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T3SK T3 2009

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

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T3SK ­ 1

Step 1 ­ Saskatchewan 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. 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 Saskatchewan tax on taxable income (line 6 plus line 7) $40,113 or less more than $40,113, but not more than $114,610

2

­ = × = +
11%

0 00 3 ­ 4 = 5 × 6 = 0 00 7 +

40,113 00 13%

4,412 00

=
T3SK ­ 2

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. 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 Saskatchewan tax on taxable income (line 6 plus line 7) more than $114,610

2

­ = × = +

114,610 00 3 4 15% 5 6 14,097 00 7

=
T3SK ­ 3

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

× 15%

=

9

Step 2 ­ Donations and gifts tax credit
Total donations and gifts Line 17A of Schedule 11 14212 On the first $200 or less On the remainder Donations and gifts tax credit (line 10 plus line 11)

× 11% × 15%

= =
14214

10

+ =

11 12

Step 3 ­ Saskatchewan tax
Enter the amount from line 8 or line 9 on pages 2 and 3 [above].
T3SK ­ 4

14201

13

Saskatchewan farm and small business capital gains tax credit (see instructions on page 8 [back] ) Subtotal (line 13 minus line 14. If negative, enter "0".) Donations and gifts tax credit (line 12) Dividend tax credit Line 24 of Schedule 8

14204

­ =
16

14 15

× 35.44%
Dividend tax credit Line 31 of Schedule 8

=

14218

+

17

×

30%

=

14215

+

18

Minimum tax carryover Line 30 of Schedule 11

×

50%

=

14216

+

19

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T3SK ­ 5

Total credits (add lines 16 to 19)

= ­
20 21

Subtotal (line 15 minus line 20. If negative, enter "0".) Saskatchewan additional tax for minimum tax purposes (Amount H from Chart 3 of Schedule 12) Subtotal (line 21 plus line 22) Saskatchewan foreign tax credit (from Form T2036, "Provincial or Territorial Foreign Tax Credit") Saskatchewan unused royalty tax rebate Total Saskatchewan political contributions

=

14202 14205

+ =

22 23

14290 14310 14321

24

+
26

25

T3SK ­ 6

Allowable political contribution tax credit (see instructions on page 9 [back] ) Saskatchewan labour-sponsored venture capital corporations tax credit (see instructions on page 12 [back] )

14320

+

27

14303

+ = ­

28

Total credits and rebate (add lines 24, 25, 27, and 28)

29

Saskatchewan tax (line 23 minus line 29. If negative, enter "0".) Enter this amount on line 82 of the return.

14330

=

30

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T3SK ­ 7

Saskatchewan Tax Instructions
What's new for 2009
The base amounts and the tax on base amounts have changed. The maximum Saskatchewan labour-sponsored venture capital corporations tax credit has increased to $1,000. See below for more information about the following amounts: Saskatchewan farm and small business capital gains tax credit; allowable political contribution tax credit; and Saskatchewan labour-sponsored venture capital corporations tax credit. Line 14 ­ Saskatchewan farm and small business capital gains tax credit If the trust has a Saskatchewan farm and small business capital gains tax credit, enter on line 14 of this form the amount from Form T3SK(CG), "Saskatchewan Farm and Small Business Capital Gains Tax Credit (Trusts)". Complete and include Form T3SK(CG) with the trust's return.
T3SK ­ 8

Line 27 ­ Allowable political contribution tax credit A trust can deduct, from its taxes payable to Saskatchewan, part of the amounts it paid to: a registered political party of Saskatchewan; or an independent candidate in a Saskatchewan provincial election. 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 26. A

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T3SK ­ 9

Contributions of $400 or less

Contributions more than $400, but not more than $750

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 27.

1

­ = × = +
75%

0 00 2 ­ 3 = 4 × 5 = 0 00 6 +

400 00 50% 300 00

=

7 =

T3SK ­ 10

Contributions more than $750, but not more than $1,275

Contributions over $1,275

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 27.

1

­ = × = +

750 00 2 3 33.33% 4 5 475 00 6

=

7 =

650 00

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T3SK ­ 11

Line 28 ­ Saskatchewan labour-sponsored venture capital corporations tax credit If the trust has a Saskatchewan labour-sponsored venture capital corporations tax credit, enter on line 28 of this form, the amount shown on Slip T2C(SASK.), "Saskatchewan Tax Incentive", to a maximum of $1,000. Include Slip T2C(SASK.) with the trust's return. If you have questions . . . If you have questions about the labour-sponsored venture capital program or Slip T2C(SASK.) contact: Enterprise Saskatchewan 200 ­ 3085 Albert Street Regina SK S4S 0B1 Telephone: 306-787-8904 If you have questions about Saskatchewan 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.

T3SK ­ 12