Free untitled - Canada

2009 CAPITAL GAINS REFUND TO A MUTUAL FUND TRUST

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Use this form to claim a capital gains refund for a mutual fund trust for the 2009 tax year, or to calculate the amount of the Ontario refundable capital gains tax on hand for 2009. Attach a completed copy of this form to the T3 Trust Income Tax and Information Return. Contents: Section 1 ­ Section 2 ­ Section 3 ­ Section 4 ­ Section 5 ­ Section 6 ­

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Federal calculation Calculation for most provinces and territories Calculation for Ontario Calculation for Manitoba Calculation for Alberta Total capital gains refund for 2009

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If the trust earned income in more than one province or territory: ­ In Section 2, use a worksheet to make a separate calculation for each province or territory. The amount you enter on line 1 of Section 2 for each province or territory, is the amount from line 22 of Section 1, multiplied by the proportion of the trust's total income for the year that was earned in that province or territory. After you complete all the calculations, enter the total provincial and territorial refund on line 3. Attach your worksheet to this form. ­ For Ontario, Manitoba, and Alberta, complete section 3, 4, or 5, as applicable. Multiply the amounts of taxable income for the year, the taxed capital gains for the year, and the capital gains redemptions by the proportion of the trust's income earned in the province for the year.

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If you are a specified investment flow-through trust, go to www.cra.gc.ca/tx/trsts/sfts/menu-eng.html.

T184 E (09)

(Ce formulaire existe en français.)

Section 1 Federal refundable capital gains tax on hand

2 Federal calculation
a b c
84001

i 29% = Taxable income for the year. . . . . . . . . . . . . . . . . . . . . Taxed capital gains for the year (as per i 29% = paragraph 130(3)(b) of the Income Tax Act) . . . . . . 84000 Federal tax payable for the year (line 44 of Schedule 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Refundable capital gains tax on hand at the end of the previous year (line 5 of previous year's Form T184). . . . . Enter whichever amount is the least: line a, b, or c above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtotal (line 1 plus line 2) Subtract: Federal capital gains refund calculated for the previous tax year (line 22 of previous year's Form T184) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Refundable capital gains tax on hand (line 3 minus line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e

=
84004 84005

1 2 3 4 5

­ =

Federal capital gains redemptions
Amount from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fair market value of all issued units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All debts owing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtotal (line 7 plus line 8)
84007 84008

i 100 ÷ 14.5 =

6 7 8 9

e

=

10 Cost amount of all property . . . . . . . . . . . . . . . . . . . . . . . . . . 84010 11 Cash on hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84011 e = ­ 12 Subtotal (line 10 plus line 11) . . . . . . . . . . . . . . . . . . . . . . . = Subtotal (line 9 minus line 12; if negative, enter "0") Net total at the end of the year (line 6 plus line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e

=

13 14

Amount paid in the year to redeem units included in the proceeds of disposition of the redemption . . . . . . . . . . . . Capital gains redemptions Line 15 Line 15
i line 14 e line 7

84015

15

Subtotal (line 16 divided by line 17) Amount designated to beneficiaries from units redeemed . . . . . . . . . . . .
84021

÷ = ­
84020

16 17 18 19 20

i2 =

Capital gains redemptions (line 18 minus line 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

=

Federal capital gains refund
Amount from line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i 14.5% =

21

Federal capital gains refund for the year (amount from line 5 or line 21, whichever is less) . . . . . . . . . . . . . . . .

84022

22

Section 2
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Calculation for most provinces and territories
Provincial and territorial rates

Separate calculations are required for Ontario, Manitoba, and Alberta. See pages 3 and 4.

Newfoundland and Labrador Nova Scotia New Brunswick Prince Edward Island Saskatchewan

51.3% 57.5% 57.0% 57.5% 51.7%

British Columbia Northwest Territories Yukon Nunavut

50.7% 48.4% 44.0% 39.7%

Amount from line 22 of Section 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provincial or territorial rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Provincial or territorial capital gains refund (line 1 multiplied by line 2) . . . . . . . . . . . . =

