner or a limited partner with farming or rental income, the gross amount will be reported as "Gross" rental and/or business income on page one of the income tax return.
Enter the Canadian and foreign net rental income (loss) - Box 110. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12600 - Rental income - Net
See the CRA's general income tax guide:
Line 12600 - Rental income
Enter the gross business income - Box 118. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13499 - Business income - Gross
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the gross professional income - Box 121. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13699 - Professional income - Gross
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the gross commission income - Box 123. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13899 - Commission income - Gross
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the gross farming income - Box 125. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14099 - Farming income - Gross
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the gross fishing income - Box 127. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14299 - Fishing income - Gross
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the gross rental income. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12600 - Rental income - Net
See the CRA's general income tax guide:
Line 12600 - Rental income
Select each province where the partnership had a permanent establishment and enter the percentage of income originating in that province as indicated in the "Details" section of the T5013 regarding Net Business income.
If income originates in several provinces, enter each province separately. If all income originates in the province of residence, do not make an entry. Use [Alt-J] to enter different values for other jurisdictions.
Enter the actual amount of dividends received as indicated in box 24 of the T5, box 49 of the T3, box 30 of the T4PS and box 132 of the T5013.
DT Max will report the grossed-up portion (138%) of the eligible dividends as the taxable amount of dividends from Canadian corporations reported on line 12000 of the federal income tax return.
DT Max will also claim 15.0198% of the eligible dividends as a dividend tax credit on line 40425 of the federal income tax return.
This is the taxable amount of dividends received as indicated in box 25 of the T5, box 50 of the T3, box 133 of the T5013 and box 31 of the T4PS.
You do not need to enter this if the actual amount of dividends is entered using EligDividend-Act .
DT Max will report the total of all taxable dividends received on line 12000 of the federal income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12000 - Taxable amount of dividends from taxable Canadian Corporations
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
This is the dividend tax credit as indicated in box 26 of the T5, box 51 of the T3, box 134 of the T5013 and box 32 of the T4PS.
You need not enter this amount if the actual amount of dividends is entered using EligDividend-Act .
DT Max will report the total dividend tax credit on line 40425 of the federal income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 40425 - Federal dividend tax credit
See the CRA's general income tax guide:
Line 41400 - Labour-sponsored funds tax credit
Enter the actual amount of dividends received as indicated in box 10 of the T5, box 23 of the T3, box 24 of the T4PS and box 129 of the T5013.
DT Max will include the grossed-up portion (115%) of this amount in the taxable dividends from Canadian corporations reported on line 12000 of the federal income tax return.
DT Max will also claim 9.0301% of the grossed-up amount as a dividend tax credit on line 40425 of the federal income tax return.
This is the taxable amount of dividends received as indicated in box 11 of the T5, box 130 of the T5013, box 32 of the T3, and box 25 of the T4PS.
You do not need to enter this if the actual amount of dividends is entered using Dividend-Act .
DT Max will report the total of all taxable dividends received on line 12000 of the federal income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12000 - Taxable amount of dividends from taxable Canadian Corporations
Line 12010 - Taxable amount of dividends other than eligible dividends
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
This is the dividend tax credit as indicated in box 12 of the T5, box 131 of the T5013, box 39 of the T3, and box 26 of the T4PS.
You need not enter this amount if the actual amount of dividends is entered using Dividend-Act .
DT Max will report the total dividend tax credit on line 40425 of the federal income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 40425 - Federal dividend tax credit
See the CRA's general income tax guide:
Line 41400 - Labour-sponsored funds tax credit
Enter the actual amount of dividends received as indicated in box A1 of the RL-3, box 6a of the RL-15, box C1 of the RL-16 and box A1 of the RL-25.
DT Max will report the grossed-up portion (138%) of the eligible dividends as the taxable amount of dividends from Canadian corporations reported on line 128 of the Quebec income tax return.
DT Max will also claim 16.2564% of the eligible dividends (line 166) as a dividend tax credit on line 415 of the Quebec income tax return.
Enter the actual amount of dividends received as indicated in box A2 of the RL-3, box 6b of the RL-15, box C2 of the RL-16 and box A2 of the RL-25.
DT Max will report the grossed-up portion (115%) of the eligible dividends as the taxable amount of dividends from Canadian corporations reported on line 128 of the Quebec income tax return.
DT Max will also claim 6.3825% of the regular dividends (ligne 167) as a dividend tax credit on line 415 of the Quebec income tax return.
This is the taxable amount of dividends received as indicated in box B of the RL-3, box 6 of the RL-15, box I of the RL-16 and box F of the RL-25.
DT Max will report the total of all taxable dividends received on line 128 of the Quebec income tax return.
This is the dividend tax credit as indicated in box C of the RL-3, box 44 of the RL-15, box J of the RL-16 and box G of the RL-25.
DT Max will report the total dividend tax credit on line 415 of the Quebec income tax return.
Enter the amount of interest from Canadian sources as indicated in box 13 of the T5 and box 128 the of T5013.
DT Max will report the total interest calculated on line 12100 of the federal income tax return and line 130 of the Quebec income tax return. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12100 - Interest and other investment income
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Enter the amount received as lump sum pension income as indicated in box 22 of the T3. This amount qualifies for a transfer to a registered pension plan (RPP) or registered retirement savings plan (RRSP) as per ITA Section 60(j). DT Max will include this amount on line 13000 of the federal income tax return.
The following options are applicable for the keyword Lump-Sum-Pen.
Lump-sum pension income
Portion - direct or indirect transfer to RRSP
Portion - direct or indirect transfer to RPP
Portion - single foreign pension payment [B-1]
Use [Alt-J] to enter different values for other jurisdictions.
Select the payer-offered dental benefits you have, per box 015 of your T4A slip.
The following options are applicable for the keyword Dental-Benefits.t.
1 - Not eligible to access any dental care insurance
2 - Payee only
3 - Payee, spouse and dependent children
4 - Payee and their spouse
5 - Payee and their dependent children
Choose the relevant option and enter the pension or superannuation amount received. The total of the amounts entered in all the options with Pension must equal the amount indicated in box 016 of the T4A.
The following options are applicable for the keyword Pension.
[016] Pension or superannuation - RPP Choose this option to enter the pension or superannuation benefits received by the individual or surviving spouse under a registered pension plan (RPP) that is included in box 16 of the T4A. Exclude the amount indicated in the "Footnotes" (box 38) for amounts received from an unregistered pension plan.
DT Max will report the pension income on line 11500 and the pension income amount on line 31400 of the federal income tax return.
[016] Pension or superannuation - UPP Choose this option to enter the life annuity payment received by the individual or surviving spouse under an unregistered pension plan (UPP) that is included in box 16 of the T4A and indicated in the "Footnotes" (box 38) of the T4A.
DT Max will report the pension income on line 13000 of the federal income tax return. This amount is not eligible for the pension income amount on line 31400 of the federal income tax return.
[016] Saskatchewan Pension Plan - SPP Choose this option to enter the amount received under a Saskatchewan Pension Plan (SPP) that is included in box 16 of the T4A.
The specified pension plan (SPP) is a pension plan or similar arrangement that has been prescribed under the Income Tax Regulations as a "specified pension plan" for purposes of the Income Tax Act (currently the Saskatchewan Pension Plan is the only arrangement prescribed to be a specified pension plan). Many of the rules related to RRSPs also apply to SPPs.
DT Max will report the pension income on line 11500 and the pension income amount on line 31400 of the federal income tax return.
[016] Other eligible pension Choose this option to enter the amount received under an "other eligible pension plan" that is included in box 16 of the T4A. Do not include the amounts received from an "other ineligible pension plan".
DT Max will report the pension income on line 11500 and the pension income amount on line 31400 of the federal income tax return.
[128] Veterans' benefits elig. for pension split (box 016) Choose this option to enter the amount of Veterans' benefits eligible for pension splitting that is included in box 16 of the T4A.
Select
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Choose the relevant option and enter the lump sum payments received. The total of the amounts entered in all the options with Lump-Sum-Pmt must equal the amount indicated in box 018 of the T4A.
The following options are applicable for the keyword Lump-Sum-Pmt.
[102] Lump-sum payments - non resident serv. trans. to RPP Enter the lump-sum payments - non-resident services transferred under paragraph 60(j). This amount is included in box 018 of the T4A and and indicated in the "Other information" area, with code 108.
DT Max will report the pension income on line 13000 and deduct this amount on line 20700 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
[102] Lump-sum payments - non resident serv. trans. to RRSP Enter the lump-sum payments - non-resident services transferred under paragraph 60(j). This amount is included in box 018 of the T4A and and indicated in the "Other information" area, with code 108.
DT Max will report the pension income on line 13000 and deduct this amount on line 20800 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
[108] Lump-sum payments from a RPP that you cannot transfer Enter the lump-sum payments from a registered pension plan (RPP) that you cannot transfer included in box 018 of the T4A and indicated in the "Other information" area, with code 108.
DT Max will report the pension income on line 13000 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
[110] Amount rolled over from a RPP to a RDSP Enter the lump-sum payments amount rolled over from a RPP to a RDSP included in box 018 of the T4A and indicated in the "Other information" area, with code 110.
DT Max will report the pension income on line 13000 and deduct this amount on line 23200 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
[110] Lump-sum payments accrued to 31/12/1971 Enter the lump-sum payments from out of pension plans and DPSPs accrued to December 31, 1971 included in box 018 of the T4A and indicated in the "Other information" area, with code 110 if you are not making a special election.
DT Max will report the pension income on line 13000 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
[158] Lump-sum payments that you cannot transfer Enter the lump-sum that you cannot transfer that are not reported elsewhere included in box 018 of the T4A and indicated in the "Other information" area, with code 158.
DT Max will report the pension income on line 13000 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
[180] Lump-sum payments from a DPSP Enter the lump-sum payments from a deferred profit-sharing plan (DPSP) that you cannot transfer indicated in box 018 of T4A and included in box 018 of the T4A and indicated in the "Other information" area, with code 180.
DT Max will report the pension income on line 13000 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
[190] Lump-sum payments from an unregistered plan Enter the lump-sum payments from an unregistered plan included in box 018 of the T4A and indicated in the "Other information" area, with code 108.
DT Max will report the pension income on line 13000 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
Income-averaging annuity for artists Enter the Income-averaging annuity for artists included in box 018 of the T4A.
DT Max will report the pension income on line 13000 of the federal income tax return. This amount is not eligible for the pension income amount deduction.
DPSP accrued to 31/12/71 election under s.40 Enter the lump sum payments out of pension plans and DPSPs accrued to December 31, 1971 included in box 018 of the T4A and indicated in T4A if you are making a special election.
If you make a special election under section 40 of the Income Tax Application rules (ITAR), 1971, the elected amount will not be included in income on the federal income tax return.
Specified pension plan (SPP) - (spousal contribution)
Select
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
Line 23200 - Other deductions
See the CRA's general income tax guide:
Line 13000 - Other income
Line 23200 - Other deductions
Date of the single payment made under an RPP or a DPSP (RL-2 box C-10).
Enter the annuity payments received for the relevant option as indicated in box 024 of the T4A and box 16 of the T4RSP.
The total of the amounts entered in all the options with Annuities for the T4A must total the amount indicated in box 024 of the T4A.
The total of the amounts entered in all the options with Annuities for the T4RSP must equal the amount indicated in box 16 of the T4RSP.
The following options are applicable for the keyword Annuities.
[111] Income averaging annuity contract (IAAC) Enter the total annuity payments received by the individual under the an income-averaging contract (IAAC) included in box 24 of the T4A.
If the taxpayer is 65 or older, DT Max will report the pension income on line 11500 and the pension income amount deduction on line 31400 of the federal income tax return. If the taxpayer is under 65, the pension will be reported on line 13000 and will not be eligible for the pension income amount deduction.
IAAC - death of spouse Enter the total annuity payments received by the surviving spouse under an income-averaging contract (IAAC) included in box 24 of the T4A.
DT Max will report the pension income on line 11500 and the pension income amount deduction on line 31400 of the federal income tax return.
[115] DPSP annuity payments Choose this option to enter the amount received by the individual under a deferred profit sharing plan that is included in box 24 of the T4A.
If the taxpayer is 65 or older, DT Max will report the pension income on line 11500 and the pension income amount deduction on line 31400 of the federal income tax return. If the taxpayer is under 65, the pension will be reported on line 13000 and will not be eligible for the pension income amount. Do not include in this option amounts received by the surviving spouse.
DPSP annuity payments - death of spouse Choose this option to enter the amount received by the surviving spouse under a deferred profit sharing plan that is included in box 16 of the T4A.
DT Max will report the pension income on line 11500 and the pension income amount deduction on line 31400 of the federal income tax return.
Ordinary pension annuities Enter the total annuity payments received by the individual from an ordinary annuity included in box 24 of the T4A.
If the taxpayer is 65 or older, DT Max will report the pension income on line 11500 and the pension income amount deduction on line 31400 of the federal income tax return. If the taxpayer is under 65, the pension will be reported on line 13000 and will not be eligible for the pension income amount.
Ordinary pension annuities - death of spouse Enter the total annuity payments received by the surviving spouse from an ordinary annuity included in box 24 of the T4A.
DT Max will report the pension income on line 11500 and the pension income amount deduction on line 31400 of the federal income tax return.
Annuity payments from RRSP Enter the total annuity payments received from a RRSP by the deceased annuitant included in box 16 of the T4RSP. Do not include the amount reported by the surviving spouse.
If the taxpayer is 65 or older, DT Max will report the income on line 12900 and the pension income amount deduction on line 31400 of the federal income tax return. If the taxpayer is under 65, the pension will be reported on line 13000 and will not be eligible for the pension income amount deduction.
Annuity payments from RRSP - death of spouse Enter the total annuity payments received from a RRSP by the surviving spouse included in box 16 of the T4RSP.
DT Max will report the income on line 12900 and the pension income amount deduction on line 31400 of the federal income tax return.
Portion - direct or indirect transfer to RRSP
Portion - direct or indirect transfer to RRIF
Select
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
Line 13000 - Other income
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Line 13000 - Other income
Enter the PRPP/VRSP payments as indicated in box 194 of the T4A and in box B of the RL-2.
The following options are applicable for the keyword PRPP.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Enter the self-employment commissions received, as indicated in box 020 of the T4A. This amount must be entered in the Business group. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13900 - Commission income - Net
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the amount of fees for services as shown in box 048 of the T4A slip. This amount must be entered in the Business group. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13900 - Commission income - Net
See the CRA's general income tax guide:
Lines 13499 to 14300 - Self-employment income
Enter the taxable amount of RRIF payments received as reported on the T4RIF slip and indicate the amount that was transferred directly to either another RRSP, a RRIF or other annuity.
The following options are applicable for the keyword Taxable-Amt.
Taxable amounts from a RRIF Taxable amounts are annuity payments received from a RRIF. The amount is indicated in box 16 of the T4RIF Supplementary slip. Do not enter the amount received because your spouse died (choose "Taxable Amounts - death of spouse" for this purpose).
The taxable amounts includes the minimum amount from a RRIF and the excess amount from a RRIF. A yearly minimum amount paid under your RRIF and any amount paid over the minimum amount for a year is the excess amount. The excess amount is reported in box 24 of the T4RSP Supplementary slip for information purposes only and is entered with the keyword Excess-Amt.
Under certain circumstances, you can directly transfer the excess amount from a RRIF. unless received by the surviving spouse, in which case may also be transferred indirectly.
If you received the payments because your spouse died, or you were 65 or older, these payments qualify for the pension income amount.
Taxable amounts from a RRIF - death of spouse If the surviving spouse received annuity payments from a RRIF because spouse died, choose this option to enter the taxable amounts reported in box 16 of the T4RIF Supplementary slip. The payments are considered to be a designated benefit.
The portion of the designated benefit which is eligible for a transfer to a RRSP, RRIF or to an eligible annuity is the excess amount (see Excess-Amt).
These payments qualify for the pension income amount.
Portion - direct or indirect transfer to RRSP/PRPP
Portion - direct or indirect transfer to RRIF
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
Line 13000 - Other income
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Line 13000 - Other income
Choose the relevant option to enter deemed RRIF income.
The following options are applicable for the keyword Deem-RRIFinc.
RRIF deemed received by the annuitant - deceased [18] A deemed receipt of the fair market value of the RRIF property at the time of death. This amount is reported in box 18 of the T4RIF Supplementary slip. This amount does not include the amount designated as a designated benefit per form T1019. DT Max will report this amount on line 13000 of the federal income tax return.
Quebec:
Amounts received or deemed received under a RRIF are shown in box E of the RL-2 slip. These amounts constitute the fair market value (FMV) of the property held in the plan in question at the time of death. As a rule, the FMV of the property in a RRIF at the time of death must be reported on line 122. DT Max will report this amount on line 122 of the Quebec income tax return.
RRIF deemed received paid to the surviving spouse [18] A deemed receipt of the fair market value of the RRIF property at the time of death. This amount is reported in box 18 of the T4RIF Supplementary slip. This amount does not include the amount designated as a designated benefit per form T1019. DT Max will report this amount on line 13000 of the federal income tax return.
Quebec:
Amounts received or deemed received under a RRIF are shown in box E of the RL-2 slip. These amounts constitute the fair market value (FMV) of the property held in the plan in question at the time of death. As a rule, the FMV of the property in a RRIF at the time of death must be reported on line 122 unless amounts are paid to the surviving spouse or to a beneficiary who was a child or grandchild of the deceased and financially dependent on the deceased at the time of death and the rules set out below apply. DT Max will report this amount on line 154 of the Quebec income tax return.
RRIF deemed received by the annuitant -deregistr. [20] A deemed receipt of the fair market value of the RRIF property upon deregistration. This amount is reported in box 20 of the T4RIF Supplementary slip.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
Line 13000 - Other income
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Line 13000 - Other income
Use Ref-Premiums to enter the refund of premiums received by a surviving spouse, according to the T4RSP slip. Indicate the amount that was transferred directly to either another RRSP, a RRIF or other annuity.
The following options are applicable for the keyword Ref-Premiums.
Refund of premiums to spouse Enter the refund of premiums paid to spouse because of annuitant's death indicated in box 18 of the T4RSP whereby the amount was not directly transferred to another RRSP or RRIF or other annuity (Note: the T4RSP slip is issued in the name of the surviving spouse).
DT Max will report this amount on line 12900.
A lump sum payment from an unmatured RRSP of a deceased spouse can only be rolled over by a direct transfer.
Portion - direct or indirect transfer to RRSP A direct or indirect transfer of funds from one Registered Retirement Savings Plan to another. This includes refund of premiums indicated in box 18 of the T4RSP which has been directly or indirectly transferred to another RRSP and commutation payments from an RRSP included in box 22 of the T4RSP which were directly or indirectly transferred to another RRSP.
DT Max will report this amount as a deduction on line 20800 of the federal income tax return.
Portion - direct or indirect transfer to RRIF Choose this option to enter the refund of premiums indicated in box 18 of T4RSP, which was directly or indirectly transferred to a RRIF or other eligible annuity, and to enter the commutation payments from an RRSP included in box 22 of the T4RSP which were directly or indirectly transferred to another RRIF or annuity.
DT Max will report this amount as a deduction line 23200 of the federal income tax return.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12900 - RRSP income (from all T4RSP slips)
See the CRA's general income tax guide:
Line 12900 - Registered retirement savings plan (RRSP) income
Enter the refund of unused contributions as indicated in box 20 of the T4RSP.
The total of the amounts entered in all the options with Ref-Excess must equal the amount indicated in box 20 of the T4RSP.
The following options are applicable for the keyword Ref-Excess.
Refund of unused contributions Choose this option to enter a refund of excess contributions of the client's RRSP. These are amounts contributed to the taxpayer's own RRSP and withdrawn using the T3012A. Where form T3012A has not been used, there will be taxes withheld upon the withdrawal.
This amount is indicated in box 20 of the T4RSP.
The RRSP income is reported on line 12900 of the federal return and the excess refund deduction on line 23200 of the federal return.
