1) PIN.t : Identification number of partnership (T5013 box 02)
This is the partnership identification number (9 characters) as indicated
in box 02 of the T5013 in the format AANNNNNNN. ("A" refers
to an alphanumeric character, and "N" refers to a numeric character.)
2) PINQ.t : Identification number of partnership (RL-15) (1234567890AA1234)
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.)
3) Partner-Loss.t : Limited partnership loss
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 24. 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.
4) Renunciation: Renunciation amount of CEE and CDE (T5013A boxes 120,
121) (RL-15 boxes 60 to 64)
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 added in the appropriate
boxes in Area I of Form T1229.
5) Assistance : Assistance amount of CEE and CDE (T5013A boxes 124,
125) (RL-15 box 66)
6) Amount-for-ITC : Expenses qualifying for an ITC (T5013A box 128)
Enter the amount of investment eligible for an investment tax credit
pursuant to box 128 of the T5013A slip.
The amount of expenses qualifying for an ITC from box 128 of section
3 of the T5013A 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%.
7) InterestFree : Portion subject to an interest-free period (T5013A
boxes 129, 130)
Use the keyword InterestFree to enter the amount in the designated
box on form T1229.
8) Name.t5013 : Name of the issuer of the T-slip
9) Member-Code : Member code (T5013 box 08) (RL-15 box 40)
Enter the Member-Code from box 08 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.
10) Lp-Farming : Limited partnership farming income (loss) (T5013 box
20)
11) Lp-Farm-AGRI : AgriStability/AgriInvest (T5013 box 20-1)
12) Lp-Fishing : Limited partnership fishing income (loss) (T5013 box
21)
13) Lp-Business : Limited partnership business income (loss) (T5013
box 22)
14) Lp-Rental : Limited partnership rental income (loss) (T5013 box
23)
15) BusinessInc : Business income (loss) (T5013 box 35)
16) ProfessionalInc : Professional income (loss) (T5013 box 37)
17) CommissionInc : Commission income (loss) (T5013 box 39)
18) FarmingInc : Farming income (loss) (T5013 box 41)
19) FishingInc : Fishing income (loss) (T5013 box 43)
20) GrossBusiness : Gross business income (T5013 box 162)
21) GrossProfession : Gross professional income (T5013 box 164)
22) GrossCommission : Gross commission income (T5013 box 166)
23) GrossFarming : Gross farming income (T5013 box 168)
24) GrossFishing : Gross fishing income (T5013 box 170)
25) OtherInc.t5 : Other income (T5013 box 30)
26) RentalInc : Canadian and foreign net rental income (loss) (T5013
box 26)
27) CCA.t : Capital cost allowance (T5013 boxes 85, 85-1) (RL-15 box
5)
Use CCA.t to enter the CCA amount indicated in box 85 of the T5013
for certified productions and Canadian films. This amount is included
in boxes 26, 30, 35, 37, 39, 41 and 43 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.
28) At-Risk-Amt : Limited partner's at-risk amount (T5013 boxes 22-1)
(RL-15 box 26)
Enter the at-risk amount indicated in box 22-1 of the T5013.
29) GrossRental : Partnership's total gross rental income
30) Interest.t5013 : Interest from Canadian sources (T5013 box 50) <Q
(RL-15 box 7)
Enter the amount of interest from Canadian sources as indicated in box
50 of the T5013.
31) Dividend-Act : Actual amount of dividends other than eligible dividends
Enter the actual amount of dividends received as indicated in box 51
of the T5013.
32) DIVIDEND-ACTQUE : Actual amount of ordinary dividends
Enter the actual amount of dividends received as indicated in box 6B
of the RL-15.
33) EligDividend-Act : Actual amount of eligible dividends
Enter the actual amount of dividends received as indicated in box 52
of the T5013.
34) ELIGDIV-ACTQUE : Actual amount of eligible dividends
Enter the actual amount of dividends received as indicated in box 6A
of the RL-15.
35) Resource-Ass : Assistance - amounts to be deducted from resource
pools
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.
36) Foreign-Inc. : Type and amount of foreign income earned
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.
37) Foreign-Tax. : Type and amount of foreign income tax paid
Use the keyword Foreign-Tax. to enter the type and amount of foreign
income tax paid, as indicated on the T-slip.
38) Country.t5013 : Name of the country and identifying number
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.
39) Bus-Inv-Loss : Business investment loss (T5013 boxes 56) (RL-15
box 13)
Choose the relevant option to enter the information provided in the boxes
56 of the T5013 pertaining to the partner's share of business investment
loss (BIL) indicated in box 56 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.
40) Comp-Payments : Dividend rental arrangement compensation payments
(T5013 box 57) / RL-15 box 15
Use the keyword Comp-Payments to enter the amount from box 57 of the
T5013 slip.
This amount is the partner's share of the compensation payments for earning
dividend income from a dividend rental arrangement.
41) OtherInvest.t5 : Other investment income (T5013 box 58) (RL-15 box
7)
42) Carry-Charge : Carrying charges (T5013 box 59) (RL-15 box 15)
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 59 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.
43) Patronage-Div : Patronage dividends received from a co-operative
(RL-15 box 9) see Footnotes "deduction for patronage dividend"
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.
44) Cap-Gains : Amount of capital gains (T5013 boxes 70) (RL-15 boxes
10, 12)
Enter the amount of capital gains from box 70 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.
45) Reserve.t : Capital gains reserve (T5103 boxes 71) (RL-15 box 11)
Use this keyword to enter the amount of capital gains reserve appearing
in box 71 of the T5013 slip.
DT Max will report this amount on federal schedule 2 and Quebec schedule
A.
46) FIT.t : Federal income tax deducted (T5013 box 80)
Federal income tax amounts deducted at source.
47) PIT.t : Quebec income tax deducted (RL-15 box 16)
Quebec income tax amounts deducted at source.
48) Resource-Add : Amounts to be added to resource pools (CEE, CDE,
COGPE, FEDE)
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 added 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.
49) Donations.t5013 : Charitable donations and other gifts (T5013 boxes
103, 104) (RL-15 boxes 19, 20)
Enter the amounts indicated in box 103 and 104 of the T5013 in the appropriate
option.
50) Political.t : Political contributions (T5013 boxes 105, 106)
Enter the federal contributions indicated in boxes 105 and 106 of the
T5013. The province is indicated in the box 106-1 of the T5013. These
contributions may be deductible if the partnership has a business with
a permanent establishment in that province.
51) ITC-Invest.t5013 : Investment eligible for an ITC (T5013 box 107)
Enter the amount of investment eligible for an ITC pursuant to box 107
of the T5013 slip.
DT Max will calculate the ITC on form T2038 return.
Choose the relevant option in order to enter the opening balance of the Canadian
and/or foreign exploration and development expense pool.
