DT Max - T-slip information

T-slip information

T-Slip

The keyword T-Slip was introduced to facilitate the entry of common information slips. Use it to select the appropriate slip.

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

See the CRA's general income tax guide:
Line 01 - Taxable capital gains
Line 03 - Total of actual amount of dividends from taxable Canadian corporations
Line 19 - Other deductions from total income

Name.t

Use Name.t to enter the name of the issuer of the information slip.

Dividend.t

Enter the actual amount of dividends received as indicated in box 10 of the T5 or box 23 of the T3.

The calculation of the gross-up amount of actual dividends from a taxable Canadian corporation retained by the trust will be done on Schedule 8. Federally, the gross-up rate for eligible dividends received in the year is 45% and 25% for regular dividends.

The gross-up does not apply to taxable Canadian dividends received by the trust if they are allocated to a non resident beneficiary.

DT Max will report the grossed up portion (125%) of the regular dividends and (145%) of the eligible dividends as the taxable amount of dividends from Canadian corporations reported on line 3 of the federal income tax return.

DT Max will also claim 13.33% of the regular dividends and 19% of the eligible dividends as a federal dividend tax credit.

The following options are applicable for the keyword Dividend.t.

Actual amount of ordinary dividends

Actual amount of eligible dividends

Use [Alt-J] to enter different values for other jurisdictions.

Cap-Gains.t

Enter the amount of capital gains from box 18 of the T5 and box 21 of the T3.

DT Max will report this amount schedule 1of the federal trust return and Schedule A of the Quebec trust return.

The following options are applicable for the keyword Cap-Gains.t.

Capital gains or losses

Qualified small business corporation shares

Qualified farm property

Qualified fishing property

Use [Alt-J] to enter different values for other jurisdictions.

Lump-Sum-Pen.t

Enter the amount received as lump-sum pension income as indicated in box 22 of the T3. DT Max will include this amount on line 19 of the federal income tax return.

Use [Alt-J] to enter different values for other jurisdictions.

Interest.t

Enter the amount of interest from Canadian sources as indicated in box 13 of the T5.

DT Max will report the total interest calculated on line 5 of the federal trust return and line 51 of the Quebec trust income tax return. Use [Alt-J] to enter different values for other jurisdictions.

See the CRA's general income tax guide:
Line 05 - Other investment income

Other-Income.t

Enter the amount of other income as indicated in box 26 of T3 and box 14 of T5.

The following options are applicable for the keyword Other-Income.t.

Interest income

Pension income

Eligible retiring allowance

Other income

Other income (specify)

Use [Alt-J] to enter different values for other jurisdictions.

See the CRA's general income tax guide:
Line 19 - Other deductions from total income

Foreign-Inc.t

Use the keyword Foreign-Inc.t 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.t.

Foreign - 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 55 of the T5013..
DT Max will report this amount on line 4 of the federal income tax return and on line 52 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 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.

Foreign - 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 box 55 of the T5013.
DT Max will report this amount on line 4 of the federal income tax return and on line 52 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 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.

Foreign - business

Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3.
Enter the amount of foreign business income as indicated in box 24 of the T3.
The amount from box 24 of the T3 will be reported on line 6 of the federal trust return.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.

Exchange.t

Use the keyword Exchange.t to enter the exchange rate at which income is to be converted to Canadian dollars. If you entered the amount in Canadian dollars, no entry is required here.

Click here for the CRA's records of average exchange rates.

See the CRA's general income tax guide:
Line 01 - Taxable capital gains
Line 03 - Total of actual amount of dividends from taxable Canadian corporations
Line 19 - Other deductions from total income

Country.t

Use the keyword Country.t to select the country of origin of the foreign income.

DT Max will group the foreign income on a country-by-country basis and will calculate the foreign tax credits and deductions for each country.

Foreign-Tax.t

Use the keyword Foreign-Tax.t 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.t.

Foreign - 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 55 of the T5013..
DT Max will report this amount on line 4 of the federal income tax return and on line 52 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 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.

Foreign - 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 box 55 of the T5013.
DT Max will report this amount on line 4 of the federal income tax return and on line 52 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 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.

