Form T3 Schedule 8 "Investment Income, Carrying Charges, and Gross-Up Amount of Dividends Retained by the Trust" - Canada

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Download this version of Form T3 Schedule 8 for the current year.

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Download Form T3 Schedule 8 "Investment Income, Carrying Charges, and Gross-Up Amount of Dividends Retained by the Trust" - Canada

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Clear Data
Investment Income, Carrying Charges, and
Protected B
when completed
T3 –
Gross-up Amount of Dividends Retained by the Trust
Schedule 8
• Enter the applicable tax year in the box above
• Include a completed copy of this schedule with the trust's return.
Part A – Calculating investment income and carrying charges
• Include any information slips received.
• Enter the names of the payers at the appropriate lines below. If there is not enough space, attach a separate sheet.
• Include amounts credited through agencies such as banks, trust companies, and brokers.
Actual amount of dividends from taxable Canadian corporations
Actual amount of dividends other than eligible dividends from taxable Canadian corporations (box 23 of T3 slip or box 10 of T5 slip)
8110
1
+
Actual amount of eligible dividends from specified taxable Canadian corporations (box 49 of T3 slip or box 24 of T5 slip)
8120
2
Total of the actual amount of dividends from taxable Canadian corporations (line 1 plus line 2)
=
3
Enter the amount from line 3 on line 03 of the T3 return.
Foreign investment income
Interest from foreign sources
4
+
5
Other foreign investment income
=
Total foreign investment income (line 4 plus line 5)
6
Enter the amount from line 6 on line 04 of the T3 return.
Other investment income
7
Interest: Bonds, trust companies, banks
+
Other deposits
8
+
9
Mortgages, notes, and other securities
+
10
Other dividends (including dividends received under a dividend rental arrangement)
+
Other
11
=
12
Total other investment income (add lines 7 to 11)
Enter the amount from line 12 on line 05 of the T3 return.
Carrying charges and interest expenses
Interest on money borrowed to earn investment income
8160
13
+
8170
14
Management, safe custody, or accounting fees
+
Investment counsel fees under paragraph 20(1)(bb)
8180
15
+
Other
8190
16
=
Total carrying charges and interest expenses (add lines 13 to 16)
17
Enter the amount from line 17 on line 21 of the T3 return.
Part B – Calculating the gross-up amount of dividends retained or not designated by the trust
18
Total eligible dividends reported before applying expenses (line 2 above)
Eligible dividends designated to beneficiaries (line 949, Part A of Schedule 9)
19
=
20
Total eligible dividends not designated by the trust (line 18 minus line 19)
Eligible dividends allocated, but not designated, to non-resident beneficiaries (eligible dividends
from line 926, Column 2 of Schedule 9)
8239
21
=
Total eligible dividends available for gross-up (line 20 minus line 21)
22
×
38%
23
Multiply line 22 by 38%
=
Gross-up amount of eligible dividends retained or not designated by the trust
24
25
Total dividends other than eligible dividends reported before applying expenses (line 1 above)
26
Dividends other than eligible dividends designated to beneficiaries (line 923, Part A of Schedule 9)
=
Total dividends other than eligible dividends not designated by the trust (line 25 minus line 26)
27
Dividends other than eligible dividends allocated, but not designated to non-resident beneficiaries
(dividends other than eligible dividends from line 926, Column 2 of Schedule 9)
8240
28
=
Total dividends other than eligible dividends available for gross-up (line 27 minus line 28)
29
×
15%
Multiply line 29 by 15%
30
► +
=
31
Gross-up amount of dividends other than eligible dividends retained or not designated by the trust
=
Total gross-up amount of dividends retained or not designated by the trust (line 24 plus line 31)
32
Enter the amount from line 24 on line 13 of Schedule 11, Federal Income Tax. Enter the amount from line 31 on line 14 of Schedule 11.
