T-slip information
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T-Slip
The keyword T-Slip was introduced to facilitate the entry of common information slips. Use it to select the appropriate slip.
The following options are applicable for the keyword T-Slip.
- T3
- T5
Name.t
Use Name.t to enter the name of the issuer of the information slip.
Dividend.t 
Enter the actual amount of dividends received as indicated in box 10 of the T5 or box 23 of the T3.
The calculation of the gross-up amount of actual dividends from a taxable Canadian corporation retained by the trust will be done on Schedule 8. Federally, the gross-up rate for eligible dividends received in the year is 45% and 25% for regular dividends.
The gross-up does not apply to taxable Canadian dividends received by the trust if they are allocated to a non resident beneficiary.
DT Max will report the grossed up portion (125%) of the regular dividends and (145%) of the eligible dividends as the taxable amount of dividends from Canadian corporations reported on line 3 of the federal income tax return.
DT Max will also claim 13.33% of the regular dividends and 19% of the eligible dividends as a federal dividend tax credit.
The following options are applicable for the keyword Dividend.t.
- Actual amount of ordinary dividends
- Actual amount of eligible dividends
This is the actual amount of dividends other than eligible dividends that the trust received from taxable Canadian corporations. This amount appears in box 23 of a T3 slip and in box 10 of a T5 slip issued to the trust. The amount of actual dividends will be entered on line 1 of Schedule 8. The amount retained by the trust will be grossed-up by 25%.
This is the actual amount of eligible dividends that the trust received from taxable Canadian corporations. This amount appears on the T3 slip box 49, T5 slip box 24 or the Quebec equivalent RL-16 box C1 or RL-3 box A1 which are issued to the trust. The amount of actual eligible dividends will be entered on line 2 of Schedule 8 and on line 300 of the Quebec Schedule B. The amount retained by the trust will be grossed-up by 45%.
Cap-Gains.t
Enter the amount of capital gains from box 18 of the T5 and box 21 of the T3.
DT Max will report this amount schedule 1of the federal trust return and Schedule A of the Quebec trust return.
The following options are applicable for the keyword Cap-Gains.t.
- Capital gains or losses
- QSBCS
- Qualified farm property
- Qualified fishing property
Lump-Sum-Pen.t
Enter the amount received as lump-sum pension income as indicated in box 22 of the T3. DT Max will include this amount on line 19 of the federal income tax return.
Use [Alt-J] to enter different values for other jurisdictions.
Interest.t
Enter the amount of interest from Canadian sources as indicated in box 13 of the T5.
DT Max will report the total interest calculated on line 5 of the federal trust return and line 51 of the Quebec trust income tax return. Use [Alt-J] to enter different values for other jurisdictions.
Other-Income.t
Enter the amount of other income as indicated in box 26 of T3 and box 14 of T5.
The following options are applicable for the keyword Other-Income.t.
- Interest income
- Pension income
- Eligible retiring allowance
- Other income
- Other income (specify)
Foreign-Inc.t
Use the keyword Foreign-Inc.t to enter the type and amount of foreign income as indicated on the T-slip.
Enter the name of the country where this income was earned with the keyword Country.t in this group. For more information, refer to the keyword Country.t.
See Foreign-Inc for more details on the foreign tax calculation.
The following options are applicable for the keyword Foreign-Inc.t.
- Foreign - dividends
- Foreign - interest
- Foreign - business
Choose this option to enter foreign source dividend income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.Enter the amount of foreign dividend income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 55 of the T5013..
DT Max will report this amount on line 4 of the federal income tax return and on line 52 of the Quebec income tax return.
Enter the amount of taxes paid on the foreign dividend income that may be reported in box 16 of the T5, box 34 of the T3 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Choose this option to enter foreign source interest income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.Enter the amount of foreign source interest income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 55 of the T5013.
DT Max will report this amount on line 4 of the federal income tax return and on line 52 of the Quebec income tax return.
Enter the amount of foreign taxes paid on the foreign interest that may be reported in box 16 of the T5, box 34 of the T3 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3.Enter the amount of foreign business income as indicated in box 24 of the T3.
The amount from box 24 of the T3 will be reported on line 6 of the federal trust return.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Country.t
Use the keyword Country.t to select the country of origin of the foreign income.
DT Max will group the foreign income on a country-by-country basis and will calculate the foreign tax credits and deductions for each country.