Foreign - business

Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3.
Enter the amount of foreign business income as indicated in box 24 of the T3.
The amount from box 24 of the T3 will be reported on line 6 of the federal trust return.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.

Royalties.t

Enter the source of the royalty income indicated in box 17 of T5 with the amount under the relevant option.

Accrued-Annuities

Enter the amount of pension annuity income received. Use [Alt-J] to enter different values for other jurisdictions.

LinkNotes-Interest

Use the keyword LinkNotes-Interest to enter the total interest that is deemed to accrue pursuant to subsection 20(14.2) of the Act from the assignment or transfer of linked notes as indicated in box 30 of the T5 slip. Use [Alt-J] to enter different values for other jurisdictions.

See the CRA's general income tax guide:
Line 01 - Taxable capital gains
Line 03 - Total of actual amount of dividends from taxable Canadian corporations
Line 19 - Other deductions from total income

Ins-FundLoss.t

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 10 of schedule 1 of the federal trust income tax return as a capital loss. Use [Alt-J] to enter different values for other jurisdictions.

PartXII-2-Cr.t

Enter the amount of part XII.2 tax credit as indicated in box 38 of the T3.

Donations.t

Use the keyword Donations.t to specify the type of charitable donation or gift and enter the amount.

The following options are applicable for the keyword Donations.t.

Canadian charitable donations

Use this option to report Canadian charitable donations. Enter the amount of the donations made in the current year and the name of the recipient with the keyword Amount.d. Include all donations for the current year, even if they exceed 75% of the net income.
You may choose this option to enter the amount of the charitable donations shown in box 103 of the T5013.
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 Amount-CF.d for the relevant year.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.

Gifts to government

Use this option to indicate that these gifts to Canada or to a province were made after February 18, 1997. Enter the value of the gift using the keyword Amount.d.
Select this option to enter the partner's share of all gifts, including cultural property to Canada or a to province, as indicated in 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 prior years. Carryforwards will be calculated by DT Max and used automatically when possible. If you are entering data for a client not currently in your DT Max database, enter gift carryforwards from past years using the keyword Amount-CF.d.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.

Cultural and ecological gifts

Certified cultural property
A tax credit can be claimed based on the eligible amount of gifts of certified cultural property. The eligible amount of the gift is calculated based on the fair market value (FMV) of the property, as determined by the Canadian Cultural Property Export Review Board (CCPERB).

Ecologically sensitive land gifts (after Feb. 10,2014)

Gifts of ecologically sensitive land
A tax credit can be claimed based on the eligible amount of a gift of ecologically sensitive land (including a covenant, an easement, or, in the case of land in Quebec, a real servitude) made to Canada, or one of its provinces, territories, or municipalities, or a registered charity approved by the Minister of the Environment.

Gift of work of art to a Quebec museum (125%)

If, after March 14, 2000, you donated a work of art to a museum located in Quebec or other similar institution duly accredited, you may enter 125% of the amount used in the calculation of the credit.

Gift of work of art to a Quebec museum (150%)

Use [Alt-J] to enter different values for other jurisdictions.

ITC-Invest.t

Enter the amount of investment eligible for an ITC pursuant to box 40 of the T3 slip.

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 34 of the federal schedule 11.

The following options are applicable for the keyword ITC-Invest.t.

[67120] ITC - 15% 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] ITC - 15% Contr. made to agricultur. org. for SR&ED

Agricultural producers can access ITCs earned on contributions made to agricultural organizations that fund SR&ED. Enter the amount on line 6715 in Part A. The rate is 15%.

[67140] ITC - 10% 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%.

[67170] ITC - 15% Flow-through mining expenditures

Mineral exploration tax credit (METC)
Certain renounced Canadian exploration expenses qualify for the ITC. For Canadian exploration expenses renounced by a corporation to an individual (or a partnership of which the individual is a member) and reported in box 128 of a T101, Statement of Resource Expenses slip or in box 194 of a T5013, Statement of Partnership Income slip, the specified percentage is 15%. You must subtract the amount of any allowable provincial tax credit. The renunciation must be under a flow-through share (FTS) agreement entered into after March 2014 and before April 1, 2015 with FTS financing for mineral exploration (which excludes coal deposits, tar sands, oil and gas).

