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Current CRA website

Line 12200 – Net partnership income: limited or non-active partners only

See line 22200 Deduction for CPP or QPP contributions on self-employment and other earnings. ... If you are not a limited partner, enter your partnership income from self-employment on line 13500 14300, and see Business. Forms and publications T1 Income Tax and Benefit Guide Interpretation Bulletin IT510, Transfers and loans of property made after May 22, 1985 to a related minor Interpretation Bulletin IT511, Interspousal and certain other transfers and loans of property Related topics Rental income, Line 12600 Net Self-employment income, Lines 13500 to 14300 Net Line 22200 Deduction for CPP or QPP contributions on self-employment and other earnings Line 25100 Limited partnership losses of other years Report a problem or mistake on this page Thank you for your help! ...
Current CRA website

T4A-RCA slip – Retirement Compensation Arrangement (RCA) trust

Fill out the slips and summaries Fill out the slips and summaries T4 slip Employers T4 Summary Employers T4A slip Payers T4A Summary Payers T4A-RCA slip T4A-RCA Summary T4A-NR slip T4A-NR Summary T1204 slip T1204 Summary T5018 slip T5018 Summary When to file information returns How to file information returns Distribute the slips Receiving your notice of assessment- PD7D Make corrections after filing T4A-RCA slip Retirement Compensation Arrangement (RCA) trust On this page What is a T4A-RCA slip When to issue What to report How to fill out What is a T4A-RCA slip A T4A-RCA slip identifies the amounts distributed during a calendar year to a person from a retirement compensation arrangement (RCA), as a beneficiary of the RCA or if they sold an interest in it. ... Box 16 Distributions Report the amount you paid to the beneficiary as benefits from the RCA trust. ... Box 24 Social insurance number Enter the recipient's social insurance number. ...
Current CRA website

T1204 slip – Government services contract payments

Fill out the slips and summaries Fill out the slips and summaries T4 slip Employers T4 Summary Employers T4A slip Payers T4A Summary Payers T4A-RCA slip T4A-RCA Summary T4A-NR slip T4A-NR Summary T1204 slip T1204 Summary T5018 slip T5018 Summary When to file information returns How to file information returns Distribute the slips Receiving your notice of assessment- PD7D Make corrections after filing T1204 slip Government services contract payments On this page What is a T1204 slip When to issue What to report How to fill out What is a T1204 slip Sample A T1204 slip identifies the total contract payments a federal department or agency, or Crown corporation, made during a calendar year for services and/or payments for products, expenses, or reimbursements. ... Box 23 Recipient type Enter the appropriate code from the following list: Recipient codes and related types of recipient Recipient code Type of recipient 1 Sole proprietor (RT) 3 Corporation (RC) 4 Partnership Box 82 Service payments only Report the total amount of payments you made for services (including reimbursements) during the calendar year. ... Box 86 Partnership's account number Enter the partnership's business number or GST/HST number and the partnership filer identification number, if the contractor has one. ...
Current CRA website

Part 3C – Gross business or professional income

Part 3C Gross business or professional income Line 8000 Adjusted gross sales or adjusted Professional fees Line 8290 Reserves deducted last year Line 8230 Other income Line 8299 Gross business or Professional income Line 8000 Adjusted gross sales or adjusted professional fees If you are completing Form T2125 for a business activity, enter at line 8000 your adjusted gross sales from amount 3G in Part 3A. ... Line 8290 Reserves deducted last year Include any reserves you deducted for 2023. ... For more information, go to Line 9974 GST/HST rebate for partners received in the year. ...
Current CRA website

Webinar – Rules for charities making grants to grantees (non-qualified donees)

Slide 6 Part 1 Background Dylan: First, we’ll briefly discuss some background. ... Link summary on slide: CG-032, Registered charities making grants to non-qualified donees Slide 13 Grants to grantees (cont’d) Dylan: Here are the rules these are the musts here’s what a charity is required to, or must do. ... Slide 22 Part 3 Special topics Dylan: Now let’s discuss a few special topics that come up in the guidance. ...
Current CRA website

Completing your return (

ARCHIVED- Federal Income Tax and Benefit Guide 2021 Completing your return (Step 5) On this page... Step 5 Federal tax Part A Federal tax on taxable income Part B Federal non-refundable tax credits Newcomers to Canada and emigrants Amounts for non-resident dependants Line 30800 Base CPP or QPP contributions through employment income Line 31000 Base CPP or QPP contributions on self-employment income and other earnings Line 31200 Employment insurance premiums through employment Line 31205 Provincial parental insurance plan (PPIP) premiums paid Line 31350 Digital news subscription expenses Line 32400 Tuition amount transferred from a child or grandchild Line 33099 Medical expenses for self, spouse or common-law partner, and your dependent children born in 2004 or later Step 5 Federal tax Part A Federal tax on taxable income Complete the appropriate column of the chart using the amount from line 26000 of your return. Part B Federal non-refundable tax credits These credits reduce the federal tax you have to pay. ...
Current CRA website

Employers’ Guide – Payroll Deductions and Remittances

Prorated maximum contribution for 2024: ($68,500 3,500) × 6/12 × 5.95% = $1,933.75 (6/12 represents the number of pensionable months divided by 12). ... Prorated maximum contribution for 2024: ($68,500 3,500) × 2/12 × 5.95% = $644.58 (2/12 represents the number of pensionable months divided by 12). ... Prorated maximum contribution for 2024: ($68,500 3,500) × 7/12 × 5.95% = $2,256.04 (7/12 represents the number of pensionable months divided by 12). ...
Current CRA website

Indians – Taxable employment income

Indians Taxable employment income If you are an employer paying taxable salary or wages, benefits or allowances to an Indian employee, you have to deduct CPP/QPP contributions, EI premiums, and income tax, as well as PPIP premiums (for employees working in Quebec). ... Note If you paid a retiring allowance to an Indian, see Retiring allowances and Code 69 Indian (exempt income) Non-eligible retiring allowances for more information. ...
Current CRA website

Completing an Excise Duty Return – Duty Free Shop

The offices are listed at Contact Information Excise and Specialty Tax Directorate. ... Line 8 Refunds (B256 attached) Enter the total refund claimed on line 8 only if you are attaching Form B256, Excise Act, 2001 Application for Refund. ... Line 10 Amount due Enter the amount from line 9. Line 11 Payment / Credit due Enter the amount from line 10. ...
Current CRA website

Businesses have different filing and payment deadlines – here is a quick reference to help you stay organized

Payments Corporations Corporations generally have to pay income tax in monthly or quarterly instalments if their total tax is more than $3,000. This total includes taxes under specific parts of the Income Tax Act: Part I Tax on income Part II.2 Tax payable on repurchases of equity (proposed) Part VI Tax on capital of financial institutions Part VI.1 Tax on corporations paying dividends on taxable preferred shares Part XII.1 Tax on carved-out income Part XII.3 Tax on investment income of life insurers Part XIII.1 Additional tax on authorized foreign banks For more information on the specific parts of the Income Tax Act, please visit the Corporation Instalment Guide 2024. ... Your instalment due dates are as follows: Fiscal quarter and due date table Fiscal Quarter Due Date January 1 March 31, 2024 April 30, 2024 April 1 June 30, 2024 July 31, 2024 July 1 September 30, 2024 October 31, 2024 October 1 December 31, 2024 January 31, 2025 For those who have a December 31st year end, file annually and reported an amount owing for 2023, it is important to note that you must pay the amount owed by April 30, 2024, but have until June 15, 2024, to file the return. ...

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