Schedule 10 - Part XII.2 Tax and Part XIII Non-Resident Withholding Tax
Complete Schedule 10 if the trust is allocating income to designated beneficiaries where the trust has specified income (see the next section for details). The total of Part XII.2 and Part XIII tax is approximately equal to the Part I tax, plus provincial or territorial taxes, that would apply to the income if the beneficiaries were resident in Canada.
Tax tip
If the trust is a non-resident trust with investments in
Canadian mutual funds, it may have paid Part XIII.2 tax
during the tax year. The trust may be eligible to claim a
refund of this tax. The trust may also qualify if it realized
a Canadian mutual fund loss during the tax year. If this
applies to you, see Form T1262, Part XIII.2 Tax Return
for Non-Resident's Investments in Canadian
Mutual Funds.
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