Print this page Forward this document    Allocations and designations to beneficiaries


Beneficiary

Use the keyword Beneficiary to specify the status of the beneficiary of the trust.

If the trust is allocating income to its beneficiaries, federal schedule 9 and Quebec schedule C must be filed. In order to complete these schedules, the beneficiary information must be entered within this group.

The beneficiary information will also be automatically entered on any relevant T3 slips generated by DT Max.

The following options are applicable for the keyword Beneficiary.

  • Settlor
  • Spouse/common-law partner
  • Former spouse/common-law partner
  • Child, grandchild or great grandchild
  • Spouse of a child, grandchild or great grandchild
  • Minor
  • Corporation
  • Trust
  • Association, club or partnership
  • Government, organization or tax exempt entity
  • Other

Keyword in subgroupLast-Name

Use the keyword Last-Name to enter the family name of the person who is the beneficiary of the trust.

This information will appear on the relevant slips.

Secondary keyword in subgroupFirst-Name

First-Name first name

Secondary keyword in subgroupSIN.ben

Use the keyword SIN.ben to enter the social insurance number of the beneficiary.

Secondary keyword in subgroupStreet

Use the keyword Street to enter the civic number and name of the street.

Secondary keyword in subgroupStreet-Ln2

Use the keyword Street-Ln2 if a second line is required to enter the address.

Secondary keyword in subgroupCity

Use the keyword City to enter the name of the city.

Secondary keyword in subgroupProvince

Use the keyword Province to enter the name of the province.

The following options are applicable for the keyword Province.

Secondary keyword in subgroupPostal-Code

Use this keyword to enter the postal code. DT Max will ensure that it is printed in the correct format (A1B 2C3) on the tax return.

Secondary keyword in subgroupState

Use the keyword State to enter the name of the state.

Secondary keyword in subgroupZip-Code

Use the keyword Zip-Code to enter the U.S.A. zip code.

Secondary keyword in subgroupCountry

Use the keyword Country to enter the name of the country if other than Canada.

Keyword in subgroupName

Use the keyword to enter the name of the beneficiary of the trust.

Secondary keyword in subgroupName-Ln2

Use the keyword Name-Ln2 to enter the first name of the beneficiary or if a second line is required to enter the beneficiary's name.

Secondary keyword in subgroupStreet

Use the keyword Street to enter the civic number and name of the street.

Secondary keyword in subgroupStreet-Ln2

Use the keyword Street-Ln2 if a second line is required to enter the address.

Secondary keyword in subgroupCity

Use the keyword City to enter the name of the city.

Secondary keyword in subgroupProvince

Use the keyword Province to enter the name of the province.

The following options are applicable for the keyword Province.

Secondary keyword in subgroupPostal-Code

Use this keyword to enter the postal code. DT Max will ensure that it is printed in the correct format (A1B 2C3) on the tax return.

Secondary keyword in subgroupState

Use the keyword State to enter the name of the state.

Secondary keyword in subgroupZip-Code

Use the keyword Zip-Code to enter the U.S.A. zip code.

Secondary keyword in subgroupFor-Post-Code

Use the keyword For-Post-Code to enter the foreign postal code for an address outside of Canada.

Secondary keyword in subgroupCountry

Use the keyword Country to enter the name of the country if other than Canada.

Secondary keyword in subgroupTelephone

Use the keyword Telephone to enter the home phone number.

Please note that DT Max will not verify the format of the telephone number; it will accept whatever you enter.

Secondary keyword in subgroupPhone-Office

Use the keyword Phone-Office to enter the phone number at the office.

Please note that DT Max will not verify the format of the telephone number; it will accept whatever you enter. Given the wide range of possibilities respecting area codes, locals, extensions, etc., it is next to impossible to verify the phone numbers without being too exclusionary.

Secondary keyword in subgroupFax

Use the keyword Fax to enter the fax number to which documents may be sent.

Secondary keyword in subgroupEmail

Use the keyword Email to enter the electronic mailing address.

This entry is for information purposes only and does not appear anywhere on the tax return.

Keyword in subgroupName.ben

Use the keyword to enter the name of the beneficiary of the trust.

Secondary keyword in subgroupName-Ln2

Use the keyword Name-Ln2 to enter the first name of the beneficiary or if a second line is required to enter the beneficiary's name.

Secondary keyword in subgroupSIN.ben

Use the keyword SIN.ben to enter the social insurance number of the beneficiary.

Secondary keyword in subgroupStreet

Use the keyword Street to enter the civic number and name of the street.

Secondary keyword in subgroupStreet-Ln2

Use the keyword Street-Ln2 if a second line is required to enter the address.

Secondary keyword in subgroupCity

Use the keyword City to enter the name of the city.

Secondary keyword in subgroupProvince

Use the keyword Province to enter the name of the province.

The following options are applicable for the keyword Province.

Secondary keyword in subgroupPostal-Code

Use this keyword to enter the postal code. DT Max will ensure that it is printed in the correct format (A1B 2C3) on the tax return.

Secondary keyword in subgroupState

Use the keyword State to enter the name of the state.

Secondary keyword in subgroupZip-Code

Use the keyword Zip-Code to enter the U.S.A. zip code.

Secondary keyword in subgroupFor-Post-Code

Use the keyword For-Post-Code to enter the foreign postal code for an address outside of Canada.

Secondary keyword in subgroupCountry

Use the keyword Country to enter the name of the country if other than Canada.

Secondary keyword in subgroupTelephone

Use the keyword Telephone to enter the home phone number.

Please note that DT Max will not verify the format of the telephone number; it will accept whatever you enter.