[67180] ITC - 10% Apprenticeship job creation

Apprenticeship job creation tax credit (AJCTC)
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.

ITC-Credit.t

Enter the amount of investment tax credit (ITC) from box 41 of the T3 slip. Enter also the information appearing in the "Details" section, which provides the investment amount, code, rate, and credit for each type of property or expenditure eligible for the ITC (keyword ITC-Invest.t).

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.t in this group.

If the relevant information is not available under ITC-Invest.t, this amount will be indicated on the T2038 without the investment amount or code related to the ITC credit.

If both ITC-Invest.t and ITC-Credit.t 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 34 of the Schedule 11.

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.

For-Deduct-OV.t

Use the keyword For-Deduct-OV.t to override the automatic calculation of the deduction claimed under subsection 20(11).

This type of entry must be personalized, i.e. the 20(11) deduction is calculated on an individual basis. A separate 20(11) deduction will be calculated for each investment income, for each different country. Therefore, if an override is required, it must be entered within the group where it is to apply.

DT Max will enter this amount as other deduction from total income on line 40 of the federal return and on line 70 of the Quebec return.

The following options are applicable for the keyword For-Deduct-OV.t.

Deduction under subsection 20(11) (no tax limit)

The option "Deduction under subsection 20(11) (no tax limit)" will override the deduction according to subsection 20(11) in column 7 on the in-house form Summary of Foreign Income. However, this option will not limit the foreign tax eligible for a foreign tax credit to 15% in column 8.

Deduction under subsection 20(11) (15% income tax limit)

The option "Deduction under subsection 20(11) (15% income tax limit)" will override the deduction according to subsection 20(11), column 7 on the in-house form Summary of Foreign Income. This option will maintain the limit of the foreign tax eligible for a foreign tax credit to 15% in column 8.

See the CRA's general income tax guide:
Line 44 - Total federal tax payable

Partnership

Partnership statement of partnership income

The following options are applicable for the keyword Partnership.

T5013

Name.t5013

Name.t5013 name of the issuer of the T-slip

Member-Code

Enter the Member-Code from box 002 of the T5013.

The following will appear:

0 or 3 -    for a limited partner

1 -    for a specified member

2 -    for a general partner

It is essential to make an entry in this field to enable DT Max to calculate the eligible income/losses for any shelter.

If you have the code 3 for a limited partner's exempt interest as defined in subsection 96(2.5), select the code 0 for a limited partner. 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.

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

0, 3 or 5 - Limited partner

1 - Specified member

2 - General partner

Tax-Shelter

Use Tax-Shelter to enter the tax shelter number (8 characters in the format TSNNNNNN).

QueTaxShelter.t

Use QueTaxShelter.t to enter the Quebec tax shelter number (12 characters in the format QAF NN NNNNN).

PIN.t

This is the partnership account number (9 characters) as indicated in box 001 of the T5013 in the format NNNNNNNNNRZNNNN. ("N" refers to a numeric character.) Do not enter the program identifier RZNNNN.

PINQ.t

This is the partnership identification number (16 characters) as indicated in your RL-15 slip in the format NNNNNNNNNNAANNNN. ("A" refers to an alphanumeric character, and "N" refers to a numeric character.)

Exchange.t5013

Use the keyword Exchange.t5013 to enter the exchange rate at which income is to be converted to Canadian dollars. If you entered the amount in Canadian dollars, no entry is required here.

Click here for the CRA's records of average exchange rates.

Renunciation

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. This amount may also be found in boxes 28 of RL-15.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 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 box 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.

CDE - Canadian development expenses

Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013. This amount may also be found in boxes 30 and 31 of RL-15.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 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 19 of the federal income tax return and line 61 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 box 35 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.