Foreign-Tax.t
Use the keyword Foreign-Tax.t to enter the type and amount of foreign income tax paid, as indicated on the T-slip.
The following options are applicable for the keyword Foreign-Tax.t.
- Foreign - dividends
- Foreign - interest
- Foreign - business
Choose this option to enter foreign source dividend income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.Enter the amount of foreign dividend income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 55 of the T5013..
DT Max will report this amount on line 4 of the federal income tax return and on line 52 of the Quebec income tax return.
Enter the amount of taxes paid on the foreign dividend income that may be reported in box 16 of the T5, box 34 of the T3 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Choose this option to enter foreign source interest income or the taxes paid on such income that may be reported on a T3, a T5 or a T5013.Enter the amount of foreign source interest income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 55 of the T5013.
DT Max will report this amount on line 4 of the federal income tax return and on line 52 of the Quebec income tax return.
Enter the amount of foreign taxes paid on the foreign interest that may be reported in box 16 of the T5, box 34 of the T3 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Choose this option to enter foreign source business income or the taxes paid on such income as reported on a T3.Enter the amount of foreign business income as indicated in box 24 of the T3.
The amount from box 24 of the T3 will be reported on line 6 of the federal trust return.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Royalties.t
Enter the source of the royalty income indicated in box 17 of T5 with the amount under the relevant option.
Accrued-Annuities
Enter the amount of pension annuity income received. Use [Alt-J] to enter different values for other jurisdictions.
Ins-FundLoss.t
Enter the amount of insurance segregated fund capital losses as indicated in box 37 of the T3. This is the beneficiary's designated portion of allowable capital losses from insurance segregated fund trusts. DT Max will report the amount on line 10 of schedule 1 of the federal trust income tax return as a capital loss. Use [Alt-J] to enter different values for other jurisdictions.
PartXII-2-Cr.t
Enter the amount of part XII.2 tax credit as indicated in box 38 of the T3.
Donations.t
Use the keyword Donations.t to specify the type of charitable donation or gift and enter the amount.
The following options are applicable for the keyword Donations.t.
- Canadian charitable donations
- Gifts to government (100%)
- Gifts to government (75% limit)
- Cultural and ecological gifts
- Gift of work of art to a Quebec museum (125%)
Use this option to report Canadian charitable donations. Enter the amount of the donations made in the current year and the name of the recipient with the keyword Amount.d. Include all donations for the current year, even if they exceed 75% of the net income.You may choose this option to enter the amount of the charitable donations shown in box 103 of the T5013.
Any unclaimed amount will be carried forward automatically by DT Max. If you are entering data for a new client, enter charitable donation carryforwards with the keyword Amount-CF.d for the relevant year.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.
Use this option to report, on the federal return, charitable donations to Canada or a province made before February 19, 1997 and, on the Quebec return, charitable donations made before April 1st, 1998. Use the keyword Amount.d to enter the amount of a donation made in the current year.You may use this option to indicate a partner's share of any donation made to Canada or to a province, including the donation of cultural property, as per box 103 of the T5013.
Any unused portion is automatically carried forward in the client database. Do not include amounts carried from prior years. Carryforwards will be calculated by DT Max and automatically used, where applicable. When entering data for a new client, include any donation carried from prior years using the keyword Amount-CF.
This amount is reported on line 16 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.
Use this option to indicate that these gifts to Canada or to a province were made after February 18, 1997. Enter the value of the gift using the keyword Amount.d.Select this option to enter the partner's share of all gifts, including cultural property to Canada or a to province, as indicated in box 103 of the T5013.
Any unused portion is automatically carried forward to the following year.
Do not use this option for amounts carried forward from prior years. Carryforwards will be calculated by DT Max and used automatically when possible. If you are entering data for a client not currently in your DT Max database, enter gift carryforwards from past years using the keyword Amount-CF.d.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.
Cultural or ecological gifts.
If, after March 14, 2000, you donated a work of art to a museum located in Quebec or other similar institution duly accredited, you may enter 125% of the amount used in the calculation of the credit.
ITC-Invest.t
Enter the amount of investment eligible for an ITC pursuant to box 40 of the T3 slip.
The amount from the T3 provides the portion of the trust's investment (ineligible property acquisitions or eligible expenditures) upon which the beneficiary can claim an investment tax credit.
DT Max will calculate the ITC on form T2038 and claim the amount on line 34 of the federal schedule 11.
The following options are applicable for the keyword ITC-Invest.t.
