Branch-TaxUse the keyword Branch-Tax to indicate the type of non-resident corporation that is subject to Part XIV tax (branch tax).This information is required in order to generate federal schedule 20. The following options are applicable for the keyword Branch-Tax.
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See the CRA's general income tax guide: Exclude-GainsUse the keyword Exclude-Gains to enter the amount of taxable capital gains and allowable capital losses arising on dispositions of any property other than capital property used by the non-resident in carrying on a business in Canada.
Disposition.nrUse the keyword Disposition.nr to indicate whether a gain or deferred gain on qualified property transferred to a subsidiary has occurred.A gain on qualified property will be added to the branch tax base amount, whereas a deferred gain on qualified property will be deducted from that amount. The following options are applicable for the keyword Disposition.nr.
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See the CRA's general income tax guide: Disp-DetailsUse the keyword Disp-Details to enter the details with respect to the disposition of qualified property in the year to a Canadian corporation.This information is required in order to determine the net base amount for purposes of federal schedule 20. The following options are applicable for the keyword Disp-Details.
Accum-IncomeTax treaties with certain foreign countries provide that the first $500,000 (CDN) of accumulated income will be excluded from the calculation of branch tax.Use the keyword Accum-Income to enter the amount of unused exemption of accumulated income at the beginning of the year as well as the amount of exempt accumulated income claimed in the year. DT Max will automatically carry forward the unused portion of the exempt accumulated income for the following year. However, if this is your first time entering information in the branch tax group, you will need to enter the unused portion. DT Max will automatically claim an amount of exempt accumulated income in the year. Only use the option "Exempt accumulated income - claimed in year" if you require a different amount than the one that has been claimed. The following options are applicable for the keyword Accum-Income.
Treaty-RateUse the keyword Treaty-Rate to enter the tax treaty rate in order to calculate the Part XIV tax payable, for purposes of federal schedule 20.
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See the CRA's general income tax guide: Calc-PeriodEnd"Calculation period" of an authorized foreign bank for a taxation year means any one of a series of regular periods into which the year is divided in a designation by the bank in its return of income for the year or, in the absence of such a designation, by the Minister,(a) none of which is longer than 31 days; (b) the first of which commences at the beginning of the year and the last of which ends at the end of the year; and (c) that are, unless the Minister otherwise agrees in writing, consistent with the calculation periods designated for the bank's preceding taxation year.
Invest-ElementsUse this keyword to enter the formula elements in order to determine the allowance of an authorized bank for investments in property in Canada claimed for the year.The following options are applicable for the keyword Invest-Elements.
Invest-AddUse the keyword Invest-Add to enter the amount and type of investments in property in Canada in order to determine the allowance for qualified investments on federal schedule 20.The following options are applicable for the keyword Invest-Add.
Invest-DedUse the keyword Invest-Ded to enter amounts that should be deducted in computing qualified investments in Canada on federal schedule 20.The following options are applicable for the keyword Invest-Ded.
Monthly-AvgUse the keyword Monthly-Avg to enter the monthly average cost of property located in Canada in order to determine the allowance for eligible investments on federal schedule 20.
Allowance-OVUse the keyword Allowance-OV to override the calculation of the allowance for investments in property in Canada claimed for the year.
NonRes-TransUse the keyword NonRes-Trans to specify the type of relationship between the taxpayer and the non-resident person in the case of non arm's length transactions.The following options are applicable for the keyword NonRes-Trans.
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CurrencyCodeIf an election was made under paragraph 261(3)(b) of the Income Tax Act to report in a functional currency, use the keyword CurrencyCode to indicate the functional currency used to state all monetary amounts. Otherwise, state all monetary amounts in Canadian dollars.The following options are applicable for the keyword CurrencyCode.
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Amended.t106Use the keyword Amended.t106 to indicate if this is an amended T106 return.The following options are applicable for the keyword Amended.t106.
T106-SummaryUse the keyword T106-Summary to specify the summary type being generated. If you wish to re-submit the T106 form electronically, you must modify T106-Summary to unmodified or amended depending on the action required.The following options are applicable for the keyword T106-Summary.
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NAICSUse the keyword NAICS to enter the 6-digit numeric NAICS code that best describes the corporation's activities.A complete list of NAICS codes is available here.