QEE - Quebec exploration expenses (10%)

QEE-OG - Que. oil & gas expl. expenses (10%)

Repaid assistance of CEE [226]

Repaid assistance of CDE [227]

Repaid assistance of CCOGPE [228]

Accelerated CDE [234]

Accelerated COGPE [235]

QEE not entitled to additional deduction

Quebec renewable and conservation expenses

Quebec development expenses

Exploration expenses in the Quebec North (Memo)

Use [Alt-J] to enter different values for other jurisdictions.

Assistance

Assistance assistance amount of CEE and CDE (T5013 boxes 192, 193)

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. This amount may also be found in boxes 28 of RL-15.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 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 box 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.

CDE - Canadian development expenses

Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013. This amount may also be found in boxes 30 and 31 of RL-15.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 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 19 of the federal income tax return and line 61 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 box 35 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.

QEE - Quebec exploration expenses (10%)

QEE-OG - Que. oil & gas expl. expenses (10%)

Amount receivable of CEE [229]

Amount receivable of CDE [230]

Amount receivable of CCOGPE [231]

Proceeds of disposition of CDE [232]

Proceeds of disposition of CCOGPE [233]

Exploration expenses in the Quebec North (Memo)

Use [Alt-J] to enter different values for other jurisdictions.

Amount-for-ITC

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 the T5013 slip must be reported on line 6717 of Form T2038(IND). This line corresponds to code 5 and leads to a non refundable credit of 15%.

InterestFree

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

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 - CEE

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.

JournalismLabour

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 91 of the T3 Trust Income Tax Return.

The following options are applicable for the keyword JournalismLabour.

Claim credit and include in business income

Claim credit only (already included in business income)

FarmerFuelCharge

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)

Lp-Farming

Lp-Farming limited partnership farming income (loss) (T5013 box 101) Use [Alt-J] to enter different values for other jurisdictions.

Lp-Farm-AGRI

Lp-Farm-AGRI AgriStability/AgriInvest (T5013 box 102)

Lp-Fishing

Lp-Fishing limited partnership fishing income (loss) (T5013 box 103) Use [Alt-J] to enter different values for other jurisdictions.

Lp-Business

Lp-Business limited partnership business income (loss) (T5013 box 104)

The following options are applicable for the keyword Lp-Business.

Income per business code

Film

Resources

Use [Alt-J] to enter different values for other jurisdictions.

Lp-Rental

Lp-Rental limited partnership rental income (loss) (T5013 box 107) Use [Alt-J] to enter different values for other jurisdictions.

At-Risk-Amt

Enter the at-risk amount indicated in box 105 of the T5013. Use [Alt-J] to enter different values for other jurisdictions.

Partner-Loss.t

Use Partner-Loss.t to enter the deductible amount of the loss allocated to the limited partner.

This is restricted to the partner's at-risk amount, minus certain deductions. Any unused portion which may be carried forward against future at-risk amounts in the same partnership is indicated in box 108. DT Max will carry this amount into 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.t.

Ltd partnership loss to carryforward

Enter the amount indicated in box 24 of the T5013. This is the partner's limited partnership loss that can be carried forward to subsequent years. DT Max will carry this amount forward indefinitely with the keyword Partner-Loss.t and the option "Ltd partnership loss carried forward - prior years".
This amount may be deducted in a later year if the partner has a positive at-risk amount at that time. Enter the amount you want to deduct against an increased at-risk amount with Partner-Loss.t and the option "Ltd partnership loss c/f to be used in current year".

Ltd partnership loss carried forward - prior years

Enter the partner's limited partnership loss carried forward from prior years. DT Max will not automatically deduct a loss. In order to apply a limited partnership loss from prior years, use the keyword Partner-Loss.t and the option "Ltd partnership loss c/f to be used in current year". DT Max will then adjust the amount to be carried forward.

Ltd partnership loss c/f to be used in current year

If the partner has a positive at-risk amount, enter the amount of loss to be deducted on line 54 of the federal income tax return and on line 91 of form TP-646. The carryforward will be adjusted accordingly.

Use [Alt-J] to enter different values for other jurisdictions.

OtherInc.t5

OtherInc.t5 other income (T5013 box 114) Use [Alt-J] to enter different values for other jurisdictions.

BusinessInc

BusinessInc business income (loss) (T5013 box 116)

The following options are applicable for the keyword BusinessInc.