Secondary keyword in subgroupPhone-Office

Use the keyword Phone-Office to enter the phone number at the office.

Please note that DT Max will not verify the format of the telephone number; it will accept whatever you enter. Given the wide range of possibilities respecting area codes, locals, extensions, etc., it is next to impossible to verify the phone numbers without being too exclusionary.

Secondary keyword in subgroupFax

Use the keyword Fax to enter the fax number to which documents may be sent.

Secondary keyword in subgroupEmail

Use the keyword Email to enter the electronic mailing address.

This entry is for information purposes only and does not appear anywhere on the tax return.

Keyword in subgroupResidence.ben

Use the keyword Residence.ben to enter the residence of the beneficiary.

The following options are applicable for the keyword Residence.ben.

  • Newfoundland and Labrador
  • Prince Edward Island
  • Nova Scotia
  • New Brunswick
  • Quebec
  • Ontario
  • Manitoba
  • Saskatchewan
  • Alberta
  • British Columbia
  • Yukon
  • Northwest Territories
  • Nunavut
  • Other (specify)

Secondary keyword in subgroupCountry.nr

Country.nr country of residence if different from mailing address

Secondary keyword in subgroupSocial-Security

Use the keyword Social-Security to enter the identification number given to non-residents for tax purposes by their country of residence.

The number, if available, will be printed on the NR4 slip.

Secondary keyword in subgroupRemitter-ID

Use the keyword Remitter-ID to enter the identification number that has been assigned to the non-resident beneficiary.

This number will be printed on the NR4 slip.

Secondary keyword in subgroupDesign-Ben

Use the keyword Design-Ben to indicate whether the beneficiary is a designated beneficiary for the purpose of Part XII.2 tax.

A designated beneficiary may be:

- a non-resident person or a non-resident owned investment corporation;

- an entity that is exempt from Part I tax under subs. 149(1), if the interest was ever previously held by a taxable entity;

- a trust if any of its beneficiaries is either a trust or a designated beneficiary;

- a partnership if any of its members is either a partnership or would be a designated beneficiary if that member held an interest in a trust.

A designated beneficiary is not usually entitled to the refundable tax credit for Part XII.2 tax that the trust has paid.

Secondary keywordFed-Acct-Num

Use the keyword Fed-Acct-Num to enter the business number of the beneficiary.

Secondary keywordQc-Id-Num

Qc-Id-Num Quebec identification number of the beneficiary

Secondary keywordMinor

Use the keyword Minor to indicate whether the beneficiary is a minor.

A minor is a person who was under 18 years-old on December 31 of the year in which the income was allocated to them.

The following options are applicable for the keyword Minor.

  • Yes
  • No

Secondary keywordInfirm

Use the keyword Infirm to indicate whether the beneficiary, due to mental or physical infirmity, was financially dependent on the deceased.

The following options are applicable for the keyword Infirm.

  • Yes
  • No

Secondary keywordDeceased

Use the keyword Deceased to specify whether the beneficiary of the trust is deceased.

The following options are applicable for the keyword Deceased.

  • Yes
  • No

Secondary keywordDate-Death

Use the keyword Date-Death to enter date of death of the beneficiary.

Keyword in subgroupForm-T657

Use the keyword Form-T657 to enter information derived from the spouse's or common-law partner's unused lifetime capital gains deduction limit as calculated on form T657.

The following options are applicable for the keyword Form-T657.

Types of information about the deceased spouse found on federal form T657. Attach a completed T657 if applicable.
  • ABIL / CNIL
  • Allowable business investment loss and cumulative net investment loss claimed on the spouse's or common-law partner's personal income tax return.
  • Net capital losses
  • Net capital losses that have been claimed on the spouse's or common-law partner's personal income tax return.
  • Eligible taxable capital gains reported
  • Spouse's or common-law partner's cumulative eligible taxable capital gains reported after 1984.
  • Capital gains deduction claimed
  • Spouse's or common-law partner's capital gains deduction claimed after 1984.

Secondary keyword in subgroupCap-Gain.ch  ALT-J 

Use Cap-Gain.ch to enter the amount of eligible taxable capital gains declared in the relevant period.

The following options are applicable for the keyword Cap-Gain.ch.

  • 1985 - 1991 taxable capital gains
  • 1992 - 1993 eligible taxable capital gains
  • 1994 eligible taxable capital gains
  • 1995 eligible taxable capital gains
  • 1996 - 1999 eligible taxable capital gains
  • 2000 eligible taxable capital gains
  • 2001 eligible taxable capital gains
  • 2002 - 2012 eligible taxable capital gains
  • 2013 eligible taxable capital gains
Use [Alt-J] to enter different values for other jurisdictions.

Secondary keyword in subgroupExemption.ch  ALT-J 

Use Exemption.ch to enter a deduction for capital gains declared in the relevant year pursuant to line 254 of the federal return and line 292 of the Quebec return.

The following options are applicable for the keyword Exemption.ch.

  • Deduction claimed in 1985 - 1987
  • Deduction claimed in 1988 - 1989 excluding ECP
  • Deduction claimed for ECP in 1988 - 1989
  • Deduction claimed in 1990 - 1999
  • Deduction claimed in 2000
  • Adjustment of 2000 capital gains deduction
  • Deduction claimed in 2001 - 2012
  • Deduction claimed in 2013
  • Unused capital gains deduction for the year - OV
Use [Alt-J] to enter different values for other jurisdictions.

Secondary keyword in subgroupAmount.t657  ALT-J 

Use Amount.t657 to enter the year and the amount of loss claimed on the spouse's or common-law partner's personal tax return.

The following options are applicable for the keyword Amount.t657.