Refund of unused contributions - spousal RRSP A refund of excess contributions of the client's spousal RRSP. These are amounts contributed to the taxpayer's spousal RRSP and withdrawn using the T3012A. Where form T3012A has not been used, there will be taxes withheld upon the withdrawal.
This amount may be indicated in box 20 of T4RSP.
The RRSP income is reported on line 12900 of the federal return and the excess refund deduction on line 23200 of the federal return.
Refund of excess contr. deducted in a prev. year A refund of excess contributions of the client's RRSP that were deducted from income in a previous year. These had been contributed to the taxpayer's own RRSP in a previous year and withdrawn using the T3012A.
This amount may be indicated in box 20 of T4RSP.
The RRSP income is reported on the federal income tax return on line 12900.
Refund of excess sp. contr. deducted in prev. yr A refund of excess contributions of the client's spousal RRSP plan that were deducted from income in a previous year. These amounts have been contributed to the taxpayer's spousal RRSP and withdrawn using the T3012A.
This amount may be indicated in box 20 of T4RSP.
The RRSP income will be reported on the federal return on line 12900.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12900 - RRSP income (from all T4RSP slips)
Line 23200 - Other deductions
See the CRA's general income tax guide:
Line 12900 - Registered retirement savings plan (RRSP) income
Line 23200 - Other deductions
Spouse or common-law partner social insurance number.
T4RSP
If yes is ticked in box 24, the contributor spouse or common-law partner may have to include in income part or all of the amounts in boxes 20, 22, or 26.
T4RIF
If yes is ticked in box 26, the contributor spouse or common-law partner may have to include in income part or all of the amounts in boxes 20 or 24, if any.
This information will be use to complete Form T2205, Amounts from a Spousal or Common-law Partner RRSP, RRIF or SPP to Include in Income.
Spouse's or common-law partner's social insurance number.
T4RSP
If the SIN of the spouse or common-law partner who made the contributions is shown in box 36, the contributor spouse or common-law partner may have to include in his/her income part or all of the amounts in boxes 20, 22, or 26.
T4RIF
If the SIN of the contributor spouse or common-law partner is shown in box 32, the contributor spouse or common-law partner may have to include in his/her income part or all of the amounts in boxes 20 or 24, if any.
This information will be used to complete Form T2205, Amounts from a Spousal or Common-law Partner RRSP, RRIF or SPP to Include in Income.
Use the appropriate option in the keyword Withdrawal.t to enter the amounts of withdrawals and commutation payment indicated in box 22 of the T4RSP.
Indicate the portion of the amount that was directly transferred to another RRSP or RRIF by choosing the options "Portion - direct transfer to RRSP" and "Portion - direct transfer to RRIF" respectively.
The following options are applicable for the keyword Withdrawal.t.
Withdrawal and commutation payments Lump sum payments from a RRSP reported in box 22 of the T4RSP.
Do not enter amounts rolled over via a direct transfer.
DT Max will report this amount on line 12900 of the federal income tax return.
Early spousal withdrawals This option includes "Early spousal withdrawals."
This is income of the taxpayer for amounts that he/she contributed to a spousal RRSP, but which his spouse withdrew less than three years after the amounts were contributed to the Spousal RRSP.
Enter the amount of a early spousal withdrawal included in box 22 of the T4RSP. DT Max will report this amount on line 12900 of the federal income tax return.
Portion - direct or indirect transfer to RRSP A direct or indirect transfer of funds from one Registered Retirement Savings Plan to another. This includes refund of premiums indicated in box 18 of the T4RSP which has been directly or indirectly transferred to another RRSP and commutation payments from an RRSP included in box 22 of the T4RSP which were directly or indirectly transferred to another RRSP.
DT Max will report this amount as a deduction on line 20800 of the federal income tax return.
Portion - direct or indirect transfer to RRIF Choose this option to enter the refund of premiums indicated in box 18 of T4RSP, which was directly or indirectly transferred to a RRIF or other eligible annuity, and to enter the commutation payments from an RRSP included in box 22 of the T4RSP which were directly or indirectly transferred to another RRIF or annuity.
DT Max will report this amount as a deduction line 23200 of the federal income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12900 - RRSP income (from all T4RSP slips)
See the CRA's general income tax guide:
Line 12900 - Registered retirement savings plan (RRSP) income
Use this keyword to enter the amount of the RRSP withdrawal for purposes of the lifelong learning plan (LLP). DT Max will report that amount on line 26300 in Part E of federal schedule 7. The amount will not be included in income if the total of withdrawals in the year does not exceed $10,000 or if your client doesn't fall under any of the exceptions.
The following options are applicable for the keyword LLP-Withdr.t.
Choose the relevant option to enter deemed RRSP income.
The following options are applicable for the keyword Deem-RRSPinc.
Amounts deemed received on deregistration [26] Enter the amount of deemed receipt on deregistration as indicated in box 26 of the T4RSP. DT Max will report this amount on line 12900 of the federal income tax return.
Amounts deemed received on death [34] Enter the "deemed receipt on death" amount included in box 34 of the T4RSP that is considered to be received by the deceased taxpayer. This amount does not include the amount designated as a refund of premiums per form T2019.
DT Max will report the amount entered with this option on line 12900 of the federal income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12900 - RRSP income (from all T4RSP slips)
See the CRA's general income tax guide:
Line 12900 - Registered retirement savings plan (RRSP) income
Use the keyword HBP-Withdraw to enter the amount withdrawn from an RRSP by an eligible individual participating in the home buyers' plan.
This amount will not be included as income, but will be reported on line 24700 in Part E of federal schedule 7.
The following options are applicable for the keyword HBP-Withdraw.
Enter the amount of other income as indicated in box 26 of T3, box 14 of T5, box 35 of T4PS, box 028 of T4A, box 28 of T4RSP and box 22 of T4RIF. Enter any deductions (amounts shown in box 28 of T4RSP and box 22 of T4RIF) as negative amounts.
T3:
DT Max will subtract any amount in box 31 from the amount in box 26 and include the difference on line 13000 of the return.
T4A:
Where to enter the amount from a T4A Box 048 depends on the nature of the services rendered by the individual and if these services were provided in the course of conducting a business. For example, this may be income for a corporation (T2) if the services were rendered through the individual's corporate business activity.
First determine the nature of the services rendered and subsequently enter this income on the most appropriate line number on the T1 income tax return (if applicable). In order to report this income on line 13000 of the T1 (line 154 Quebec), in a T4A slip, use the Other-Income.t keyword option "[048] 130 Other income (specify)". If it is business income, enter the amount in a Business group. Finally, if it is employment income, enter the amount under the OthEmployInc keyword.
T4PS:
Note
If you are a specified employee (T4PS Box 40 = yes) and contributions your employer made to an EPSP are allocated to you, you may have to pay tax on the amount that is considered an excess amount.
Tax on excess employees profit-sharing plan (EPSP) amounts
You may have to pay a tax if you are a specified employee (an employee dealing with an employer in a non-arm's length relationship or with a significant equity interest in their employer) and contributions your employer made to an EPSP allocated to you for the year exceed a threshold equal to 20% of the employment income from the employer for the year. Use the keyword SpecifiedEmployee to calculate the threshold and tax payable on this excess amount on Form RC359, Tax on Excess Employees Profit- Sharing Plan Amounts. DT Max will report the amount from line 10 of Form RC359 on line 41800 of the return. If this tax applies, you may be eligible to claim a deduction on line 22900 of the return.
The following options are applicable for the keyword Other-Income.t.
Other income
Portion - Communal organization (entered in business)
Portion - Foreign retirement income [G-4]
Portion - Income-averaging annuity for artists [G-9]
Portion - Tax deducted at source on the inc.-averag. [G-10]
[028] F13000 Other income
[104] F10400 Research grants Enter the research grants indicated in box 104 in the "Other information" section of the T4A. DT Max will report this amount on line 10400 of the federal income tax return.
Enter any expenses related to the above-mentioned research grant under the keyword Footnotes.t within the same keyword group using the option "Note - Expenses related to research grant".
[105] F13010 Scholarships, bursaries, fellowship Enter the scholarships, bursaries, fellowships, artists' project grants, and prizes indicated in box 105 in the "Other information" section of the T4A.
Post-secondary school scholarships, fellowships, or bursaries are not taxable if they are received for an enrolment in a program that entitles the taxpayer to claim the full-time education amount. If the taxpayer is not eligible for the full-time or part-time education amount, DT Max will reduce this amount by $500 and report the net amount on line 13010 of the federal income tax return.
[105] F13010 Elementary & sec. school scholarships Enter the scholarships, bursaries, fellowships, artists' project grants, and prizes indicated in box 105 in the "Other information" section of the T4A.
Elementary and secondary school scholarships and bursaries are not taxable.
[105] F13010 Part-time program scholarships Enter the scholarship, fellowship, or bursary received in connection with a part-time program for which you can claim the part-time education amount in respect of that program, the scholarship exemption is equal to the amount of tuition paid for the program plus the costs of program-related materials. This amount is indicated in the "Other information" section of the T4A. In order to correctly calculate the exempt portion of the scholarship, fellowship or bursary use PartTime-Program.
You may also be able to claim up to an additional $500 as a scholarship exemption
[105] F13010 Post-doctoral fellowships
[105] F13010 Artists' project grants Enter the artists' project grant indicated in box 105 in the "Other information" section of the T4A. If the taxpayer received an artists' project grant, whether separately from or in addition to other scholarship income, that he used in producing a literary, dramatic, musical, or artistic work (other than a grant received for work completed as part of a business or employment), you may claim the scholarship exemption to reduce the total amount that must be included in your income as scholarship income.
You have to include in the income for the year the total of the artists' project grants that is greater than your scholarship exemption.
Expenses associated with the artists project grants Enter the expenses associated with the artists' project grant. The expense allowed is the lesser of each artists' project grant received and the expenses associated with that grant.
[106] F13000 Death benefits Enter the death benefits received by the beneficiary indicated in box 106 in the "Other information" section of the T4A. This amount is the gross amount of any payment (including a payment to a surviving spouse, common-law partner, heir, or estate) on or after the death of an employee to recognize the employee's service in an office or employment.
Use the keyword Death-Allow to obtain the death benefit exemption. The maximum exemption allowed is $10,000.
DT Max will report the amount, net of the exemption, on line 13000 of the federal income tax return.
[107] F10400 Payments from a wage-loss repl. plan Enter the payments from wage loss replacement plan indicated in box 107 in the "Other information" section of the T4A. DT Max will report this amount on line 10400 of the federal income tax return.
[109] F13000 Periodic payments from unregist. plan Enter pension benefits you paid from a pension fund or plan that is not registered indicated in box 109 in the "Other information" section of the T4A.
DT Max will report this amount on line 13000 of the federal income tax return.
[116] F13000 Medical travel assistance Enter the amount of "medical travel assistance" as indicated in box 116 in the "Other information" area at the bottom of the T4A slip. This entry is a memo only and is not reported on the tax return (Canada Revenue Agency use only).
To obtain the Northern residents deduction, the footnote amount must also be entered with the keyword Travel-Exp in the sub-group Travel within the NorthernDeduct group.
[117] F13000 Loan benefits Enter the benefits of a loan that a person or partnership received indicated in box 117 in the "Other information" section of the T4A.
DT Max will report this amount on line 13000 of the federal income tax return.
[117] F13000 Loan benefits to a shareholder Enter the benefits of a loan received as a shareholder indicated in box 117 in the "Other information" section of the T4A.
Box 117 of the T4A slip includes the amount of the benefits related to a shareholder loan. This amount will be added as investment income (under subsection 15(1) ITA) for the purposes of Form T936 - Cumulative Net Investment Loss (CNIL).
DT Max will report this amount on line 13000 of the federal income tax return.
[118] F10400 Medical premium benefits Enter the premiums you pay as a contribution to a provincial or territorial health services insurance plan for a retired employee indicated in box 118 in the "Other information" section of the T4A..
DT Max will report this amount on line 10400 of the federal income tax return.
[119] F10400 Premiums paid to a group term life insur. plan Enter any benefit for employer-provided group term life insurance when the benefit is conferred by a former employer or reported by another party on behalf of the employer or former employer indicated in box 119 in the "Other information" section of the T4A. DT Max will report this amount on line 10400 of the federal income tax return.
[123] F13000 Payments from a revoked DPSP Enter any payments made from a revoked DPSP indicated in box 123 in the "Other information" section of the T4A. DT Max will report this amount on line 13000 of the federal income tax return.
[125] F13000 Disabil. ben. paid out of a superann. Enter any disability benefits paid out of a superannuation or pension plan. These payments are not subject to payroll deductions (CPP/QPP, EI, PPIP, and income tax) indicated in box 125 of the T4A.
DT Max will report this amount on line 13000 of the federal income tax return.
[127] F10400 Veterans' benefits Enter amounts received in the year on account of an earnings loss benefit, supplementary retirement benefit or permanent impairment allowance payable to the taxpayer under Part 2 of the Canadian Forces Members and Veterans Re-establishment and Compensation Act indicated in box 127 in the "Other information" section of the T4A.
DT Max will report this amount on line 10400 of the federal income tax return.
[129] F13000 Tax deferred cooperative share Enter all tax deferred cooperative shares issued by an agricultural cooperative in the year indicated in box 129 in the "Other information" section of the T4A.
DT Max will report this amount on line 13000 of the federal income tax return.
[130] F13000 Apprenticeship incentive grant Enter apprenticeship incentive grants paid to registered apprentices who have successfully completed their first or second year/level (or equivalent) of an apprenticeship program in a Red Seal trade indicated in box 130 in the "Other information" section of the T4A.
DT Max will report this amount on line 13000 of the federal income tax return.
[130] F13000 Apprenticeship completion grant Enter apprenticeship completion grants paid to registered apprentices who have completed their apprenticeship training in a Red Seal trade indicated in box 130 in the "Other information" section of the T4A.
DT Max will report this amount on line 13000 of the federal income tax return.
[131] F12500 Registered disability savings plan Use this option to enter the registered disability savings plan received in the year. This amount is indicated in box 131 in the "Other information" section of T4A and box O of RL-1.
DT Max will report this amount on line 12500 of the federal income tax return and on line 278 of the Quebec return.
[132] F10400 Wage Earner Protection Program Enter payments paid to workers due to employer bankruptcy or insolvency indicated in box 132 in the "Other information" section of the T4A.
DT Max will report this amount on line 10400 of the federal income tax return.
[133] F11500/F13000 Variable pension benefits Enter variable pension benefits paid out of a money purchase RPP indicated in box 133 in the "Other information" section of the T4A.
DT Max will report this amount on line 11500 if the taxpayer was 65 years of age or older on December 31, 2023 of the federal income tax return otherwise DT Max will report this amount on line 13000 of the federal income tax return.
[133] F11500 Variable payment life annuity
[134] F13000 Tax-Free Savings Account (TFSA) Enter the Tax-Free Savings Account (TFSA) indicated in box 134 in the "Other information" section of the T4A. This amounts represent the amount paid during the exempt period to a beneficiary who is a resident of Canada; also amounts that are required to be included in the income of a former TFSA trust in its first taxable year (for example, any post-death income or gains that were not paid out to beneficiaries during the exempt period).
DT Max will report this amount on line 12100 of the federal income tax return.
[136] F13000 Comp. to cope for death of a child
[150] F13000 Labour adjustment benefits Act
[152] F10400 Supplementary employment insur. ben. Enter the supplementary employment insurance benefit indicated in box 028 of the T4A. DT Max will report this amount on line 10400 of the federal income tax return.
[154] F13000 Cash award or prize from payer
[156] F10400 Bankruptcy settlement
[196] F25600 Tuition assistance for adult basic education Enter the Tuition assistance for adult basic education indicated in box 196 in the "Other information" section of the T4A. This amount represents the amount of funding or other financial assistance the employer paid on behalf of the individual for tuition fees for the individual's adult basic education training provided under a program established under the authority of the Department of Employment and Social Development Act (such as the Canada Job Grant program). This amount, which is eligible for the adult basic education tuition assistance deduction, is also included in Code 105.
Generally, adult basic education is primary or secondary level education, or other forms of training where tuition fees paid for the training would not be eligible in calculating the tuition tax credit. For example, training provided by an educational institution that is not certified by Employment and Social Development Canada.
DT Max will report at line 25600 the amount of tuition assistance that is higher than the scholarship exemption you can claim for this tuition assistance.
[197] F13000 Can. emerg. response benefit (CERB)
[198] F13000 Can. emerg. student benefit (CESB)
[199] F13000 CESB for student with disability
[200] F13000 Prov./Terr. COVID-19 financial assis. payments
[200] F13000 Prog. to retain essential workers
[201] F23200 Repayments related to Fed. COVID-19
[201] F23200 Repayment of CWLB COVID-19
[201] F23200 Repay. of retain essential workers
[201] F23200 Repayments related to Prov. COVID-19
[202] F13000 Canada Recovery Benefit (CRB)
[203] F13000 Can. Rec. Sickness Benefit (CRSB)
[204] F13000 Can. Rec. Caregiving Benefit (CRCB)
[205] F13000 One-time payment for older seniors
Memo [210] Postdoctoral fellowship income
[211] F13000 Can. worker lockdown Benefit (CWLB)
F10400 Other taxable employment benefit
F13000 Inc. suppl. under government work-incentive project This amount is not included on the information slip but it permits you to enter the portion of the benefits received that is considered to be "eligible" for the calculation of child care earned income, when applicable.
F13000 Maternity allowance
F13000 Other assistance
F13000 Other indemnities - industrial accident
F13000 Training allowance - employment insurance Enter the training allowance under the Employment insurance Act indicated in box 028 of the T4A. DT Max will report this amount on line 13000 of the federal income tax return.
F13000 End of career allowance (line 154)
F13000 End of career allowance (sch. L line 28)
F13000 Annuity payments from RPP & DPSP Enter the DPSP annuity payments indicated in box 028 of the T4A. DT Max will report this amount on line 10400 of the federal income tax return.
F13000 Indemnity for particip. in clinical trials Use this option to enter the amount included as an indemnity for participating in clinical trials. This amount is indicated in box 130 in the "Other information" section of T4A and box O of RL-1.
DT Max will report this amount on line 13000 of the federal income tax return and on line 154 of the Quebec tax return. DT Max will report a deduction up to a maximum of $1,500 on line 250 of the Quebec tax return.
Other income included in business income (memo)
Profit sharing plan income Enter the amount of employee profit sharing plan benefit that may be indicated in box 35 of the T4PS. DT Max will report this amount on line 10400 of the federal income tax return.
Profit sharing plan income with QPP contributions (D-1) Enter the amount allocated under a profit sharing plan in respect of which QPP contributions were made. This amount is indicated in box 35 of the T4PS and is reported on line 10400 of the federal income tax return.
The Quebec equivalent amount is indicated in the centre of RL-25 with respect to box D: "Box D : amounts allocated or paid, in respect of which QPP contributions were made". This amount will be reported on line 101 of the Quebec income tax return.
Income earned after death (Quebec) Enter the amount of income earned after death. T4RSP : This amount appears in box 28 of the T4RSP and is reported on line 12900 of the federal return.
The Quebec equivalent appears in box K of RL-2. This amount will be reported on line 154 of the Quebec return.
T4RIF : This amount appears in box 22 of the T4RIF and is reported on line 13000 of the federal return.
The Quebec equivalent appears in box K of RL-2. This amount will be reported on line 122 of the Quebec return.
Amount rolled over from a deceased RRSP to a RDSP
Amount rolled over from a deceased RRIF to a RDSP
RRIF income of deceased annuitant (Fed. L11500)
Other income
Portion - Actual amount of eligible dividends [E-1]
Portion - Actual amount of ordinary dividends [E-2]
Other income (deduction)
Select
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12500 - Registered disability savings plan income
Line 13000 - Other income
Line 13010 - Taxable scholarship income and research grants
Line 23210 - Federal COVID-19 benefits repayment
See the CRA's general income tax guide:
Line 13000 - Other income
Line 13010 - Taxable scholarships, fellowships, bursaries, and artists' project grants
Use the keyword Excess-Amt to enter the excess amount indicated in box 24 of the T4RIF. This is the amount of the payment received in excess of the minimum yearly amount which can, under certain circumstances, be transferred directly. This amount is already included in box 16 of the T4RIF (see Taxable-Amt). It is intended for information purposes only.