- ITC code 3A (at 30%)
- ITC code 3B (at 30%)
- ITC code 3B (at 20%)
- ITC code 4B (at 20%)
- ITC code 4C (at 20%)
- ITC code 12 (at 15%)
- ITC code 12 (at 10%)
- ITC code 5 (at 15%)
- ITC Code 6 (at 10%)
- ITC Code 7 (at 25%)
ITC-Credit.t
Enter the amount of investment tax credit (ITC) from box 41 of the T3 slip. Enter also the information appearing in the "Details" section, which provides the investment amount, code, rate, and credit for each type of property or expenditure eligible for the ITC (keyword ITC-Invest.t).
Note that this entry is not required. DT Max will calculate this amount on form T2038 based on the investment amount and code indicated with the keyword ITC-Invest.t in this group.
If the relevant information is not available under ITC-Invest.t, this amount will be indicated on the T2038 without the investment amount or code related to the ITC credit.
If both ITC-Invest.t and ITC-Credit.t are entered, the investment amount, code and credit will be included on form T2038. The credit will be limited to the maximum amount allowable for the particular investment according to the code.
DT Max will report the credit determined on form T2038 on line 34 of the Schedule 11.
The ITC on the T3 indicates the beneficiary's share of investment tax credit based on the portion of the trust's investment in eligible property acquisitions or eligible expenditures.
Partnership
Partnership statement of partnership income
The following options are applicable for the keyword Partnership.
- T5013
- T5013A
Name.t5013
Name.t5013 name of the issuer of the T-slip
Member-Code
Enter the Member-Code from box 08 of the T5013.
The following will appear:
| 0 or 3 - | for a limited partner |
| 1 - | for a specified member |
| 2 - | for a general partner |
It is essential to make an entry in this field to enable DT Max to calculate the eligible income/losses for any shelter.
If you have the code 3 for a limited partner's exempt interest as defined in subsection 96(2.5), select the code 0 for a limited partner. If a partnership interest is an exempt interest, a person otherwise considered to be a limited partner will not be subject to the at-risk rules introduced in 1986.
Note that limited partners and specified members of a partnership may be limited in the type and amount of losses that can be claimed.
The following options are applicable for the keyword Member-Code.
- 0 or 3 - Limited partner
- 1 - Specified member
- 2 - General partner
PIN.t
This is the partnership identification number (9 characters) as indicated in box 02 of the T5013 in the format AANNNNNNN. ("A" refers to an alphanumeric character, and "N" refers to a numeric character.)
PINQ.t
This is the partnership identification number (16 characters) as indicated in your RL-15 slip in the format NNNNNNNNNNAANNNN. ("A" refers to an alphanumeric character, and "N" refers to a numeric character.)
Renunciation
Choose the relevant option and enter the Canadian and foreign exploration and development expenses indicated on T5013. Those amounts are use to calculate the allowable deduction for the appropriate resource expense pool on Form T1229, Statement of Exploration and Development Expenses and Depletion Allowance. The amounts will be add in the appropriates boxes in Area I of Form T1229.
The following options are applicable for the keyword Renunciation.
- CEE - Canadian exploration expenses
- CDE - Canadian development expenses
- QEE - Quebec exploration expenses (25%)
- QEE-OG - Que. oil & gas exploration expenses (25%)
- Exploration expenses in the Quebec North (Memo)
Enter the Canadian exploration expenses (CEE). This may be indicated in box 90 of the T5013/T5013A. This amount may also be found in boxes 28 of RL-15.This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the Canadian development expenses (CDE). This may be indicated in box 91 of the T5013. This amount may also be found in boxes 29 RL-15.This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 19 of the federal income tax return and line 61 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the Quebec exploration expenses (QEE) as indicated in box 32 of RL-15.The QEE are part of the Canadian exploration expenses (CEE). DT Max will reduce the CEE pool by this amount.
DT Max will report the QEE amount, net of assistance, on line 70 of the Quebec income tax return.
DT Max will add 25% of the QEE to the Quebec exploration base and claim an additional deduction of 100% of the base on line 94 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Quebec exploration expenditures (QEE) as indicated in box 35 of RL-15.
Enter the oil and gas exploration expenses incurred in Quebec (QEE-OG) as indicated in box 33 of RL-15.Use the keyword Resource-Ass to enter the amount of assistance received for Quebec oil and gas exploration expenses as indicated in box 35 of RL-15.