Types of information about the deceased spouse found on federal form T657. Attach a completed T657 if applicable.
  • Allowable capital losses claimed in 1985
  • Allowable capital losses claimed in 1985. This amount would be shown in brackets on line 127 of the spouse's or common-law partner's 1985 T1 return or line 33 of the TP-1 return. This amount will be entered on line 12 of Schedule 5 and line 673 of the TP-668.1.
  • ABIL claimed in 1985 through 2012
  • Allowable business investment loss claimed on line 217 of the spouse's or common-law partner's T1 return from 1985 to 2012 inclusively. This amount will be entered on line 11 of Schedule 5 and line 674 of the TP-668.1.
  • ABIL claimed in 2013
  • Allowable business investment loss claimed on line 217 of the spouse's or common-law partner's T1 return for the current year. This amount will be entered on line 11 of Schedule 5 and line 677 of the TP-668.1.
  • Net cap. losses of other yrs claimed from 1985 to 2012
  • Net capital losses applied after 1984. Enter the amount from line 253 of the spouse's or common-law partner's T1 return for each year from 1985 to 2012. This amount will be entered on line 12 of Schedule 5 and line 675 of the TP-668.1.
  • Net cap. losses of other yrs claimed in 2013
  • Net capital losses of other years claimed in the current year. This amount will be added to line 12 of schedule 5 and line 677 of the TP-668.1 form for Quebec.
  • Cumulative net investment loss to December 31, 2013
  • Cumulative net investment loss (CNIL) at the end of the current year. This amount will be entered on line 676 of form TP-668.1.
Use [Alt-J] to enter different values for other jurisdictions.

Secondary keywordTax-Exempt

Use the keyword Tax-Exempt to indicate whether the beneficiary is exempt from paying income tax. This information is required for the Quebec form TP-1129.53.

Secondary keywordPreferred

Use the keyword Preferred to indicate whether the beneficiary of the trust is a preferred beneficiary.

A "preferred beneficiary", for a taxation year ending after 1996, is a beneficiary under the trust who, at the end of trust's taxation year, is a resident of Canada and who is one of the following:

- the settlor of the trust; - the spouse or common-law partner, or former spouse or common-law partner, of the settlor of the trust; - a child, grandchild, or great-grandchild of the settlor of the trust; or - the spouse or common-law partner of a child, grandchild, or great-grandchild of the settlor of the trust.

In addition, this person must meet one of the following conditions:

- they can claim a disability amount for the taxation year which ends in the trust's taxation year, or could have claimed the disability amount had attendant or nursing home care expenses claimed in respect of his or her care been otherwise ignored; or - they are 18 or older and, for the taxation year which ends in the trust's taxation year, they do not claim a disability amount, and for whom another individual can claim an amount for infirm dependants 18 and older for that beneficiary, or could claim the amount if the beneficiary's income is calculated before including the income from the preferred beneficiary election.

The following options are applicable for the keyword Preferred.

  • Yes
  • No

Keyword in subgroupAllocation

Use the keyword Allocation to indicate how the trust's income should be allocated.

Generally, the income is allocated to the trust's beneficiaries according to the terms of the will or trust document.

The income allocated to a beneficiary must be included in their income and deducted from the trust's income.

A trust and a preferred beneficiary may jointly elect to have the trust's accumulating income taxed in the hands of the preferred beneficiary.

The following options are applicable for the keyword Allocation.

  • As per will/trust document
  • Preferred beneficiary election

Secondary keyword in subgroupAllocation-Type

Use the keyword Allocation-Type to indicate whether the income to be allocated is a fixed amount or a percentage of the trust's income.

The following options are applicable for the keyword Allocation-Type.

  • Percentage
  • Fixed amount

Secondary keyword in subgroupIncome-Type

Use the keyword Income-Type to enter the type and percentage of income to be allocated to each beneficiary according to the terms of the will or trust document.

The following options are applicable for the keyword Income-Type.

  • Income
  • Capital gains
  • Income and capital gains

Secondary keyword in subgroupIncome-Type.f

Use the keyword Income-Type.f to enter the type and amount of income to be allocated to each beneficiary according to the terms of the will or trust document.

The following options are applicable for the keyword Income-Type.f.

  • Income
  • Capital gains
  • Income and capital gains

Secondary keyword in subgroupAlloc-Reduction

Only use the keyword Alloc-Reduction if there is more than one beneficiary and there are different types of income allocation.

For instance, one beneficiary is allocated a percentage of the income and another beneficary is allocated a fixed amount of the income.

This keyword should not be entered if the type of allocation is the same for all beneficiaries.

Enter this keyword if the fixed amount of income allocated should reduce the total amount of income to be allocated as a percentage.

The following options are applicable for the keyword Alloc-Reduction.

  • Yes
  • No

Keyword in subgroupLink-Settlor

Use the keyword Link-Settlor to enter whether there is a link with the settlor.

Quebec Schedule G requires you to indicate whether there is a relationship with the settlor. The relationship with each settlor must be reported. If there is no link with the settlor then the keyword should be left blank.

The following options are applicable for the keyword Link-Settlor.

  • Settlor 1
  • Settlor 2

Secondary keyword in subgroupRelationship.s

Use the keyword Relationship.s to indicate the type of relationship between the trustee and the settlor.

Keyword in subgroupLink-Fiduciary

Use the keyword Link-Fiduciary to indicate whether there is a link with the fiduciary.

Quebec Schedule G requires you to indicate whether there is a relationship with the fiduciary. The relationship with each fiduciary must be reported. If there is no link with the fiduciary then the keyword should be left blank.

The following options are applicable for the keyword Link-Fiduciary.

