Line 69 - Total other credits

Certain provincial or territorial tax credits are available to a trust (lines 54 to 68) if the trust meets both of the following conditions:

• it was a resident of the province or territory at the end of the tax year

• it incurred eligible expenditures related to certain activities

You can find specific information on the following forms:

• Form T1129, Newfoundland and Labrador Research and Development Tax Credit (Individuals) (for the Newfoundland and Labrador research and development tax credit)

• Form T1232, Yukon Research and Development Tax Credit (Individuals) (for the Yukon research and development tax credit)

• Form T88, British Columbia Mining Exploration Tax Credit (Individuals) (for the British Columbia mining exploration tax credit)

Use the appropriate form to calculate the tax credit. Send us the form with the trust's return.

In the case of the research and development tax credits, the trust can designate some or all of these credits to beneficiaries of the trust. Subtract the amount designated to beneficiaries from the credit calculated on the form.

Enter the result on the corresponding credit line of the trust's return.

Canadian journalism labour tax credit

A trust can claim the Canadian journalism tax credit, once designated by the Minister as a qualified Canadian journalism organization (QCJO), provided the trust is one of the following:

• A qualifying journal organization (QJO)

• A member of a partnership (other than a specified member of the partnership) that is a QJO

If the trust is claiming the tax credit, provide all of the following supporting information:

• a copy of the letter from the CRA designating the organization to be a QCJO

• the period for which the organization was a QJO in the tax year

• any amount the organization received from the Aid to Publishers component of the Canada Periodical Fund in the tax year

• a letter that states the name of your organization, your trust account number, the tax year for which you are claiming the credit, and the dollar amount of the tax credit you are claiming

• a schedule showing all of the following information in respect of each eligible newsroom employee:

  • the employee's name;

  • the employee's social insurance number (SIN);

  • the salary or wages payable to the employee for the portion of the tax year (on or after January 1, 2019) throughout which your organization was a QJO;

  • the amount of any assistance received in the tax year in respect of the employee that had not been repaid before the end of the year pursuant to a legal obligation to do so.

Send the supporting information with your T3 return to your tax centre.

For more information on the requirements that must be met to be a QCJO and a QJO as well as information on calculating the Canadian journalism labour tax credit, go to canada.ca/support-canadian-journalism.

Return of fuel charge proceeds to farmers tax credit

This refundable tax credit provides a return of a portion of the fuel charge proceeds from the federal carbon pollution pricing system directly to farming businesses in provinces that do not currently have a system that meets the federal requirements. These designated provinces are Alberta, Manitoba, Ontario, and Saskatchewan.

This credit is considered to be government assistance that you received in the year and is taxable to you. Include in your income the amount of the credit in the same tax year in which you claimed the credit.

Trusts claiming this credit on line 64, including if they are allocated a credit by a partnership, should complete the calculation using form T2043 and send it with their T3 Trust Income Tax and Information return.

For more information, see Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income and Form T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit.

British Columbia clean building tax credit (Extended to 2027)

The clean buildings tax credit is a refundable income tax credit for qualifying retrofits that improve the energy efficiency of eligible commercial and multi-unit residential buildings with four or more units. The retrofit must improve the energy efficiency of an eligible building and meet energy-use targets. The credit amount is 5 percent of qualifying expenditures paid for the retrofit less:

• expenses claimed by any other taxpayer

• any amount received or receivable as under an assistance program in respect of the qualifying expenditures, and

• any amount provided as a forgivable loan that was designed to provide assistance with the financing or cost of the alteration or renovation if it has not been repaid under a legal obligation to do so.

You must be a resident of British Columbia or have income allocated to British Columbia at the end of the year that you are claiming the credit. The retrofit must be certified by the British Columbia Ministry of Finance before you may claim this credit.

Claim this credit on your income tax return for the year following the tax year that the retrofit is completed. You can claim the credit no later than 18 months after the end of the tax year that follows the tax year in which a retrofit was completed.

The retrofit must be both completed before April 1, 2026, and an application for certification must be filed to the British Columbia Ministry of Finance before April 1, 2027, in order to be certified.

Qualifying expenditures are expenditures that are directly attributable to a qualifying retrofit. You must make or incur the expenditures under the terms of an agreement entered into after February 22, 2022 and paid before April 1, 2025.

If you are a member of a partnership, you may calculate your portion of the partnership's British Columbia clean buildings tax credit on Form T1356, British Columbia Clean Buildings Tax Credit. Use the information provided to you by your partnership to determine this amount.

The amounts shown on your certificate from the British Columbia Ministry of Finance are estimates only. You must calculate your actual tax credit by completing Form T1356.

Complete a separate Form T1356, British Columbia Clean Building Tax Credit for each qualifying retrofit you are claiming for the year. Claim the total amount of your credit on line 65 of the T3 Return. For more information about this credit, go to gov.bc.ca/gov/content/taxes/income -taxes/personal/credits/clean-buildings.

Yukon business carbon price rebate

Trusts can claim the Yukon business carbon rebate. Complete Part 2 of Schedule YT(S14), Yukon Government Carbon Price Rebate, and enter this amount on line 67 of the T3 Return.

If you are claiming this rebate for the tax years 2020, 2021 and 2022, you will need to send a T3-ADJ Adjustment Request, requesting an adjustment to line 67.

The Yukon business carbon price rebate includes the general business carbon price rebate and the mining business carbon price rebate. You may be able to claim this rebate if, in 2023, you operated a business or mining business in Yukon or you earned income from a rental property while you lived in Yukon.

For more information, see 5011-PC Yukon Information Guide.

Complete Part 2 of Schedule YT(S14), Yukon Government Carbon Price Rebate, and enter this amount on line 68 of the T3 Return.

Supporting Documents: If you are filing a paper return, attach your Schedule YT(S14).

For more information, see 5011-PC Yukon Information Guide.

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