The additional deduction will be claimed at 25%. This amount is added to the Quebec Exploration Base and deducted on line 94 of the Quebec income tax return.
Assistance
Assistance assistance amount of CEE and CDE (T5013A boxes 124, 125)
The following options are applicable for the keyword Assistance.
- CEE - Canadian exploration expenses
- CDE - Canadian development expenses
- QEE - Quebec exploration expenses (25%)
- QEE-OG - Que. oil & gas exploration expenses (25%)
- Exploration expenses in the Quebec North (Memo)
Enter the Canadian exploration expenses (CEE). This may be indicated in box 90 of the T5013/T5013A. This amount may also be found in boxes 28 of RL-15.This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the Canadian development expenses (CDE). This may be indicated in box 91 of the T5013. This amount may also be found in boxes 29 RL-15.This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 19 of the federal income tax return and line 61 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
Enter the Quebec exploration expenses (QEE) as indicated in box 32 of RL-15.The QEE are part of the Canadian exploration expenses (CEE). DT Max will reduce the CEE pool by this amount.
DT Max will report the QEE amount, net of assistance, on line 70 of the Quebec income tax return.
DT Max will add 25% of the QEE to the Quebec exploration base and claim an additional deduction of 100% of the base on line 94 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Quebec exploration expenditures (QEE) as indicated in box 35 of RL-15.
Enter the oil and gas exploration expenses incurred in Quebec (QEE-OG) as indicated in box 33 of RL-15.Use the keyword Resource-Ass to enter the amount of assistance received for Quebec oil and gas exploration expenses as indicated in box 35 of RL-15.
The additional deduction will be claimed at 25%. This amount is added to the Quebec Exploration Base and deducted on line 94 of the Quebec income tax return.
Amount-for-ITC
Enter the amount of investment eligible for an investment tax credit pursuant to box 128 of the T5013A slip.
The amount of expenses qualifying for an ITC from box 128 of section 3 of the T5013A slip must be reported on line 6717 of Form T2038(IND). This line corresponds to code 5 and leads to a non refundable credit of 15%.
InterestFree
Use the keyword InterestFree to enter the amount in the designated box on form T1229.
The following options are applicable for the keyword InterestFree.
- Portion subject to an interest-free period - ITC
- Portion subject to an interest-free period - CEE
General partners' share of the reduction subject to an interest-free period. This amount will be entered in the designated box in Area IV on form T1229.
General partners' share of the reduction subject to an interest-free period. This amount will be entered in the designated box in Area I on form T1229.
Lp-Farming
Lp-Farming limited partnership farming income (loss) (T5013 box 20) Use [Alt-J] to enter different values for other jurisdictions.
Lp-Farm-AGRI
Lp-Farm-AGRI AgriStability/AgriInvest (T5013 box 20-1)
Lp-Fishing
Lp-Fishing limited partnership fishing income (loss) (T5013 box 21) Use [Alt-J] to enter different values for other jurisdictions.
Lp-Business
Lp-Business limited partnership business income (loss) (T5013 box 22)
Lp-Rental limited partnership rental income (loss) (T5013 box 23) Use [Alt-J] to enter different values for other jurisdictions.
Enter the at-risk amount indicated in box 22-1 of the T5013. Use [Alt-J] to enter different values for other jurisdictions.
Use Partner-Loss.t to enter the deductible amount of the loss allocated to the limited partner.
This is restricted to the partner's at-risk amount, minus certain deductions. Any unused portion which may be carried forward against future at-risk amounts in the same partnership is indicated in box 24. DT Max will carry this amount into future years.
The "at-risk" rules do not apply to a farming loss allocated to the limited or specified partner. The restricted farm loss rules take precedence over the at-risk rules.
The following options are applicable for the keyword Partner-Loss.t.
This amount may be deducted in a later year if the partner has a positive at-risk amount at that time. Enter the amount you want to deduct against an increased at-risk amount with Partner-Loss.t and the option "Ltd partnership loss c/f to be used in current year". OtherInc.t5 other income (T5013 box 30) Use [Alt-J] to enter different values for other jurisdictions.
BusinessInc business income (loss) (T5013 box 35)
The following options are applicable for the keyword BusinessInc.
ProfessionalInc professional income (loss) (T5013 box 37) Use [Alt-J] to enter different values for other jurisdictions.
CommissionInc commission income (loss) (T5013 box 39) Use [Alt-J] to enter different values for other jurisdictions.
