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Royalty

Use the Royalty group if the corporation is claiming a Saskatchewan royalty tax rebate, Alberta royalty tax deduction or credit or B.C. royalty tax rebate or addition.

The following options are applicable for the keyword Royalty.

  • Ontario

  • Saskatchewan

  • Alberta

    • Secondary keywordAttr-Royalty

    Attributed royalties and taxes entered here are used as a basis for the Saskatchewan royalty tax rebate calculation on schedule 400 (T70).

    The following options are applicable for the keyword Attr-Royalty.

    Types of attributed royalties & taxes requested on the Saskatchewan royalty tax rebate schedule 400 (T70).
  • Canadian royalties & taxes - Sask

  • Canadian royalties & taxes - other

    • Secondary keywordDepAdjFactCF

    The depletion adjustment factor carryforward from the prior year is added to the depletion adjustment factor calculated on schedule 400 (T70).

    Secondary keywordTaxRebateCF

    The royalty tax rebate carryforward from the prior year is added to the available credit calculated this year on schedule 400 (T70).

    Secondary keywordTransf-Sask

    Use Transf-Sask to indicate the amount and item transferred on amalgamation or wind-up on schedule 400 (T70).

    The following options are applicable for the keyword Transf-Sask.

    Items transfered on amalgamation or wind-up of subsidiary
  • Depletion adjustment

  • Royalty tax rebate

    • Secondary keywordTaxRebateOV

    Use TaxRebateOV to override the royalty tax rebate claimed on schedule 400 (T70).

    Secondary keywordUnsuccessorCF

    Use the keyword UnsuccessorCF to enter the unsuccessored resource pool amount carried forward from last year's schedule 5 of the AT1 return if this is the first taxation year for which DT Max T2 is being used.

    In subsequent years, DT Max will carry forward any unapplied amount to future taxation years.

    Secondary keywordTrans-ResPool

    A transfer of resource pools may have occurred during the year due to a disposition of all or substantially all of the Canadian resource properties, a change of control, or ceasing to be exempt from tax under section 20(14).

    Use the keyword Trans-ResPool to indicate if such a transfer has occurred.

    The following options are applicable for the keyword Trans-ResPool.

    Reasons why transfer of resource pools may have occurred during the year.
  • Yes - disposition of Canadian resource property

  • Yes - change in control

  • Yes - ceased to be exempt from tax

  • Yes - section 20(8) does not apply

  • No transfer of resource pools

    • Secondary keywordName-AcqCorp

    If a transfer of resource pools occurred during the year, use the keyword Name-AcqCorp to indicate the legal name of the corporation who acquired the resource pools.

    Keyword in subgroupName.r

    Use the keyword Name.r to enter the name of the predecessor, vendor, or corporation if a change in control has occurred.

    Secondary keyword in subgroupSuccession

    Use the keyword Succession to indicate whether the resource property pool balance is successored or unsuccessored.

    The following options are applicable for the keyword Succession.

    Type of resource property pool balance.

    Secondary keyword in subgroupCAN-Number

    Use the keyword CAN-Number to enter the Alberta corporate account number (CAN).

    Secondary keyword in subgroupEvent-Date

    Use the keyword Event-Date to indicate the date of the event (wind-up, amalgamation or acquisition).

    This information is required to determine the attributed royalty income carryforward.

    Secondary keyword in subgroupPool-CF

    Use the keyword Pool-CF to enter the successored or unsuccessored pool amounts carried forward from the vendor, predecessor or corporation.

    Secondary keyword in subgroupAddition-Pool

    Use the keyword Addition-Pool to enter the amount of Canadian resource properties acquired under subsection 20(8) or due to change in control under subsection 20(14).

    Secondary keyword in subgroupRes-Prop-Inc

    Use the keyword Res-Prop-Inc to enter the income generated by the specific resource property.

    Secondary keyword in subgroupRoyDeductLim

    Use the keyword RoyDeductLim to limit the amount of royalty tax deduction claimed in respect of the pool for the year.

    Secondary keywordCredClaimed

    Use CredClaimed to enter any Alberta royalty tax credit instalments claimed this year. These instalments will reduce the current year royalty tax credit on AT1 schedule 6.

    The following options are applicable for the keyword CredClaimed.

  • Credited to tax account

  • Received in cash

    • Secondary keywordCrown-Info

    Use the keyword Crown-Info to enter the type and amount of the crown payment as requested on schedule 7 of the AT1 form (Alberta royalty tax credit/deduction supplemental information).

    The following options are applicable for the keyword Crown-Info.

    Crown payment information
  • Eligible Alberta Crown royalties

  • Other Alberta Crown royalties - non eligible

  • Crown royalties - other jurisdictions

  • Non deductible Crown lease rentals

  • Mineral taxes

  • Saskatchewan non deductible resource surcharge

  • Non deductible capitalized Crown lease rentals

  • Reimbursements received from Crown charges

  • Other non deductible Crown payments (specify)

  • Crown charge paid/payable to Crown

  • Disposition of petroleum

  • Payments made to reimburse Crown charges

  • Corp. share of partnership mining tax

  • Corp. share of partnership crown charge

    • Secondary keywordOther-Royal

    Use the keyword Other-Royal to enter amounts other than crown lease rentals capitalized during the taxation year on non-producing properties that are balance sheet items eligible for the Alberta royalty tax deduction.

    Keyword in subgroupAdj-Date

    Use the keyword Adj-Date to enter the date (and taxation year) of the prior filing period from which the adjustment to crown royalties arose.

    Secondary keyword in subgroupAdj-Source

    Use the keyword Adj-Source to identify the source of the adjustment to crown royalties.

    The following options are applicable for the keyword Adj-Source.

    Sources of Crown royalty adjustments

    Secondary keyword in subgroupCrown-Adj

    Use the keyword Crown-Adj to indicate the type and amount of the adjustment to Alberta crown royalties reported in the current taxation year but relating to prior taxation years.

    The following options are applicable for the keyword Crown-Adj.

    Types of Crown royalty adjustments