Free untitled - Canada

British Columbia Tax
You have to complete this form for a trust resident in British Columbia and for a non-resident trust that carries on a business through a permanent establishment in British Columbia. Include a completed copy of this form with the trust's return. Taxable income (line 56 of the return)

T3BC
T3 2009

1

Step 1 ­ British Columbia tax on taxable income Testamentary trusts or grandfathered inter vivos trusts
Use the amount on line 1 to determine which one of the following columns you have to complete. Then, enter the amount from line 1 in the applicable column. Line 2 minus line 3 (cannot be negative) Multiply line 4 by line 5 Tax on income base British Columbia tax on taxable income (line 6 plus line 7) If line 1 is $35,716 or less If line 1 is more than $35,716, but not more than $71,433 If line 1 is more than $71,433, but not more than $82,014 If line 1 is more than $82,014, but not more than $99,588 If line 1 is more than $99,588 2 3 4 5 6 7 8

0 00 5.06% 0 00

35,716 00 7.7% 1,807 00

71,433 00 10.5% 4,557 00

82,014 00 12.29% 5,668 00

99,588 00 14.7% 7,828 00

Inter vivos trusts (other than grandfathered)
British Columbia tax on taxable income: Line 1 14.7% 9

Step 2 ­ Donations and gifts tax credit
Total donations and gifts Line 17A of Schedule 11 14612 On the first $200 or less

5.06% 14.7%
14614 ½

On the remainder Donations and gifts tax credit (line 10 plus line 11)

10 11 12

Step 3 ­ British Columbia tax
Enter the amount from line 8 or line 9 above. Donations and gifts tax credit (line 12) Dividend tax credit Line 24 of Schedule 8 Line 31 of Schedule 8 Minimum tax carryover Line 30 of Schedule 11 Total credits (add lines 14 to 17) Subtotal (line 13 minus line 18. If negative, enter "0".) British Columbia additional tax for minimum tax purposes Subtotal (line 19 plus line 20) (Amount J from Chart 3 of Schedule 12) 14602 ½ 14605 ½
14610 14601 ½

13

14 35.44% 21% 33.7%
14618 ½ 14615 ½ 14616 ½

15 16 17 18 19 20 21 22 23

British Columbia foreign tax credit (from Form T2036, Provincial or Territorial Foreign Tax Credit) Subtotal (line 21 minus line 22. If negative, enter "0".) Logging tax credit (see instructions on back)
14671 Total British Columbia political contributions Allowable political contribution tax credit (see instructions on back) Total credits (add lines 24 and 26) 14690

24

25
14670 ½

26 27
14680 ½

British Columbia tax (line 23 minus line 27. If negative, enter "0".) Enter this amount on line 82 of the return.

28

T3BC E (09)

British Columbia Tax Instructions
What's new for 2009
The base amounts, the tax on income base amounts, and the dividend tax credit rates have changed. See below for more information about the following amounts:
¼ ¼ ¼

logging tax credit; allowable political contribution tax credit; and mining exploration tax credit.

Line 24 ­ Logging tax credit If the trust has logging operations in British Columbia on which British Columbia logging tax is payable for this tax year, it may be able to claim this credit. On line 24 of this form, enter the provincial credit allowable from Form FIN 542, Logging Tax Return of Income. Include a copy of Form FIN 542 with the trust's return. To get form FIN 542, go to www.sbr.gov.bc.ca/documents_library/forms/0542FILL.pdf.

Line 26 ­ Allowable political contribution tax credit A trust can deduct, from its taxes payable to British Columbia, part of the amounts it paid to:
¼ ¼ ¼

a registered political party of British Columbia; a registered constituency association of British Columbia; or a candidate seeking election to the British Columbia legislature.

Attach an official receipt to the return as proof of payment, and use the applicable column to calculate the allowable credit. Total political contributions in the year: Enter amount A on line 25. Contributions of $100 or less Amount A Contribution base Line 1 minus line 2 Credit rate Line 3 multiplied by line 4 Base credit Allowable credit ­ line 5 plus line 6 Enter this amount on line 26. 1 2 3 4 5 6 7 0 00 75% 0 00
A

Contributions more than $100, but not more than $550 100 00 50% 75 00

Contributions more than $550, but not more than $1,150 550 00 33.33% 300 00

Contributions over $1,150

500 00

Mining exploration tax credit On line 91 of the trust's return, enter the amount of credit from Form T88, British Columbia Mining Exploration Tax Credit (Individuals). Include a copy of Form T88 with the trust's return.

If you have questions...
If you have questions about British Columbia tax and credits, visit the Canada Revenue Agency (CRA) Web site at www.cra.gc.ca, or call the CRA at 1-800-959-8281. To get forms, go to www.cra.gc.ca/forms, or call 1-800-959-2221.