  • Fiduciary 1
  • Fiduciary 2
  • Fiduciary 3

Secondary keyword in subgroupRelationship.s

Use the keyword Relationship.s to indicate the type of relationship between the trustee and the settlor.

Secondary keywordLegal-Guardian

Use the keyword Legal-Guardian to enter the name of the legal guardian. In many cases, the preferred beneficiary under the trust may not have the capacity to sign the statements required. In such cases, the Minister will accept an election that is signed on behalf of the beneficiary by the legal guardian of the beneficiary's property.

Secondary keywordRelationship

Use the keyword Relationship to enter the relationship of the preferred beneficiary to the settlor of the trust.

Keyword in subgroupDisability-Cr

Use the keyword Disability-Cr to indicate who is claiming the disability credit for the preferred beneficiary.

The following options are applicable for the keyword Disability-Cr.

  • Beneficiary claiming disability tax credit
  • Supporting individual claiming disability tax credit
  • Beneficiary over 18 years old and claimed as dependant

Secondary keyword in subgroupSupport-Name

Use the keyword Support-Name to enter the name of supporting individual who is claiming the disability tax credit on behalf of the preferred beneficiary.

Secondary keyword in subgroupSupport-Address

Support-Address address of supporting individual

Secondary keyword in subgroupSupport-SIN

Support-SIN social insurance number of supporting individual

Keyword in subgroupSpecified-Ben

Use the keyword Specified-Ben to indicate whether the beneficiary is someone who is both beneficially interested in the trust and who ordinarily inhabits the housing unit.

A personal trust may qualify for the use of the principal residence exemption if the trustees identify at least one specified beneficiary who ordinarily inhabits the property.

Secondary keyword in subgroupYear-Affected

Year-Affected year affected by the designation

Secondary keyword in subgroupSpouse-Name

Use the keyword Spouse-Name to enter the name of the specified beneficiary's spouse, former spouse or child. This information is required for form TP-274.A to certify that no other property has been designated as a principal residence by a member of the specified beneficiary's family.

Secondary keywordTransferor.ben

Use the keyword Transferor.ben to indicate whether the trust must issue a slip to allocate an income or a capital gain to this person who has transferred or loaned property to the trust under circumstances to which the income attribution rule applies. The information for this beneficiary will be entered in Part 4 of Quebec Schedule C.

Secondary keywordElect-Contributor

Use the keyword Elect-Contributor if the beneficiary (or contributor) has elected to be attributed and taxed on the income and gains on the property that he or she contributed to the trust.

The name of the electing beneficiary will be entered on the Quebec Schedule C in Section 4.

Secondary keywordCost-Base-Adj

Use the keyword Cost-Base-Adj to enter the amount by which the cost base of a beneficiary's interest in the trust may be reduced or increased. This amount will be entered on line 942 of schedule 9. The beneficiary's share of the amount will appear in box 42 of the T3 slip.

The beneficiary should keep track of this amount and include it when calculating the adjusted cost base in the year of disposition of the interest in the trust.

If the trust receives a T3 slip with an amount showing in box 42, the amount should not be entered with this keyword. Rather, the amount from the slip should be used to determine the ACB and entered in the CapitalProp group.

Keyword in subgroupAllocation-OV

Use the keyword Allocation-OV to indicate the type of income that is subject to the override.

The following options are applicable for the keyword Allocation-OV.

  • Capital property
  • Investment income
  • Pension income
  • Business income
  • Foreign income
  • Other income
  • Qualified investment expenditures (ITC)
  • Tax credits and deductions
  • Preferred beneficiary election

Secondary keyword in subgroupAmount.OV  ALT-J 

Use the keyword Amount.OV to override the automatic calculation of the income to be allocated to the beneficiary.

The following options are applicable for the keyword Amount.OV.

  • Registered pension plan (RPP)
  • Superannuation/pension plan
  • Life annuity - plan for services while NR
  • Lump sum - plan for services while NR
  • Foreign retirement arrangement
  • Other foreign pension
  • Deferred profit-sharing plan (DPSP)
  • Annuity of a minor
  • Dividends from taxable Canadian corporation
  • Eligible dividends
  • Dividend rental arrangement
  • Other dividends
  • Dividends from foreign corporations
  • Non-taxable dividends
  • Interest income
  • Interest from foreign sources
  • Other investment income
  • Other foreign investment income
  • Qualified small business corporation shares
  • QSBCS (before 19/03/07)
  • Qualified farm property
  • Qualified farm property (before 19/03/07)
  • Qualified fishing property
  • Qualified fishing property (before 19/03/07)
  • Foreign capital gains
  • Other taxable capital gains
  • Business income
  • Farming income
  • Fishing income
  • Rental income
  • Other taxable benefits
  • Eligible death benefits
  • NISA Fund 2
  • Eligible retiring allowance
  • Artist annuity
  • Other
  • Foreign business income taxes paid
  • Foreign non-business income taxes paid
  • Charitable donations
  • Capital losses
  • Non-capital losses
  • Part XII.2 tax credit
  • Other credits
  • Trust's total accumulating income
  • Amount designated under election
Use [Alt-J] to enter different values for other jurisdictions.

Secondary keyword in subgroupAmt-Designated  ALT-J 

Use the keyword Amt-Designated to override the automatic calculation of the designated amount to be allocated to the beneficiary.

The following options are applicable for the keyword Amt-Designated.

