Free untitled - Canada

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

T3NL
T3 2009

1

Step 1 ­ Newfoundland and Labrador 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. more than $31,061, but not more than $62,121

If the amount from line 1 is: Enter the amount from line 1. Base amount Line 2 minus line 3 Rate Multiply the amount on line 4 by the rate on line 5. Tax on base amount Newfoundland and Labrador tax on taxable income (line 6 plus line 7) 2 3 4 5 6 7

$31,061 or less

more than $62,121 2 3 4 5 6 7 8

0 00
q i q e

31,061 00
q i q e q

62,121 00
q i q e q

7.7% 0 00

12.8% 2,392 00

15.5% 6,367 00

8 q

Inter vivos trusts (other than grandfathered)
Newfoundland and Labrador tax on taxable income: Line 1 i 15.5% q 9

Step 2 ­ Donations and gifts tax credit
Total donations and gifts Line 17A of Schedule 11 13012 On the first $200 or less On the remainder Donations and gifts tax credit (line 10 plus line 11)

i i

7.7% q 15.5% q

10 e 13014 ½ q 11 12

Step 3 ­ Newfoundland and Labrador 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".) Newfoundland and Labrador additional tax for minimum tax purposes Subtotal (line 19 plus line 20) i i i 31.42% q 13018 ½ e 25% q 13015 ½ e 51.3% q 13016 ½ e q 15 16 17 q (Amount A from Chart 3 of Schedule 12) 13002 ½ e 13005 ½ q
13060 13011 ½

13

14

18 19 20 21 22

Newfoundland and Labrador foreign tax credit (from Form T2036, Provincial or Territorial Foreign Tax Credit) Newfoundland and Labrador tax (line 21 minus line 22. If negative, enter "0".) Enter this amount on line 82 of the return.

13090 ½ q

23

T3NL E (09)

Newfoundland and Labrador Tax Instructions
What's new for 2009
The base amounts, the tax rates, the tax on base amounts, the minimum tax carryover rate, and the rates that apply to the donations and gifts tax credit have changed. The rate that applies to the taxable amount of eligible dividends, for purposes of the dividend tax credit, has also changed.

If you have questions...
If you have questions about Newfoundland and Labrador 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.