Income per business code

Film

Resources

Use [Alt-J] to enter different values for other jurisdictions.

ProfessionalInc

ProfessionalInc professional income (loss) (T5013 box 120) Use [Alt-J] to enter different values for other jurisdictions.

CommissionInc

CommissionInc commission income (loss) (T5013 box 122) Use [Alt-J] to enter different values for other jurisdictions.

FarmingInc

FarmingInc farming income (loss) (T5013 box 124) Use [Alt-J] to enter different values for other jurisdictions.

FishingInc

FishingInc fishing income (loss) (T5013 box 126) Use [Alt-J] to enter different values for other jurisdictions.

RentalInc

RentalInc canadian and foreign net rental income (loss) (T5013 box 110) Use [Alt-J] to enter different values for other jurisdictions.

GrossBusiness

GrossBusiness gross business income (T5013 box 118)

The following options are applicable for the keyword GrossBusiness.

Income per business code

Film

Resources

Use [Alt-J] to enter different values for other jurisdictions.

GrossProfession

GrossProfession gross professional income (T5013 box 121) Use [Alt-J] to enter different values for other jurisdictions.

GrossCommission

GrossCommission gross commission income (T5013 box 123) Use [Alt-J] to enter different values for other jurisdictions.

GrossFarming

GrossFarming gross farming income (T5013 box 125) Use [Alt-J] to enter different values for other jurisdictions.

GrossFishing

GrossFishing gross fishing income (T5013 box 127) Use [Alt-J] to enter different values for other jurisdictions.

GrossRental

GrossRental partnership's total gross rental income Use [Alt-J] to enter different values for other jurisdictions.

Jurisdict.t

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.

The following options are applicable for the keyword Jurisdict.t.

Newfoundland and Labrador

Prince Edward Island

Nova Scotia

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

Other (specify)

Use [Alt-J] to enter different values for other jurisdictions.

Interest.t5013

Enter the amount of interest from Canadian sources as indicated in box 128 of the T5013. Use [Alt-J] to enter different values for other jurisdictions.

Dividend-Act

Enter the actual amount of dividends received as indicated in box 129 of the T5013.

The following options are applicable for the keyword Dividend-Act.

Actual amount of ordinary dividends

Use [Alt-J] to enter different values for other jurisdictions.

EligDividend-Act

Enter the actual amount of dividends received as indicated in box 132 of the T5013.

The following options are applicable for the keyword EligDividend-Act.

Actual amount of eligible dividends

Use [Alt-J] to enter different values for other jurisdictions.

Foreign-Inc.

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 - 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 55 of the T5013..
DT Max will report this amount on line 4 of the federal income tax return and on line 52 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 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.

Foreign - 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 box 55 of the T5013.
DT Max will report this amount on line 4 of the federal income tax return and on line 52 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 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.

Foreign - business

Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3.
Enter the amount of foreign business income as indicated in box 24 of the T3.
The amount from box 24 of the T3 will be reported on line 6 of the federal trust return.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.

Foreign - 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 26-1 of the T5013. This amount is already included in box 26 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 81.

Foreign - capital gains

Choose this option to enter foreign source capital gains (losses) or the taxes paid on such gains as reported on a T5013.
Enter the amount of foreign capital gains that may be reported in the "Details" section of the T5013 regarding box 70.
The amount of foreign capital gains from the "Details" section of the T5013 is already included in box 70. Hence, this amount is entered with both Cap-Gains and Foreign-Inc, but is included in income only once.
Enter the amount of taxes paid on the foreign capital gains that may be reported in the "Details" section of the T5013 regarding box 81.
The entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.

Country.t5013

Enter the name of the country on the following basis:

DT Max will calculate the foreign tax credits and deductions on a country-by-country basis.

Foreign-Tax.

Use the keyword Foreign-Tax. to enter the type and amount of foreign income tax paid, as indicated on the T-slip.

Bus-Inv-Loss

Choose the relevant option to enter the information provided in box 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 25 of the federal income tax return and line 69 of the Quebec income tax return.

If the taxpayer could not use all of the ABIL, DT Max will carry forward the unused amount into next year's database as Loss-CF.