Use the keyword Foreign-Inc. to enter the type and amount of foreign income as indicated on the T-slip.
Enter the name of the country where this income was earned with the keyword Country.t in this group. For more information, refer to the keyword Country.t .
See Foreign-Inc for more details on the foreign tax calculation.
The following options are applicable for the keyword Foreign-Inc..
Foreign income - dividends Choose this option to enter foreign source dividend income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.
Enter the amount of foreign dividend income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 135 of the T5013.
DT Max will report this amount on line 121 of the federal income tax return and on line 13000 of the Quebec income tax return.
Enter the amount of taxes paid on the foreign dividend income that may be reported in box 16 of the T5, box 34 of the T3, box 39 of the T4PS and in the "Details" section of the T5013 regarding box 171.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - interest Choose this option to enter foreign source interest income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.
Enter the amount of foreign source interest income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or the T5013.
DT Max will report this amount on line 12100 of the federal income tax return and on line 13000 of the Quebec income tax return.
Enter the amount of foreign taxes paid on the foreign interest that may be reported in box 16 of the T5, box 34 of the T3, box 39 of the T4PS and in the "Details" section of the T5013 regarding box 171.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - rental Choose this option to enter foreign source rental income or the taxes paid on such income as reported on a T5013.
Enter the amount of foreign net rental income (loss) indicated in box 111 of the T5013. This amount is already included in box 110 of the T5013.
This entry is required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Enter the amount of foreign taxes paid on the foreign rental income that is reported in the "Details" section of the T5013 regarding box 171.
Foreign income - business Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3 or a T5013.
Enter the amount of foreign business income as indicated in box 24 of the T3 and on the T5013.
The amount from box 24 of the T3 will be reported on line 13500 of the federal return.
The amount from the T5013 is already included in box 116 of the T5013.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3 and in box 172 of the T5013.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - capital gains Choose this option to enter foreign source capital gains (losses) or the taxes paid on such gains as reported on a T4PS or a T5013.
Enter the amount of foreign capital gains that may be reported in box 38 of the T4PS or box 156 of the T5013.
The amount of foreign capital gains from box 156 of the T5013 is already included in box 151. Hence, this amount is entered with both Cap-Gains and Foreign-Inc, but is included in income only once.
The amount in box 38 of the T4PS slip is already included in box 34 of the T4PS. Hence, this amount is entered with both the Cap-Gains and Foreign-Inc keywords, but will only be included in income once.
Enter the amount of taxes paid on the foreign capital gains that may be reported in box 39 of the T4PS or in box 171 of the T5013.
The entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - other Choose this option to enter other foreign source income or the taxes paid on such income that is reported on a T4PS.
Enter the amount of other foreign source income such as foreign unemployment compensations that may be reported in box 37 of the T4PS.
The amount in box 37 of the T4PS slip is already included in box 35 (other income) of the T4PS. Hence, this amount is entered with both the Other-Income.t and Foreign-Inc keywords, but will only be included in income once.
The entry in Foreign-Inc will be used to determine the foreign tax credit and deduction available.
This amount will be reported as other income on line 10400 of the T1 and on line 101 or 104 of the TP1.
Enter the amount of taxes paid on the other foreign source income that may be reported in box 39 of the T4PS.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12100 - Interest and other investment income
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Enter the name of the country on the following basis:
DT Max considers the United States to be country by default. The countries identified by (*) are those that have a tax treaty with Canada.
DT Max will calculate the foreign tax credits and deductions on a country-by-country basis.
Note: You may only identify one country per T-Slip group. If an information slip reports foreign income from multiple foreign countries, enter the income from each foreign country in a separate T-Slip group.
Use the keyword . to enter the type and amount of foreign income tax paid, as indicated on the T-slip.
The following options are applicable for the keyword Foreign-Tax..
Foreign income - dividends Choose this option to enter foreign source dividend income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.
Enter the amount of foreign dividend income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 135 of the T5013.
DT Max will report this amount on line 121 of the federal income tax return and on line 13000 of the Quebec income tax return.
Enter the amount of taxes paid on the foreign dividend income that may be reported in box 16 of the T5, box 34 of the T3, box 39 of the T4PS and in the "Details" section of the T5013 regarding box 171.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - interest Choose this option to enter foreign source interest income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.
Enter the amount of foreign source interest income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or the T5013.
DT Max will report this amount on line 12100 of the federal income tax return and on line 13000 of the Quebec income tax return.
Enter the amount of foreign taxes paid on the foreign interest that may be reported in box 16 of the T5, box 34 of the T3, box 39 of the T4PS and in the "Details" section of the T5013 regarding box 171.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - rental Choose this option to enter foreign source rental income or the taxes paid on such income as reported on a T5013.
Enter the amount of foreign net rental income (loss) indicated in box 111 of the T5013. This amount is already included in box 110 of the T5013.
This entry is required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Enter the amount of foreign taxes paid on the foreign rental income that is reported in the "Details" section of the T5013 regarding box 171.
Foreign income - business Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3 or a T5013.
Enter the amount of foreign business income as indicated in box 24 of the T3 and on the T5013.
The amount from box 24 of the T3 will be reported on line 13500 of the federal return.
The amount from the T5013 is already included in box 116 of the T5013.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3 and in box 172 of the T5013.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - capital gains Choose this option to enter foreign source capital gains (losses) or the taxes paid on such gains as reported on a T4PS or a T5013.
Enter the amount of foreign capital gains that may be reported in box 38 of the T4PS or box 156 of the T5013.
The amount of foreign capital gains from box 156 of the T5013 is already included in box 151. Hence, this amount is entered with both Cap-Gains and Foreign-Inc, but is included in income only once.
The amount in box 38 of the T4PS slip is already included in box 34 of the T4PS. Hence, this amount is entered with both the Cap-Gains and Foreign-Inc keywords, but will only be included in income once.
Enter the amount of taxes paid on the foreign capital gains that may be reported in box 39 of the T4PS or in box 171 of the T5013.
The entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - other Choose this option to enter other foreign source income or the taxes paid on such income that is reported on a T4PS.
Enter the amount of other foreign source income such as foreign unemployment compensations that may be reported in box 37 of the T4PS.
The amount in box 37 of the T4PS slip is already included in box 35 (other income) of the T4PS. Hence, this amount is entered with both the Other-Income.t and Foreign-Inc keywords, but will only be included in income once.
The entry in Foreign-Inc will be used to determine the foreign tax credit and deduction available.
This amount will be reported as other income on line 10400 of the T1 and on line 101 or 104 of the TP1.
Enter the amount of taxes paid on the other foreign source income that may be reported in box 39 of the T4PS.
Use the keyword Canada-TaxTreaty.t to specified if the country signed a tax treaty with Canada? If yes, a deduction under 20(11) will not be allowed on taxes withheld that exceed the applicable tax treaty rate. There is the list of the countries with which Canada has signed a tax treaty, from the website Click here (date modified: December 1, 2016) and for which the deduction 20(11) will not be granted by DT Max:
Tax treaties in force (93)
Algeria
Argentina
Armenia
Australia
Austria
Azerbaijan
Bangladesh
Barbados
Belgium
Brazil
Bulgaria
Cameroon
Chile
China (PRC)
Colombia
Croatia
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
Estonia
Finland
France
Gabon
Germany
Greece
Guyana
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Ivory Coast
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Korea, Rep of
Kuwait
Kyrgyzstan
Latvia
Lithuania
Luxembourg
Malaysia
Malta
Mexico
Moldova
Mongolia
Morocco
Netherlands
New Zealand
Nigeria
Norway
Oman
Pakistan
Papua New Guinea
Peru
Philippines
Poland
Portugal
Romania
Russia
Senegal
Serbia
Singapore
Slovak Republic
Slovenia
South Africa
Spain
Sri Lanka
Sweden
Switzerland
Taiwan
Tanzania
Thailand
Trinidad & Tobago
Tunisia
Turkey
Ukraine
United Arab Emirates
United Kingdom
United States
Uzbekistan
Venezuela
Vietnam
Zambia
Zimbabwe
Use the keyword . to enter the foreign tax treaty amount that is exempt from Canadian tax. This information is provided in the "Details" section of the T5013.
The following options are applicable for the keyword For-Treaty..
Foreign income - dividends Choose this option to enter foreign source dividend income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.
Enter the amount of foreign dividend income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 135 of the T5013.
DT Max will report this amount on line 121 of the federal income tax return and on line 13000 of the Quebec income tax return.
Enter the amount of taxes paid on the foreign dividend income that may be reported in box 16 of the T5, box 34 of the T3, box 39 of the T4PS and in the "Details" section of the T5013 regarding box 171.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - interest Choose this option to enter foreign source interest income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.
Enter the amount of foreign source interest income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or the T5013.
DT Max will report this amount on line 12100 of the federal income tax return and on line 13000 of the Quebec income tax return.
Enter the amount of foreign taxes paid on the foreign interest that may be reported in box 16 of the T5, box 34 of the T3, box 39 of the T4PS and in the "Details" section of the T5013 regarding box 171.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - rental Choose this option to enter foreign source rental income or the taxes paid on such income as reported on a T5013.
Enter the amount of foreign net rental income (loss) indicated in box 111 of the T5013. This amount is already included in box 110 of the T5013.
This entry is required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Enter the amount of foreign taxes paid on the foreign rental income that is reported in the "Details" section of the T5013 regarding box 171.
Foreign income - business Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3 or a T5013.
Enter the amount of foreign business income as indicated in box 24 of the T3 and on the T5013.
The amount from box 24 of the T3 will be reported on line 13500 of the federal return.
The amount from the T5013 is already included in box 116 of the T5013.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3 and in box 172 of the T5013.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Foreign income - capital gains Choose this option to enter foreign source capital gains (losses) or the taxes paid on such gains as reported on a T4PS or a T5013.
Enter the amount of foreign capital gains that may be reported in box 38 of the T4PS or box 156 of the T5013.
The amount of foreign capital gains from box 156 of the T5013 is already included in box 151. Hence, this amount is entered with both Cap-Gains and Foreign-Inc, but is included in income only once.
The amount in box 38 of the T4PS slip is already included in box 34 of the T4PS. Hence, this amount is entered with both the Cap-Gains and Foreign-Inc keywords, but will only be included in income once.
Enter the amount of taxes paid on the foreign capital gains that may be reported in box 39 of the T4PS or in box 171 of the T5013.
The entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Indicate the amount your client has forfeited as a result of withdrawing from a deferred profit-sharing plan, as per box 36 of your client's T4PS slip.
This amount will be reported on line 103 of your client's Quebec return. Use [Alt-J] to enter different values for other jurisdictions.
Choose the relevant option to enter the information provided in the boxes 137 of the T5013 pertaining to the partner's share of business investment loss (BIL) indicated in box 137 of the T5013.
DT Max will deduct the allowable business investment loss on line 21700 of the federal income tax return and line 234 of the Quebec income tax return.
If the taxpayer could not use all of the ABIL due to insufficient income, DT Max will carry forward the unused amount into next year's database as NonCapLossCF. If, on the other hand, the taxpayer was unable to use the full amount because of the restrictions of the reduction in ABIL calculations, this unused amount will be carried forward as Net-Cap-Loss .
The following options are applicable for the keyword Bus-Inv-Loss.
BIL - Business investment losses [137] Use this option to enter the business investment loss (BIL) indicated in box 137 of the T5013 .
DT Max will report this amount on line 21699 of the federal income tax return and use this amount to calculate the allowable business investment loss deduction (ABIL) on line 21700 of the return.
BIL - Proceeds of Disposition [142] Use this option to enter the proceeds of disposition indicated in box 142 of the T5013 regarding the business investment loss (BIL) in box 137. If box 1425 is entered, DT Max will report the amount in this box in a note when DT Max uses the amount in box 137 to calculate the allowable business investment loss deduction (ABIL). The note, is DT Max's in-house form called ABIL schedule.
BIL - Adjusted cost base [143] Use this option to enter the adjusted cost base indicated in box 143 of the T5013 regarding the business investment loss (BIL) in box 137. If box 143 is entered, DT Max will report the amount in this box in a note when DT Max uses the amount in box 137 to calculate the allowable business investment loss deduction (ABIL). The note, is DT Max's in-house form called ABIL schedule.
BIL - Outlays or expenses [144] Use this option to enter the outlays or expenses indicated in box 144 of the T5013 regarding the business investment loss (BIL) in box 137. If box 144 is entered, DT Max will report the amount in this box in a note when DT Max uses the amount in box 137 to calculate the allowable business investment loss deduction (ABIL). The note, is DT Max's in-house form called ABIL schedule.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 21700 - Business investment loss - Allowable deduction
See the CRA's general income tax guide:
Line 22100 - Carrying charges, interest expenses, and other expenses
This is the partner's share of carrying charges that the partnership incurred for earning all investment income. This amount may include carrying charges from both Canadian and foreign sources. If so, indicate the amount from foreign sources with the appropriate option as well as the carrying charges on film, resources and rental, all indicated in box 210 of the T5013. The latter is needed to calculate for AMT (alternative minimum tax) correctly.
Carrying charges in respect of
i) partnership interests of limited partners and specified members ii) investments identified under the tax shelter identification rules and iii) rental/leasing property, film property and resource related deductions
are subject to AMT for the portion of which increases or creates a loss from such investments.
The net business income from Canadian and foreign sources reported in the T5013 is considered to be net income before carrying charges. Carrying charges indicated in box 210 should be deducted from total income on line 22100 of the federal income tax return and line 231 of the Quebec income tax return.
For limited and specified members of a limited partnership, all the carrying charges will be considered for AMT, and calculated against total business income reported in the T5013.
For active members, only the carrying charges from rental/leasing property, film property and resource-related deductions will be taken into account for AMT purposes.
The following options are applicable for the keyword Carry-Charge.
Total carrying charges Enter the total carrying charges indicated in box 210 of the T5013. DT Max will deduct this amount on line 22100 of the federal income tax return and line 231 of the Quebec income tax return.
Portion - rental property Enter the portion of the above carrying charges that represent the amount related to rental or leasing property. This amount will be needed for AMT purposes.
Portion - resources Enter the portion of the above carrying charges that represent the amount related to resource property. This amount will be needed for AMT purposes.
Portion - film Enter the portion of the above carrying charges that represent the amount related to investment in film. This amount will be needed for AMT purposes.
Portion - foreign investment Enter the portion of the above carrying charges that represents the amount related to foreign business and non business income. This amount will be needed for AMT purposes.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22100 - Carrying charges and interest expenses
See the CRA's general income tax guide:
Line 22100 - Carrying charges, interest expenses, and other expenses
Use the keyword PartXII2-Credit.t to enter the amount from box 209 of the T5013 slip. This amount is the Part XII.2 trust tax credit and will be enter on line 45600 of the federal income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 45600 - Part XII.2 trust tax credit (box 38 on all T3 slips)
Use the keyword Comp-Payments to enter the amount from box 145 of the T5013 slip.
This amount is the partner's share of the compensation payments for earning dividend income from a dividend rental arrangement.
Dividend rental arrangement compensation payments indicated in box 145 should be deducted from total income on line 22100 of the federal income tax return and line 231 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22100 - Carrying charges and interest expenses
See the CRA's general income tax guide:
Line 22100 - Carrying charges, interest expenses, and other expenses
Use the keyword OtherInvest.t5 to enter the amount from box 146 of the T5013 slip. This amount is the other investment income. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12100 - Interest and other investment income
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Enter your share of the net business and/or rental loss from the partnership, as indicated in boxes 11 of the T5003 slip.
The following options are applicable for the keyword Loss-Deduction.t.
Limited partnership
Limited partnership - Film
Limited partnership - Resources
Portion attributed as Canadian royalty loss
Use [Alt-J] to enter different values for other jurisdictions.
Enter the patronage payments received as indicated in box 030 of T4A.
If the amount was for goods or services consumed for which the cost could not be deducted when calculating income, use the keyword PatronageNon.t .
Patronage dividends
All patronage dividends received by a customer (including certificates of indebtedness received pursuant to a patronage allocation), with the exception of those with respect to "consumer goods or services", are included in computing the recipient's income pursuant to subsection 135(7) of ITA for the taxation year in which they are received. In all cases where payment has been effected by the payer in any manner whatsoever, the patronage dividend is considered to have been received by the customer.
Where the patronage dividend relates partly to consumer goods or services and partly to other goods or services, but the T4A slip forwarded to the customer by the payer does not show the amount applicable to each class of transaction, the whole of the payment is included in computing the customer's income unless it can be established that a portion of such payment is applicable to consumer goods or services and as such should not be subject to tax.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use the keyword PatronageNon.t to enter the patronage payments received, as indicated in box 030 of T4A, if the amount was for goods or services consumed for which the cost could not be deducted when calculating income.
DT Max will NOT include this amount in computing the individual's income. Use [Alt-J] to enter different values for other jurisdictions.
Enter the RPP past service contributions indicated in box 32 of T4A under the relevant option.
The following options are applicable for the keyword RPP-PastServ.
[032] RPP contributions (past service)
[126] Portion past service for 1989 or earlier (contrib.)
[162] Portion past service 1989 or earlier(not a contr.)
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 20700 - Registered pension plan deduction (box 20 on T4 and box 32 on T4A)
See the CRA's general income tax guide:
Line 20700 - Registered pension plan (RPP) deduction
Enter the pension adjustment amount indicated in box 034 of T4A.
After 1997, RESP contracts may allow, under specified conditions, payments that are neither a refund of contributions nor an educational assistance payment. These payments are called RESP accumulated income payments.
These payments are shown on a T4A slip, box 040, and have to be included in the recipient's income. An additional 20% tax also applies to these payments. However, the amount subject to additional tax may be reduced or eliminated if it is paid to a subscriber or subscriber's spouse, contributed to an RRSP and deducted on the recipient's income tax return for the year it is received.
The following options are applicable for the keyword RESP-Accumul.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
Line 41800 - Additional tax on RESP accumulated income payments (T1172)
See the CRA's general income tax guide:
Line 13000 - Other income
Line 41800 - Special taxes
Enter the amount of RESP educational assistance payments as shown in box 042 of the T4A slip. This amount will be reported on line 13000 of the federal income tax return and on line 154 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use the keyword Patronage-Div to enter the amount of patronage dividends received from a co-operative as indicated in box 9 of RL-15. DT Max will report this amount on line 154 of the Quebec income tax return.
If the note "Deduction for patronage dividends received from a co-operative" appears in the centre of RL-15 followed by an amount, use the keyword Footnotes.t to get a deduction on line 297 of the Quebec tax return.
Enter the source of the royalty income indicated in box 17 of T5 with the amount under the relevant option.
The following options are applicable for the keyword Royalties.t.
Royalties from own work or invention Enter the amount of royalties from a work or invention of which the taxpayer is the author and to which no expense is associated. If expenses are associated with it, the royalty must be reported as income from self-employment. This amount will be reported on line 10400 of the federal income tax return. This amount is shown in box 17 of the T5 slip and box H of the Relevé 3 slip.
For Quebec tax purposes, royalties received are reported on line 130 as other investment income and do not give entitlement to the deduction for copyright income (Q297).
Royalties from investment Enter the amount of royalties received from investment. This amount will be reported on line 12100 of the Federal income tax return and line 130 of the Quebec income tax return. This amount is shown in box 17 of the T5 slip and box H of the Relevé 3 slip.
Royalties from own work or invention ([H-2] elig. for Q297) Enter the amount of royalties from a work or invention of which the taxpayer is the author, this amount is shown in box H-2 of the Relevé 3 (included in the amount in box H of the Relevé 3). This amount will be reported on line 10400 of the federal income tax return.