RequestsChoose "Yes" here if any of the amounts (e.g. income, deductions, foreign tax credits) claimed by the reporting corp in the current tax year are affected by any completed, outstanding or anticipated requests for competent authority assustance.The following options are applicable for the keyword Requests.
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AssessmentChoose "Yes" here if any of the amounts (e.g. income, deductions, foreign tax credits) claimed by the reporting corp in the current tax year are adjusted to reflect an assessment or a proposed assessment by a foreign tax administration.The following options are applicable for the keyword Assessment.
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Pricing-PredChoose "Yes" here if the transfer pricing methodologies used by the reporting corporation are predicated on an Advanced Pricing Agreement, or similar understanding or undertaking between the non-resident and a foreign tax administration.The following options are applicable for the keyword Pricing-Pred.
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NRReturnChoose "Yes" here if the corporation filed the appropriate NR4-NR4A, T4-T4A or T4A-NR returns for the relevant payments to non-residents entered in this group.The following options are applicable for the keyword NRReturn.
NRNumberIf the corporation filed the appropriate NR4-NR4A, T4-T4A, or T4A-NR returns specify the related identification or account numbers.
FirstFilingUse this keyword to indicate whether this is the first time the reporting corporation has filed a T106.The following options are applicable for the keyword FirstFiling.
YearFiledUse this keyword to indicate the last year the corporation filed a T106 return.
ContactFirstUse the keyword ContactFirst to enter the first name of the contact person.
ContactLastUse the keyword ContactLast to enter last name of contact person.
Phone.reUse the keyword Phone.re to enter the telephone number of the contact person.
Extension.reUse the keyword Extension.re to enter the telephone extension number of the contact person.
NonMonConsidChoose "Yes" here if the corporation received from or provided to the non-resident person any non monetary consideration for the transactions enterered in this group under an exchange, barter, bonus, discount or other such trade agreement.The following options are applicable for the keyword NonMonConsid.
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NilConsidChoose "Yes" here if the corporation provided to the non-resident person any services, transfers of tangible property, processes, rights or obligations, etc. for which there was nil consideration.The following options are applicable for the keyword NilConsid.
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Slip-TypeUse the keyword Slip-Type to specify the type of T106 slip being generated. If you wish to re-submit the T106 form electronically, you must modify each T106 Slip-Type to unmodified, amended, or deleted depending on the action required.The following options are applicable for the keyword Slip-Type.
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Sequence.t106Use the keyword Sequence.t106 to enter the sequence number of the T106 slip. Please begin with the number 1 and increment it by 1 for each additional slip.
Reason-DeletionUse the keyword Reason-Deletion to explain why the T106 slip is being deleted.The following options are applicable for the keyword Reason-Deletion.
Name-NonResUse the keyword Name-NonRes to indicate the name of the non-resident person in the case of non arm's length transactions.
TIN-NonResUse the keyword TIN-NonRes to enter the taxpayer identification number of the non-resident.
TreatyNationIndicate whether the resident country of the non-resident has entered into an income tax convention with Canada. If not and the non resident is controlled by the client corporation, the non-resident's financial statements must be attached to the T106 form related to the non-resident.The following options are applicable for the keyword TreatyNation.
Address.reUse the keyword Address.re to enter the address of the non-resident. Data entered in this keyword will be the first line of the address.
More-InfoUse the keyword More-Info to enter additional address information. This will be line two of the address.
City.eUse the keyword City.e to enter the city name. DT Max will not check the spelling of the city name.
Province.eUse the keyword Province.e to select the province.The following options are applicable for the keyword Province.e.
State.eUse the keyword State.e to select the state.
Country.reUse the keyword Country.re to select the country.
PostCode.eUse the keyword PostCode.e to enter the postal code. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper case.
ZIPCode.eUse the keyword ZIPCode.e to enter the zip code.
For-Post.eUse the keyword For-Post.e to enter the foreign postal code.
NR-NAICSUse the keyword NR-NAICS to indicate the principal business activity of the non-resident corporation by selecting the applicable NAICS code.Enter the 6-digit numeric NAICS code that best describes the corporation's activities.
CountryCodeUse this keyword to specify the principal countries where the non-resident derives income by entering the appropriate country codes.
