Free untitled - Canada

T3 ­ 2009

FEDERAL INCOME TAX

SCHEDULE 11

For information on completing this schedule, see Chapter 3 in publication T4013, T3 Trust Guide. Include a completed copy of this schedule with the trust's return.
Enter your taxable income from line 56 of the T3 return. 1

Step 1 ­ Tax on taxable income Testamentary trusts or grandfathered inter vivos trusts Use the amount from line 1 to determine which one of the following columns you have to complete.
If the amount from line 1 is: Enter the amount from line 1 above Base amount Line 2 minus line 3 Tax rate Multiply line 4 by the rate on line 5 Tax on base amount Federal tax on taxable income (line 6 plus line 7) 2 3 4 5 6 7 $40,726 or less

more than $40,726, but not more than $81,452

more than $81,452, but not more than $126,264

more than $126,264 2 3 4 5 6 7 8

0 00
q i q e q

40,726 00
q i q e q

81,452 00
q i q e q

126,264 00
i q e q

15% 0 00

22% 6,109 00

26% 15,069 00

29% 26,720 00

8 q

Inter vivos trusts (other than grandfathered)
Federal tax on taxable income Line 1 i 29% q 9

Step 2 ­ Donations and gifts tax credit
Eligible amount of all donations made after 2003 that has not been claimed in any previous year and is not included on line 16 below (see the T3 Trust Guide) 25% of taxable capital gains from gifts of capital property (see Schedule 11, line 27 in the T3 Trust Guide) 25% of recapture of capital cost allowance (CCA) on donated depreciable property 75% of net income (Line 50 of the T3 return Total charitable donations limit (add lines 11 to 13) Line 10 or line 14, whichever is less Eligible amount of any cultural, ecological, or government gifts made after 2003 and agreed to in writing before February 19, 1997, that has not been claimed in any previous year Total donations and gifts (line 15 plus line 16) Donations claimed in 2009 On the first $200 or less On the remainder Donations and gifts tax credit (line 18 plus line 19)
11125

11121

10 11 12 13 14 15

11123 11124

i 3/4) q

e e q

11122 e

q 17A i 15% q i 29% q

16 17

e q

18 19
11120 ½

20

Continue at Step 3 on the other side.

T3 SCH 11 E (09)

(Ce formulaire est disponible en français.)

Step 3 ­ Federal tax
Federal tax on taxable income (line 8 or line 9) Tax adjustments ­ Lump-sum payments under ITAR 40 (see Schedule 11, line 22 in the T3 Trust Guide ) Adjusted federal tax (line 21 plus line 22) Federal dividend tax credit Dividend tax credit for eligible dividends (line 24 of Schedule 8 i 61.1111%) q Dividend tax credit for dividends other than eligible dividends (line 31 of Schedule 8 i 66.6667%) q Total federal dividend tax credit (line 24 plus line 25) Donations and gifts tax credit (from line 20) Total credits (line 26 plus line 27)
11108 ½ 11080 11090

21 e q 22 23

24

11109 ½ e 11110 ½ q

25 e q 26 27 q
11130 11150 ½ q

Subtotal (line 23 minus line 28; if negative, enter "0") Minimum tax carryover from previous years (line 72 of Schedule 12) Basic federal tax (line 29 minus line 30; if negative, enter "0") Surtax on income not subject to provincial or territorial tax (part of line 31 not subject to these taxes Federal foreign tax credit (available to resident trusts only; attach Form T2209, Federal Foreign Tax Credits) Total federal political contributions
11191

28 29 30 31 32 33

i 48%) q 11160 ½ e Subtotal (line 31 plus line 32) q
11180 ½

34

35
11190 ½ e

Allowable federal political contribution tax credit (from the calculation for Schedule 11, line 36 in the T3 Trust Guide) Investment tax credit (from Form T2038(IND), Investment Tax Credit (Individuals)) Federal logging tax credit for British Columbia Federal environmental trust tax credit Federal logging tax credit for Quebec Total credits (add lines 34, and 36 to 40)

e 11210 e 11213 e 11214 e
11200

36 37 38 39 40 q e q 41 42 43 44

q Subtotal (line 33 minus line 41; if negative, enter "0")

Additional tax on RESP accumulated income payments (attach Form T1172) Federal tax payable (line 42 plus line 43)

If minimum tax applies to the trust, continue the calculations on Schedule 12. If not, enter the amount from line 44 on line 81 of the return.

Refundable Quebec abatement (see Schedule 11, line 45 in the T3 Trust Guide) Enter this amount on line 87 of the return.

(Line 31

i 16.5%) q

45