FarmingInc farming income (loss) (T5013 box 41) Use [Alt-J] to enter different values for other jurisdictions.
FishingInc fishing income (loss) (T5013 box 43) Use [Alt-J] to enter different values for other jurisdictions.
RentalInc canadian and foreign net rental income (loss) (T5013 box 26) Use [Alt-J] to enter different values for other jurisdictions.
GrossBusiness gross business income (T5013 box 162)
The following options are applicable for the keyword GrossBusiness.
GrossProfession gross professional income (T5013 box 164) Use [Alt-J] to enter different values for other jurisdictions.
GrossCommission gross commission income (T5013 box 166) Use [Alt-J] to enter different values for other jurisdictions.
GrossFarming gross farming income (T5013 box 168) Use [Alt-J] to enter different values for other jurisdictions.
GrossFishing gross fishing income (T5013 box 170) Use [Alt-J] to enter different values for other jurisdictions.
GrossRental partnership's total gross rental income Use [Alt-J] to enter different values for other jurisdictions.
Select each province where the partnership had a permanent establishment and enter the percentage of income originating in that province as indicated in the "Details" section of the T5013 regarding Net Business income.
If income originates in several provinces, enter each province separately. If all income originates in the province of residence, do not make an entry.
The following options are applicable for the keyword Jurisdict.t.
Enter the amount of interest from Canadian sources as indicated in box 50 of the T5013. Use [Alt-J] to enter different values for other jurisdictions.
Enter the actual amount of dividends received as indicated in box 51 of the T5013. Use [Alt-J] to enter different values for other jurisdictions.
Enter the actual amount of dividends received as indicated in box 52 of the T5013. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Foreign-Inc. to enter the type and amount of foreign income as indicated on the T-slip.
Enter the name of the country where this income was earned with the keyword Country.t in this group. For more information, refer to the keyword Country.t.
See Foreign-Inc for more details on the foreign tax calculation.
The following options are applicable for the keyword Foreign-Inc..
Enter the amount of foreign dividend income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 55 of the T5013..
DT Max will report this amount on line 4 of the federal income tax return and on line 52 of the Quebec income tax return.
Enter the amount of taxes paid on the foreign dividend income that may be reported in box 16 of the T5, box 34 of the T3 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Enter the amount of foreign source interest income eligible for the 20(11) deduction that may be reported in box 25 of the T3, box 15 of the T5 or box 55 of the T5013.
DT Max will report this amount on line 4 of the federal income tax return and on line 52 of the Quebec income tax return.
Enter the amount of foreign taxes paid on the foreign interest that may be reported in box 16 of the T5, box 34 of the T3 and in the "Details" section of the T5013 regarding box 81.
DT Max will also determine the foreign tax credit and deduction available to the taxpayer.
Enter the amount of foreign business income as indicated in box 24 of the T3.
The amount from box 24 of the T3 will be reported on line 6 of the federal trust return.
Enter the amount of foreign business income tax paid as indicated in box 33 of the T3.
These entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Enter the amount of foreign net rental income (loss) indicated in box 26-1 of the T5013. This amount is already included in box 26 of the T5013.
This entry is required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer.
Enter the amount of foreign taxes paid on the foreign rental income that is reported in the "Details" section of the T5013 regarding box 81.
Enter the amount of foreign capital gains that may be reported in the "Details" section of the T5013 regarding box 70.
The amount of foreign capital gains from the "Details" section of the T5013 is already included in box 70. Hence, this amount is entered with both Cap-Gains and Foreign-Inc, but is included in income only once.
Enter the amount of taxes paid on the foreign capital gains that may be reported in the "Details" section of the T5013 regarding box 81.
The entries are required to enable DT Max to determine the foreign tax credit and deduction available to the taxpayer. Enter the name of the country on the following basis:
DT Max will calculate the foreign tax credits and deductions on a country-by-country basis.
Use the keyword Foreign-Tax. to enter the type and amount of foreign income tax paid, as indicated on the T-slip.
Choose the relevant option to enter the information provided in the boxes 56 of the T5013 pertaining to the partner's share of business investment loss (BIL) indicated in box 56 of the T5013.
DT Max will deduct the allowable business investment loss on line 25 of the federal income tax return and line 69 of the Quebec income tax return.
If the taxpayer could not use all of the ABIL, DT Max will carry forward the unused amount into next year's database as Loss-CF.