  • Registered pension plan (RPP)
  • Superannuation/pension plan
  • Life annuity - plan for services while NR
  • Lump sum - plan for services while NR
  • Foreign retirement arrangement
  • Other foreign pension
  • Deferred profit-sharing plan (DPSP)
  • Annuity of a minor
  • Dividends from taxable Canadian corporation
  • Eligible dividends
  • Dividend rental arrangement
  • Other dividends
  • Dividends from foreign corporations
  • Non-taxable dividends
  • Interest income
  • Interest from foreign sources
  • Other investment income
  • Other foreign investment income
  • Qualified small business corporation shares
  • Qualified farm property
  • Qualified fishing property
  • Foreign capital gains
  • Other taxable capital gains
  • Business income
  • Farming income
  • Fishing income
  • Rental income
  • Other taxable benefits
  • Eligible death benefits
  • NISA Fund 2
  • Eligible retiring allowance
  • Artist annuity
  • Other
Use [Alt-J] to enter different values for other jurisdictions.

Secondary keyword in subgroupDeemed-Div-OV  ALT-J 

DT Max will automatically redistribute the amount of non-deductible non-portfolio earnings. Use the keyword Deemed-Div-OV to override this automatic distribution of the designated amount of deemed eligible dividends on the beneficiary income allocation form.

The following options are applicable for the keyword Deemed-Div-OV.

  • Registered pension plan (RPP)
  • Superannuation/pension plan
  • Life annuity - plan for services while NR
  • Lump sum - plan for services while NR
  • Foreign retirement arrangement
  • Other foreign pension
  • Deferred profit-sharing plan (DPSP)
  • Annuity of a minor
  • Dividends from taxable Canadian corporation
  • Eligible dividends
  • Dividend rental arrangement
  • Other dividends
  • Dividends from foreign corporations
  • Non-taxable dividends
  • Interest income
  • Interest from foreign sources
  • Other investment income
  • Other foreign investment income
  • Qualified small business corporation shares
  • Qualified farm property
  • Qualified fishing property
  • Foreign capital gains
  • Other taxable capital gains
  • Business income
  • Farming income
  • Fishing income
  • Rental income
  • Other taxable benefits
  • Eligible death benefits
  • NISA Fund 2
  • Eligible retiring allowance
  • Artist annuity
  • Other
Use [Alt-J] to enter different values for other jurisdictions.

Secondary keyword in subgroupExpenses-OV

Use the keyword Expenses-OV to override the automatic calculation of the amount of qualified investment expenses to be allocated.

The following options are applicable for the keyword Expenses-OV.

  • ITC code 3A (at 30%)
  • ITC code 3B (at 30%)
  • ITC code 3B (at 20%)
  • ITC code 4B (at 20%)
  • ITC code 4C (at 20%)
  • ITC code 12 (at 15%)
  • ITC code 12 (at 10%)
  • ITC code 5 (at 15%)
  • ITC Code 6 (at 10%)
  • ITC Code 7 (at 25%)

Keyword in subgroupBeneficiary-Code

Use the keyword Beneficiary-Code to identify the type of beneficiary.

The following options are applicable for the keyword Beneficiary-Code.

  • Code 1 - Individual
  • Code 2 - Spouse holding a joint account
  • Code 3 - Corporation
  • Code 4 - Trust, association, club or partnership
  • Code 5 - Public body
  • Code 6 (Qc) - Spouse
  • Code 7 (Qc) - Other holding a joint account

Secondary keyword in subgroupBeneficiary-Type

Use the keyword Beneficiary-Type to indicate whether the other beneficiary holding the joint account is an individual or not.

If the other beneficiary is an individual, the name and social insurance number will be captured on the RL-16 slip.

The following options are applicable for the keyword Beneficiary-Type.

  • Individual
  • Other

Secondary keyword in subgroupName-Ln1.j

Use the keyword Name-Ln1.j to enter the family name or the business name of the joint account holder. This name will be printed on the RL-16 slip.

Secondary keyword in subgroupName-Ln2.j

Use the keyword Name-Ln2.j to enter the given name or the business name of the joint account holder. This name will be printed on the RL-16 slip.

Secondary keyword in subgroupSIN.j

Use the keyword SIN.j to enter the spouse's social insurance number.

Keyword in subgroupT3-Slip

Use the keyword T3-Slip to indicate the type of T3 slip to be produced.

DT Max will automatically complete a T3 slip "Statement of Trust Income Allocations and Designations" for each beneficiary resident in Canada to whom the trust allocated income in the year.

The following options are applicable for the keyword T3-Slip.

  • Original
  • Amended
  • Cancelled
  • Duplicate
  • Do not print

Secondary keyword in subgroupDate.slip

Use the keyword Date.slip to enter the date the slip was issued.

Secondary keyword in subgroupFootnotes

Use the keyword Footnotes to enter additional footnotes to the T3 slip.

Keyword in subgroupNR4-Slip

Use the keyword NR4-Slip to indicate the type of NR4 slip to be produced.

DT Max will automatically complete an NR4 slip "Statement of Amount Paid of Credited to Non-Residents of Canada" for each beneficiary non-resident in Canada to whom the trust allocated income in the year.

The following options are applicable for the keyword NR4-Slip.

  • Original
  • Amended
  • Cancelled
  • Duplicate
  • Do not print

Secondary keyword in subgroupDate.slip

Use the keyword Date.slip to enter the date the slip was issued.

Secondary keyword in subgroupFootnotes

Use the keyword Footnotes to enter additional footnotes to the T3 slip.

Keyword in subgroupNR4-Slip-OV

DT Max will automatically fill out the boxes on the NR4 slip. However, you may use the keyword NR4-Slip-OV to override the data entered if need be.

The following options are applicable for the keyword NR4-Slip-OV.