%

1 2
84051

3

Section 3 Ontario refundable capital gains tax on hand

3 Calculation for Ontario

1a i 11.16% = Taxable income for the year (line 56 of the T3 return) . . . . . i 11.16% = 1b Taxed capital gains for the year (line 01 of the T3 return) . . 1c Ontario tax payable for the year (line 19 of Form T3ON) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter whichever amount is the least: line 1a, 1b, or 1c above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84100 Basic tax on hand at the beginning of 2008 (line 5 of Section 3 2a of 2008 Form T184). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84102 2b 2008 Ontario capital gains refund (line 7 of Section 3 of 2008 Form T184). . 84103 ­ = 2c (line 2a minus line 2b) Additional refunds of basic tax before 2009 (total amount from column C of Chart 1, on page 5) . . . . . . . . . . . . . . . . . . . . . . . . Note: If there are amounts (other than 0) for more than one tax year, enter on line 2d the amount from the latest year. 3 Additional refunds of basic tax against tax on hand ­ Amount from line 2c or 2d, whichever is less . . . . 84104 ­ Basic tax on hand at the end of 2008 (line 2c minus line 3) . . . . . = Ontario refundable capital gains tax on hand (line 1 plus line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84105
e

1

2d

4 5

=

Ontario capital gains refund
Amount from line 20 of Section 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
i 5.58% =
84107

6 7

. Ontario capital gains refund of basic tax ­ Amount from line 5 or line 6, whichever is less . . . . . . . . . . . . . . . . .

Ontario capital gains refund of surtax
8 i 20% = Line 7 ­ $4,257 = 9 36% = e i Line 7 ­ $5,370 = = 10 Line 8 plus line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Amount from line 24 of Form T3ON . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ontario capital gains refund of surtax ­ Amount from line 10 or line 11, whichever is less . . . . . . . . . . . . . . . . . . 84112 If the amounts on lines 5 and 22 of Section 1 are the same, the trust may be entitled to an additional capital gains refund. Complete lines 13 to 26 to calculate the additional refund.

12

Additional refund of basic tax
Ontario refundable capital gains tax on hand from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Ontario capital gains refund of basic tax from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Additional refunds of basic tax before 2009 (total amount A from column C of Chart 1, on page 5) . . . . . . . . . . . . . . . ­ B Amount from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84116 e = 15 Subtotal (line A minus line B) = Subtotal (line 14 plus line 15) Additional refunds of basic tax (line 13 minus line 16; if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
84117

13

­ =

16 17

Additional refund of surtax
Surtax: Line 1 Line 1 $4,257 = i 20% = $5,370 = i 36% = e Amount from line 23 of Section 3 of 2008 Form T184 84120 e Total surtax (add lines 18 to 20) 84121 = 18 19 20 21

Ontario capital gains refunds of surtax for the years 1996 to 2008 A (Line 23 of Section 3 of Form T184 for years 1996 to 1999) . . . . . . . . e B (Line 8 of Section 3 of Form T184 for years 2000 to 2008) . . . . 22 Subtotal (line A plus line B) 84122 = e 23 Ontario capital gains refund of surtax for 2009 (line 12 above) . . . . . . . . . . . . . . . . . . 24 Additional refunds of surtax for years 2000 to 2008 (total amount from column B of Chart 1, on page 5). 84124 e Subtotal (add lines 22 to 24) = Additional refund of surtax (line 21 minus line 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84126

=

25 26

Section 3 ­ (Continued) Total Ontario capital gains refund
Total Ontario capital gains refund (add lines 7, 12, 17, and 26). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
84115

4
27

Section 4 Refundable capital gains tax on hand

Calculation for Manitoba

1 Taxable income for 2009 (line 56 of the T3 return)* . . . . . . . . . . . . . . . . . . . . . . . 2 Taxed capital gains for 2009 (line 01 of the T3 return)* . . . . . . . . . . . . . . . . . . . . i 17.4% = Enter the amount from line 1 or line 2, whichever is less . . . . . . . . . . . . . . . . . . Manitoba tax payable for 2009 (line 28 of Form T3MB) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the amount from line 3 or line 4, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount from line 5 of Section 4 of 2008 Form T184 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84409 Total of amounts from lines 6 and 7 of Section 4 of 2008 Form T184 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84410 Total of the trust's Manitoba refundable tax on hand at the end of 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84407 Subtotal (add lines 5 to 8)

e e e

=

3 4 5 6 7 8 9

Capital gains refunds after 2000: 10 Amount from line 12 of Section 4 of 2008 Form T184 . . . . . . . . . . . . 11 Amount from line 15 of Section 4 of 2008 Form T184 . . . . . . . . . . . . e Total of Manitoba capital gains refunds after 2000 84408 (line 10 plus line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84408 ¼ = Refundable capital gains tax on hand (line 9 minus line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . =

12 13

Manitoba capital gains refund
i 8.7% = Federal capital gains redemptions (amount from line 20 of Section 1)*. . . . . . Manitoba capital gains refund (amount from line 13 or line 14, whichever is less) . . . . . . . . . . . . . . . . . . . . . . . . .
84307

14 15

* If the trust has earned income in more than one province or territory, and it has no taxable income for the year, multiply the amount
by the proportion of the amount that would be its Manitoba income for that year if its total income for the year were $1,000.