The following options are applicable for the keyword Bus-Inv-Loss.
DT Max will report the allowable business investment loss on line 25 of the federal income tax return.
DT Max will report the allowable business investment loss on line 25 of the federal income tax return. Use the keyword Comp-Payments to enter the amount from box 57 of the T5013 slip.
This amount is the partner's share of the compensation payments for earning dividend income from a dividend rental arrangement.
OtherInvest.t5 other investment income (T5013 box 58) This is the partner's share of carrying charges that the partnership incurred for earning all investment income. This amount may include carrying charges from both Canadian and foreign sources.
Carrying charges in respect of
i) partnership interests of limited partners and specified members ii) investments identified under the tax shelter identification rules and iii) rental/leasing property, film property and resource related deductions
are subject to AMT for the portion of which increases or creates a loss from such investments.
The net business income from Canadian and foreign sources reported in the T5013 is considered to be net income before carrying charges. Carrying charges indicated in box 59 should be deducted from total income on line 21 of the federal income tax return and line 64 of the Quebec income tax return.
For limited and specified members of a limited partnership, all the carrying charges will be considered for AMT, and calculated against total business income reported in the T5013.
For active members, only the carrying charges from rental/leasing property, film property and resource-related deductions will be taken into account for AMT purposes.
The following options are applicable for the keyword Carry-Charge.
Use the keyword Patronage-Div to enter the amount of patronage dividends received from a co-operative as indicated in box 9 of RL-15. This amount will be entered on line as other income on line 61 of the Quebec trust return.
If the note "Deduction for patronage dividends received from a co-operative" appears in the centre of RL-15 followed by an amount, use the keyword Footnotes.t to get a deduction on line 94 of the Quebec tax return.
Enter the amount of capital gains from box 70 Of the T5013.
The amount from the T5013 may include capital gains (losses) from both Canadian and foreign sources. The amount from foreign sources is entered both here and with the keyword Foreign-Inc. in the Partnership group, for the purpose of determining the foreign tax credit and deduction available.
DT Max will report this amount on schedule 1 and on line 1 of the federal income tax return.
The following options are applicable for the keyword Cap-Gains.
Use this keyword to enter the amount of capital gains reserve appearing in box 71 of the T5013 slip.
DT Max will report this amount on federal schedule 2 and Quebec schedule A.
The following options are applicable for the keyword Reserve.t.
Federal income tax amounts deducted at source.
Quebec income tax amounts deducted at source.
Use CCA.t to enter the CCA amount indicated in box 85 of the T5013 for certified productions and Canadian films. This amount is included in boxes 26, 30, 35, 37, 39, 41 and 43 of the T5013 and is required to calculate AMT.
Federally, for limited partners, the CCA is included in the net income and is subject to AMT. For general partners in a limited partnership, the CCA from films is included in the net income and has no AMT consequences.
For Quebec income tax purposes, the portion of the CCA on films that creates or increases a loss is reported on the Quebec income tax return for limited and specified partners. For active partners, the CCA from films is included in the net income reported and has no AMT consequences.
The following options are applicable for the keyword CCA.t.
Choose the relevant option and enter the Canadian and foreign exploration and development expenses indicated on T5013. Those amounts are use to calculate the allowable deduction for the appropriate resource expense pool on Form T1229, Statement of Exploration and Development Expenses and Depletion Allowance. The amounts will be add at the line called Add: "Other" in Area II for the cumulative Canadian exploration expense (CCEE) pool; cumulative Canadian development expense (CCDE) pool; and cumulative Canadian oil and gas property expense (CCOGPE) pool; or in Area III for the cumulative foreign exploration and development expense pool.
The maximum deduction allowed is 100% of the CCEE pool balance, 30% of the CCDE pool balance, and 10% of the CCOGPE pool balance. If the CCOGPE pool balance is negative, that amount will reduce the CCDE pool. If the CCEE or CCDE pools have a negative balance, the negative amount will be reported as income on line 19 of the income tax and benefit return.
The following options are applicable for the keyword Resource-Add.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 19 of the federal income tax return and line 61 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 40 of the federal income tax return and line 70 of the Quebec income tax return. The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If the COGPE pool balance before the claim is negative, DT Max will automatically reduce the CDE pool by this amount.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian oil and gas property expenses (COGPE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the COGPE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year FEDE pool balance. DT Max will claim the greater of i) 10% of the FEDE pool or ii) foreign resource income on line 40 of the federal income tax return.