For Quebec tax purposes, royalties received are reported on line 130 as other investment income. This amount is also eligible for a deduction for copyright income* on line 297, DT Max will complete the Work chart 297.
* In the case of a copyright (of which an artist is the first owner) that may give entitlement to the deduction for copyright income under section 726.26 of the Taxation Act, "H-2" will be entered in one of the RL-3 blank boxes provided to accommodate additional information.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 10400 - Other employment income
Line 12100 - Interest and other investment income
See the CRA's general income tax guide:
Line 10400 - Other employment income
Line 12100 - Interest and other investment income
Enter the amount of capital gains from box 18 of the T5, box 21 of the T3, box 34 of the T4PS, and box 151 of the T5013.
The amount from the T4PS and the T5013 may include capital gains (losses) from both Canadian and foreign sources. The amount from foreign sources is entered both here and with the keyword Foreign-Inc in the T-Slip group, for the purpose of determining the foreign tax credit and deduction available.
T5, T4PS and T5013: DT Max will report the amounts, excluding eligible capital gains, on line 17400 of schedule 3.
T3: DT Max will subtract any amount in box 30 from the amount in box 21 and carry the difference on line 17600 of Schedule 3.
The following options are applicable for the keyword Cap-Gains.
Capital gains or losses Capital gains or losses other than qualified farm property or qualified small business corporation shares.
Enter the amount of the capital gain from dispositions of capital property, other than qualified small business corporation shares and qualified farm property, that is eligible for the capital gain exemption indicated in box 30 of the T3.
DT Max will report the gain on line 17600 of schedule 3 (line 17400 in the case of a T5, a T5013 or a T4PS) and the taxable gain on line 12700 of the federal income tax return.
DT Max will claim the unused amount of the capital gain deduction available to the taxpayer, up to the extent of the eligible gain, on line 25400 of the federal income tax return.
Portion - Split income: C/G deemed to be an ordinary div.
Portion - Split income: C/G deemed to be a foreign dividend
Portion - Foreign capital gain
QSBCS excluding reserves Enter the capital gain from qualified small business corporation shares.
This amount is included in box 21 of the T3 and box 151 of the T5013. It is indicated in the T3 "Footnotes" and in the T5013 "Details" section.
This amount is eligible for the $971,190 lifetime capital gain exemption. DT Max will add the gain to line 10700 of schedule 3, report the taxable gain on line 12700 of the federal income tax return and claim the unused amount of the capital gain deduction available to the taxpayer, up to the extent of the gain, on line 25400 of the federal income tax return.
If the T5013 reports capital gains reserve in box 151, choose this option to enter the capital gains reserve on qualified farm property as indicated in the "Details" section of the T5013. DT Max will report the reserve on line 67060 of form T2017 and line 19200 of schedule 3 of the federal income tax return.
QFFP excluding reserves Enter the capital gain from qualified farm property.
This amount is included in box 21 of the T3 and box 151 of the T5013. It is indicated in the T3 "Footnotes" and in the T5013 "Details" section.
This amount is eligible for the $1,000,000 lifetime capital gain exemption.
DT Max will add the gain on line 11000 of schedule 3, report the taxable gain on line 12700 of the federal income tax return and claim the unused amount of the capital gain deduction available to the taxpayer, up to the extent of the gain, on line 25400 of the federal income tax return.
If the T5013 reports capital gains reserve in box 151, choose this option to enter the capital gains reserve on qualified farm property as indicated in the "Details" section of the T5013. DT Max will report the reserve on line 67060 of form T2017 and line 19200 of schedule 3 of the federal income tax return.
Capital gains (losses) [151] Enter the capital gain from dispositions other than qualified small business corporation shares and qualified farm property.
This amount is included in box 21 of the T3 and box 151 of the T5013 and is not indicated in the T3 "Footnotes" nor in the T5013 "Details" section.
The eligible portion of the capital gain from the T3 is indicated in box 30.
The ineligible portion of the capital gain from the T5013 is indicated in the "Details" section.
DT Max will report the gain on line 17600 of schedule 3 (line 17400 in the case of a T5, a T5013 or a T4PS) and the taxable gain on line 12700 of the federal income tax return.
DT Max will claim the unused amount of the capital gain deduction available to the taxpayer, up to the extent of the eligible gain, on line 25400 of the federal income tax return.
QSBCS capital gains [153]
QFP capital gains [154]
QFP capital gains mortgage foreclosures [155]
Resource properties [RL-15 Box 12-2]
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12700 - Taxable capital gains (Schedule 3)
See the CRA's general income tax guide:
Line 12700 - Taxable capital gains
Enter the amount of capital gains from box 151 of the T5013. The amount of capital gains (losses) from the T5013 may include capital gains (losses) from both Canadian and foreign sources. The amount from foreign sources is entered both here and with the keyword Foreign-Inc in the T-Slip group, for the purpose of determining the foreign tax credit and deduction available.
DT Max will report the amounts, excluding eligible capital gains, on line 17400 of Schedule 3. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of qualified small business corporation shares (QSBCS) capital gains (losses) amount eligible for the capital gains exemption from box 153 of the T5013.
The amount from the T5013 may include capital gains (losses) from both Canadian and foreign sources. The amount from foreign sources is entered both here and with the keyword Foreign-Inc in the T-Slip group, for the purpose of determining the foreign tax credit and deduction available.
DT Max will report the amounts, excluding eligible capital gains, on line 10700 of Schedule 3. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of qualified farm property (QFFP) capital gains (losses) amount eligible for the capital gains exemption from box 154 of the T5013.
The amount from the T5013 may include capital gains (losses) from both Canadian and foreign sources. The amount from foreign sources is entered both here and with the keyword Foreign-Inc in the T-Slip group, for the purpose of determining the foreign tax credit and deduction available.
DT Max will report the amounts, excluding eligible capital gains, on line 11000 of Schedule 3. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of qualified fishing property (QFFP) capital gains (losses) amount eligible for the capital gains exemption from box 154 of the T5013.
The amount from the T5013 may include capital gains (losses) from both Canadian and foreign sources. The amount from foreign sources is entered both here and with the keyword Foreign-Inc in the T-Slip group, for the purpose of determining the foreign tax credit and deduction available.
DT Max will report the amounts, excluding eligible capital gains, on line 11000 of Schedule 3. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of capital gains (losses) from QFFP mortgage foreclosures and conditional sales repossessions eligible for the capital gains deduction from box 155 of the T5013.
The amount from the T5013 may include capital gains (losses) from both Canadian and foreign sources. The amount from foreign sources is entered both here and with the keyword Foreign-Inc in the T-Slip group, for the purpose of determining the foreign tax credit and deduction available.
DT Max will report the amounts, excluding eligible capital gains, on line 12400 of Schedule 3. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of capital gains from box 12-2 of the RL-15.
DT Max will report the amounts, excluding eligible capital gains, on line 17400 of Schedule 3.
This is the eligible taxable capital gains amount on resource property as indicated in box 45 of the RL-15.
DT Max will report the eligible taxable capital gains amount on resource property on lines 27 and 60 of the TP-726.20.2-V, Capital Gains Deduction on Resource Property.
Enter the amount of capital gains eligible for deduction from box 30 of the T3.
DT Max will report this amount on the "Qualified farm property and fishing property" or "Qualified small business corporation shares" sections of federal Schedule 3.
The following options are applicable for the keyword Elig-Cap-Gains.
QSBCS excluding reserves Enter the capital gain from qualified small business corporation shares.
This amount is included in box 21 of the T3 and box 151 of the T5013. It is indicated in the T3 "Footnotes" and in the T5013 "Details" section.
This amount is eligible for the $971,190 lifetime capital gain exemption. DT Max will add the gain to line 10700 of schedule 3, report the taxable gain on line 12700 of the federal income tax return and claim the unused amount of the capital gain deduction available to the taxpayer, up to the extent of the gain, on line 25400 of the federal income tax return.
If the T5013 reports capital gains reserve in box 151, choose this option to enter the capital gains reserve on qualified farm property as indicated in the "Details" section of the T5013. DT Max will report the reserve on line 67060 of form T2017 and line 19200 of schedule 3 of the federal income tax return.
QFFP excluding reserves Enter the capital gain from qualified farm property.
This amount is included in box 21 of the T3 and box 151 of the T5013. It is indicated in the T3 "Footnotes" and in the T5013 "Details" section.
This amount is eligible for the $1,000,000 lifetime capital gain exemption.
DT Max will add the gain on line 11000 of schedule 3, report the taxable gain on line 12700 of the federal income tax return and claim the unused amount of the capital gain deduction available to the taxpayer, up to the extent of the gain, on line 25400 of the federal income tax return.
If the T5013 reports capital gains reserve in box 151, choose this option to enter the capital gains reserve on qualified farm property as indicated in the "Details" section of the T5013. DT Max will report the reserve on line 67060 of form T2017 and line 19200 of schedule 3 of the federal income tax return.
Reserve from a disposition of QSBCS in 2019
Reserve from a disposition of QSBCS in 2020
Reserve from a disposition of QSBCS in 2021
Reserve from a disposition of QSBCS in 2022
Reserve from a disposition of QFFP in 2019
Reserve from a disposition of QFFP in 2020
Reserve from a disposition of QFFP in 2021
Reserve from a disposition of QFFP in 2022
Portion - Split income: QSBCS deemed to be an ordinary div.
Portion - Split income: QFP deemed to be an ordinary div.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12700 - Taxable capital gains (Schedule 3)
See the CRA's general income tax guide:
Line 12700 - Taxable capital gains
T5013 Boxes 152, 159 - Date of disposition
T5013 Box 152 - Last fiscal period's capital gains reserve. This information is used to complete Part 1, Section D of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
T5013 Box 159 - Capital gains reserves. This information is used to complete Part 1, Section D of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
T5013 Boxes 222, 223 - Date of disposition
T5013 Box 222 - Prior year reserves from qualified farm property. This information is used to complete Part 1, Section A of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
T5013 Box 223 - Current year reserves from qualified farm property. This information is used to complete Part 1, Section A of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
T5013 Boxes 222, 223 - Date of disposition
T5013 Box 222 - Prior year reserves from qualified fishing property. This information is used to complete Part 1, Section A of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
T5013 Box 223 - Current year reserves from qualified fishing property. This information is used to complete Part 1, Section A of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
T5013 Boxes 224, 225 - Date of disposition
T5013 Box 224 - Prior year reserves from qualified small business corporation shares (QSBCS). This information is used to complete Part 1, Section B of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
T5013 Box 225 - Current year reserves from qualified small business corporation shares (QSBCS). This information is used to complete Part 1, Section B of Form T2017. Use [Alt-J] to enter different values for other jurisdictions.
Indicate the type of pension annuity income received.
The following options are applicable for the keyword Accrued-Ann.
Accrued income - annuities A pension or life annuity received for reasons other than death of spouse.
Accrued income - death of spouse A pension received by reason of death of spouse. These pensions are eligible for the pension deduction.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
Line 12100 - Interest and other investment income
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Line 12100 - Interest and other investment income
T5 Box 30 - Equity linked notes interest [Fed. L.12100] Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12100 - Interest and other investment income
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Choose the relevant option to enter the taxable CPP or QPP benefits received as indicated in box 20 of T4A(P). The amount on box 20 includes any benefits shown in boxes 14, 15, 16, 17, 18 and 19. It also includes any recovery of CPP/QPP overpayments or payments for arrears. DT Max will report this amount on line 11400 of the federal income tax return and line 119 of the Quebec income tax return.
The following options are applicable for the keyword CPP-QPP-Inc.
CPP/QPP retirement benefit [14]/E Retirement pension benefits received from the Canada or Quebec Pension Plans (T4A(P), case 14).
CPP/QPP survivor benefit [15]/E Widow's or survivor's benefits received under the Canada or Quebec Pension Plans (T4A(P), case 15).
CPP/QPP disability benefit [16]/E Disability pension benefits received from the Canada or Quebec Pension Plans. These disability pensions are now considered earned income for the RRSP contribution limit purposes (T4A(P), case 16).
CPP/QPP child benefit [17]/E Child's benefits received (by children) under the Canada or Quebec Pension Plans (T4A(P), case 17).
CPP/QPP death benefit [18]/E Death benefits paid by the CPP or QPP (T4A(P), case 18), if you received this amount and you are a beneficiary of the deceased person's estate, you can choose to report it on line 11400 of your own return or on a T3 Trust Income Tax and Information Return for the estate. Do not report it on the deceased person's individual return. The taxes payable may be different, depending on which return you use. For more information, see Guide T4013, T3 Trust Guide.
For Quebec income tax purposes, do not include a death benefit in the income of the deceased. The amount of the benefit must be reported in the Trust Income Tax Return (form TP-646-V), regardless of to whom the cheque was made payable. However, if the death benefit is the only income to be reported in the trust return, the return need not be filed; instead, the beneficiary or beneficiaries of the estate must include it in their income. If you are a beneficiary, enter such an amount on line 154 of your income tax return and indicate code « 08 » in box 153.
These benefits are not eligible for the $10,000 death allowance deduction.
CPP/QPP post-retirement benefit [19]/E
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11400 - CPP or QPP benefits (box 20 on the T4A(P) slip)
Line 11410 - Disability benefits incl. on line 11400 (box 16 on the T4A(P) slip)
See the CRA's general income tax guide:
Line 11400 - CPP or QPP benefits
Use PensionMonth to enter the number of months that your client received CPP / QPP benefits if he was below age 71. The number of months used in prorating is indicated on the T4A(P) slip.
Enter the net old age security (OAS) pension as indicated in box 24 of the T4A(P) and box 18 of the T4A(OAS).
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11300 - Old Age Security pension (box 18 on the T4A(OAS) slip)
See the CRA's general income tax guide:
Line 11300 - Old age security (OAS) pension
Enter the overpayment recovered as indicated in box 20 of T4A(OAS). DT Max will report this amount on line 23200 of the federal income tax return and line 246 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 23200 - Other deductions
See the CRA's general income tax guide:
Line 23200 - Other deductions
Enter the net supplements paid, whether positive or negative, as indicated in box 21 of the T4A(OAS) slip.
If the amount is positive,
i) it will be reported on line 14600 of the federal return and added to total income,
ii) it will be included in the deductions on line 25000 in order to be excluded from net income.
If the amount is negative, it will not show in the federal return.
For a Quebec resident.
If the amount is positive,
i) it will be reported on line 148 of the TP-1 return and added to total income,
ii) it will be included in the deductions on line 295 in order to be excluded from taxable income.
If the amount is negative,
i) it will be reported as positive on line 246 of the TP-1 return and excluded from net income,
ii) it will be included as positive on line 276 in order to be added to taxable income.
For more information regarding the federal guaranteed income supplement, please consult Service Canada's website at .
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14600 - Net federal supplements (box 21 on the T4A(OAS) slip)
If the amount in box 21 of the T4A(OAS) slip includes a retroactive payment, please enter the amount in this keyword Retro-Supplements . For the purposes of calculating the premium payable under the Québec prescription drug insurance plan (Schedule K), for the situations mentioned in codes 27, 28, 29 and 31, when reference is made to the line 148 (code 07) of your Quebec return, the part of the Net federal supplements paid which comes from a retroactive amount should not be included.
Use the keyword # to enter the non-resident account number indicated on the NR4. This account number will be reported on the NR5 form.
Use the keyword Employer-Ref to enter the amount refunded to the employer as per box 12 of the T4A-RCA. This amount will not be entered on the tax return. However, if the amount received represents a contribution an employer made to the Retirement Compensation Arrangement (RCA) that was deductible under paragraph 20(1)(r) of the Income Tax Act, the taxpayer HAS TO include the amount in computing income from a business or property in the year the amount is received from the RCA. To do so, please use the keyword Business (if you have not already considered this amount while calculating income from a business or property). Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Employee-Ref to enter the refund of contributions made by the taxpayer or another beneficiary. This amount will be included on line 13000 of the federal income tax return and on line 154 of the Quebec tax return. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use the keyword Distributions to enter the amount paid as benefits from the RCA.
If the amount in box 16 relates to the taxpayer's employment, it will be included on line 13000 of the federal tax return and on line 154 of the Quebec tax return. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use the keyword Life-Annuity to enter the amount of distributions eligible for pension income splitting from the T4A-RCA box 17. This amount is included in Box 16 and is consists of the payments made in the year to the individual out of or under a retirement compensation arrangement that provide benefits that supplement the benefits provided under a registered pension plan (other than an individual pension plan for the purposes of Part LXXXIII of the Income Tax Regulations).
If the taxpayer was 65 years of age or older on December 31, 2023 (or on the date of death), the amount in box 17 will be included on line 68026 of the federal T1032 - Joint Election to Split Pension Income for 2023.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use the keyword Selling-Price to indicate the amount received for selling an interest in the RCA. This amount will be included on line 13000 of the federal tax return and on line 154 of the Quebec tax return. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use the keyword Other-Inc.rca to enter amounts resulting from certain RCA trust transactions. This amount will be included on line 13000 of the federal tax return and on line 154 of the Quebec tax return.
If the employer contributed to this RCA, the eligible portion received as a retiring allowance from this RCA may be transferred to an RRSP or an RPP.
The following options are applicable for the keyword Other-Inc.rca.
Eligible retiring allowance These retirement allowances, received upon retirement or subsequently, are in recognition of an employee's length of service or as compensation for the loss of employment. These are eligible for transfer into RRSPs, and are transferred by DT Max to the limit of this client's RRSP contributions. This amount may be found in box 66 of the T4 or in box 20 of the T4A-RCA.
Portion - direct or indirect transfer to RRSP/PRPP Use this option to enter the amount of retiring allowance which was directly or indirectly transferred to a RRSP. DT Max will report this amount on lines 2 and 24640 of federal Schedule 7 and will include it as a deduction on line 20800 of the federal income tax return.
Portion - transfer to RRSP/PRPP (January February 2023 ) Use this option to enter the amount of retiring allowance which was directly or indirectly transferred to a RRSP during the first 60 days of the year, only if this transfer is included in the unused RRSP contributions as shown on the latest notice of assessment. This transferred amount should also be included in the undeducted contributions. DT Max will report this amount or the amount shown in the Undeducted-Contr keyword, whichever is the less, on line 24640 of federal Schedule 7 and will include it as a deduction on line 20800 of the federal income tax return.
Note: If the amount transferred to an RRSP during the first 60 days of the year is not already included in the unused contributions, then select the option "Portion - direct or indirect transfer to RRSP/PRPP" instead.
Portion - direct or indirect transfer to RPP Use this option to enter the amount of retiring allowance which was directly or indirectly transferred to a RPP. DT Max will report this amount as a deduction on line 20700 of the federal income tax return.
Other income
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use the keyword RCA-Deduction to claim a deduction on line 23200 of the federal tax return and on line 250 of the Quebec tax return.
If you include an amount from box 14, 16, or 20 in your client's income, he/she may be eligible to claim a deduction on line 23200 of his/her income tax and benefit return, equal to either A or B below, whichever is less.
A= the total amount from this RCA that you include in income this year
B= (C minus D)
C= the total of amounts transferred from another RCA, plus - if your client contributed amounts directly to this RCA that were non-deductible: the amounts he/she contributed to this RCA before the end of the year while it was an RCA. Do not include employee contributions shown in box 20 of your client's T4 slip. Those amounts are usually deductible on line 20700 of his/her income tax and benefit return;
- if your client bought an interest in an RCA: amounts he/she paid before the end of the year while he/she was a resident of Canada to acquire an interest in the RCA; and
- if your client sold an interest in an RCA: amounts received or receivable by him/her at a time that he/she was a resident of Canada as proceeds of disposition of an interest in the RCA.
D= the total of amounts transferred to another RCA, and all amounts you deducted in an earlier year for amounts your client received from this RCA. (Do not include a deduction claimed for amounts received out of the RCA as a retiring allowance.) Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 23200 - Other deductions
See the CRA's general income tax guide:
Line 23200 - Other deductions
Select the applicable rate of EI (employment insurance) benefits repayment, per box 7 of the T4E slip. If the box 7 is empty, the repayment rate is 0%.
