Flow-Through Shares
Your question is as follows: "Can my software
manage flow-through shares?"
We assume that you are the individual who acquired
these shares and not a limited partnership that would have issued a
T5013.
1. On the "Left-side menu on the Interview
tab", select "Interview setup".
2. On the screen on your right, go to the group
"Investment income and expenses", check the box
"Partnership income, tax shelters (T5013, T101, T5003, T5004,
T1CP)" and click on " Next »at the bottom of the
page.
3. Return to the "Left-side menu on the Interview
tab" and choose the heading "Partnerships income, tax
shelters".
4. On the right-side page, click on the
plus sign "+" icon on the right of the
line "T101 / RL-11 - Statement of resource expenses
(flow-through shares)".
5. Enter your information on the page entitled
"T101 / RL-11 - Statement of resource expenses".
6. If you borrowed money to acquire participation in a
development corporation, you can deduct the interest charges on the
borrowed amount, at the bottom of the page, in the line
"Interest expenses - resource property".
The program will generate form T1229.
ID: 20191211130222DE.xml
Webpage: KPA330-20191211130222DE.htm