The following options are applicable for the keyword Bus-Inv-Loss.

BIL - Business investment loss - OV [137]

Use this option to enter the gross business investment loss in box 56 of the T5013. DT Max will use this amount to override the BIL calculation.

BIL - Proceeds of Disposition [142]

Use this option to enter the proceed of disposition indicated in box 142 of the T5013 regarding the business investment loss (BIL) in box 137. DT Max will use this amount to calculate the BIL. If you enter the amount reported in box 56 of the T5013 with the option "Gross business investment loss - OV", you will override the amount calculated by DT Max.
DT Max will report the allowable business investment loss on line 25 of the federal income tax return.

BIL - Adjusted cost base [143]

Use this option to enter the adjusted cost base indicated in box 56-6 of the T5013 regarding the business investment loss (BIL) in box 56. DT Max will use this amount to calculate the BIL. If you enter the amount reported in box 56 of the T5013 with the option "Gross business investment loss - OV" , you will override the amount calculated by DT Max.
DT Max will report the allowable business investment loss on line 25 of the federal income tax return.

BIL - Outlays or expenses [144]

Use this option to enter the outlays or expenses indicated in box 56-7 of the T5013 regarding the business investment loss (BIL) in box 56.

Comp-Payments

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.

OtherInvest.t5

OtherInvest.t5 other investment income (T5013 box 146) Use [Alt-J] to enter different values for other jurisdictions.

See the CRA's general income tax guide:
Line 05 - Other investment income

COVID19-Assist.t

Use the keyword COVID19-Assist.t to enter any Canada Emergency Wage Subsidy (CEWS) amount included in the partnership's income and allocated to the trust. The total amount received for the tax year must be included on line 11, Other Income, on the T3 trust return.

Use [Alt-J] to enter different values for other jurisdictions.

See the CRA's general income tax guide:
Line 19 - Other deductions from total income

Carry-Charge

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.

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 21 of the federal income tax return and line 64 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 59 of the T5013. DT Max will deduct this amount on line 21 of the federal income tax return and line 64 of the Quebec income tax return.

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 - rental

Patronage-Div

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. This amount will be entered on line as other income on line 61 of the Quebec trust 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 94 of the Quebec tax return.

Cap-Gains

Enter the amount of capital gains from box 151 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 Partnership group, for the purpose of determining the foreign tax credit and deduction available.

DT Max will report this amount on schedule 1 and on line 1 of the federal income tax return.

The following options are applicable for the keyword Cap-Gains.

Capital gains or losses

Last year's capital gains reserve

Choose this option to enter the amount of last year's capital gains reserve that was allocated in the previous year and included in current year income. This amount may be reported in box 152 of the T5013. DT Max will reduce the amount of capital gain on line 1100 of the federal schedule 1 and line 213 of the Quebec schedule A as this amount is included in box 151 of the T5013. The amount that should be included in income should be entered with the keyword In-Income within the appropriate CAP-RESERVES group.

Qualified small business corporation shares

Qualified farm property

Qualified fishing property

Portion re: capital loss exceeding taxable cap gain (AMT)

Portion re: property used for business (AMT)

Portion re: prop. used to earn prop. income (AMT)

Use [Alt-J] to enter different values for other jurisdictions.

Reserve.t

Use this keyword to enter the amount of capital gains reserve appearing in box 159 of the T5013 slip.

DT Max will report this amount on federal schedule 2 and Quebec schedule A.

The following options are applicable for the keyword Reserve.t.

Capital gains reserves [159]

Qualified small business corporations shares

In the year of disposal, DT Max will classify the gain or loss as a qualified small business corporation gain or loss. Otherwise, DT Max will classify the gain or loss as a non-qualified small business corporation gain or loss.

Qualified farm property

Choose this option if you are reporting a capital gain or loss from a disposition of qualified farm property.

Qualified fishing property

Other capital property

Use [Alt-J] to enter different values for other jurisdictions.

FIT.t

Federal income tax amounts deducted at source.

PIT.t

Quebec income tax amounts deducted at source.