The following options are applicable for the keyword EIB-Rate.
Use EIB-Total to enter total benefits paid. This amount minus the amount in box 18 is reported on line 11900 of the federal income tax return. These benefits may include benefits earned in the previous year but paid in the year shown on this slip. Box 14 includes amounts in boxes 15, 17, 18, 33, and 36.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11900 - Employment Insurance and other benefits (box 14 on the T4E slip)
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
Use EIB-Regular to enter regular and other benefits paid. This amount is included in box 14.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11900 - Employment Insurance and other benefits (box 14 on the T4E slip)
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
Use EIB-Support to enter employment benefits and support measures paid. This amount is included in box 14.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11900 - Employment Insurance and other benefits (box 14 on the T4E slip)
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
Use EIB-Exempt to enter tax exempt benefits. This box applies to Indians registered, or eligible to be registered, under the Indian Act. This amount is included in box 14.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11900 - Employment Insurance and other benefits (box 14 on the T4E slip)
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
Use the keyword Tax-Tuition-Assist to enter the amount of tuition assistance received as per box 20 of the T4E slip.
Use the keyword NonTax-Tuition-Ass to enter the amount of tuition assistance received as per box 21 of the T4E slip.
Use the keyword Contributions.fh to enter the FHSA contributions made in the year. This amount will be entered on line 68931 of Schedule 15.
Use the keyword QualWithdrawals.fh to enter the amount of qualifying withdraws made in the year from the FHSA to buy a qualifying home. This amount will be entered on line 68935 of Schedule 15.
The following options are applicable for the keyword QualWithdrawals.fh.
Use the keyword TaxWithdrawals.fh to enter the taxable withdrawals made in the year from the FHSA. This amount will be entered on line 12905 of the federal return and on line 154 of the Quebec return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12905 - FHSA income
Use the keyword BenDistrReceived to enter the amount of taxable distributions received in the year as a beneficiary upon the death of an FHSA holder. This amount will be entered on line 12906 of the federal return and on line 154 of the Quebec return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12906 - FHSA income - other
Use the keyword DeemedReceived to enter the amount that must be included in the income if property remained in the account when it ceased to be an FHSA or if you are a beneficiary who is entitled to the property that remains in the deceased holder's FHSA at the end of the exempt period. This amount will be entered on line 12905 of the federal return and on line 154 of the Quebec return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12905 - FHSA income
Use the keyword Security-Loan to enter the amount of the fair market value of any property in the FHSA that was used as security for a loan. This amount will be entered on line 12906 of the federal return and on line 154 of the Quebec return.
If the property in the FHSA ceases to be pledged as security for a loan, an amount may be deductible by the holder in the year the property cease to be security for a loan. The deduction (amount shown in brackets) will be entered on line 23200 of the federal return and on line 250 of the Quebec return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12906 - FHSA income - other
Line 23200 - Other deductions
See the CRA's general income tax guide:
Line 23200 - Other deductions
Federal income tax amounts deducted at source.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 43700 - Total income tax deducted
See the CRA's general income tax guide:
Line 43700 - Total income tax deducted
Quebec income tax and health contribution amounts deducted at source.
RL-3 Box 208 - Unclaimed interest account - income tax withheld [Que. L.451].
If the taxpayer was a resident of Quebec on December 31, 2023, and earned income outside Quebec, tax may have been deducted in 2023 for a province or territory other than Quebec.
By default, DT Max will transfer 45% of the federal tax to Quebec. The tax transfer will appear on line 43800 of the federal return and on line 454 of the Quebec return.
Use the keyword Tax-Transf-Que to indicate the amount of tax you wish to transfer. You can transfer up to 45% of the income tax shown on information slips issued outside Quebec.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 43800 - Tax transfer for residents of Quebec
See the CRA's general income tax guide:
Line 43800 - Tax transfer for residents of Quebec
NRIT.t T4E Box 24 - Non resident tax deducted [Fed. L.43700]
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 43700 - Total income tax deducted
See the CRA's general income tax guide:
Line 43700 - Total income tax deducted
T4E Box 26 - Overpayment recovered or repaid.
T4E Box 27 - Reversal of income tax deducted.
Use EIB-CC-EarnedInc to enter the portion of the benefits received that is considered to be "eligible" for the calculation of child care earned income. This amount is not included on the information slip but it permits you to enter the portion of the benefits received that is considered to be "eligible" for the calculation of child care earned income, when applicable.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11900 - Employment Insurance and other benefits (box 14 on the T4E slip)
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
EIB-Repaid T4E Box 30 - Repayment of employment insurance benefits [Fed. L.23200]
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 23200 - Other deductions
See the CRA's general income tax guide:
Line 23200 - Other deductions
Use the keyword EIB-Repaid-Qc to enter a different amount for Quebec for T4E Box 30.
Use the keyword Averaging-Ded to indicate whether Revenu du Québec should determine if it is more advantageous to grant a tax credit with respect to the averaging of the deduction or to use the reimbursement to reduce the 2023 income.
If the option "Yes" is chosen, a code 08 will be entered on line 461 of the Quebec tax return. This code will generate an efile ineligibility diagnostic.
Use EIB-Out-Consolid to enter payments out of the consolidated revenue fund. This amount is included in box 14.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11900 - Employment Insurance and other benefits (box 14 on the T4E slip)
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
Use EIB-PPIP to enter Provincial Parental Insurance Plan benefits. This amount is included in box 14.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11900 - Employment Insurance and other benefits (box 14 on the T4E slip)
Line 11905 - Employment insurance maternity and parental benefits
See the CRA's general income tax guide:
Line 11900 - Employment insurance and other benefits
Use EI-Parental to enter the employment insurance maternity and parental benefits. This amount is included in box 14.
This amount will be carried over to line 11905 of the return. This amount is already included in the income on line 11900 of the return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11905 - Employment insurance maternity and parental benefits
Use the keyword RRSP-Transfers.fh to enter the amount transferred from the RRSPs to the FHSA in the year. This amount will be entered on line 68933 of Schedule 15.
Use the keyword SpRRSP-Transf.fh to enter the amount transferred from the spousal RRSPs to the FHSA in the year. This amount will be entered on line 68933 of Schedule 15.
Use the keyword Design-Transfers to enter the amount of designated transfers from the FHSA to the RRSPs or RRIFs to eliminate an excess FHSA amount. This amount will be entered on line 68934 of Schedule 15.
Use the keyword Design-Withdrawals to enter the amount of designated withdrawals form the FHSA to eliminate an excess FHSA amount. This amount will be entered on line 68932 of Schedule 15.
Specified employee (yes/no)? A specified employee is an individual who is dealing with an employer in a non-arm's length relationship, or who has a significant equity interest (10% or more of any class of shares) in his or her employer.
If the taxpayer is a specified employee, use this amount on box 41 (Employees profit sharing plan contributions) to determine if you have an excess employee profit sharing plan amount and to calculate the corresponding taxes on Form RC359, Tax on Excess Employees Profit-Sharing Plan Amounts.
If the taxpayer is a specified employee and contributions from the employer made to an employees profit-sharing plan (EPSP) are allocated to the taxpayer, he may have to pay tax on the amount that is considered an excess amount.
Generally, a specified employee is an employee who deals with an employer in a non-arm's length relationship or with a significant equity interest in their employer.
Multiple EPSPs
If the taxpayer is a beneficiary under more than one EPSP with the same employer, you will have more than one T4PS slip. Before completing this form, add the amounts from each T4PS and T4 slip and enter the totals, accordingly.
If you have EPSPs from different employers, complete a separate form for each employer.
The total of the amounts from line 7 of each RC359 form will be include on line 22900 of the federal income tax return. In addition, the total of the amounts from line 10 of each RC359 form will be include on line 41800 of the federal return.
The total of the amounts from line 5 of each TP-1129.RI form will be include on line 207 of the Quebec income tax return. Also, the total of the amounts from line 8 of each TP-1129.RI form will be include on line 443 of the Quebec income tax return.
Enter the address of the employer.
Enter the city of the employer.
Enter the province the employer.
Enter the postal code of the employer.
Enter the phone number of the employer.
Use the keyword EPSP-Contrib to enter the amount of contributions from box 41 of the T4PS slip from the same employer. DT Max will enter this amount on line 1 of RC359 form and on line 1 of TP-1129.RI form. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword EPSP-Employ-Inc to enter the employment income from the same employer who made contributions to the EPSP for which the taxpayer received a T4PS slip. Also include wage loss replacement benefits received related to this employment. DT Max will enter this amount on line 2 of RC359 form and on line 2 of TP-1129.RI form. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword EPSP-Oth-EmplInc to enter the other employment income (box 35 of your T4PS slip) related to the employment income reported on line 2. DT Max will enter this amount on line 2 of RC359 form. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword EPSP-OptionBenf to enter the security options benefits (box 38 of the T4 slip) related to the employment income reported on line 2. DT Max will enter this amount on line 3 of RC359 form and on line 3 of TP-1129.RI form. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Separation-Trsf to enter the amount that was directly transferred under a decree, order or judgment of a court, or under a written agreement relating to a division of property arising from the breakdown of a marriage or common-law partnership.
This amount will not be included in income.
This is an amount you transferred to purchase an Advanced Life Deferred Annuity (ALDA). Do not report the amount in your return and do not claim a deduction for the amount transferred.
Tax-paid amounts (for information only).
This amount is indicated in box 31 of the T3 slip. It is the pension amounts transferred to the deceased's beneficiary spouse that qualify for the pension income non refundable tax credit.
DT Max will report this amount on line 11500 of the federal income tax return and claim the eligible pension income amount deduction on line 31400 of the federal income tax return.
This amount is included in box 26 of the T3 as other income. DT Max will reduce amount(s) entered with Other-Income.t by this amount.
The following options are applicable for the keyword Qual-Pen-Inc.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Enter the amount of eligible death benefits received as indicated in box 35 of the T3.
Although this amount is included in box 26 of the T3, this entry is required to indicate that the taxpayer has received an eligible death benefit. To claim a death benefit exemption, use the keyword Death-Allow. DT Max will reduce the death benefit reported as other income on line 13000 of the federal income tax return by the death benefit exemption.
The following options are applicable for the keyword Death-Benefits.t.
Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of insurance segregated fund capital losses as indicated in box 37 of the T3. This is the beneficiary's designated portion of allowable capital losses from insurance segregated fund trusts. DT Max will report the amount on line 17600 of schedule 3 of the federal income tax return as a capital loss. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of part XII.2 tax credit as indicated in box 38 of the T3.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 45600 - Part XII.2 trust tax credit (box 38 on all T3 slips)
Choose the relevant option and enter the Canadian and foreign exploration and development expenses indicated on T5013 and T101. Those amounts are use to calculate the allowable deduction for the appropriate resource expense pool on Form T1229, Statement of Exploration and Development Expenses and Depletion Allowance. The amounts will be add at the line called Add: "Other" in Area II for the cumulative Canadian exploration expense (CCEE) pool; cumulative Canadian development expense (CCDE) pool; and cumulative Canadian oil and gas property expense (CCOGPE) pool; or in Area III for the cumulative foreign exploration and development expense pool.
The maximum deduction allowed is 100% of the CCEE pool balance, 30% of the CCDE pool balance, and 10% of the CCOGPE pool balance. If the CCOGPE pool balance is negative, that amount will reduce the CCDE pool. If the CCEE or CCDE pools have a negative balance, the negative amount will be report as income on line 13000 of the income tax and benefit return.
The following options are applicable for the keyword Resource-Add.
CEE - Canadian exploration expenses Enter the Canadian exploration expenses (CEE). This may be indicated in box 173 of the T5013, box 120 of the T101. This amount may also be found in boxes 28 and 29 of RL-15 and boxes A and B of RL-11.
Also enter the deemed Canadian exploration expenses indicated in box 11 of the T101.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 27 through 30 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box A of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
CDE - Canadian development expenses Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013 and box 12 of the T101. This amount may also be found in boxes 30 and 31 of RL-15 and box B of RL-11.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 13000 of the federal income tax return and line 150 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 30 through 31 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(B) of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
COGPE - Canadian oil and gas property expenses Enter the Canadian oil and gas property expenses (COGPE). This may be indicated in box 175 of the T5013 and box 13 of the T101. This amount may also be found in box 30 of RL-15 and box C of RL-11.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 22400 of the federal income tax return and line 241 of the Quebec income tax return. The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If the COGPE pool balance before the claim is negative, DT Max will automatically reduce the CDE pool by this amount.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian oil and gas property expenses (COGPE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35(32) of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the COGPE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(C) of RL-11 for Quebec tax purposes. DT Max will reduce the COGPE pool by this amount.
FEDE - foreign exploration and development expenses Enter the foreign exploration and development expenses (FEDE). This may be indicated in box 176 of the T5013.
This amount is added to the beginning of year FEDE pool balance. DT Max will claim the greater of i) 10% of the FEDE pool or ii) foreign resource income on line 22400 of the federal income tax return.
The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Foreign Exploration and Development expenses (FEDE). Note that the T5013 supplementary slip does not report this amount separately. Do not enter it unless the FEDE net amount, net of assistance, is different between the federal and the Quebec.
CRCE - Canada renewable and conservation expenses
QEE - Quebec exploration expenses (10%)
QEE-SM - Que. surface mining expl. exp. (10%)
[226] Repaid assistance of CEE
[227] Repaid assistance of CDE
[228] Repaid assistance of CCOGPE
Accelerated CDE
Accelerated COGPE
QEE - that do not qualify for the additional deduction
Renewable and conservation expenses incurred in Québec
Québec development expenses
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22400 - Exploration and development expenses (T1229)
See the CRA's general income tax guide:
Line 22900 - Other employment expenses
This is the partner's share of recaptured earned depletion from box 177 of the T5013, which is included in the net income or loss reported in the T5013. This entry is a memo only. Use [Alt-J] to enter different values for other jurisdictions.
Choose the relevant option and enter the amount of adjustments or assistance received for Canadian exploration and development expenses.
The T5013 reports the Canadian exploration expense (CEE), Canadian development expense (CDE) and Canadian oil & gas property expense (COGPE) excluding assistance. The Quebec RL-15 reports each of these separately. The amounts in these boxes are used to calculate the allowable deduction for your appropriate resource expense pool. The assistance amount will be added to the line called Deduct: "Other" in Area II on Form T1229 and will be deducted from the CCEE, CCDE, or CCOGPE pools.
If the CEE, CDE and COGPE amounts reported federally (on the T5013) do not match the net amount reported for Quebec purposes (RL-15), enter 0 for federal assistance (T5013) and use [Alt-J] to enter the Quebec assistance amount reported on the RL-15.
The following options are applicable for the keyword Resource-Ass.
CEE - Canadian exploration expenses Enter the Canadian exploration expenses (CEE). This may be indicated in box 173 of the T5013, box 120 of the T101. This amount may also be found in boxes 28 and 29 of RL-15 and boxes A and B of RL-11.
Also enter the deemed Canadian exploration expenses indicated in box 11 of the T101.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 27 through 30 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box A of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
CDE - Canadian development expenses Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013 and box 12 of the T101. This amount may also be found in boxes 30 and 31 of RL-15 and box B of RL-11.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 13000 of the federal income tax return and line 150 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 30 through 31 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(B) of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
COGPE - Canadian oil and gas property expenses Enter the Canadian oil and gas property expenses (COGPE). This may be indicated in box 175 of the T5013 and box 13 of the T101. This amount may also be found in box 30 of RL-15 and box C of RL-11.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 22400 of the federal income tax return and line 241 of the Quebec income tax return. The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If the COGPE pool balance before the claim is negative, DT Max will automatically reduce the CDE pool by this amount.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian oil and gas property expenses (COGPE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35(32) of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the COGPE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(C) of RL-11 for Quebec tax purposes. DT Max will reduce the COGPE pool by this amount.
QEE - Quebec exploration expenses (10%)
QEE-SM - Que. surface mining expl. exp. (10%)
[229] Amount receivable of CEE
[230] Amount receivable of CDE
[231] Amount receivable of CCOGPE
[232] Proceeds of disposition of CDE
[233] Proceeds of disposition of CCOGPE
Accelerated CDE
Accelerated COGPE
Enter the issue expenses related to Quebec resources as indicated in box 65 of RL-15 and box H of RL-11. DT Max will report this amount on line 297 of the Quebec income tax return.
Enter the federal contributions indicated in boxes 184 and 185 of the T5013. The province is indicated in the box 185 of the T5013. These contributions may be deductible if the partnership has a business with a permanent establishment in that province.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 40900 - Total federal political contributions
See the CRA's general income tax guide:
Line 40424 - Federal tax on split income
Enter the amount of investment cost or expenditures eligible for an ITC pursuant to box 40 of the T3 slip and the applicable investment tax credit code number from Box 43.
Only a graduated rate estate or a communal organization that is deemed to be an inter vivos trust can complete boxes 40, 41 and 43. A separate T3 slip for each designation to beneficiaries will be prepare for each type of property or expenditure made by the trust in the year that is eligible for the investment tax credits (ITC).
The amount from the T3 provides the portion of the trust's investment (ineligible property acquisitions or eligible expenditures) upon which the beneficiary can claim an investment tax credit.
DT Max will calculate the ITC on form T2038 and claim the amount on line 41200 of the federal income tax return.
The following options are applicable for the keyword ITC-Invest.
[67120] 15% ITC Qualified expenditures for SR&ED Qualified expenditures that are part of the SR&ED qualified expenditure pool To be a qualified expenditure, the amount has to be for SR&ED carried on in Canada. SR&ED expenditures in Canada include the "exclusive economic zone" (as defined in the Oceans Act to generally consist of an area that is within 200 nautical miles from the Canadian coastline), the airspace, seabed, and subsoil of that zone.
Qualified expenditures can include an amount incurred in the year in respect of SR&ED carried on by you, or on your behalf, that relate to your business and is: - a current expenditure on SR&ED;
- 80% of an expenditure in respect of an SR&ED contract or a third-party payment for SR&ED; or
- an expenditure for depreciable property used by the taxpayer, that is first term and second term shared-use-equipment, primarily for SR&ED in Canada before February 2, 2017. Excludes prescribed depreciable property that is shared-use-equipment acquired by a taxpayer before 2014 to be used for one or two operating periods, primarily for SR&ED in Canada. See subsections 127(9) and 37(1) of the Act and Regulations 2900(11).
ITC rate for a qualified expenditure - For a qualified SR&ED expenditure incurred during 2013, the rate is 20%. You must fill in a 2013 version of Form T2038(IND) for this claim.
- For a qualified SR&ED expenditure incurred after 2013, the rate is 15%.
[67130] 15% ITC Contr. made to agricultur. org. SR&ED Agricultural producers can access ITCs earned on contributions made to agricultural organizations that fund SR&ED. Enter the amount on line 67130 in Part A. The rate is 15%.
[67140] 10% ITC Investments in qualified property Atlantic Canada and Atlantic region For the purposes of the Atlantic Investment Tax Credit, these expressions include the Gaspé Peninsula and the provinces of Newfoundland and Labrador, Prince Edward Island, Nova Scotia, and New Brunswick, as well as their respective offshore regions (prescribed in Regulations 4609).
Gaspé Peninsula
For the purposes of the Atlantic Investment Tax Credit, this expression means that portion of the Gaspé region of the Province of Quebec that extends to the western border of Kamouraska County and includes the Magalen Islands (prescribed in subsection 127(9) of the Act).
Qualified property
For the purposes of the Atlantic Investment Tax Credit, this term means a category of new assets acquired primarily for use in the Atlantic region that are mainly used for farming or fishing, logging, manufacturing and processing, storing grain, and harvesting peat. Qualified property includes new buildings, new machinery and new equipment (prescribed in Regulations 4600). Qualified property can also be used primarily to produce or process electrical energy or steam in a prescribed area (as described in Regulations 4610).