Contemp-DocUse the keyword Contemp-Doc to indicate whether or not you have prepared or obtained contemporaneous documentation as described in subsection 247(4) of the ITA, for the fiscal period, with respect to the non-resident.The following options are applicable for the keyword Contemp-Doc.
TPM-ChangeUse the keyword TPM-Change to indicate whether or not the transfer pricing methodologies (TPM) have changed since the previous reporting period, with respect to the non-resident.The following options are applicable for the keyword TPM-Change.
TangPropEnter the amount of tangible property sold to or purchased from the non-resident person to be disclosed on the T106 form.The following options are applicable for the keyword TangProp.
IntangPropEnter the amount of rent and royalty revenues and expenditures and intangible property and/or rights acquired of disposed of here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword IntangProp.
ServicesEnter the amount of revenues and expenditures related to services acquired or provided to the non-resident person here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword Services.
FinancialEnter the amount of revenues and expenditures related to financial services acquired or provided to the non-resident person here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword Financial.
Oth-RevExpEnter the amount of revenues and expenditures related to the following other sources here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword Oth-RevExp.
TPM-MethodUse this keyword to identify the transfer pricing methodology used by the reporting corporation and the non-resident person by entering the applicable code (see table below).Enter codes for amounts sold to non-residents or amounts received as revenue from non-residents as positive entries (e.g. 1). Enter codes for amounts purchased from non-residents or amounts representing expenditures to non-residents as negative entries (e.g. -1).
The following options are applicable for the keyword TPM-Method.
LoanInvestEnter the beginning and ending balances, if any, of the following items here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword LoanInvest.
PLOI-ElectionUse the keyword PLOI-Election to indicate if a Pertinent Loan or Indebtedness (PLOI) election was made.This is only applicable to tax years starting after 2021.
The following options are applicable for the keyword PLOI-Election.
Amount.ploiUse the keyword Amount.ploi to enter the amount of deemed interest related to the PLOI election.
DerivativesEnter the number of contracts related to derivatives acquired or provided to the non-resident person here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword Derivatives.
Notional-AmtUse the keyword Notional-Amt to enter the notional amount that applies to swap transactions.
Derivative-AmtEnter the amount of revenues and expenditures related to derivatives acquired or provided to the non-resident person here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword Derivative-Amt.
Cur-AccountEnter the beginning and ending balances, if any, of the following items here. The amounts entered will be disclosed on the T106 form.The following options are applicable for the keyword Cur-Account.
E-Doc.t106Enter the keyword E-Doc.t106 to specify whether you will be electronically submitting documentation, relating to a Foreign Reporting Return, with the Canada Revenue Agency.The following options are applicable for the keyword E-Doc.t106.
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E-Doc-SubmitUse the keyword E-Doc-Submit to specify which information is to be electronically submitted when accessing the Foreign Reporting Return web service.The following options are applicable for the keyword E-Doc-Submit.
E-Doc-IDUse the keyword E-Doc-ID to specify the type of document being attached.The following options are applicable for the keyword E-Doc-ID.
E-Doc-NameUse the keyword E-Doc-Name to specify the name and location of the file being attached. For amended returns, please re-submit the attachment only if the attachment information has changed.You should also take note of the following restrictions:
CRC-Number.eThe keyword CRC-Number.e contains the Cyclic Redundancy Check (CRC). The CRC is a number calculated by the DT Max software to uniquely identify a file.
TreatyExemptUse TreatyExempt to select the type of treaty-based exemption that the non-resident corporation is entitled to in Canada.The following options are applicable for the keyword TreatyExempt.
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See the CRA's general income tax guide: Province.teUse Province.te to indicate the province or the territory where services were provided in Canada.The following options are applicable for the keyword Province.te.
Bus-ActivityUse Bus-Activity to provide a description of the business activities the non-resident corporation carried on in Canada.The following options are applicable for the keyword Bus-Activity.
Gross-RevUse Gross-Rev to enter all revenues derived from sale of goods, rendering of services, and financing activities. This amount should reflect revenue recognized during the fiscal period.The following options are applicable for the keyword Gross-Rev.
FacilityUse Facility to indicate whether or not the non-resident corporation owned, leased, or rented physical facilities located in Canada in order to carry on its business.The following options are applicable for the keyword Facility.