Section 5 Refundable capital gains tax on hand

Calculation for Alberta
84204

Refundable flat-rate capital gains tax on hand at the end of the previous tax year (amount from line 8 of Section 5 of 2008 Form T184). . .
i 10% = 2 Taxable income for the year (line 56 of the T3 return) . . . . . i 10% = 3 Taxed capital gains for the year (line 01 of the T3 return). . 4 Alberta tax payable for the year (line 23 of Form T3AB) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter whichever amount is the least: line 2, 3, or 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtotal (line 1 plus line 5)

1

e
84209 84210

Provincial flat-rate capital gains refund calculated for the previous tax year (amount from line 26 of Section 5 of 2008 Form T184) . . . . . Refundable capital gains tax on hand (line 6 minus line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

= ­ =

5 6 7 8

Capital gains redemptions
Amount from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
i 100 ÷ 5 = e

9 10 11

Amount from line 13 of Section 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net total at the end of the year (line 9 plus line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital gains redemptions Line 15 of Section 1 i Amount from line 11 Line 17 of Section 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtotal (line 12 divided by line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount designated to beneficiaries from units redeemed (line 19 of Section 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtotal (line 14 minus line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alberta rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital gains redemptions (line 16 multiplied by the rate on line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital gains refund for the year (amount from line 8 or line 18, whichever is less) . . . . . . . . . . . . . . . . . . . . . . .
84203

=

÷ = ­ =
i

5%

=

12 13 14 15 16 17 18 19

Section 6

5 Total capital gains refund for 2009
e e e e

Federal capital gains refund (line 22 of Section 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital gains refunds for most provinces and territories (line 3 of Section 2) . . . . . . . . . . . . . . . Ontario capital gains refund (line 27 of Section 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Manitoba capital gains refund (line 15 of Section 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alberta capital gains refund (line 19 of Section 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 2 3 4 5 6

Total capital gains refund (add lines 1 to 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = Enter the amount from line 6 on line 89 of the T3 return.

Attach a completed copy of this form to the T3 Trust Income Tax and Information Return.

Chart 1 ­ Calculation for Ontario's additional refunds of basic tax and surtax for years 2000 to 2008
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If the trust did not receive an additional capital gains refund for the year (column A is "0"), enter "0" in columns B and C for that year. Tax Year A Additional Ontario capital gains refund B Additional refund of surtax C Additional refund of basic tax (column A minus column B)

All line references are to Section 3 of Form T184 for the applicable year, unless otherwise stated. 2000
Amount from line 41 Line 32 minus line 8 minus total of lines 23 for 1996 to 1999
q

2001

Amount from line 29

Line 23 minus total of lines 8 for 2000 and 2001 minus total of lines 23 for 1996 to 1999 minus amount in column B for 2000 q Line 23 minus total of lines 8 for 2000 to 2002 minus total of lines 23 for 1996 to 1999 minus total of amounts in column B for 2000 and 2001 q Line 23 minus total of lines 8 for 2000 to 2003 minus total of lines 23 for 1996 to 1999 minus total of amounts in column B for 2000 to 2002 q Line 23 minus total of lines 8 for 2000 to 2004 minus total of lines 23 for 1996 to 1999 minus total of amounts in column B for 2000 to 2003 q Line 23 minus total of lines 8 for 2000 to 2005 minus total of lines 23 for 1996 to 1999 minus total of amounts in column B for 2000 to 2004 q Line 23 minus total of lines 8 for 2000 to 2006 minus total of lines 23 for 1996 to 1999 minus total of amounts in column B for 2000 to 2005 q Line 23 minus total of lines 8 for 2000 to 2007 minus total of lines 23 for 1996 to 1999 minus total of amounts in column B for 2000 to 2006 q Line 23 minus total of lines 8 for 2000 to 2008 minus total of lines 23 for 1996 to 1999 minus total of amounts in column B for 2000 to 2007 q
Total of all amounts in column B
q

2002

Amount from line 29

2003

Amount from line 29

2004

Amount from line 29

2005

Amount from line 29

2006

Amount from line 29

2007

Amount from line 33

2008

Amount from line 33

Total of all amounts in column C
q

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