CCA.t

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, 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 and is subject to AMT. For general partners in a limited partnership, the CCA from films is included in the net income 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 the Quebec income tax return for limited and specified partners. For active partners, the CCA from films is included in the net income reported and has no AMT consequences.

The following options are applicable for the keyword CCA.t.

CCA - certified Canadian film

CCA - rental property

Use [Alt-J] to enter different values for other jurisdictions.

Resource-Add

Choose the relevant option and enter the Canadian and foreign exploration and development expenses indicated on T5013. 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 reported as income on line 19 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. This amount may also be found in boxes 28 of RL-15.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 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 box 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.

CDE - Canadian development expenses

Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013. This amount may also be found in boxes 30 and 31 of RL-15.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 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 19 of the federal income tax return and line 61 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 box 35 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.

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. This amount may also be found in box 30 of RL-15.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 40 of the federal income tax return and line 70 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 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.

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 40 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 (10%)

QEE-SM - Que. surface mining expl. exp. (10%)

Repaid assistance of CEE [226]

Repaid assistance of CDE [227]

Repaid assistance of CCOGPE [228]

Accelerated CDE [234]

Accelerated COGPE [235]

QEE not entitled to additional deduction

Quebec renewable and conservation expenses

Quebec development expenses

Use [Alt-J] to enter different values for other jurisdictions.

Resource-Ass

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 use to calculate the allowable deduction for your appropriate resource expense pool. The assistance amount will add at the line called Deduct: "Other" in Area II on Form T1229 and will be deduct 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. This amount may also be found in boxes 28 of RL-15.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 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 box 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.

CDE - Canadian development expenses

Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013. This amount may also be found in boxes 30 and 31 of RL-15.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 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 19 of the federal income tax return and line 61 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 box 35 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.

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. This amount may also be found in box 30 of RL-15.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 40 of the federal income tax return and line 70 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 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.

QEE - Quebec exploration expenses (10%)

QEE-SM - Que. surface mining expl. exp. (10%)

Amount receivable of CEE [229]

Amount receivable of CDE [230]

Amount receivable of CCOGPE [231]

Proceeds of disposition of CDE [232]

Proceeds of disposition of CCOGPE [233]

Accelerated CDE [234]

Accelerated COGPE [235]

Donations.t5013

Enter the amounts indicated in box 182 and 183 of the T5013 in the appropriate option.

The following options are applicable for the keyword Donations.t5013.

Canadian charitable donations

Use this option to report Canadian charitable donations. Enter the amount of the donations made in the current year and the name of the recipient with the keyword Amount.d. Include all donations for the current year, even if they exceed 75% of the net income.
You may choose this option to enter the amount of the charitable donations shown in box 103 of the T5013.
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 Amount-CF.d for the relevant year.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.

Gifts to government

Use this option to indicate that these gifts to Canada or to a province were made after February 18, 1997. Enter the value of the gift using the keyword Amount.d.
Select this option to enter the partner's share of all gifts, including cultural property to Canada or a to province, as indicated in 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 prior years. Carryforwards will be calculated by DT Max and used automatically when possible. If you are entering data for a client not currently in your DT Max database, enter gift carryforwards from past years using the keyword Amount-CF.d.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.

Cultural and ecological gifts

Certified cultural property
A tax credit can be claimed based on the eligible amount of gifts of certified cultural property. The eligible amount of the gift is calculated based on the fair market value (FMV) of the property, as determined by the Canadian Cultural Property Export Review Board (CCPERB).

Ecologically sensitive land gifts (after Feb. 10,2014)

Gifts of ecologically sensitive land
A tax credit can be claimed based on the eligible amount of a gift of ecologically sensitive land (including a covenant, an easement, or, in the case of land in Quebec, a real servitude) made to Canada, or one of its provinces, territories, or municipalities, or a registered charity approved by the Minister of the Environment.

Gift of work of art to a Quebec museum (125%)

If, after March 14, 2000, you donated a work of art to a museum located in Quebec or other similar institution duly accredited, you may enter 125% of the amount used in the calculation of the credit.

Gift of work of art to a Quebec museum (150%)

Use [Alt-J] to enter different values for other jurisdictions.