  • Line 1
  • Line 2

Secondary keyword in subgroupIncome-Code.nr4

Income-Code.nr4 type of income that appears on the NR4 slip (boxes 14, 24)

Secondary keyword in subgroupCurrency-Code

Currency-Code currency code (boxes 15, 25)

Secondary keyword in subgroupAmount-OV.nr4

Amount-OV.nr4 box number and amount to be overriden on the NR4 slip

The following options are applicable for the keyword Amount-OV.nr4.

  • Box (16)
  • Box (17)
  • Box (26)
  • Box (27)

Secondary keyword in subgroupExemption-Code

Exemption-Code exemption code that applies to the amount entered

The following options are applicable for the keyword Exemption-Code.

  • A Debt guaranteed by Canadian government
  • B Arm's length debt payable in foreign currency
  • C Exemption certificate issued under subs. 212(14)
  • D Corporate debt exempt under the 5-year rule
  • E Deposit in foreign branch of Canadian bank
  • F Deposit under the international banking provisions
  • G Royalty in respect of artistic copyright
  • H Withholding tax based on net rental income - 216(4)
  • I Exemption under Article XXI of Cdn-US tax treaty
  • J Non-resident under s. 217 or subs. 212(5.3)
  • K Loan to wholly-owned subsidiary - s. 218
  • L Securities lending arrangement with fin. institution
  • M Exempt capital gains dividends
  • N Leasing railway rolling stock, corporeal property
  • O R&D exp. under bona fide cost-sharing arrangement
  • P Management or admin. fee exempt under a tax treaty
  • Q Dividend/interest/royalty exempt under a tax treaty
  • R 212(1)(b)(iii)(E), 212(1)(b)(v) and 212(1)(d)(x)
  • S Exemption under other Income Tax Act provisions
  • T Exemption under other tax treaty provisions

Keyword in subgroupRL16

Use the keyword RL16 to indicate the type of RL-16 slip to be produced.

DT Max will automatically complete a RL-16 slip for each beneficiary resident in Quebec to whom the trust allocated income in the year.

The following options are applicable for the keyword RL16.

  • Original
  • Amended
  • Cancelled
  • Duplicate
  • Do not print

Secondary keyword in subgroupDate.slip

Use the keyword Date.slip to enter the date the slip was issued.

Secondary keyword in subgroupAmended-Slip

If an amended RL-16 slip is required, DT Max will automatically generate a new sequential number. This number will be printed in the top right-hand corner of the slip.

Secondary keyword in subgroupCurrency-Code.s

Currency-Code.s currency code

Secondary keyword in subgroupConsolidate.s

Use the keyword Consolidate.s to indicate whether the mutual fund trust is filing consolidated RL-16 slips. Consolidated RL-16 slips may be filed for amounts from different funds held by the same trust or for amounts relating to a joint spousal account.

Secondary keyword in subgroupFootnote

Use the keyword Footnote to enter additional footnotes to the RL-16 slip.

The following options are applicable for the keyword Footnote.

  • A-2 Split income - deemed cap. gain from ordinary dividends
  • A-3 Split income - deemed cap. gain from foreign dividends
  • E-1 Split income
  • F-1 Split income
  • G-1 Split income
  • G-2 Farming/fishing income entitled to an exemption
  • G-3 Split income from a business
  • G-7 Death benefit: amount of exemption
  • H-3 Split income - deemed cap. gain from ordinary dividends
  • I-1 Split income
  • J-1 Dividend tax credit: split income
  • L-1 Foreign tax on split income

Secondary keywordRL16-Serial#

Sequential numbers are mandatory for all RL-16 slips. These numbers are assigned by the government.

DT Max will automatically enter a different sequential number for each beneficiary. This number will appear on the top right-hand corner of the slip.

Secondary keywordSign-Date.ben

Use the keyword Sign-Date.ben to enter the date on which the beneficiary has signed the document.

Inc-Alloc-Info

Use the keyword Inc-Alloc-Info to enter information concerning income allocation to the beneficiaries. This information will be entered on federal Schedule 9.

The following options are applicable for the keyword Inc-Alloc-Info.

  • Total resident inc. allocated where no slips were prepared
  • Total resident income allocated to non-taxable entities
  • Taxable capital gains allocated to redeeming unit holders

PartXIII-Tax

Use the keyword PartXIII-Tax to enter additional information required to calculate Part XIII non-resident withholding tax.

Secondary keywordAdjustment.nr

Use the keyword Adjustment.nr to enter the amount of adjustment for non-cash items included in the total income paid or payable to non-resident beneficiaries.

Secondary keywordExempt-Amount.nr

Use the keyword Exempt-Amount.nr to enter amounts that are not subject to Part XIII tax. Such amounts may consist of distributions made by certain trusts that were established before 1949, or other amounts that are not subject to withholding tax based on tax treaties.

The following options are applicable for the keyword Exempt-Amount.nr.

  • Distributions by certain trusts created before 1949
  • Other (specify)

Secondary keywordWithhold-Tax-Rate

Every non-resident person is required to pay Canadian income tax of 25% under Part XIII of the Act, unless a tax treaty or convention provides for a lower rate.

In such a case, use the keyword Withhold-Tax-Rate to enter the applicable rate of Part XIII tax on amounts paid or credited to beneficiaries in countries with which Canada has a tax treaty.

Secondary keywordTax-Remitted

Use the keyword Tax-Remitted to enter the amount of tax already remitted on form NR76 entitled "Non-Resident Tax - Statement of Account".

Secondary keywordPayers-NR-Acct#

Use the keyword # to enter the account number under which the non-resident tax deductions were remitted. This number must match the account number shown on the remittance section of form NR76 entitled "Non-Resident Tax - Statement of Account".

This number will be printed on several forms such as the NR4 slip, the NR4 summary as well as Schedule 10.