Enter the amount from line 32 on line 18 of Schedule 12, Minimum Tax, if applicable, and on line 49 of the T3 return.
See the privacy notice on your return.
T3 SCH 8 E (19)
(Ce formulaire est disponible en français.)
Clear Data
Investment Income, Carrying Charges, and
Protected B
when completed
T3 –
Gross-up Amount of Dividends Retained by the Trust
Schedule 8
• Enter the applicable tax year in the box above
• Include a completed copy of this schedule with the trust's return.
Part A – Calculating investment income and carrying charges
• Include any information slips received.
• Enter the names of the payers at the appropriate lines below. If there is not enough space, attach a separate sheet.
• Include amounts credited through agencies such as banks, trust companies, and brokers.
Actual amount of dividends from taxable Canadian corporations
Actual amount of dividends other than eligible dividends from taxable Canadian corporations (box 23 of T3 slip or box 10 of T5 slip)
8110
1
+
Actual amount of eligible dividends from specified taxable Canadian corporations (box 49 of T3 slip or box 24 of T5 slip)
8120
2
Total of the actual amount of dividends from taxable Canadian corporations (line 1 plus line 2)
=
3
Enter the amount from line 3 on line 03 of the T3 return.
Foreign investment income
Interest from foreign sources
4
+
5
Other foreign investment income
=
Total foreign investment income (line 4 plus line 5)
6
Enter the amount from line 6 on line 04 of the T3 return.
Other investment income
7
Interest: Bonds, trust companies, banks
+
Other deposits
8
+
9
Mortgages, notes, and other securities
+
10
Other dividends (including dividends received under a dividend rental arrangement)
+
Other
11
=
12
Total other investment income (add lines 7 to 11)
Enter the amount from line 12 on line 05 of the T3 return.
Carrying charges and interest expenses
Interest on money borrowed to earn investment income
8160
13
+
8170
14
Management, safe custody, or accounting fees
+
Investment counsel fees under paragraph 20(1)(bb)
8180
15
+
Other
8190
16
=
Total carrying charges and interest expenses (add lines 13 to 16)
17
Enter the amount from line 17 on line 21 of the T3 return.
Part B – Calculating the gross-up amount of dividends retained or not designated by the trust
18
Total eligible dividends reported before applying expenses (line 2 above)
Eligible dividends designated to beneficiaries (line 949, Part A of Schedule 9)
19
=
20
Total eligible dividends not designated by the trust (line 18 minus line 19)
Eligible dividends allocated, but not designated, to non-resident beneficiaries (eligible dividends
from line 926, Column 2 of Schedule 9)
8239
21
=
Total eligible dividends available for gross-up (line 20 minus line 21)
22
×
38%
23
Multiply line 22 by 38%
=
Gross-up amount of eligible dividends retained or not designated by the trust
24
25
Total dividends other than eligible dividends reported before applying expenses (line 1 above)
26
Dividends other than eligible dividends designated to beneficiaries (line 923, Part A of Schedule 9)
=
Total dividends other than eligible dividends not designated by the trust (line 25 minus line 26)
27
Dividends other than eligible dividends allocated, but not designated to non-resident beneficiaries
(dividends other than eligible dividends from line 926, Column 2 of Schedule 9)
8240
28
=
Total dividends other than eligible dividends available for gross-up (line 27 minus line 28)
29
×
15%
Multiply line 29 by 15%
30
► +
=
31
Gross-up amount of dividends other than eligible dividends retained or not designated by the trust
=
Total gross-up amount of dividends retained or not designated by the trust (line 24 plus line 31)
32
Enter the amount from line 24 on line 13 of Schedule 11, Federal Income Tax. Enter the amount from line 31 on line 14 of Schedule 11.
Enter the amount from line 32 on line 18 of Schedule 12, Minimum Tax, if applicable, and on line 49 of the T3 return.
See the privacy notice on your return.
T3 SCH 8 E (19)
(Ce formulaire est disponible en français.)