Political.t

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.

The following options are applicable for the keyword Political.t.

Federal

Prince Edward Island

Nova Scotia

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

ITC-Invest.t5013

Enter the amount of investment eligible for an ITC pursuant to box 186 or box 188 of the T5013 slip.

DT Max will calculate the ITC on form T2038 return.

The following options are applicable for the keyword ITC-Invest.t5013.

[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 6725 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

Invest-Fees

Enter the interest and other carrying charges related to the acquisition of an interest in a partnership.

Specified-Immov

Use the keyword Specified-Immov to indicate whether the immovable is a specified immovable.

A specified immovable is an immovable (including a right in such an immovable or an option on such an immovable) held by a specified trust or a partnership of which the specified trust is a member. The immovable must be located in Quebec and used mainly for the purpose of earning gross revenue that constitutes rent.

DT Max will enter any property income derived from the rental of a specified immovable and calculate the income tax payable on that income, at a rate of 5.3%, on Schedule F of the Quebec trust income tax return.

Rental-Info.T5013

Use the keyword Rental-Info.T5013 to enter the supplementary information required on specified immovables. This information will be entered on Quebec Schedule F or TP-646.1, as applicable.

The following options are applicable for the keyword Rental-Info.T5013.

Main tenant

Property manager

Accountant

Name.r

Use the keyword Name.r to enter the name or family name, if an individual, of the main tenant. This information will be entered on the Quebec Schedule F form.

First-Name.r

Use the keyword First-Name.r to enter the first name, if an individual, of the main tenant. This information will be entered on the Quebec Schedule F form.

SIN.r

Use the keyword SIN.r to enter the social insurance number.

Id-Number.r

Use the keyword Id-Number.r to enter the Quebec identification number.

This number will be printed on Schedule F.

Space-Rented-%

Use the keyword Space-Rented-% to enter the percentage of space rented by the main tenant.

Street.r

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

City.r

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

Province.r

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

PostCode.r

Use this keyword to enter the postal code.

Footnotes.t

Footnotes.t footnotes relating to the T5013 slip

The following options are applicable for the keyword Footnotes.t.

Deduction for patronage dividends (RL-15)

If the note "Deduction for patronage dividend" appears in the centre of the RL-15 slip, followed by an amount, the amount may be deducted on line 94 of the Quebec tax return.

Income from property from Class 43.1 or 43.2

Amount of income from property or from a business of selling the product of property, described in Class 43.1 or 43.2 in Schedule ll to the Income Tax Regulations. This amount will be entered on Schedule 12, Minimum Tax to calculate the total resource income.

Use [Alt-J] to enter different values for other jurisdictions.

Resource-Pool

Choose the relevant option in order to enter the opening balance of the Canadian and/or foreign exploration and development expense pool.

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. This amount may also be found in boxes 28 of RL-15.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 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 box 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.

CDE - Canadian development expenses

Enter the Canadian development expenses (CDE). This may be indicated in box 174 or 191 of the T5013. This amount may also be found in boxes 30 and 31 of RL-15.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 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 19 of the federal income tax return and line 61 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 box 35 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.

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. This amount may also be found in box 30 of RL-15.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 40 of the federal income tax return and line 70 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 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.

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 40 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

QEB - Quebec exploration base

See the CRA's general income tax guide:
Line 44 - Total federal tax payable

Opening-Balance

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 Partnership group. Additions (a positive amount ) is added to the opening balance and reductions (a negative amount) is 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. Use [Alt-J] to enter different values for other jurisdictions.

Adjustment.r

Use Adjustment.r to make an adjustment or change to the amount entered for a particular resource pool.

The following options are applicable for the keyword Adjustment.r.

Other Canadian exploration expense

Other Canadian development expense

Other Canadian development expense (AIIP)

Other Canadian oil and gas property expenses (AIIP)

Government assistance

Other (specify)

Use [Alt-J] to enter different values for other jurisdictions.

See the CRA's general income tax guide:
Line 44 - Total federal tax payable

Top products

Categories

Industries

Shop books

Shop by practice area

Blogs

News