Property used mainly in Atlantic Canada for oil and gas, and mining activities is considered qualified property only if acquired by the taxpayer before March 29, 2012. Qualified property may also include new energy generation and conservation property (prescribed in Regulations 4600) if it was acquired by the taxpayer after March 28, 2012.
For more information, see the definition of qualified property in subsection 127(9) of the Act. Specified percentages for qualified property - If you acquired the property after 1994 for use in the Atlantic region, the specified percentage is 10%.
[67180] 10% ITC Apprenticeship job creation Apprenticeship job creation tax credit (AJCTC),br> A percentage of eligible salary and wages payable to an employee registered in a prescribed trade in Canada in the first 24 months of their eligible apprenticeship contracts registered in Canada, qualifies for a credit for the employer. The available credit for each eligible apprentice is 10% of the lesser of $20,000 and eligible salary and wages payable in the year (net of any government or non-government assistance), in respect of employment after May 1, 2006. The total of these amounts for all apprentices is the available non-refundable tax credit. Any unused credit may be carried back 3 years or carried forward 20 years.
Select
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41200 - Investment tax credit (T2038(IND))
Line 45400 - Refund of investment tax credit (T2038(IND))
See the CRA's general income tax guide:
Line 45355 - Multigenerational home renovation tax credit (MHRTC)
Enter the amount of investment eligible for an ITC pursuant to box 186 of the T5013 slip.
DT Max will calculate the ITC on form T2038 and claim the amount on line 41200 of the federal income tax return.
The following options are applicable for the keyword ITC-Invest.t.
[67135] ITC from a partnership for SR&ED An ITC earned by a partnership is usually allocated to a partner. However, an ITC earned on qualified SR&ED expenditures may not be allocated to a specified partner of a partnership. If you received an allocation of ITC from a partnership, enter this allocated credit on line 67135 in Part A. For more information, see subsection 127(8) of the Act.
[67193] Recapture - ITC on SR&ED expenditures at 15% Amount of expenditure on which ITC is recaptured at 15%. Do not enter more than the amount of the original expenditure
[67195] Recapture - ITC on SR&ED expenditures at 20% Amount of expenditure on which ITC is recaptured at 20%. Do not enter more than the amount of the original expenditure
Select
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41200 - Investment tax credit (T2038(IND))
Line 45400 - Refund of investment tax credit (T2038(IND))
See the CRA's general income tax guide:
Line 45355 - Multigenerational home renovation tax credit (MHRTC)
Enter the amount of investment tax credit (ITC) from box 41 of the T3 slip as well as the ITC from box 186 of the T5013.
Note that this entry is not required. DT Max will calculate this amount on form T2038 based on the investment amount and code indicated with the keyword ITC-Invest in this group.
If the relevant information is not available under ITC-Invest, this amount will be indicated on the T2038 without the investment amount or code related to the ITC credit.
If both ITC-Invest and ITC-Credit are entered, the investment amount, code and credit will be included on form T2038. The credit will be limited to the maximum amount allowable for the particular investment according to the code.
DT Max will report the credit determined on form T2038 on line 41200 of the federal income tax return.
The ITC on the T3 indicates the beneficiary's share of investment tax credit based on the portion of the trust's investment in eligible property acquisitions or eligible expenditures.
The ITC on the T5013 indicates the total amount of the investment tax credit allocated to the partner of a partnership.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41200 - Investment tax credit (T2038(IND))
Line 45400 - Refund of investment tax credit (T2038(IND))
See the CRA's general income tax guide:
Line 45355 - Multigenerational home renovation tax credit (MHRTC)
Enter the partner's portion of eligible research and development expenditures as indicated in the "Details" section of the T5013 for the investment tax credit amount. This entry will be carried over to line 3 of form T1129 .
Enter the partner's portion of eligible research and development expenditures as indicated in the "Details" section of the T5013 for the investment tax credit amount. This entry will be carried over to line 5 of form T1232.
Choose the relevant option and enter the amount of research and development expenditures as indicated in box 25 of RL-15.
The following options are applicable for the keyword SR&ED-Que.
Salaries and wages paid in Quebec (20%) Enter the salary and wages paid in Quebec that qualify as Quebec R&D expenditures as indicated in box 25 of RL-15. DT Max will claim 20% of this amount as a R&D credit on line 462 of the Quebec income tax return.
Salaries and wages paid in Quebec (17.5%) Enter the salary and wages paid in Quebec that qualify as Quebec R&D expenditures as indicated in box 25 of RL-15. DT Max will claim 17.5% of this amount as a R&D credit on line 462 of the Quebec income tax return.
This amount appears in RL-16 box M. This amount represents a distribution or return of capital from the trust.
If the amount is positive, it normally corresponds to a distribution of capital or a non taxable benefit. This amount must be deducted from the adjusted cost base (ACB) of the participation.
If it is negative, it must be added to the ACB.
This amount appears in RL-15 box 43. This is the amount of adjustment of the cost base of the participation. in the capital. It normally corresponds to a distribution of capital or a non taxable benefit. This amount must be deducted from the adjusted cost base (ACB) of the participation.
Other credits - Amount for Form T1129 for Newfoundland and Labrador or Form T1232 for Yukon.
The following options are applicable for the keyword Other-Credits.t.
Pension income qualifying for an eligible annuity for a minor - This amount is already included in box 26. For more information, see the guide RRSPs and Other Registered Plans for Retirement. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Retiring allowance qualifying for transfer to an RPP or RRSP - This amount is already included in box 26. For more information, see the guide RRSPs and Other Registered Plans for Retirement.
The following options are applicable for the keyword Retir-Allowance.
Eligible retiring allowance These retirement allowances, received upon retirement or subsequently, are in recognition of an employee's length of service or as compensation for the loss of employment. These are eligible for transfer into RRSPs, and are transferred by DT Max to the limit of this client's RRSP contributions. This amount may be found in box 66 of the T4 or in box 20 of the T4A-RCA.
Portion - direct or indirect transfer to RRSP/PRPP Use this option to enter the amount of retiring allowance which was directly or indirectly transferred to a RRSP. DT Max will report this amount on lines 2 and 24640 of federal Schedule 7 and will include it as a deduction on line 20800 of the federal income tax return.
Portion - transfer to RRSP/PRPP (January February 2023 ) Use this option to enter the amount of retiring allowance which was directly or indirectly transferred to a RRSP during the first 60 days of the year, only if this transfer is included in the unused RRSP contributions as shown on the latest notice of assessment. This transferred amount should also be included in the undeducted contributions. DT Max will report this amount or the amount shown in the Undeducted-Contr keyword, whichever is the less, on line 24640 of federal Schedule 7 and will include it as a deduction on line 20800 of the federal income tax return.
Note: If the amount transferred to an RRSP during the first 60 days of the year is not already included in the unused contributions, then select the option "Portion - direct or indirect transfer to RRSP/PRPP" instead.
Portion - direct or indirect transfer to RPP Use this option to enter the amount of retiring allowance which was directly or indirectly transferred to a RPP. DT Max will report this amount as a deduction on line 20700 of the federal income tax return.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Enter the amounts indicated in box 182 and 183 of the T5013, box 046 of the T4A and box 13 of the T5003 with the appropriate option. Each T5003 can contain only one option for the donations.
The following options are applicable for the keyword Donations.t.
Gifts to registered charities and other qualified donees Use this option to indicate Canadian and enter the amount of the donations made in the current year and the name of recipient with the keyword Amount. Include all donations for the current year, even if they surpass the 75% of net income maximum.
You may choose this option to enter the amount of the indicated in box 103 of the T5013 and box 046 of the T4A.
Any unclaimed amount will be carried forward automatically by DT Max. If you are entering data for a new client, enter charitable donation carryforwards with the keyword Donations-CF for the relevant year.
Donations should be entered in the file of the client whose name appears on the receipt. This enables DT Max to correctly assign these deductions to the spouse or spouses desired and to put the carryforwards in the files accordingly. See the Optimize group.
This amount is reported on line 1 of federal Schedule 9. In Quebec, this amount could either be reported on Workchart 395 or on Schedule V. On the federal, it is limited to 75% of net income, but you may limit or override the claim with the keyword Claim-Fed-OV.d.
Gifts of work of art to a Quebec museum If, after March 14 2000, you donated a work of art to a museum located in Quebec or a recognized museum, the amount used to calculate the credit will be multiplied by 125% on the Quebec tax return.
This amount is reported on line 1 of federal Schedule 9 and on Quebec Schedule V. You may limit or override the claim with the keyword Claim-Fed-OV.d.
Gifts of musical instruments Use this option to identify donations of musical instruments made to a general educational establishment (public or private, primary, secondary, college or university) or to an establishment that is part of the Conservatoire de musique et d'art dramatique du Québec network.
Gifts to government Use this option to indicate that these gifts to government entities (Government of Canada, provinces or territories, municipal or public bodies performing a function of government in Canada). Enter the value of the gift using the keyword Amount.
You may use this option to indicate a partner's share of any donation made to Canada or to a province, including the donation of cultural property, as per box 103 of the T5013.
Any unused portion is automatically carried forward to the following year.
Do not use this option for amounts carried forward from previous years. Carryforwards will be calculated by DT Max and used automatically when feasible. If you are entering data for a client not currently in your DT Max database, enter gift carryforwards from past years using the keyword Donations-CF.
This amount is reported on line 1 of federal Schedule 9 and on Quebec Schedule V. On the federal, this amount is limited to 75% of net income. You may limit or override the claim with the keyword Claim-Fed-OV.d.
Gifts should be entered in the file of the client whose name appears on the receipt. This enables DT Max to correctly assign these deductions to the chosen spouse and to put the carryforwards in the files accordingly. See the Optimize group.
Gifts of certified cultural property Use this option to identify cultural gifts.
Unlike other donations, your total eligible amount claimed for these types of gifts is not limited to a percentage of net income.
Certification by the Canadian Cultural Property Export Review Board (CCPERB) is necessary if you want to treat the donation as a gift of cultural property. Cultural property may be anything from paintings and sculptures to books and manuscripts to ethnological and decorative art material. It does not have to be of Canadian origin.
Gifts of ecologically sensitive land Use this option to report ecological gifts.
Contrary to what is the case for other donations, the total of the eligible amounts for these gifts is not limited to a percentage of the net income.
Ecologically sensitive land
The Minister of the Environment, or a person designated by that minister, has to certify that the land is important to the preservation of Canada's environmental heritage. The Minister will also determine the fair market value (FMV) of the land.
For a gift of a covenant or an easement, or a real servitude (in Quebec), the FMV of the gift will be the greater of the FMV otherwise determined of the gift or the amount of the reduction of the land's FMV that resulted from the gift.
Attach the certificate issue by the Minister of the Environment (or if the land is located in Quebec, the ministère de l'Environnement du Québec) to the income tax return.
This amount is reported on line 34200 of federal Schedule 9 and on Quebec Schedule V. You may limit or override the claim with the keyword Claim-Fed-OV.d.
Ecologically sensitive land
The Minister of the Environment, or persons designated by the Minister, shall have certified that the land is important to the preservation of Canada's environmental heritage. The Minister also determines the fair market value (FMV) of the land.
For the gift of a covenant or easement to a land or a real servitude in the case of land located in Quebec, the FMV of the gift is the highest of the following amounts: - the FMV of the gift otherwise determined, or
- the amount of reduction of the FMV of the land resulting from the gift.
Attach the certificate issued by the Minister of the Environment (or, if the land is located in Quebec, the ministère de l'Environnement du Québec) to the tax return.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 34900 - Donations and gifts (Schedule 9)
Choose the relevant option and enter the Canadian and foreign exploration and development expenses indicated on T5013 and T101. Those amounts are used to calculate the allowable deduction for the appropriate resource expense pool on Form T1229, Statement of Exploration and Development Expenses and Depletion Allowance. The amounts will be added in the appropriate boxes in Area I of Form T1229.
The following options are applicable for the keyword Renunciation.
CEE - Canadian exploration expenses Enter the Canadian exploration expenses (CEE). This may be indicated in box 173 of the T5013, box 120 of the T101. This amount may also be found in boxes 28 and 29 of RL-15 and boxes A and B of RL-11.
Also enter the deemed Canadian exploration expenses indicated in box 11 of the T101.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 27 through 30 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box A of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
CDE - Canadian development expenses Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013 and box 12 of the T101. This amount may also be found in boxes 30 and 31 of RL-15 and box B of RL-11.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 13000 of the federal income tax return and line 150 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 30 through 31 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(B) of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
QEE - Quebec exploration expenses (10%)
QEE-OG - Que. oil & gas expl. expenses (10%)
Accelerated CDE
Accelerated COGPE
Exploration expenses in the Que. North (Memo)
QEE - that do not qualify for the additional deduction
Renewable and conservation expenses incurred in Québec
Québec development expenses
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22400 - Exploration and development expenses (T1229)
See the CRA's general income tax guide:
Line 22900 - Other employment expenses
Enter the assistance amount of CEE and CDE related to flow-through shares - Boxes 192, 193 of the T5013 slip.
The following options are applicable for the keyword Assistance.
CEE - Canadian exploration expenses Enter the Canadian exploration expenses (CEE). This may be indicated in box 173 of the T5013, box 120 of the T101. This amount may also be found in boxes 28 and 29 of RL-15 and boxes A and B of RL-11.
Also enter the deemed Canadian exploration expenses indicated in box 11 of the T101.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 27 through 30 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box A of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
CDE - Canadian development expenses Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013 and box 12 of the T101. This amount may also be found in boxes 30 and 31 of RL-15 and box B of RL-11.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 13000 of the federal income tax return and line 150 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 30 through 31 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(B) of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
QEE - Quebec exploration expenses (10%)
QEE-OG - Que. oil & gas expl. expenses (10%)
Exploration expenses in the Que. North (Memo)
Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of investment eligible for an investment tax credit pursuant to box 194 of the T5013 slip.
The amount of expenses qualifying for an ITC from box 194 of section 3 of the T5013 slip must be reported on line 67170 of Form T2038(IND). This line corresponds to code 5 and leads to a non refundable credit of 15%.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41200 - Investment tax credit (T2038(IND))
Use the keyword InterestFree to enter the amount in the designated box on form T1229.
The following options are applicable for the keyword InterestFree.
Portion subject to an interest-free period - ITC [195] General partners' share of the reduction subject to an interest-free period. This amount will be entered in the designated box in Area IV on form T1229.
Portion subject to an interest-free period - FEC [196] General partners' share of the reduction subject to an interest-free period. This amount will be entered in the designated box in Area I on form T1229.
Portion subject to an interest-free period - METC [129]
Portion subject to an interest-free period - FEC [130]
Portion subject to an interest-free period - CMETC [123]
Use the keyword Prov-Res-Exp to enter the amounts of expenses qualifying for a provincial tax credit as found on the T5013, boxes 197, 198, 199 and 200. Those amounts are deductible only if they correspond to a province that is required to file a tax return. The amounts will be reported on the provincial tax credit form.
The amounts qualifying for a British Columbia tax credit will be entered on form T1231. DT Max will calculate the credit and enter this amount on line 79 of form BC428.
The amounts qualifying for an Ontario tax credit will be entered on form T1221. The total expenses will be carried to line 63220 of form ON479 to calculate the credit.
The amounts qualifying for a Manitoba tax credit will be entered on form T1241. DT Max will calculate the credit and enter this amount on line 66 of form MB428.
The amounts qualifying for a Saskatchewan tax credit will be calculated by DT Max. The credit will be entered on line 70 of form SK428.
The following options are applicable for the keyword Prov-Res-Exp.
Use the keyword Prov-Res-Exp.t to enter the amounts of expenses qualifying for a provincial tax credit as found on the T101, boxes 141, 143, 144, 145, 151, 153, 154 and 155. Those amounts are deductible only if they correspond to a province for which it is required to file a tax return. The amounts will be reported on the provincial tax credit form.
The amounts qualifying for a British Columbia tax credit will be entered on form T1231. DT Max will calculate the credit and enter this amount on line 79 of form BC428.
The amounts qualifying for an Ontario tax credit will be entered on form T1221. The total expenses will be carried to line 63220 of form ON479 to calculate the credit.
The amounts qualifying for a Manitoba tax credit will be entered on form T1241. DT Max will calculate the credit and enter this amount on line 66 of form MB428.
The amounts qualifying for a Saskatchewan tax credit will be calculated by DT Max. The credit will be entered on line 70 of form SK428.
The following options are applicable for the keyword Prov-Res-Exp.t.
METC British Columbia [Box 141]
METC Saskatchewan [Box 143]
METC Manitoba [Box 144]
METC Ontario [Box 145]
CMETC British Columbia [Box 151]
CMETC Saskatchewan [Box 153]
CMETC Manitoba [Box 154]
CMETC Ontario [Box 155]
Enter the Canadian journalism labour tax credit (CJLTC) as indicated in box 236 of T5013 slip. The Tax Credit for a taxation year will be calculated by applying a rate of 25% to the amount of qualifying labour of a qualified organization in respect of an eligible newsroom employee. The amount of qualifying labour in respect of an eligible newsroom employee will be limited to $55,000, which will provide a maximum tax credit of $13,750 in respect of qualifying labour per employee per year.
DT Max will report this amount on line 47555 of the federal income tax return.
The following options are applicable for the keyword JournalismLabour.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 47555 - Canadian journalism labour tax credit (CJLTC)
Enter the farmer fuel charge tax credit as indicated in box 237 of T5013 slip.
The return of fuel charge proceeds directly to farmers is a refundable tax credit as a means to return fuel charge proceeds under the federal carbon pollution pricing system directly to farming businesses in provinces that do not currently meet the federal stringency requirements (i.e., Ontario, Manitoba, Saskatchewan and Alberta) (referred to as "backstop jurisdictions"), beginning in the 2021-22 fuel charge year.
The amount of the tax credit will be equal to the eligible farming expenses attributable to backstop jurisdictions in the calendar year when the fuel charge year begins, multiplied by the payment rate as specified by the Minister of Finance for the fuel charge year per $1,000 in eligible farming expenses (i.e., $1.47 and $1.73 for 2021 and 2022, respectively).
Eligible farming businesses include corporations, individuals and trusts that actively engage in either the management of, or daily activities related to, the earning of income from farming and incur total farming expenses of $25,000 or more, which are all or partially attributable to backstop jurisdictions, including where the business is carried on through a partnership.
Eligible farming expenses include amounts that are deducted in computing income from farming for tax purposes but do not include deductions in respect of mandatory and optional inventory adjustments and non-arm's length transactions.
The following options are applicable for the keyword FarmerFuelCharge.
ON - Claim credit and include in business income
MB - Claim credit and include in business income
SK - Claim credit and include in business income
AB - Claim credit and include in business income
NS - Claim credit and include in business income
PE - Claim credit and include in business income
NL - Claim credit and include in business income
NB - Claim credit and include in business income
ON - Claim credit only (already included in bus. income)
MB - Claim credit only (already included in bus. income)
SK - Claim credit only (already included in bus. income)
AB - Claim credit only (already included in bus. income)
NS - Claim credit only (already included in bus. income)
PE - Claim credit only (already included in bus. income)
NL - Claim credit only (already included in bus. income)
NB - Claim credit only (already included in bus. income)
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 47556 - Return of fuel charge proceeds to farmers tax credit (T2043)
See the CRA's general income tax guide:
Line 47557 - Air quality improvement tax credit
Enter the ventilation system installation tax credit as indicated in box 238 of T5013 slip.
The ventilation system installation tax credit is a temporary 25% refundable tax credit to encourage small businesses to invest in better ventilation and air filtration to improve indoor air quality.
Eligible entities (e.g., unincorporated sole proprietors with taxable capital employed in Canada of less than $15 million in the preceding taxation year) will be limited to a maximum of $10,000 in qualifying expenditures per qualifying location and a maximum of $50,000 across all qualifying locations incurred between 1 September 2021 and 31 December 2022. These limits will be shared among affiliated entities.
