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T3BC T3 2009

British Columbia Tax
NOTE: In this form, the text inserted between square brackets represents the regular print information. 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) 1

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T3BC ­ 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. more than If line 1 is Enter the amount from line 1. 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) $35,716 or less $35,716, but not more than $71,433

2

­ = × = +

0 00 3 ­ 4 = 5.06% 5 × 6 = 0 00 7 +

35,716 00 7.7% 1,807 00

=
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8 =

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. more than more than $71,433, but not $82,014, but not more than $82,014 more than $99,588 If line 1 is Enter the amount from line 1. 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) 2

­ = × = +

71,433 00 3 ­ 4 = 10.5% 5 × 6 = 4,557 00 7 +

82,014 00 12.29% 5,668 00

=
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8 = continue on next page

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. more than $99,588

If line 1 is

2 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)

­ = × = +

99,588 00 3 4 14.7% 5 6 7,828 00 7

=
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8

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

× ×

5.06% 14.7%

= = + =

10 11 12

14614

Step 3 ­ British Columbia tax
Enter the amount from line 8 or line 9 on pages 2, 3 or 4 or above [above].
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14601 continue on next page

13

Donations and gifts tax credit (line 12) Dividend tax credit Line 24 of Schedule 8

14

× 35.44%
Dividend tax credit Line 31 of Schedule 8

=

14618

+

15

×

21%

=

14615

+

16

Minimum tax carryover Line 30 of Schedule 11

×

33.7%

=

14616

+ = ­

17

Total credits (add lines 14 to 17)

18 19

Subtotal (line 13 minus line 18. If negative, enter "0".)

=

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British Columbia additional tax for minimum tax purposes (Amount J from Chart 3 of Schedule 12) Subtotal (line 19 plus line 20) 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 page 8 [back] ) Total British Columbia political contributions Allowable political contribution tax credit (see instructions on page 8 [back] )

14602 14605

+ =

20 21

14610

­ =

22 23

14690 14671 25

24

14670

+

26

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Total credits (add lines 24 and 26)

= ­
27

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

14680

=

28

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 pages 9 to 12 [below] for more information about the following amounts: logging tax credit; allowable political contribution tax credit; and mining exploration tax credit.

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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: 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.
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Contributions of $100 or less

Contributions more than $100, but not more than $550

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

­ = × = +
75%

0 00 2 ­ 3 = 4 × 5 = 0 00 6 +

100 00 50% 75 00

=

7 =

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Contributions more than $550, but not more than $1,150

Contributions over $1,150

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

­ = × = +

550 00 2 3 33.33% 4 5 300 00 6

=

7 =

500 00

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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.

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