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ARCHIVED - General Income Tax and Benefit Guide for Non-Residents and Deemed Residents of Canada - 2001

5013-G

Taxable income

Line 248 - Employee home relocation loan deduction

Enter the total of the amounts shown in box 37 of your T4 slips.

Line 249 - Stock option and shares deductions

Enter the total of the amounts shown in boxes 39 and 41 of your T4 slips. In addition, if you disposed of securities for which you had previously deferred the taxable benefit (see "Stock-option benefits") claim 50% of the amount from line 4 of Form T1212, Statement of Deferred Stock Option Benefits .

You may be able to claim a deduction for donating securities you acquired through your employer's stock option plan. For details, see "Gifts of securities acquired under a stock-option plan" in the Gifts and Income Tax pamphlet.

Line 250 - Other payments deduction

Generally, you can deduct the amount from line 147 of your return. This is the total of the workers' compensation payments, social assistance payments, and net federal supplements you entered on lines 144, 145, and 146.

Line 251 - Limited partnership losses of other years

If you had limited partnership losses in previous years that you have not already deducted, you may be able to claim part of these losses against income earned from the same partnership. For details, contact the International Tax Services Office.

You can carry forward limited partnership losses indefinitely. If you claim these losses, attach a statement showing a breakdown of your total loss, the year of each loss, and the amounts deducted in previous years. You cannot use the amount in box 31 of your T5013 slip for 2001 on your return for 2001.

Line 252 - Non-capital losses of other years

Deemed residents - Enter the amount of your unapplied non-capital losses you reported on your 1994 to 2000 returns, or your unapplied farming and fishing losses you reported on your 1991 to 2000 returns, that you want to apply in 2001. Your available losses are shown on your Notice of Assessment or Notice of Reassessment for 2000.

There are restrictions on the amount of certain farm losses that you can deduct each year. If you have a farming or fishing business, get the Farming Income , Farming Income and NISA , or Fishing Income guide for details.

If you need more information on losses, get Interpretation Bulletin IT-232, Losses - Their Deductibility in the Loss Year or in Other Years .

Non-residents and non-residents electing under section 217 - Contact the International Tax Services Office for the special rules that apply to you.

Line 253 - Net capital losses of other years

Deemed residents - Within certain limits, you can deduct your net capital losses of previous years that you have not already claimed. Your available losses are shown on your Notice of Assessment or Notice of Reassessment for 2000. You probably will have to adjust any losses you incurred after 1987. For details, get the Capital Gains guide.

Non-residents and non-residents electing under section 217 - Contact the International Tax Services Office for the special rules that apply to you.

Line 254 - Capital gains deduction

You can claim a capital gains deduction for gains realized on qualified small business corporation shares and qualified farm property. For more details on this deduction, get the Capital Gains guide.

Line 255 - Northern residents deductions

To make your claim, use Form T2222, Northern Residents Deductions . You can get a copy from any of our offices or the International Tax Services Office. For a list of the areas that qualify, get publication T4039, Northern Residents Deductions - Places in Prescribed Zones .

Receipts - Attach a completed Form T2222 to your return, but not your receipts. Keep them in case we ask to see them.

Line 256 - Additional deductions

In the space to the left of line 256, specify the deduction you are claiming. If you have more than one amount, or you want to explain your deduction more fully, attach a note to your return.

Income exempt under a tax treaty

Deemed residents - You can claim a deduction for the part of foreign income you included on your return (such as support payments you received from a resident of another country and reported on line 128) that is tax-free in Canada because of a tax treaty.

Non-residents and non-residents electing under section 217 - You can claim a deduction for Canadian-source income you included on your return if it is tax-free in Canada because of a tax treaty. If you do not know whether your income is tax-free in Canada, contact the International Tax Services Office.

Vow of perpetual poverty

If you have taken a vow of perpetual poverty as a member of a religious order, you can deduct the amount of earned income and pension benefits that you have given to the order. Attach a letter from your order or your employer stating that you have taken a vow of perpetual poverty. For more information, see Interpretation Bulletin IT-86, Vow of Perpetual Poverty .

Employment with a prescribed international organization

You can claim a deduction for your net employment income from certain international organizations, such as the United Nations and its Specialized Agencies, which you reported on this return. Net employment income is your employment income from these agencies minus the related employment expenses that you are claiming.

Date modified:

2002-12-14