T3 slip - Box 25
To enter the amount of income from foreign non-business
source appearing in Box 25 of the T3 slip, please follow these
steps:
1- On the "Left side menu on the Interview tab", select
"Interview setup".
2- On the right-hand side of the screen, go to the
"Investment income and expenses" group, check the box for
"Interest, investment income and carrying charges/interest
expenses/CNIL (T3, T5, T4PS, T5008, RC359)" and click
"Next" at the bottom of the page.
3- Return to the "Left side menu on the Interview tab"
and select the item "Interest, investment income and carrying
charges".
4- On the screen to the right, choose the line "T3 - Trust
Income (RL-16)" and on the page that is displayed, enter the
information that appears on your T3.
The program will carry the amount over to line 12100 of the
federal return and, for Quebec residents the amount will be
reported on line 130 of the Quebec return.
Furthermore, if a foreign non-business income tax has been paid,
as demonstrated by the amount displayed in Box 34 of your T3
slip this amount will be carried over by the program toward the
appropriate form or forms in order to determine the foreign tax
credit that will be carried over to line 40500 of Step 5,
part C of the Federal return.
For Quebec residents, this amount will be reported on
line 409 of the Schedule E of the Quebec return and
form TP-772 will be generated by the program.
For more information on this topic, please consult the following
links:
For the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-121-interest-other-investment-income/line-121-foreign-interest-dividends.html
For Revenu Québec:
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/96-to-164-total-income/line-130/
ID: 20191007133525DEX.xml
Webpage: KPA390-20191007133525DE.htm