Address.fUse Address.f to indicate the address of the physical facility used by the non-resident corporation to carry on business activities in Canada.
Care-Of.eThe name of addressee entered in Care-Of.e will print as the first line of the address when the address entered in this group is printed on the return.
City.eUse the keyword City.e to enter the city name. DT Max will not check the spelling of the city name.
Province.eUse the keyword Province.e to select the province.The following options are applicable for the keyword Province.e.
PostCode.eUse the keyword PostCode.e to enter the postal code. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper case.
Desc-PropUse Desc-Prop to describe the taxable Canadian property that was disposed of.
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See the CRA's general income tax guide: Proceed-PropUse Proceed-Prop to enter the proceeds of disposition of TCP. Only treaty-protected property should be reported on schedule 91.
Cost-PropUse Cost-Prop to enter the cost or adjusted cost base of TCP. Only treaty-protected property should be reported on schedule 91.
ArticleUse Article to specify the article and paragraph of the provision under which an exemption is being claimed.
CustomerUse Customer to enter the name of the main customer to whom services were rendered in Canada.
Contract-StartUse Contract-Start to enter the date that the contract or project started.
Contract-EndUse Contract-End to enter the date that the contract or project ended.
CanRes-EmpUse CanRes-Emp to enter the number of Canadian resident employees and the amount paid in salaries, wages, and remuneration for services rendered in Canada.
NonRes-EmpUse NonRes-Emp to enter the number of non-resident employees and the amount paid in salaries, wages, and remuneration for services rendered in Canada.
CanRes-SubUse CanRes-Sub to enter the number of Canadian resident subcontractors and the amount paid in fees, charges, reimbursements, and other payments for services rendered in Canada.
NonRes-SubUse NonRes-Sub to enter the number of non-resident subcontractors and the amount paid in fees, charges, reimbursements, and other payments for services rendered in Canada.
Employ-BeginUse Employ-Begin to enter the start date that any of the corporation's employees engaged in providing services in Canada to, or on behalf of, the corporation during the year.
Employ-EndUse Employ-End to enter the end date that any of the corporation's employees engaged in providing services in Canada to, or on behalf of, the corporation during the year.
NR-Emp-DaysUse NR-Emp-Days to enter the number of days in the fiscal period that any of the corporation's non-resident employees were physically present in Canada to provide services to, or on behalf of, the corporation.
Subcon-BeginUse Subcon-Begin to enter the start date that the resident or non-resident subcontractor engaged in providing services in Canada to, or on behalf of, the corporation during the year.
Subcon-EndUse Subcon-End to enter the end date that the resident or non-resident subcontractor engaged in providing services in Canada to, or on behalf of, the corporation during the year.
NR-Sub-DaysUse NR-Sub-Days to enter the number of days in the fiscal period that any of the corporation's non-resident subcontractors were physically present in Canada to provide services to, or on behalf of, the corporation.
Reg-105Use Reg-105 to indicate whether or not the corporation has applied for a waiver of the withholding requirement under regulation 105.The following options are applicable for the keyword Reg-105.
Approval-RegUse Approval-Reg to indicate whether or not the waiver of the withholding requirement under regulation 105 was approved by the CRA.The following options are applicable for the keyword Approval-Reg.
Trust-NameUse the keyword Trust-Name to identify the non-resident discretionary trust which the filing corporation or any controlled foreign affiliate of the corporation, or any other corporation or trust with which the corporation did not deal at arm's length, had a beneficial interest in at any time during the taxation year.
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TrustAddressUse the keyword TrustAddress to enter the address of the trust. Data entered in this keyword will be the first line of the address field.
More-InfoUse the keyword More-Info to enter additional address information. This will be line two of the address.
City.eUse the keyword City.e to enter the city name. DT Max will not check the spelling of the city name.
Province.eUse the keyword Province.e to select the province.The following options are applicable for the keyword Province.e.
State.eUse the keyword State.e to select the state.
Country.eUse the keyword Country.e to select the country.
PostCode.eUse the keyword PostCode.e to enter the postal code. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper case.
ZIPCode.eUse the keyword ZIPCode.e to enter the zip code.
For-Post.eUse the keyword For-Post.e to enter the foreign postal code.
TrusteesUse the keyword Trustees to indicate the names of the trustees of the non-resident trust.
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