  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.
 See the CRA's general income tax guide:
Line 23 - Value of other benefits to a beneficiary
Use the keyword Expenses.c to enter investment expenses including management or safe custody fees, 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.
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)
Designated employee benefits payable
Other (specify)
Use [Alt-J] to enter different values for other jurisdictions.
See the CRA's general income tax guide:
Line 22 - Upkeep, maintenance, and taxes of a property used or occupied by a beneficiary
Line 23 - Value of other benefits to a beneficiary
Line 44 - Total federal tax payable
Use the keyword Expenses to enter investment expenses including management or safe custody fees, 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.
See the CRA's general income tax guide:
Line 22 - Upkeep, maintenance, and taxes of a property used or occupied by a beneficiary
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.
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.
1st prior year
2nd prior year
3rd prior year
Use the keyword Excess-Int-Exp to indicate whether Schedule 130 applies to the trust.
Use the keyword Amount.ife to enter the necessary amounts calculated on Schedule 130, Excessive Interest and Financing Expenses Limitation.
The following options are applicable for the keyword Amount.ife.
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Expenses.c 
Expenses 
Loan-Amount