Secondary keywordContact.nr

Use the keyword Contact.nr to identify the person from whom further information may be obtained regarding the NR4 return.

The following options are applicable for the keyword Contact.nr.

  • Trustee
  • Accountant

TSlip-OV

Use the keyword TSlip-OV to override the automatic production of T-slips.

DT Max will generate T3 and RL-16 slips (if applicable) for all beneficiaries who have been allocated income in the current year.

The following options are applicable for the keyword TSlip-OV.

  • All slips with income allocation
  • Slips with income allocation - minimum $100
  • Slips with income allocation - minimum $50
  • Do not print

Clearance

Use the keyword Clearance in order to generate a clearance certificate.

Under subsection 159(2) of the Income Tax Act, a legal representative has to get a clearance certificate before distributing property that they control in such capacity. If the property is distributed without a certificate, the legal representative may become liable for any unpaid amounts.

A clearance certificate is not required before each distribution, as long as sufficient properties are available to pay any liabilities.

For more information, see the information circular titled Clearance certificate on the CRA's Web site.

The following options are applicable for the keyword Clearance.

  • TX-19
  • TX-19 / MR-14.A
  • MR-14.B
  • Do not print

Keyword in subgroupPersonal-Info

Use the keyword Personal-Info to enter the deceased person's last name and other personal information.

Secondary keyword in subgroupFirst-Name

First-Name first name

Secondary keyword in subgroupBirthDate

Use BirthDate to enter the deceased person's date of birth.

DT Max will use the format DD-MM-YY or DD-MM-YYYY, as indicated on the screen. Use the four-digit year format for all individuals born in 1900 or earlier.

Warning: If you do not know the year of birth, do not use "00" as a standard default for the year. DT Max would interpret this as meaning that the taxpayer was born in the year 1900, which may not be the case

Secondary keyword in subgroupStreet

Use the keyword Street to enter the civic number and name of the street.

Secondary keyword in subgroupCity

Use the keyword City to enter the name of the city.

Secondary keyword in subgroupProvince

Use the keyword Province to enter the name of the province.

The following options are applicable for the keyword Province.

Secondary keyword in subgroupPostal-Code

Use this keyword to enter the postal code. DT Max will ensure that it is printed in the correct format (A1B 2C3) on the tax return.

Keyword in subgroupMarital-Status

Use the keyword Marital-Status to enter the deceased person's marital status.

The following options are applicable for the keyword Marital-Status.

  • Married
  • Common-law spouse
  • Widowed
  • Divorced
  • Separated
  • Single
  • Religious

Secondary keyword in subgroupLast-Name.s

Use the keyword Last-Name.s to enter the spouse's last or family name.

Secondary keyword in subgroupFirst-Name

First-Name first name

Secondary keyword in subgroupSIN.s

Use the keyword SIN.s to enter the spouse's social insurance number.

Secondary keyword in subgroupMatrimony-Regime

Use the keyword Matrimony-Regime to enter the deceased person's matrimonial regime.

The following options are applicable for the keyword Matrimony-Regime.

  • Partnership of acquests
  • Community of property
  • Separation as to property

Secondary keyword in subgroupDate-Death.s

Use the keyword Date-Death.s to enter the spouse's date of death.

Secondary keywordStatus

Use the keyword Status to enter the deceased person's status.

The following options are applicable for the keyword Status.

  • Salaried employee
  • Self-employed
  • Pensioner
  • Other (specify)

Keyword in subgroupReturns-filed

Use the keyword Returns-filed to indicate whether an income tax return was filed for the year of death.

The following options are applicable for the keyword Returns-filed.

  • Yes
  • No

Secondary keyword in subgroupType.f

Use the keyword Type.f to enter the types of returns filed.

The following options are applicable for the keyword Type.f.

  • Final return
  • Return for income from a testamentary trust
  • Return for rights or things
  • Return for a partner or proprietor
  • Corporation return
  • T3 trust income and information return

Secondary keyword in subgroupReason

Use the keyword Reason to explain why there was no income tax return filed for the year of death.

Keyword in subgroupProperty

Use the keyword Property to enter the market value of the property in Canada.

This information will be reported on Quebec schedule MR-14.A to determine the value of the property to be distributed.

The following options are applicable for the keyword Property.

  • Cash on hand/on deposit at financ. institution
  • Stocks, stock options, and bonds
  • Deposit certificates, Treasury bills
  • Insurance proceeds
  • Annuities, pensions
  • RRSP's
  • RRIF's, DPSP's, other such plans
  • Hypothecary claims and mortgages
  • Immovables other than principal residence
  • Principal residence
  • Other property (specify)

Secondary keyword in subgroupLot-Info

Use the keyword Lot-Info to enter the lot and cadastre numbers of any immovables, and the names of the municipalities where the immovables are located.

If applicable, also enter the complete addresses of any buildings located there.

Secondary keyword in subgroupPlan-Name

Plan-Name name of plan

Secondary keywordDebts

Use the keyword Debts to enter the deceased person's outstanding debts.

This information will be reported on Quebec schedule MR-14.A to determine the value of the property to be distributed.

The following options are applicable for the keyword Debts.

  • Loans
  • Accounts payable
  • MRQ taxes
  • CRA taxes
  • Other taxes
  • Mortgages
  • Other (specify)

Secondary keywordDistributedProp

Use the keyword DistributedProp to enter the value of any property already distributed.

This information will be reported on Quebec schedule MR-14.A line 42 to determine the value of the property to be distributed.

Keyword in subgroupApplicant

Use the keyword Applicant to identify the person applying for the distribution certificate.

The following options are applicable for the keyword Applicant.

