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Current CRA website
Example – How AIPs are taxed
Example – How AIPs are taxed Example The RESP under which Mary is an original subscriber allows AIPs. ... Mary fills out Form T1172, Additional Tax on Accumulated Income Payments from RESPs, to determine the amount of additional tax she has to pay for 2021 as follows: Step 1: Calculate amount subject to the additional tax: AIP for 2021 ($16,000) − Amount Mary deducts for 2020 for RRSP contributions from an AIP ($14,000) = Amount subject to the additional tax ($2,000) Step 2: Calculate additional tax payable: Amount subject to the additional tax ($2,000) × Rate (20%) = Additional tax payable ($400) Mary reports the AIP of $16,000 on line 13000 and the additional tax on line 41800 of her 2021 income tax and benefit return. ... The additional tax is $3,200 ($16,000 × 20%). Report a problem or mistake on this page Thank you for your help! ...
Current CRA website
Webinar - Disability tax credit (DTC) – Fully digital application form for medical practitioners
Slide 10 – DTC digital application form – Part B – Medical practitioners Melanie: Part A of the DTC application process needs be completed by the applicant. ... Slide 12 – Digital application form – Part B, Step 1 Melanie: Page 1 has questions for the medical practitioner completing the form. ... Slide 13 – Digital application form – Part B, Step 2 Melanie: The next page asks for information about the patient, including the reference number. ...
Current CRA website
Frequently asked questions – Home office expenses for employees
You must still meet the other eligibility criteria – Home office expenses for employees – Who can claim to claim home office expenses. ... You can still claim the $2 a day, if you meet the eligibility criteria – Home office expenses for employees – Temporary flat rate method. ... You can claim the $2 a day, if you meet the eligibility criteria – Home office expenses for employees – Temporary flat rate method. ...
Current CRA website
Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide – Regional code list
Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide – Regional code list On this page… Regional code list – British Columbia Regional code list – Manitoba Regional code list – New Brunswick Regional code list – Northwest Territories Regional code list – Nova Scotia Regional code list – Yukon Units of measurement code list Expense code list Productive capacity list British Columbia District number District name 23 Alberni-Clayoquot 51 Bulkley-Nechako 17 Capital 41 Cariboo 45 Central Coast 3 Central Kootenay 35 Central Okanagan 39 Columbia-Shuswap 26 Comox Valley 19 Cowichan Valley 1 East Kootenay 9 Fraser Valley 53 Fraser-Fort George 15 Greater Vancouver 49 Kitimat-Stikine 5 Kootenay Boundary 43 Mount Waddington (Island part) 21 Nanaimo 37 North Okanagan 59 Northern Rockies 7 Okanagan-Similkameen 55 Peace River 27 Powell River 47 Skeena-Queen Charlotte 31 Squamish-Lillooet 57 Stikine 24 Strathcona 29 Sunshine Coast 33 Thompson-Nicola Manitoba Municipality number Municipality name 600 Alexander 601 Alonsa 102 Argyle 602 Armstrong 105 Bifrost-Riverton 153 Boissevain-Morton 109 Brenda-Waskada 110 Brokenhead 112 Cartier 167 Cartwright-Roblin 114 Clanwilliam-Erickson 115 Coldwell 116 Cornwallis 118 Dauphin 119 De Salaberry 205 Deloraine-Winchester 120 Dufferin 121 East St. ...
Current CRA website
Area A – Calculation of capital cost allowance (CCA) claim
If so, fill in Area B – Equipment additions in the year, Area C – Building additions in the year, Area D – Equipment dispositions in the year, or Area E – Building dispositions in the year, whichever applies, before completing Area A. ... If so, complete Area F – Land additions and dispositions in the year. For an explanation on how to complete Area B and Area C, go to Column 3 – Cost of additions in the year. ...
Current CRA website
Line 12700 – Taxable capital gains
Line 12700 – Taxable capital gains You may have a capital gain or capital loss when you sell or transfer capital property. ... Forms and publications Schedule 3, Capital Gains or Losses Guide T4037, Capital Gains Related topics Lines 21698, 21699 and 21700 – Business investment loss Line 25200 – Non-capital losses of other years Line 25300 – Net capital losses of other years Line 25400 – Capital gains deduction Disposing of or acquiring certain Canadian property Page details Date modified: 2025-06-19 ...
Current CRA website
Excise stamps – Information for consumers
Excise stamps – Information for consumers On this page What is an excise stamp Purpose of an excise stamp Products that require an excise stamp Infographics about excise stamps What is an excise stamp Excise stamps are adhered to the packaging of cannabis, tobacco, and vaping products sold in both online and in-person stores in Canada. You can identify an excise stamp by its small size, exactly 20 × 40 mm, and various visible features. ... This includes, but is not limited to: Cannabis dried material, cannabis edibles, seeds, and oils Tobacco, cigarettes, and cigars Vaping devices that contain a vaping substance (electronic cigarettes or e-cigarettes) Vaping substances that are not contained within a vaping device (pod-mods, vape pens, tank systems) Infographics about excise stamps For more information about the different products that require excise stamps, refer to the following infographics: Cannabis excise stamp – Infographic Tobacco excise stamp – Infographic Vaping excise stamp – Infographic Page details Date modified: 2024-11-20 ...
Current CRA website
SR&ED T661 Claim Form – Revised optional filing measure for Part 9
For more details on completing Part 9 of the Form T661(13), please see Form T661 (13) – Questions and Answers. ... For Part 9 you will need to: check the appropriate box at line 935 attesting to whether a claim preparer was engaged in any aspect of the preparation of the claim; provide the name of each claim preparer – line 940; provide each claim preparer’s business number – line 945; certify that the information provided in this part is complete and accurate – line 970; and sign and date Part 9- line 975. ... You must submit a paper copy of the T661(13), completing only Part 1 – General Information, and Part 9 – Claim preparer information. ...
Current CRA website
Box instructions – T3 slip
Box instructions – T3 slip Box 12 – Recipient identification number If the beneficiary is an individual (other than a trust), enter the individual’s social insurance number. ... For security purposes, do not include the trust account number on the copies you provide to the beneficiary. 1 alpha, 8 numeric: – T3 slip, box 14, example: T 00000000 – trust account number assigned by the CRA – must correspond to the Trust account number on the related T3 Summary – If you have not been assigned such a number, enter T00000000 in the field Box 16 – Report code Enter one of the following codes: Table describing code and type of slip Code Type of slip O Original A Amendment C Cancel Note An amended return cannot contain an original T3 slip. ... Box 30 – Capital gains eligible for deduction Only personal trusts complete box 30. ...
Current CRA website
Line 11300 – Old age security (OAS) pension
Line 11300 – Old age security (OAS) pension If you received the old age security (OAS) pension from Employment and Social Development Canada during 2024, you will receive a T4A(OAS) slip. ... Forms and publications Income Tax Package Guide T4155, Old Age Security Return of Income Guide (OASRI) for Non-Residents Form T1136, Old Age Security Return of Income (OASRI) Form T1136-WS, Old Age Security Return of Income (OASRI) Worksheet Related topics Line 12500 – Registered disability savings plan (RDSP) income Line 14600 – Net federal supplements paid Line 23200 – Other deductions Line 23500 – Social benefits repayment Page details Date modified: 2025-01-21 ...