Qualified expenditures will include expenses directly attributable to the purchase, installation, upgrade or conversion of mechanical heating, ventilation and air conditioning systems, and the purchase of standalone devices designed to filter air using high-efficiency particulate air filters.
The following options are applicable for the keyword VentilationSys.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 47557 - Air quality improvement tax credit
Critical mineral exploration tax credit (CMETC). Enter this amount in Area IV on Form T1229.
Portion subject to an interest-free period - CMETC. Enter this amount in Area IV on Form T1229.
Use the keyword Prov-CMETC-Exp to enter the amounts of expenses qualifying for a provincial tax credit as found on the T5013, boxes 241, 242, 243 and 244. Those amounts are deductible only if they correspond to a province that is required to file a tax return. The amounts will be reported on the provincial tax credit form.
The amounts qualifying for a British Columbia tax credit will be entered on form T1231. DT Max will calculate the credit and enter this amount on line 79 of form BC428.
The amounts qualifying for an Ontario tax credit will be entered on form T1221. The total expenses will be carried to line 63220 of form ON479 to calculate the credit.
The amounts qualifying for a Manitoba tax credit will be entered on form T1241. DT Max will calculate the credit and enter this amount on line 66 of form MB428.
The amounts qualifying for a Saskatchewan tax credit will be calculated by DT Max. The credit will be entered on line 70 of form SK428.
The following options are applicable for the keyword Prov-CMETC-Exp.
T5006 Boxes 8, 10 - Net cost of LSVCC shares acquired - registered federally ONLY
The following options are applicable for the keyword LSVCC-ContrF.
Benefits from the Worker's Compensation Board or Commission. DT Max will report this amount on lines 14400 and 25000 of the federal return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14400 - Workers' compensation benefits (box 10 on the T5007 slip)
Line 32600 - Amounts transferred from your spouse or common-law partner (Sch. 2)
Benefits from the Commission des normes, de l'équité, de la santé et de la sécurité du travail. DT Max will report this amount on lines 14400 and 25000 of the federal return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14400 - Workers' compensation benefits (box 10 on the T5007 slip)
Benefits from the Commission des normes, de l'équité, de la santé et de la sécurité du travail. DT Max will report this amount on line 148 of the Quebec return.
Benefits from social assistance or welfare. DT Max will report this amount on lines 14500 and 25000 of the federal return and on line 147 of the Quebec return. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 14500 - Social assistance payments
Line 25000 - Other payments deduction
See the CRA's general income tax guide:
Line 14500 - Social assistance payments
Line 25100 - Limited partnership losses of other years
Use the keyword Govern-Assist to enter the amount of financial assistance received from the government that is similar to last resort benefits, as well as the amount received under the "Solidarité jeunesse" project, from RL-5 box B.
This amount will appear on line 147 of the Quebec tax returns.
Do not enter it under the keyword Social-Assist as it would then double the amount on line 147.
Use the keyword Spouse.r5 to indicate whether the taxpayer had a spouse at the time the social assistance payments were made.
For federal purposes, if the taxpayer was not living with a spouse when he received the social assistance payments, the amount of social assistance payments he has received must be reported on his return.
If the taxpayer did have a spouse at the time, the spouse with the higher net income on line 23600 (excluding these payments and without deducting the amounts from lines 21400 and 23500) must report the social assistance payments on his/her return.
If you lived with your spouse or common-law partner when you received the social assistance payments or provincial or territorial supplements, the spouse or common-law partner with the higher net income has to report this amount. If you and your spouse or common-law partner have the same net income, the person whose name is on the slip has to report this amount. The spouse or common-law partner who reports this amount as income can claim an equivalent deduction on line 25000.
The following options are applicable for the keyword Name-On-Slip.
Family head
Spouse of family head
Income replacement indemnities or compensation for the loss of financial support from the Société de l'assurance automobile du Québec (SAAQ) further to a traffic accident, enter the amount recorded in box D of RL-5.
If your client received income replacement indemnities further to a precautionary cessation of work, enter the amount recorded in box E of RL-5. DT Max will report this amount on lines 148 of the Quebec return.
If your client received income replacement indemnities or compensation for the loss of financial support further to an act of good citizenship or because you were the victim of a crime, enter the amount recorded in box E of RL-5.
Enter the amount of reimbursement of social assistance benefits or similar financial assistance from the government.
This amount appears in boxes H and I of RL-5 and will be used in the calculation of family income on schedules B and C.
This amount is already included in box A of the Quebec copy.
The following options are applicable for the keyword Reimb-Social-Ass.
Enter the amount received to cover child care expenses, as recorded in box J of RL-5.
The program will report it on line 40 of your Quebec schedule C.
Your child care deduction will be reduced accordingly.
Indicate, if applicable, the other financial assistance - RL-5 box K.
Enter the number of days in the year that your client received workers' compensation benefits.
If, under a law of Canada or a province other than Québec, your client received income replacement indemnities based on his/her net employment income (workers' compensation, or indemnities received further to a precautionary cessation of work, an act of good citizenship or a traffic accident or because he/she was the victim of a crime) or compensation for loss of financial support, complete work chart 358.
If the indemnities were reduced (for example, because you held other employment), complete instead form TP-752.0.0.6-V, "Adjustment for Income Replacement Indemnities Received from a Public Compensation Plan Outside Québec". The same gross annual income is used to determine the income replacement indemnities and the indemnities. If the income replacement indemnities are adjusted annually, the gross annual income used to determine the income replacement indemnities must also be adjusted according to the same rules.
Depending of the situation, the amount entered with the keyword Gross-Income.rl5 could appear either on line 1 of workchart 358 or on line 12 of TP-752.0.0.6.
The income replacement rate is the percentage applied to the income insured by the public compensation plan in determining the income replacement indemnities.
Depending of the situation, the amount entered with the keyword ReplacementRate could appear either on line 5 of workchart 358 or on line 14 of TP-752.0.0.6.
If the answer related to the keyword REDUCTION is "yes", other keywords will be shown to complete the form TP-752.0.0.6. Otherwise, if the answer is "no" or if this keyword remain unused, DT Max will complete the work chart 358 instead assuming no reduction have been applied to replacement indemnities calculation.
Usually, an income replacement indemnities reduction appears when those indemnities are received from a public compensation plan outside Québec. The information needed to complete the form TP-752.0.0.6 are not available within the T5007 slip: to obtain these rates, amounts or any other information, contact the organization outside Québec that has paid the indemnities.
The amount entered with the keyword GrossIncomeRed goes on line 1 of the TP-752.0.0.6 form, which is used for the calculation of the adjustment for income replacement indemnities received from a public plan outside Quebec. However, if the indemnities are paid by a Quebec public plan, you should rather be using the Quebec calculation work chart 358.
The annual gross income from a held or suitable employment includes the annual gross income as well as any work income supplement (for instance, disability benefits from the Canada Pension Plan) that is taken into consideration to determine the income replacement indemnities.
Indicate the annual amount used to reduce the replacement indemnities (TP-752.0.0.6, L.9).
The reduction rate of income replacement indemnity is usually 100%, except if only a portion of the income is taken into consideration when calculating the income replacement indemnity. In such case, the applicable reduction rate may match the income replacement rate from the public compensation plan. The keyword Reduction-Rate will allow you to enter the applicable rate.
The determined reduction rate for your indemnities is the percentage applied to reduce the amount of your income replacement indemnities. For example, if, under the public compensation plan, the surviving spouse may receive 60% of the indemnities to which the deceased was entitled, a 40% reduction rate will be considered to have been applied to the income replacement indemnities.
Adjustment for income replacement indemnities received in the year. Consult line 358 of the Quebec income tax guide.
Adjustment for indemnities received for previous years. Revenu Québec will make the necessary adjustments, if applicable. Consult line 358 of the Quebec income tax guide.
The following options are applicable for the keyword Prior-TaxAdjust.
Amount of reimbursed indemnities that exceeds the amount of indemnities received in the year. This amount must be taken into account on lines 246 and 276 of your Quebec income tax return.
Indicate whether or not your client was a recipient under the Social Solidarity Program (SSP) or the Basic Income Program (BIP) and had severe limitations to employment. This information pertains to the adapted work premium. Consult the Quebec income tax guide line 456.
Indicates if the taxpayer received benefits under the Basic Income Program (BIP) and received the monthly adjustment for a single person in addition to the basic benefit. If box Q1 indicates "Yes", you can claim the amount for a person living alone.
Indicates whether or not your client received last-resort financial assistance during 24 of the 30 months preceding the month and year in box T.
Indicates whether or not your client held a claim booklet enabling him/her to receive certain dental and pharmaceutical services for the month in box T.
First month in which your client did not receive last-resort financial assistance because of work income that he/she or his/her spouse earned. It is the first month of your client's period of transition to work.
Month in which the client started receiving last-resort financial assistance again after the beginning of his/her period of transition to work (box T).
Number of months in the year and in the client's period of transition to work during which he/she did not receive last-resort financial assistance. [line 57 of Schedule P].
Box 14 of the T5007 slip applies only to residents of Manitoba who receive benefits from the Employment and Income Assistance program (EIA). If this is the case enter the fraction shown in Box 14 of your slip.
T5007 slips related to other Manitoba benefits, like the 55+ program, or issued by other provinces have no Box 14. You must then enter 1.00 in Box 14.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 47900 - Provincial or territorial credits (Form 479)
See the CRA's general income tax guide:
Line 47900 - Provincial or territorial credits
Use the keyword CIP-Ded to enter the amount from Box G from the RL-7. This amount is the amount giving entitlement to a deduction for the cooperative investment plan (CIP).
CIP = RIC = Cooperative investment plan (Régime d'investissement coopératif)
DT Max will report that amount or the limit, as you may have indicated with the Limit-Ded keyword, on line 26 of form TP-965.39.4-V - Calculation of Deductions for QBICs or the CIP.
DT Max will carryforward the unclaimed amount as QStratInvCFH .
Use the keyword CIP-Amt-InExcess to enter the amount from Box H from the RL-7. This amount is the amount in excess of 100% of the cost of securities.
DT Max will report that amount on line 162 of form TP-776.42-V - Alternative Minimum Tax.
The following options are applicable for the keyword CIP-Amt-InExcess.
Use the keyword Limit-Ded to choose a type of deduction and to set a ceiling to the amount to be claimed.
The following options are applicable for the keyword Limit-Ded.
Use the keyword QStratInvCFH to enter the historical and carryforward amounts for Quebec strategic investments. This entry is only required for new client files. Amounts from previous years are automatically carried forward by DT Max.
The following options are applicable for the keyword QStratInvCFH.
Enter the year and amount of investment.
Use CarryOver.qs to enter the Quebec strategic investment amount to carry forward. For QBICs (SPEQ's), the year of reference is the year of investment. For FTQ's and SR&ED venture capital corporations, the year of reference is the previous tax year.
Indicate if the contribution has been made in the first 60 days of 2024 or in the rest of the current tax year.
The following options are applicable for the keyword Period.
Shares acquired in the FTQ as indicated on the relevé 10 box A. DT Max will calculate and report the eligible credit (15% of the contributions paid) not exceeding $750, on line line 41400 of the federal income tax return and line 424 of the Quebec income tax return.
DT Max will carryforward any unclaimed amount for a Quebec taxpayer under 65 years with the keyword RL10-CF .
Starting in 1996, if the taxpayer is over 55 years old and received retirement income, he's not allowed the credit.
NB: No entry is required for boxes B and D given it is calculated by DT Max. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 20800 - RRSP deduction (Schedule 7)
Line 41300 - Provincial labour-sponsored funds tax credit - Net cost
See the CRA's general income tax guide:
Line 20805 - FHSA deduction
Line 41400 - Labour-sponsored funds tax credit
Enter the tax credit regarding the amount in box A - Box B. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41300 - Provincial labour-sponsored funds tax credit - Net cost
See the CRA's general income tax guide:
Line 41400 - Labour-sponsored funds tax credit
Refund under section 10 of the Act to establish the FTQ, with respect to shares purchased and paid for during the rest of the year (whether or not the shares were issued). This is indicated in box C of the relevé 10.
DT Max will reduce the eligible credit (see Acquisition ) to be reported on line 41400 of the federal income tax return and line 424 of the Quebec income tax return by 15% of the refund amount.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41300 - Provincial labour-sponsored funds tax credit - Net cost
See the CRA's general income tax guide:
Line 41400 - Labour-sponsored funds tax credit
Enter the cancelled tax credit related to box C (15% of the amount in box C) - Box D. Use [Alt-J] to enter different values for other jurisdictions.
Enter the replacement shares not acquired during the period - Box E. Use [Alt-J] to enter different values for other jurisdictions.
Enter the additional income tax related to amount in box E - Box F. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amounts paid during the period for the purchase of shares in Fondaction only - box G. Do not also enter this amount in box A of the RL-10 slip. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41300 - Provincial labour-sponsored funds tax credit - Net cost
See the CRA's general income tax guide:
Line 41400 - Labour-sponsored funds tax credit
Enter the tax credit equal to 15% of the amount in box G - box H. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41300 - Provincial labour-sponsored funds tax credit - Net cost
See the CRA's general income tax guide:
Line 41400 - Labour-sponsored funds tax credit
Enter the amount received from the fund following the redemption of shares - box I. Use [Alt-J] to enter different values for other jurisdictions.
Enter the cancelled tax credit (15% of all or part of the amount in box I) - box J. Use [Alt-J] to enter different values for other jurisdictions.
Enter the replacement shares not acquired during the period - box K. Use [Alt-J] to enter different values for other jurisdictions.
Enter the special tax on the amount in box K - box L1 form Releve 10 or Box 11 from T5006 slip. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41800 - Additional tax on RESP accumulated income payments (T1172)
See the CRA's general income tax guide:
Line 41800 - Special taxes
Enter the special tax on the amount in box K - box L2. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41800 - Additional tax on RESP accumulated income payments (T1172)
See the CRA's general income tax guide:
Line 41800 - Special taxes
Enter the special tax on the amount in box K - box L3. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 41800 - Additional tax on RESP accumulated income payments (T1172)
See the CRA's general income tax guide:
Line 41800 - Special taxes
Indicate whether the shares were acquired from a provincially registered labour-sponsored venture capital corporation (LSVCC) or from a federally registered LSVCC.
The following options are applicable for the keyword Registered-Fund.
Provincially registered LSVCC (15%) The labour-sponsored funds tax credit will be calculated on the federal worksheet 414 and the result will be carried to lines 413 and 414 of the federal income tax return, if applicable.
The shares were acquired from a provincially registered fund. Please specify how the labour-sponsored funds tax credit should be claimed in respect of those shares.
The following options are applicable for the keyword Claim-Fed-Prov.
UFILE_T5006
Use the keyword RRSP-RL10 to enter the amounts spent to acquire FTQ or Fondaction shares that are also deductible as RRSP contributions. Indicate whether the contribution will be attributed to the taxpayer's own plan or to the spousal plan. Do not enter the amount of this contribution with the keyword RRSP .
The following options are applicable for the keyword RRSP-RL10.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 20800 - RRSP deduction (Schedule 7)
See the CRA's general income tax guide:
Line 20805 - FHSA deduction
Enter a reference note for the RL-10.
Use the keyword RL10-CF to enter the amounts of shares acquired from FTQ or FONDACTION in prior years for which the credit has not been claimed yet.
The following options are applicable for the keyword RL10-CF.
FTQ - cost of shares acquired (15%) Use this option to enter the Québec unused portion of the shares acquired from Fonds de solidarité des travailleurs du Québec (FTQ) that is carried forward from previous years. DT Max will report this amount on the appropriate line of the Québec work chart 424.
Fondaction - cost of shares acquired (25%) Use this option to enter the Québec unused portion of the shares acquired from Fondaction (CSN) (eligible for 25% tax credit) that is carried forward from previous years. DT Max will report this amount on the appropriate line of the Québec work chart 424.
Fondaction - cost of shares acquired (20%) Use this option to enter the Québec unused portion of the shares acquired from Fondaction (CSN) (eligible for 20% tax credit) that is carried forward from previous years. DT Max will report this amount on the appropriate line of the Québec work chart 424.
Fondaction - cost of shares acquired (15%)
Cost of shares acquired in first 60 days of 2023 (Federal) Use this option to enter the federal unused portion of the shares acquired in the first 60 days of the year that is carried forward. DT Max will report this amount on the appropriate line of the federal worksheet 414.
Info-Only.rl10 RL-10 - Show keyword for information only
Indicator - Resale in a retirement context (R) or disability context (I).
The following options are applicable for the keyword Indicator.rl10.
Indicator - Home Buyers' Plan (HBP)? (yes/no)
The following options are applicable for the keyword HBP-Indicator.
Indicator - Lifelong Learning Plan (LLP)? (yes/no)
The following options are applicable for the keyword LLP-Indicator.
RRSP contract number.
Transfer - Amount received during the year.
RRSP receipt number.
RRSP receipt date.
Use Advance-Work to enter the advanced payments of the tax credit for work premium or the adapted work premium as indicated in box A of the relevé 19. DT Max will report this amount on line 441 of the Quebec income tax return.
Use Advance-Suppl to enter the advanced payments of the supplement to the work premium as indicated in box B of the relevé 19. DT Max will report this amount on line 441 of the Quebec income tax return.
Use Advance-Child to enter the advanced payments of the tax credit for child care as indicated in box C of the relevé 19. DT Max will report this amount on line 441 of the Quebec income tax return.
Use Advance-Home to enter the advanced payments of the tax credit for home-support services for seniors as indicated in box D of the relevé 19. DT Max will report this amount on line 441 of the Quebec income tax return.
Use Adv-Home-Protect to enter the monthly amount used to calculated the financial compensation as indicated in box E of the relevé 19. DT Max will report this amount on line 1 of the work chart 466, if applicable.
Use Adv-Home-EndDate to enter the end date of eligibility for the protected credit for home-support services as indicated in box F of the relevé 19. DT Max will used for the work chart 466 calculation, if applicable.
Use the keyword Adv-Home-Info to enter the date of moving or the date if fewer services were included in the taxpayer's rent in 2023 and he/she did not notify the government in 2023. DT Max will take into account only the months preceding the date on which the taxpayer moved or the date one or more services were no longer included in the taxpayer's rent when completing work chart 466.
Use Advance-Infertil to enter the advanced payments of the tax credit for infertility as indicated in box G of the RL-19 slip. DT Max will report this amount on line 441 of the Quebec income tax return.
Use Advance-Caregiver to enter the advanced payments of the tax credit for caregiver as indicated in box H of the RL-19 slip. DT Max will report this amount on line 441 of the Quebec income tax return.
Use the keyword PAR-Amount to enter the pension adjustment reversal (PAR) and pension adjustment correction (PAC). This amount will increase your RRSP deduction limit for the year.
Enter the interest and other carrying charges related to the acquisition of an interest in a partnership.
The following options are applicable for the keyword Invest-Fees.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22100 - Carrying charges and interest expenses
See the CRA's general income tax guide:
Line 22100 - Carrying charges, interest expenses, and other expenses
Enter the date at which the renunciation takes effect according to RL-11. If the date is after March 11, 2005, the deduction for exploration or development expenses respecting flow-through shares issued under a preliminary prospectus or an exemption from filing a prospectus will be considered as investment expenses for purposes of the calculation of the adjustment of investment expenses, and will be reported on line 14 of schedule N.
Enter here the deduction for a member or employee of an IFC (T5013).
Enter here the total eligible expenditures incurred by the partnership for clean buildings (T5013).
Enter here the deduction for a member or employee of an IFC (T5013).
Use the keyword Certificate.t to enter the Certificate number from the BC Ministry of Finance.
Use the keyword Address-Retrofit. to enter address of the qualifying retrofit.
If your client's information slips show income which he/she shares with other parties, indicate his/her percentage (%) of the income. The program will report your client's portion on his/her own tax return.
If the remainder belongs to your client's spouse, indicate whether you want the program to take it into account in preparing the spouse's return. If you don't want the program to do so, it will ignore the remainder.
If all or part of the remaining income belongs to someone other than your client's spouse, the program will ignore it.
