Carrying
charges, investment expenses
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.
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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.
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Safety deposit box charges
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Management fees
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Safe custody fees
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Accounting fees
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Investment counsel fees
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Fees paid for investments
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Fees incurred for business or property
income
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Other fees
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Portion of fees not related to income
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Portion of fees deducted elsewhere
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Legal, accounting & management fees
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Fees paid to investment counsel
s.20(1)(bb)
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Fees for contesting an assessment
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Reimbursement of salaries or wages (QC)
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Reimbursement of certain govt benefits
(QC)
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Other (specify)
Use [Alt-J] to enter different values for other jurisdictions.
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.
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Use the keyword Loan-Amount to enter the
date and amount of the loan. Use [Alt-J] to enter different values
for other jurisdictions.
If the trust is claiming interests on money borrowed, use the
keyword Lender-Name to enter the name of
the lender.
Use the keyword Interest-Rate to enter
the rate of interest applicable to money borrowed.
Use the keyword Terms to specify the
terms of repayment of the loan.
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.
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.
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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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