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Date: January 18, 2010
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State: Canada
Category: Tax Forms
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http://www.cra-arc.gc.ca/E/pbg/tf/t3sch1/t3sch1-lp-09e.pdf

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T3DISPOSITIONS OF CAPITAL PROPERTY

SCHEDULE 1

NOTE: In this form, the text inserted between square brackets represents the regular print information. Enter the applicable tax year in the box above. For information on completing this schedule, see Chapter 3 in publication T4013, "T3 Trust Guide". If the trust is reporting a deemed disposition, first complete Form T1055, "Summary of Deemed Dispositions". If you need more space, attach a separate sheet of paper. Include a completed copy of this schedule with the trust's return. Note: Do not use this schedule to claim an allowable business investment loss from disposing of shares or debts of a small business corporation (see Line 25 in the "T3 Trust Guide").

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T3 SCH 1 ­ 1

Qualified small business corporation shares No. of shares Name of corporation and class of shares (1) Year of acquisition

(2) Proceeds of disposition

(3) Adjusted cost base

Total 1011 (4) Outlays and expenses (from dispositions) (5) Gain (or loss) (column 2 minus columns 3 and 4)

Gain (or loss) 1012
T3 SCH 1 ­ 2

1

Qualified farm or fishing property Address or legal description (1) Year of acquisition

(2) Proceeds of disposition

(3) Adjusted cost base

Total 1021 (4) Outlays and expenses (from dispositions) (5) Gain (or loss) (column 2 minus columns 3 and 4)

Gain (or loss) 1022
T3 SCH 1 ­ 3

+
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2

Mutual fund units and other shares (report capital gains or losses shown on an information slip on line 10 on page 9 [below] ) No. of shares Name of corporation and class of shares (1) Year of acquisition

(2) Proceeds of disposition

(3) Adjusted cost base

Total 1031 (4) Outlays and expenses (from dispositions) (5) Gain (or loss) (column 2 minus columns 3 and 4)

Gain (or loss) 1032
T3 SCH 1 ­ 4

+

3

Bonds, debentures, promissory notes, and other similar properties Face value Maturity date Name of issuer (1) Year of acquisition

(2) Proceeds of disposition

(3) Adjusted cost base

Total 1041 (4) Outlays and expenses (from dispositions) (5) Gain (or loss) (column 2 minus columns 3 and 4)

Gain (or loss) 1042
T3 SCH 1 ­ 5

+
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4

Real estate and depreciable property (do not include losses on depreciable property) Address or legal description (1) Year of acquisition

(2) Proceeds of disposition

(3) Adjusted cost base

Total 1051 (4) Outlays and expenses (from dispositions) (5) Gain (or loss) (column 2 minus columns 3 and 4)

Gain (or loss) 1052
T3 SCH 1 ­ 6

+

5

Personal-use property (full description) (1) Year of acquisition

(2) Proceeds of disposition 1061 (4) Outlays and expenses (from dispositions)

(3) Adjusted cost base

(5) Gain (or loss) (column 2 minus columns 3 and 4)

(If negative, enter "0") 1062

+

6

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T3 SCH 1 ­ 7

Listed personal property (LPP) (full description) (1) Year of acquisition

(2) Proceeds of disposition 1071 (4) Outlays and expenses (from dispositions)

(3) Adjusted cost base

(5) Gain (or loss) (column 2 minus columns 3 and 4)

1072 Note: You can only apply LPP losses against LPP gains.

7

T3 SCH 1 ­ 8

Enter LPP losses from line 7 of Form T1055, and unapplied LPP losses from other years (give details). Net gain (line 7 minus line 8) Information slips ­ Capital gains (or losses) (attach T3, T5, T4PS, T5013, and T5013A slips) Subtotal (add lines 1 to 6, 9, and 10) Capital losses from a reduction in business investment loss

1080

­ ­ +

8 9

1100

­ + ­ = ­ ­ = ­ + =

10 11 12 14 15 16

1130

Total of amounts in column 5 before reserves (line 11 minus line 12) Reserves from line 9, column 3 of Schedule 2 (if negative, show it in brackets) Subtotal (line 14 plus line 15) 1170

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T3 SCH 1 ­ 9

Capital gains on gifts of certain capital property eligible for 0% inclusion rate (amount from line 3 of Schedule 1A; attach Schedule 1A) Subtotal (line 16 minus line 17) Capital gains from gifts of other capital property (see Schedule 1, line 17 in the "T3 Trust Guide") Total capital losses transferred under subsection 164(6) (do not put this amount in brackets) Total capital gains (or losses) (line 17A plus line 19) Multiply line 20 by 1/2. Total taxable capital gains (or net capital losses) 1220

­ =

17 17A

1191

­

18

1646

­ + = × =
1/2

19 20

21

If the amount on line 21 is positive, enter it on line 01 of the return. If the amount is negative, see line 01 in the "T3 Trust Guide".

T3 SCH 1 ­ 10