Use the keyword Spouse-Share to enter the remaining percentage of income, and indicate the treatment.
If the remaining income belongs to the taxpayer's spouse, DT Max will add it to the spouse's tax return. Otherwise, the balance will not be added automatically to anyone else's return.
The following options are applicable for the keyword Spouse-Share.
Enter the footnotes relating to specific T-slip entries.
The following options are applicable for the keyword Footnotes.t.
[037] Advanced life deferred annuity (information)
[124] Board and lodging at special work sites
[135] Employee-paid premiums for priv. health ser. plans
[144] Indian (exempt) Other income
[146] Indian (exempt) Pension/superannuation
[148] Indian (exempt) Lump-sum payments
Note - Premiums paid to wage loss replacement plan Enter the T4A footnote amount: "Wage loss replacement plan benefit premiums netted out". This is the amount of premiums paid to wage loss replacement plan benefits which has been used to reduce the related income reported on line 10400 of the federal income tax return.
RL-1 [A-13] - Deduction for foreign professors
Ded. on lines 105, 205 and 207 for income in Box A
RL-1 [O code RB]- Scholarships, bursaries, prizes The amount of sums received may appear at the centre of RL-1, below the words "Scholarships, fellowships, bursaries and prizes for remarkable achievement, not included in box O".
You are not required to include scholarships, bursaries and prizes for a remarkable achievement received by a taxpayer during the year if he is taking an undergraduate degree or courses leading to a master's or a doctoral degree, except in the case of bursaries and prizes granted under the Act respecting financial assistance for education expenses, the Canada Student Financial Assistance Act or any provincial statute governing financial assistance to post-secondary students.
Note - Income-averaging annuity for artists (RL-2) Enter the amount shown in the centre of the RL-2 slip, after the note "Special tax deducted at source". A tax credit on line 462 Code 19, respecting income from an income-averaging annuity for artists, may be claimed if the taxpayer was resident in Quebec on December 31, 2023 and if, for the 2023 taxation year, he included in his income amounts from an income-averaging annuity for artists, (provided the annuity was subject to source deductions of income tax).
Note - Special tax withheld (RL-2)
Note - Business income resulting from retir. of a partner
Note - Deduction for patronage dividends (Q297) Enter the amount shown in box [0-2] of the RL-1 slip, after the note "Deduction for patronage dividends (line 297)". A deduction will be claimed on line 297 of the Quebec income tax return.
Enter the amount shown in box [9-1] of the RL-15 slip, after the note "Deduction for patronage dividends". A deduction will be claimed on line 297 of the Quebec income tax return.
Quebec legislation - Patronage dividends in the form of preferred shares
In order to facilitate the capitalization of certain categories of co-operatives or federations of Quebec co-operatives by encouraging their members to reinvest in them, the tax system allows the rebates they allocate in the form of preferred shares, after February 21, 2002, and before January 1, 2023 (In order to continue to support the growth of cooperatives and federations of cooperatives, the tax-deferred rebate mechanism will be renewed for an additional period of ten years), may open the tax-deferred rebate mechanism, which allows a tax deferral until the units are disposed of.
Briefly, this mechanism allows a taxpayer who is a member of either a cooperative or a federation of cooperatives, or a partnership that is a member of a cooperative or a federation of cooperatives to deduct line 297 of the Québec return, in computing his taxable income, the amount of a rebate credited to him in the form of a preferred unit or, if he is a member of a partnership, his share of the rebate, provided that the cooperative or federation of cooperatives holds, for the taxation year in respect of which the rebate is awarded, a certificate of eligibility issued by the Minister of Economic Development, the Innovation and Export that it is an eligible co-op for this taxation year.
Following the disposition of a preferred unit in respect of which a deduction for eligible rebate was granted, the taxpayer who benefited from this deduction must generally include, in computing its taxable income, on line 276 of the Québec return, the amount previously deducted in respect of that share.
Note - Redemption of preferred shares (Q276) Enter the amount shown in box [0-3] of the RL-1 slip, after the note "Redemption of preferred shares". The amount will be reported on line 276 of the Quebec income tax return.
Enter the amount shown in box [9-2] of the RL-15 slip, after the note "Patronage dividends to be included - Redemption of preferred shares". The amount will be reported on line 276 of the Quebec income tax return.
Note - Inc. of property, described in Class 43.1 or 43.2 Enter for partnership income for resource property and flow-through shares, the income from property, or from a business of selling the product of such property, described in Class 43.1 or 43.2 in Schedule II to the Income Tax Regulations. This amount will be reported on line 14B of the T691 - Alternative Minimum Tax.
YT(S14) - Elig. YT UCC alloc. from partnership
YT(S14) - Elig. YT UCC alloc. from partnership(Mining bus.)
RL-1 [201] - Child care allowance
RL-1 [O] - Repayment for child care
Note - Expenses related to research grant
Amount of CRB (box 202) not entitled to receive Enter the amount of CRB you are not entitled to receive may be the result of a change in your circumstances, an overpayment or some other factor. In most cases, you will receive a notification from the CRA that you are not entitled to an amount.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Exemption-Rate.t to indicate the exemption rate, as shown in box A-14 of the RL-1 slip. This rate is used to calculate the deductible amount on line 297 of the Quebec return for the following deductions: - Q297 Code 19 Deduction for foreign professors
The deductible amount is equal to the result of the following formula: A - (B x C)
A = RL-1 Boxes A-9, A-10, A-11, A12 or A-13 (the part of the eligible income for the year certified by the employer in a prescribed manner); B = The sum of the deductions claimed on lines 105, 205 and 207 for the income from RL-1 Box A (use the keyword Footnotes.t4 to indicate this amount); C = RL-1 Box A-14 (% of exempt employment income).
Use the keyword RL-1 if the pensioner received an RL-1 slip for the private health insurance plan.
Use the keyword RL-1-Box_A to enter the employment income as per box A of the RL-1 slip. DT Max will enter this amount on lines 101 and 102 of the Quebec tax return.
Use RL-1-Box_E to enter the Quebec income tax amounts deducted at source from box E on RL-1.
DT Max will enter this amount on line 451 of the Quebec tax return.
Use the keyword RL-1-Box_J to enter the contribution paid by the employer under a private health services plan during the year as per RL-1, box J. This amount is included in box A since it is considered a taxable benefit for Quebec tax purposes. This amount is only deductible as medical expenses for Quebec tax purposes. DT Max will include it as such. See also Medical and Optimize .
Use the keyword RL-1-Box_L to enter other taxable benefits and allowances as per box L of the RL-1 slip. This entry is for information purposes only.
Use the keyword RL-1-Box_211 to enter the benefit related to previous employment as per box 211 of the RL-1 slip. This entry is for information purposes only.
Use CRCD-Paid to indicate the amount paid throughout the year to acquire shares of the Capital régional et coopératif Desjardins.
DT Max will calculate a non refundable tax credit of 35% of the amount from box A up to a maximum of $1,750 for taxpayers residing in Quebec on December 31.
Use CRCD-Credit to enter the non refundable tax credit for acquisition of 35% of the amount in box A (maximum $1,750). This amount will be reported on line 422 of the Quebec income tax return.
Use CRCD-Exchange to indicate the Value of the exchanged Capital régional et coopératif Desjardins shares.
DT Max will calculate a non refundable tax credit of 10% of the amount from box C up to a maximum of $1,500 for taxpayers residing in Quebec on December 31.
Use CRCD-ExchangeCr to enter the non refundable tax credit for acquisition of 10% of the amount in box C (maximum $1,500). This amount will be reported on line 422 of the Quebec income tax return.
These are amounts received in payment of a service rendered, or in payment of a service rendered and the acquisition or lease of property. They do not include amounts received in the year entirely or almost entirely (90% or more) for the acquisition or lease of property.
The amount in box A, which does not include goods and services tax (GST) or Québec sales tax (QST), must be used to calculate the business income to be reported in the recipient's income tax return (line 164 of an individual's income tax return). For more information, refer to brochure IN-155-V, Business and Professional Income.
These are amounts received as assistance in relation to the cost of property, an outlay or an expenditure, or as incentives. The assistance or incentive may be in the form of a grant, a subsidy, a forgivable loan, an allowance or a government transfer payment.
You must use the amount in box B to calculate the amount of business or property income to be entered in your income tax return or, if the amount is related to medical expenses, to calculate your tax credit for medical expenses. The amount in box B may be used, as applicable, to reduce the cost of property or expenditures, or to increase income.
Select the type of recipient.
The following options are applicable for the keyword TypeRecipient.
1 Individual or trust
2 Corporation
3 Partnership
4 Individual (or trust), corp. or partnership is a holder
5 Individual (or trust), corp. or partnership is par
Quebec enterprise number (NEQ).
Number of beneficiaries.
Use the keyword Remuneration to enter the net remuneration of a family-type resource or an intermediate resource from box A of RL-29. This amount is equal to the amount by which the remuneration paid to a family-type resource (FTR) or an intermediate resource (IR) (box B) exceeds the total amount of financial compensation (box C) and operating expenses (box D). This amount will be reported on line 1 of form LM-53-V, Insurable Earnings Under the QPIP and Pensionable Earnings Under the QPP of a Person Responsible for a Family-Type Resource or an Intermediate Resource.
Remuneration paid to an FTR or an IR. This amount is paid by a public institution (for information only).
Financial compensation (for information only). This amount is paid for: - participation in the Québec parental insurance plan (QPIP);
- participation in the Québec Pension Plan (QPP);
- coverage with the Commission des normes, de l'équité, de la santé et de la sécurité du travail (CNESST), if applicable; and
- access to certain employment benefit services, if applicable.
Operating expenses (for information only). This amount is for reasonable operating expenses incurred in the course of providing the services of the FTR or IR. Such expenses are determined under a group agreement or, in the absence of such an agreement, under a decision of the Minister of Health and Social Services made with the authorization of the Conseil du trésor.
Is there a second person in charge? (yes/no) (LM-53 Part 2).
First name of the second person in charge (LM-53 Part 2)
Name of the second person in charge (LM-53 Part 2)
Social insurance number of the second person in charge (LM-53 Part 2)
Share of net remuneration of the second person in charge (LM-53 Part 2)
Expenses-Paid.lm Expenses paid for the year for the services of an assistant or substitute (LM-53 L.2,3 and 4)
The following options are applicable for the keyword Expenses-Paid.lm.
Wages and employer's contributions
Fees paid for a payroll service
Fees paid for the services of a person
Fees paid for the services of a partnership
Select
Use the keyword SIN.lm to enter the SIN of the person for whom the fees have been paid.
Use the keyword Partnership-ID.lm to enter the partnership identification number for whom the fees have been paid.
Use the keyword Elect-Indian-QPP if you want to make a QPP contribution on those earnings (Yes/No). A taxpayer who has Indian status and who has received a RL-29 slip has the option of not contributing to the QPP on the amount of the allowance.
Do the income splitting rules apply for this slip?
As of January 1, 2018, the tax on split income is expanded to amounts received by an adult individual. In this context, "split income" will generally include dividends or interest, but not salary, paid by a private corporation directly or indirectly to an individual from a related business ("Related Business") in respect of the individual and certain capital gains unless the amount falls within a specific exclusion (the "Excluded Amount" or "Excluded Amounts").
Click here to see the Questions and answers to address changes to income splitting to find out if the individual is exempt from TOSI.
For the CRA's online information on split income.
Select how to enter the split income amounts.
The following options are applicable for the keyword Split-Source.t.
Select the type of dividend and enter the amount (T1206).
The following options are applicable for the keyword Dividend.split.
Actual amount of eligible dividends
Actual amount of dividends other than eligible dividends
Memo - Tax credit for the dividends in box I-1 [J-1]
Select the type of foreign income and enter the amount (T1206)
The following options are applicable for the keyword ForeignInc.split.
Foreign non-business income
Foreign business income
Foreign income tax on non-business income
Foreign income tax on business income
Select the type of other income and enter the amount (T1206).
The following options are applicable for the keyword OtherInc.split.
Interest
Capital gain
Other : Capital gain deemed to be a foreign dividend
Other : Business income from a related business
Other : Rental income
Other : Foreign rental income
Other split income (specify)
The keyword AmendedSlip can be used to indicate whether information on a slip has been modified. Note however that for Quebec efile purposes, this keyword must be used for all amended RL-2 slips being entered.
To avoid duplication, the original slip should not be entered if an amended slip is entered.
The following options are applicable for the keyword AmendedSlip.
Original
Federal
Quebec
Federal and Quebec
For the purpose of calculating the alternative minimum tax adjusted taxable income for 2006 to 2011 income tax returns, an election to restrict the limited partnership losses only for partnerships that are tax shelters can be filed within 90 days of the Royal Assent of Bill C-4, Economic Action Plan 2013 Act, No. 2. Use the keyword AMT-Limited-Losses to specify if the taxpayer made the election or not.
The following options are applicable for the keyword AMT-Limited-Losses.
Election to restrict limited part. losses to tax shelters For the purpose of calculating the alternative minimum tax adjusted taxable income for your 2006 to 2011 income tax returns, an election to restrict your limited partnership losses only for partnerships that are tax shelters can be filed within 90 days of the Royal Assent of Bill C-4, Economic Action Plan 2013 Act, No. 2.
No election
The taxpayer filed an election. Use the keyword AMT-Losses.c to indicate the part of these losses from 2006 to 2022 that were from partnerships that are tax shelters. Add to this amount the full amount of limited partnership losses claimed that were incurred prior to 2006.
The taxpayer did not file an election. Use the keyword AMT-Losses.d to indicate the full amount of these losses that were incurred prior to 2012. Add to this amount the part of any losses incurred after 2011 that you claimed from partnerships that are tax shelters.
Choose the relevant option and enter the opening balance of the Canadian and/or foreign exploration and development expense pool.
DT Max carries forward this balance from the previous year tax return. You must enter the data for a new client.
The additions made in the year are entered with the keyword Resource-Add in the T-Slip group for the option T5013/Shelter. Additions (a positive amount ) are added to the opening balance and reductions (a negative amount) are deducted from the opening balance to determine allowable deduction for exploration and development expenses.
Amounts remaining in the pool at the end will be carried forward by DT Max.
The following options are applicable for the keyword Resource-Pool.
CEE - Canadian exploration expenses Enter the Canadian exploration expenses (CEE). This may be indicated in box 173 of the T5013, box 120 of the T101. This amount may also be found in boxes 28 and 29 of RL-15 and boxes A and B of RL-11.
Also enter the deemed Canadian exploration expenses indicated in box 11 of the T101.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 27 through 30 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box A of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
CDE - Canadian development expenses Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013 and box 12 of the T101. This amount may also be found in boxes 30 and 31 of RL-15 and box B of RL-11.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 22400 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 13000 of the federal income tax return and line 150 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in boxes 30 through 31 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(B) of RL-11 for Quebec tax purposes. DT Max will reduce the CEE pool by this amount.
COGPE - Canadian oil and gas property expenses Enter the Canadian oil and gas property expenses (COGPE). This may be indicated in box 175 of the T5013 and box 13 of the T101. This amount may also be found in box 30 of RL-15 and box C of RL-11.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 22400 of the federal income tax return and line 241 of the Quebec income tax return. The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If the COGPE pool balance before the claim is negative, DT Max will automatically reduce the CDE pool by this amount.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian oil and gas property expenses (COGPE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35(32) of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the COGPE pool for Quebec tax purposes by this amount.
Enter the amount indicated in box 14 of T101. This amount is also reported in box I(C) of RL-11 for Quebec tax purposes. DT Max will reduce the COGPE pool by this amount.
FEDE - foreign exploration and development expenses Enter the foreign exploration and development expenses (FEDE). This may be indicated in box 176 of the T5013.
This amount is added to the beginning of year FEDE pool balance. DT Max will claim the greater of i) 10% of the FEDE pool or ii) foreign resource income on line 22400 of the federal income tax return.
The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Foreign Exploration and Development expenses (FEDE). Note that the T5013 supplementary slip does not report this amount separately. Do not enter it unless the FEDE net amount, net of assistance, is different between the federal and the Quebec.
QEE - Quebec exploration expenses
EDB - earned depletion base Choose this option to enter the earned depletion base carryforward from the prior year available for a deduction in the current year.
MEDB - mining exploration depletion base Choose this option to enter the mining exploration depletion base carryforward from the prior year available for a deduction in the current year.
QEB - Quebec exploration base (line 287) Choose this option to enter the opening balance of the Quebec Exploration base carried forward from a prior year.
Other resource deductions Choose this option to enter "Other" resource deductions carried forward from previous years. It is the amount available for a deduction in the current year. To enter the amount of the deduction to be claimed use the keyword Deduction.r.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22400 - Exploration and development expenses (T1229)
See the CRA's general income tax guide:
Line 22900 - Other employment expenses
Use Adjustment.r to make an adjustment or change to the amount entered for a particular resource pool. This will force a change in the net partnership income on line 12200 of page 1 of the federal tax return. On the Quebec return, this will affect income on line 134. Positive amounts will be added to the pools and the income and negative amounts will be subtracted both from the pools and from net income.
The following options are applicable for the keyword Adjustment.r.
Use [Alt-J] to enter different values for other jurisdictions.
This entry will override calculations based on the Canadian and/or foreign exploration and development expense pools ( ).
For shelters without resource pools, the amounts entered will be reported as a deduction on line 22400 (exploration expenses, etc.) or line 23200 (depletion, etc.) of the federal income tax return. Use [Alt-J] to enter different values for other jurisdictions.
This entry will override calculations of the accelerated investment incentive to claim based on the Canadian development expense (CDE) and the Canadian oil and gaz property expense (COGPE)( ).
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22400 - Exploration and development expenses (T1229)
See the CRA's general income tax guide:
Line 22900 - Other employment expenses
Deduction claimed in 2022 (amount in H of the T1229 for 2022). Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22400 - Exploration and development expenses (T1229)
See the CRA's general income tax guide:
Line 22900 - Other employment expenses
Deduction claimed in 2017 (amount in B of the T1229 for 2017). Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword ITC-PriorYr to reduce the Canadian resource expenditure pool. Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of income from foreign resources with For-Res-Inc .
The following options are applicable for the keyword For-Res-Inc.
Income from sale of foreign resource property If the amount of foreign resource income included in net income is from the sale of foreign resource property, specify the amount here as well. This amount is needed for Alternative Minimum Tax (AMT) purposes.
Other foreign resource income (specify) If the amount included in net income is from foreign resource property, specify the amount here as well. This amount is used to determines the maximum resource deduction that may be claimed from foreign resources. This entry will not record an amount on the income tax return nor on the AMT forms.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 22400 - Exploration and development expenses (T1229)
See the CRA's general income tax guide:
Line 22900 - Other employment expenses
DT Max will automatically produce form T5004 (and form TP-1079.6 for Quebec residents) using the data entered in this keyword for tax shelter purposes (e.g. T5003, T5013).
The following options are applicable for the keyword T5004.
Items to be added to schedule T5004 Use this option is you wish to add items to those generated by DT Max.
T5004 - Override Use this option if you wish to generate a blank T5004 form to fill out manually.
Enter the name of tax shelter
Enter the federal tax shelter identification number
Enter the Quebec tax shelter identification number
Enter the purchase date of the tax shelter
Enter the line number from the T1 return and the amount of loss or deduction claimed
Enter the line number of the TP1 return and the amount of loss or deduction claimed
The following options are applicable for the keyword Que-Loss/Ded.t.
Schedule L, line 23 - Business loss
Schedule L, line 24 - Farming or fishing loss
Schedule L, line 25 - Professional loss
Schedule L, line 26 - Commission loss
Schedule L, line 29 - Net partnership loss
Line 136 - Rental loss
Line 234 - Business investment loss
Line 231 - Carrying charges and interest expenses
Line 241 - Exploration and development expenses
Line 250 - Other deductions
Line 287 - Deduction for strategic investment
Line 395 - Gifts 20%
Line 397 - Gifts 24%
Line 414 - Quebec political contributions
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