  Capital |
Use this keyword to enter the member corporations' shares of paid-up capital for purposes of Quebec TP-600.D. A copy of this schedule must be filed with the partnership return (TP-600) of a partnership whose members include one or more corporations.
The following options are applicable for the keyword Capital.
Use PaidUpCap to enter all elements of paid-up capital, included and excluded items, for capital purposes.
The following options are applicable for the keyword PaidUpCap.
Debts relating to finance of new vehicles
Debts secured by partnership property
Bank loans & overdrafts Bank loans and overdrafts should be included in capital for Quebec.
Other loans & advances Other loans and advances for Quebec capital purposes should be entered here.
Bank acceptances & similar securities For taxation years ending after May 14, 1992, bank acceptances and similar securities which are issued for a term greater than six months must be included in Quebec paid-up capital.
Expenses for issuing of shares, bonds Expenses relating to the issue of shares or bonds during the year must be deducted in the Quebec calculation of paid-up capital.
Expenses acquisition/conversion of ships
Ded. for finance of inv. of new vehicles
Other items (specify) Enter other items which are not above here. The description entered will print beside the item on the return or on a separate Schedule, if more than one other item is entered. Additions to paid-up capital should be entered as positive amounts and deductions as negative.
Use OthDebt to enter other debts which are not in the PaidUpCap keyword.
This is the deduction allowed from Quebec paid-up capital for active mining corporations. See QTA Regulation 1137R1 for details on the calculation of this deduction. The amount entered here will print on line 333 on page 1 of the TP-600.D.
Use Assistance.tc to enter government or non-government assistance that has been received. Eligible costs for the acquisition or conversion of a vessel or acquisition of certain qualified property are reduced by the assistance.
Use Provision to enter provisions or reserves.
Use EligInvest to enter eligible property or investments for purposes of determining paid-up capital.
The following options are applicable for the keyword EligInvest.
Bank acceptances & similar securities For taxation years ending after May 14, 1992, bank acceptances and similar securities are considered to be eligible property for purposes of the Quebec reduction for investments, loans and advances taken on paid-up capital.
Debts secured by property O/S < six months The debts must be secured in whole or in part by an asset of the other corporation, and must have been payable for six months or less. The amount entered will appear on line 353a of Quebec TP-600.D.
Debts secured by property O/S > six months The debts must be secured in whole or in part by an asset of the other corporation, and must have been payable for more than six months. The amount entered will appear on line 353b of Quebec TP-600.D.
Loans & adv to partnership or JV's Loans and advances to a partnership or joint venture are eligible property for Quebec. The amount entered will print on line 355 of Quebec TP-600.D.
Other qualified property
Use the keyword Type-Property to indicate the type of qualified property.
Use the keyword Name.q to enter the name of the issuer or borrower for the qualified property.
Use the keyword SharesOfCorps to enter the amount of shares of other corporations.
DT Max will update this keyword with certain information entered in the balance sheet, in the GIFI group, if the user chooses to synchronize the GIFI group with the Capital group.
The amounts from the balance sheet are totals and, as such, are not distinguished for each issuing corporation. If a breakdown is required, you should manually adjust the amount for each corporation.
Use the keyword Type-Property to indicate the type of qualified property.
Use the keyword Name.q to enter the name of the issuer or borrower for the qualified property.
Use the keyword BondsOfCorps to enter the amount of bonds of other corporations.
Use the keyword Type-Property to indicate the type of qualified property.
Use the keyword Name.q to enter the name of the issuer or borrower for the qualified property.
Use the keyword Oth-Loans&Adv to enter the amount of other loans and advances to other corporations.
DT Max will update this keyword with certain information entered in the balance sheet, in the GIFI group, if the user chooses to synchronize the GIFI group with the Capital group.
The amounts from the balance sheet are totals and, as such, are not distinguished for each corporation. If a breakdown is required, you should manually adjust the amount for each corporation.
Use the keyword Type-Property to indicate the type of qualified property.
Use the keyword Name.q to enter the name of the issuer or borrower for the qualified property.
Use the keyword Assets to enter the total assets, as shown on the balance sheet.
Use AdjAssets.pd to enter adjustments to the assets as per the balance sheet which are required for purposes of Quebec TP-600.D
The following options are applicable for the keyword AdjAssets.pd.
Non-deductible reserves Enter the amount of any reserves, reducing assets on the balance sheet which are not deductible.
Mortgages Enter the amount of mortgages that were used to reduce the total assets and that must be included in the paid-up capital.
Liabilities reducing assets Enter the amount of other liabilities that were used to reduce the total assets and that must be included in the paid-up capital.
Deprec. & depletion in liabilities Enter the amount of reserves for depreciation and depletion, if they are included in liabilities. This amount will be deducted from total assets according to the balance sheet.
Doubtful debts in liabilities Enter the amount of reserves for doubtful debts included in the liabilities. This amount will be deducted from total assets according to the balance sheet.
Other (specify) Enter description for other amount.
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PaidUpCap 
EligInvest 
Type-Property