Free untitled - Canada

T3ON T3 2009

Ontario 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 Ontario and for a non-resident trust that carries on a business through a permanent establishment in Ontario. Include a completed copy of this form with the trust's return. Taxable income (line 56 of the return) 1

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Step 1 ­ Ontario 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. $36,848 or less more than $36,848, but not more than $73,698

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 Ontario tax on taxable income (line 6 plus line 7)

2

­ = × = + =
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0 00 3 ­ 4 = 6.05% 5 × 6 = 0 00 7 + 8 =

36,848 00 9.15%

2,229 00

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 $73,698 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 Ontario tax on taxable income (line 6 plus line 7) 2

­ = × = + =

73,698 00 3 4 11.16% 5 6 5,601 00 7 8 continue on next page

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Inter vivos trusts (other than grandfathered) Ontario tax on taxable income: Line 1

× 11.16%

=

9

Step 2 ­ Donations and gifts tax credit
Total donations and gifts Line 17A of Schedule 11 13412 On the first $200 or less On the remainder Donations and gifts tax credit (line 10 plus line 11)

×

6.05%

= = + =

10 11 12

× 11.16%

13414

Step 3 ­ Ontario tax
Enter the amount from line 8 or line 9 on pages 2 and 3 or [above].
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13401

13

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

14

× 23.84%
Dividend tax credit Line 31 of Schedule 8

=

13418

+

15

× 25.66%
Minimum tax carryover Line 30 of Schedule 11

=

13415

+

16

× 40.33%

=

13416

+ = ­

17

Total credits (add lines 14 to 17)

18 19

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

=
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Ontario additional tax for minimum tax purposes (Amount E from Chart 3 of Schedule 12) Subtotal (line 19 plus line 20) Surtax (Line 21 minus $4,257)

13402 13405

+ =

20 21

× 20% (if negative, enter "0")
(Line 21

= = + =
13410

22

minus $5,370) 23

× 36% (if negative, enter "0")

Total surtax (line 22 plus line 23)

+ =

24 25

Subtotal (line 21 plus line 24) Ontario foreign tax credit (from Form T2036, "Provincial or Territorial Foreign Tax Credit")

13430

­

26

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Ontario tax (line 25 minus line 26. If negative, enter "0".) Enter this amount on line 82 of the return.

13460

=

27

Ontario Tax Instructions
What's new for 2009
The base amounts, the tax on base amounts, the surtax thresholds and the minimum tax carryover calculation 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 Ontario tax and credits, go to the Ontario Ministry of Revenue Web page at ontario.ca/revenue, or contact them at the following numbers: English and French: 1-866-ONT-TAXS (1-866-668-8297) Teletypewriter (TTY): 1-800-263-7776 continue on next page
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If you have other questions, 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.

T3ON ­ 8