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Total-Inc-Ded

Use the keyword Total-Inc-Ded to enter carrying charges, interest expenses, trustee fees and other expenses paid to earn income for the trust.

These expenses will be deducted from the total income to calculate the net income of the trust.

The following options are applicable for the keyword Total-Inc-Ded.

  • Carrying charges
  • Interest expenses
  • Trustee's fees
  • Other deductions included in CNIL
  • Other deductions excluded from CNIL

Secondary keywordExpenses.c  ALT-J 

Use the keyword Expenses.c to enter investment expenses including management or safe custody fees, safety deposit box charges, accounting fees, investment counsel fees, etc.

This keyword can also be used to enter trustee fees as well as other deductions from total income.

The following options are applicable for the keyword Expenses.c.

  • Safety deposit box charges
  • Management fees
  • Safe custody fees
  • Accounting fees
  • Investment counsel fees
  • Fees paid for investments
  • Fees incurred for business or property income
  • Other fees
  • Portion of fees not related to income
  • Portion of fees deducted elsewhere
  • Legal, accounting & management fees
  • Fees paid to investment counsel s.20(1)(bb)
  • Fees for contesting an assessment
  • Reimbursement of salaries or wages (QC)
  • Reimbursement of certain govt benefits (QC)
  • Other (specify)
Use [Alt-J] to enter different values for other jurisdictions.

Keyword in subgroupExpenses

Use the keyword Expenses to enter investment expenses including management or safe custody fees, safety deposit box charges, accounting fees, investment counsel fees, etc.

This keyword can also be used to enter trustee fees as well as other deductions from total income.

The following options are applicable for the keyword Expenses.

  • Interest on money borrowed

Secondary keyword in subgroupLoan-Amount  ALT-J 

Use the keyword Loan-Amount to enter the date and amount of the loan. Use [Alt-J] to enter different values for other jurisdictions.

Secondary keyword in subgroupLender-Name

If the trust is claiming interests on money borrowed, use the keyword Lender-Name to enter the name of the lender.

Secondary keyword in subgroupInterest-Rate

Use the keyword Interest-Rate to enter the rate of interest applicable to money borrowed.

Secondary keyword in subgroupTerms

Use the keyword Terms to specify the terms of repayment of the loan.

Secondary keyword in subgroupLoan-Balance  ALT-J 

Use the keyword Loan-Balance to enter the balance of the loan at the end of the taxation year. Use [Alt-J] to enter different values for other jurisdictions.

Secondary keywordInvExpCF-Q

Use the keyword InvExpCF-Q to enter the portion of investment expenses incurred to earn property income.

The following options are applicable for the keyword InvExpCF-Q.

  • Adjustment of investment expenses

Secondary keywordInvExpCB-Q

Use the keyword InvExpCB-Q to enter the portion of investment expenses incurred to earn property income that is to be carried back. This amount will be entered on the Quebec form TP-1012.B.

The following options are applicable for the keyword InvExpCB-Q.

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