  • Trustee
  • Accountant
  • Other (specify)

Secondary keyword in subgroupTitle.mr

Use the keyword Title.mr to enter the title or position of the applicant.

Secondary keyword in subgroupSIN.mr

Use the keyword SIN.mr to enter the social insurance number of the applicant.

Secondary keyword in subgroupNEQ.mr

Use the keyword NEQ.mr to enter the Quebec enterprise number of the applicant.

Secondary keyword in subgroupStreet.mr

Use the keyword Street.mr to enter the civic number and name of the street.

Secondary keyword in subgroupSuite.mr

Use the keyword Suite.mr to enter a suite number.

If you do enter a suite number, DT Max will print the hash sign "#" and the number. Otherwise, DT Max will not print anything.

Do not enter the word "Suite" or the hash sign "#". If a suite number is available, enter the number only.

Secondary keyword in subgroupCity.mr

Use the keyword City.mr to enter the name of the city.

Secondary keyword in subgroupProvince.mr

Use the keyword Province.mr to enter the name of the province.

The following options are applicable for the keyword Province.mr.

  • Newfoundland and Labrador
  • Prince Edward Island
  • Nova Scotia
  • New Brunswick
  • Quebec
  • Ontario
  • Manitoba
  • Saskatchewan
  • Alberta
  • British Columbia
  • Yukon
  • Northwest Territories
  • Nunavut
  • Other (specify)

Secondary keyword in subgroupCountry.mr

Use the keyword Country.mr to enter the name of the country if other than Canada.

Secondary keyword in subgroupPostCode.mr

Use the keyword PostCode.mr to enter the postal code.

DT Max will ensure that it is printed in the correct format (A1B 2C3) on the tax return.

Secondary keyword in subgroupForPostCode.mr

Use the keyword ForPostCode.mr to enter the foreign postal code for a mailing address outside of Canada.

Secondary keyword in subgroupTelephone.mr

Use the keyword Telephone.mr to enter the home phone number [e.g. (123) 456-7890].

Secondary keyword in subgroupPhone-Office.mr

Use the keyword Phone-Office.mr to enter the phone number at the office [e.g. (123) 456-7890].

Secondary keywordCharter

Use the keyword Charter to indicate the jurisdiction under which the charter was obtained.

The following options are applicable for the keyword Charter.

  • Federal
  • Quebec
  • Other (specify)

Secondary keywordBusiness-Ceased

Business-Ceased date on which business activities ceased (if applicable)

Secondary keywordReason.mr

Use the keyword Reason.mr to indicate the reason for the application for a "Notice Before Distribution of the Property".

The following options are applicable for the keyword Reason.mr.

  • Voluntary dissolution of the corporation
  • Winding-up of the corporation
  • Possession taken by the trustee
  • Distribution of the trust's property
  • Sale of a substantial portion of the property
  • Other (specify)

Secondary keywordBook-Value

Use the keyword Book-Value to enter both the value of property administered and the value of any property already distributed.

The following options are applicable for the keyword Book-Value.

  • Property administered
  • Value of property already distributed

Secondary keywordMarket-Value

Use the keyword Market-Value to enter both the value of property administered and the value of any property already distributed.

The following options are applicable for the keyword Market-Value.

  • Property administered
  • Value of property already distributed

Secondary keywordDistribute-Date

Use the keyword Distribute-Date to enter the date when the property referred to was distributed.

Keyword in subgroupLast-Return

Use the keyword Last-Return to indicate the type and date of the last income tax return filed.

The following options are applicable for the keyword Last-Return.

  • TP-1-V
  • CO-17-V
  • TP-646-V

Secondary keyword in subgroupTaxation-Year.mr

Taxation-Year.mr taxation year

Secondary keywordBusiness-Info

Use the keyword Business-Info to indicate whether the individual or corporation carried on a business.

Keyword in subgroupSource-Deduct

Use the keyword Source-Deduct to choose the type of source deduction return that was last filed.

The following options are applicable for the keyword Source-Deduct.

  • TPZ-1015.R.14.1-V
  • TPZ-1015.R.14.2-V
  • TPZ-1015.R.14.3-V
  • TPZ-1015.R.14.4-V

Secondary keyword in subgroupDate.mr

Date.mr date a return was last filed

Secondary keyword in subgroupPeriod.mr

Use the keyword Period.mr to specify the period covered by the last return.

The following options are applicable for the keyword Period.mr.

  • Start
  • End

Keyword in subgroupQST-Return

Use the keyword QST-Return to select the type of QST return that was last filed.

The following options are applicable for the keyword QST-Return.

  • VDZ-471-V
  • FPZ-500-V

Secondary keyword in subgroupDate.mr

Date.mr date a return was last filed

Secondary keyword in subgroupPeriod.mr

Use the keyword Period.mr to specify the period covered by the last return.

The following options are applicable for the keyword Period.mr.

  • Start
  • End

Keyword in subgroupOther-Return

Other-Return other return(s) filed

Secondary keyword in subgroupDate.mr

Date.mr date a return was last filed

Secondary keyword in subgroupPeriod.mr

Use the keyword Period.mr to specify the period covered by the last return.

The following options are applicable for the keyword Period.mr.

Keyword in subgroupRL1-Slips

Use the keyword RL1-Slips to indicate the last filing date of RL-1 slips.

Secondary keyword in subgroupTaxation-Year.mr

Taxation-Year.mr taxation year

Keyword in subgroupRLZ-1-S

Use the keyword RLZ-1-S to indicate the last filing date of the "Summary of source deductions and employer contributions" or the "Temporary summary of source deductions and employer contributions".

Secondary keyword in subgroupTaxation-Year.mr

Taxation-Year.mr taxation year