The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Foreign Exploration and Development expenses (FEDE). Note that the T5013 supplementary slip does not report this amount separately. Do not enter it unless the FEDE net amount, net of assistance, is different between the federal and the Quebec.
The QEE are part of the Canadian exploration expenses (CEE). DT Max will reduce the CEE pool by this amount.
DT Max will report the QEE amount, net of assistance, on line 70 of the Quebec income tax return.
DT Max will add 25% of the QEE to the Quebec exploration base and claim an additional deduction of 100% of the base on line 94 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Quebec exploration expenditures (QEE) as indicated in box 35 of RL-15. Choose the relevant option and enter the amount of adjustments or assistance received for Canadian exploration and development expenses.
The T5013 reports the Canadian exploration expense (CEE), Canadian development expense (CDE) and Canadian oil & gas property expense (COGPE) excluding assistance. The Quebec RL-15 reports each of these separately. The amounts in these boxes are use to calculate the allowable deduction for your appropriate resource expense pool. The assistance amount will add at the line called Deduct: "Other" in Area II on Form T1229 and will be deduct from the CCEE, CCDE, or CCOGPE pools.
If the CEE, CDE and COGPE amounts reported federally (on the T5013) do not match the net amount reported for Quebec purposes (RL-15), enter 0 for federal assistance (T5013) and use [Alt-J] to enter the Quebec assistance amount reported on the RL-15.
The following options are applicable for the keyword Resource-Ass.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 19 of the federal income tax return and line 61 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 40 of the federal income tax return and line 70 of the Quebec income tax return. The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If the COGPE pool balance before the claim is negative, DT Max will automatically reduce the CDE pool by this amount.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian oil and gas property expenses (COGPE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the COGPE pool for Quebec tax purposes by this amount.
The QEE are part of the Canadian exploration expenses (CEE). DT Max will reduce the CEE pool by this amount.
DT Max will report the QEE amount, net of assistance, on line 70 of the Quebec income tax return.
DT Max will add 25% of the QEE to the Quebec exploration base and claim an additional deduction of 100% of the base on line 94 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Quebec exploration expenditures (QEE) as indicated in box 35 of RL-15. Enter the amounts indicated in box 103 and 104 of the T5013 in the appropriate option.
The following options are applicable for the keyword Donations.t5013.
You may choose this option to enter the amount of the charitable donations shown in box 103 of the T5013.
Any unclaimed amount will be carried forward automatically by DT Max. If you are entering data for a new client, enter charitable donation carryforwards with the keyword Amount-CF.d for the relevant year.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.
You may use this option to indicate a partner's share of any donation made to Canada or to a province, including the donation of cultural property, as per box 103 of the T5013.
Any unused portion is automatically carried forward in the client database. Do not include amounts carried from prior years. Carryforwards will be calculated by DT Max and automatically used, where applicable. When entering data for a new client, include any donation carried from prior years using the keyword Amount-CF.
This amount is reported on line 16 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d.
Select this option to enter the partner's share of all gifts, including cultural property to Canada or a to province, as indicated in box 103 of the T5013.
Any unused portion is automatically carried forward to the following year.
Do not use this option for amounts carried forward from prior years. Carryforwards will be calculated by DT Max and used automatically when possible. If you are entering data for a client not currently in your DT Max database, enter gift carryforwards from past years using the keyword Amount-CF.d.
This amount is reported on line 10 of federal schedule 11 and line 123 of the Quebec TP-646 trust return. It is limited to 75% of the net income but you may limit or override the claim with the keyword Claim-OV.d. Enter the federal contributions indicated in boxes 105 and 106 of the T5013. The province is indicated in the box 106-1 of the T5013. These contributions may be deductible if the partnership has a business with a permanent establishment in that province.
The following options are applicable for the keyword Political.t.
Enter the amount of investment eligible for an ITC pursuant to box 107 of the T5013 slip.
DT Max will calculate the ITC on form T2038 return.
The following options are applicable for the keyword ITC-Invest.t5013.
Enter the interest and other carrying charges related to the acquisition of an interest in a partnership.
Footnotes.t footnotes relating to T5013 AND T5013A slips
The following options are applicable for the keyword Footnotes.t.
Choose the relevant option in order to enter the opening balance of the Canadian and/or foreign exploration and development expense pool.
The following options are applicable for the keyword Resource-Pool.
This amount is added to the beginning of year CEE pool balance. DT Max will claim 100% of the cumulative CEE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian exploration expenses (CEE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year CDE pool balance. DT Max will claim 30% of the cumulative CDE pool on line 40 of the federal income tax return.
Amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If CDE pool will be reduced automatically by DT Max by the negative COGPE pool balance before computing the claim. If the CDE pool balance becomes negative, the negative result is reported as other income on line 19 of the federal income tax return and line 61 of the Quebec income tax return.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian development expenses (CDE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the CEE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year COGPE pool balance. DT Max will claim 10% of the cumulative COGPE pool on line 40 of the federal income tax return and line 70 of the Quebec income tax return. The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
If the COGPE pool balance before the claim is negative, DT Max will automatically reduce the CDE pool by this amount.
Use the keyword Resource-Ass to enter the amount of assistance received for Canadian oil and gas property expenses (COGPE).
Note that the T5013 supplementary slip does not report this amount separately. However, the Quebec equivalent information slip includes this amount in box 35 of RL-15. If the CEE, CDE and COGPE amount reported federally (on the T5013) is not equivalent to the net amount reported for Quebec income tax purposes (RL-15), enter 0 for assistance federally (T5013) and use Alt-J to enter the Quebec assistance amount(s) reported on the RL-15. DT Max will reduce the COGPE pool for Quebec tax purposes by this amount.
This amount is added to the beginning of year FEDE pool balance. DT Max will claim the greater of i) 10% of the FEDE pool or ii) foreign resource income on line 40 of the federal income tax return.
The resource deduction claimed is deducted from the pool.
The amounts remaining in the pool at the end of the year will be carried forward by DT Max.
Use the keyword Resource-Ass to enter the amount of assistance received for Foreign Exploration and Development expenses (FEDE). Note that the T5013 supplementary slip does not report this amount separately. Do not enter it unless the FEDE net amount, net of assistance, is different between the federal and the Quebec.
Enter the opening balance of the Canadian and/or foreign exploration and development expense pool.
DT Max carries forward this balance from the previous year tax return. You must enter the data for a new client.
The additions made in the year are entered with the keyword Resource-Add in the Partnership group. Additions (a positive amount ) is added to the opening balance and reductions (a negative amount) is deducted from the opening balance to determine allowable deduction for exploration and development expenses.
Amounts remaining in the pool at the end will be carried forward by DT Max. Use [Alt-J] to enter different values for other jurisdictions.
Use Adjustment.r to make an adjustment or change to the amount entered for a particular resource pool.
The following options are applicable for the keyword Adjustment.r.
This entry will override calculations based on the Canadian and/or foreign exploration and development expense pools ( Resource-Pool).
Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of income from foreign resources with For-Res-Inc. Use [Alt-J] to enter different values for other jurisdictions.
The following options are applicable for the keyword Lp-Business.
Use [Alt-J] to enter different values for other jurisdictions.
Lp-Rental At-Risk-Amt Partner-Loss.t
Use [Alt-J] to enter different values for other jurisdictions.
OtherInc.t5 BusinessInc
Use [Alt-J] to enter different values for other jurisdictions.
ProfessionalInc CommissionInc FarmingInc FishingInc RentalInc GrossBusiness
Use [Alt-J] to enter different values for other jurisdictions.
GrossProfession GrossCommission GrossFarming GrossFishing GrossRental Jurisdict.t
Use [Alt-J] to enter different values for other jurisdictions.
Interest.t5013 Dividend-Act EligDividend-Act 
Foreign-Inc. 
Country.t5013 Foreign-Tax. Bus-Inv-Loss Comp-Payments OtherInvest.t5 /> Use [Alt-J] to enter different values for other jurisdictions.
Carry-Charge Patronage-Div Cap-Gains
Use [Alt-J] to enter different values for other jurisdictions.
Reserve.t
Use [Alt-J] to enter different values for other jurisdictions.
FIT.t PIT.t CCA.t
Use [Alt-J] to enter different values for other jurisdictions.
Resource-Add
Use [Alt-J] to enter different values for other jurisdictions.
Resource-Ass Donations.t5013
Use [Alt-J] to enter different values for other jurisdictions.
Political.t ITC-Invest.t5013 Invest-Fees Footnotes.t Resource-Pool
Opening-Balance Adjustment.r
Use [Alt-J] to enter different values for other jurisdictions.
Deduction.r For-Res-Inc