TAX INFORMATION FOR 2012

Transcription

TAX INFORMATION FOR 2012
Identification
Fiscal period end / Exercice se terminant le 02
01
Partnership's Account Number
Tax shelter identification number
03
M
Numéro de compte de la société de personnes
07 Country code
08 Member code
Code du pays
Code de l'associé
Code du genre de société
de personnes
10
Nombre d'unités détenues de la société de personnes
05
Type of slip
S'agit-il d'une société de
Genre de feuillet
personnes cotée à la bourse?
Partner's share (%) of partnership income (loss)
Numéro d'inscription de l'abri fiscal
Number of partnership units held
09
Is this a publicly traded
partnership?
04
T S
Y-A
06 Partnership code
T5013ASAMPLE
STATEMENT OF PARTNERSHIP INCOME FOR TAX SHELTERS AND RENOUNCED RESOURCE EXPENSES
ÉTAT DES REVENUS D'UNE SOCIÉTÉ DE PERSONNES POUR LES ABRIS FISCAUX ET
LES FRAIS DE RESSOURCES AYANT FAIT L'OBJET D'UNE RENONCIATION
Part (%) de l'associé dans les revenus (pertes) de la société de personnes
11 Recipient's identification number - Numéro d'identification du bénéficiaire
Partner's name and address - Nom et adresse de l'associé
►
12 Complex sharing arrangements - Part des revenus ne pouvant pas être exprimée
Partnership's name and address - Raison sociale et adresse de la société de personnes
Enter this amount on Form T1229.
Enter the resultant qualifying
expenses on Form T2038 Box
6717.
(Individuals only)
Enter this amount on Form
T1229. Enter the resultant
CDE on Line 224 and on
Form T5004
Enter this amount on Form
T1229. Enter the resultant
CEE on Line 224 and on
Form T5004
Renounced Canadian exploration and development expenses - Frais d'exploration et d'aménagement au Canada ayant fait l'objet d'une renonciation
120 Renounced Canadian
exploration expenses
Frais renoncés d'exploration
au Canada
Tax
121 Renounced Canadian
Nombre d'unités acquises
exploration expenses
Frais renoncés d'aménagement
au Canada
Box /
141
BC
Case
Enter this amount on Form BC
Amount / Details
T1231. Enter the resultant tax
Montant / Détails
credit on Form BC 428 and
Form T1229. (British Columbia
residentinformation
individuals only)- Renseignements
shelter
150 Number of units acquired
124 Assistance for Canadian
development expenses
Montant d'aide pour frais
d'exploration au Canada
Box /
SK
143
Case
Amount / Details
Montant / Détails
Coût par unité
development expenses
Montant d'aide pour frais
d'aménagement au Canada
Box /
144
MB
Case
130 Portion subject to an
interest-free period - CEE
128 Expenses qualifying for an
ITC
Partie donnant lieu à une période
sans intérêt - FEC
Box /
145
ON
Case
Amount / Details
Frais admissibles aux fins du CII
Box /
Case
Amount / Details
152 Total cost of units
Coût total des unités
Montant à recours limité
129 Portion subect to an
interest-free period - ITC
Partie donnant lieu à une période
sans intérêt - CII
Box /
Case
Amount / Details
Enter
this amount
Enter this
amout on Form ON Montant / Détails
Montant
/ Détails on Form
Montant
/ Détails
MB T1241. Enter the resultant
T1221 and Line 6266 of Form ON
tax credit on Form MB 428
479. Enter the resultant credit on
and Form T1229. (Manitoba
Form T1229. (Ontario resident
Limited-recourse
amounts
individuals
only) 154 At-risk adjustment
individuals only) 155 Other indirect reductions
153 resident
sur l'abri fiscal
151 Cost per unit
125 Assistance for Canadian
Amount / Details
Montant / Détails
Box /
Case
Amount / Details
Montant / Détails
Autres réductions indirectes
Montant de rajustement à risque
Do not record this amount on your tax
Loi dereturn.
l'impôt sur le revenu alinéa 237.1(5)(c) - « Le numéro d'inscription attribué à cet abri fiscal
dans toute
For doit
CRAfigurer
information
only déclaration d'impôt sur le revenu produite par l'investisseur. L'attribution de
Income Tax Act paragraph 237.1(5)(c)-"The identification number issued for this tax shelter shall
be included in any income tax return filed by the investor. Issuance of the identification number
is for administrative purposes only and does not in any way confirm the entitlement of an
investor to claim any tax benefits associated with the tax shelter."
ce numéro n'est qu'une formalité administrative et ne confirme aucunement le droit de
l'investisseur aux avantages fiscaux découlant de cet abri fiscal. »
Limited partnership net income (loss) - Revenue net (perte nette) du commanditaire
20 Limited partnership farming
20-1 Agricultural income
21 Limited partnership fishing
Revenu (perte) d'agriculture du
commanditaire
24 Limited partnership loss
available for carryforward
Stabilisation du revenu agricole
(PCSRA)
25 Previous loss carryforward
eligible in the current year
Revenu (perte) de pêche du
Revenu (perte) d'entreprise du
Enter this amount
on
commanditaire
commanditaire
Box
Line 122 and /
27 Return of capital
Case
Form T5004
Perte comme commanditaire
disponible à reporter
Perte d'années antérieures
admissables pour l'année courante
income (loss)
stabilization (CAIS)
income (loss)
22 Limited partnership business
income (loss)
22-2 Limited partner's adjusted
23 Limited partnership rental
Fraction à risques de la
participation du commanditaire
Box /
Case
Fraction à risques rajustée de la
participation du commanditaire
Box /
Case
Revenu (perte) de location du
commanditaire
Box /
Case
Amount / Details
Montant / Détails
Amount / Details
Montant / Détails
Amount / Details
Montant / Détails
22-1 Limited partner's at-risk
amount
Amount / Details
Montant / Détails
Remboursement de capital
at-risk amount
income (loss)
Canadian and foreign net business income (loss) - Revenu net (perte nette) d'entreprise canadien et étranger
35 Business income (loss)
37 Professional income (loss)
Revenu (perte) d'entreprise
Revenu (perte) de profession
libérale
41 Farming income (loss)
Revenu (perte) d'agriculture
43 Fishing income (loss)
Revenu (perte) de pêche
30 Other income
34 Partnership's total gross income
Autre revenu
Revenu brut total de la société de personnes
Canadian and foreign investments and carrying charges - Investissements canadiens et étrangers et frais financiers
26 Canadian and foreign net
51 Actual amount of dividends
(other than eligible dividends)
rental income (loss)
Enter this amount
on Schedule 4 Line
121
Revenu net (perte nette)
de
Montant réel des dividendes
location canadien et étranger
50 Interest from Canadian
sources
Intérêts de source canadienne
51-1
Taxable amount of dividends
(other than eligible dividends)
51-2
Dividend tax credit for dividends
other than eligible dividends
(autres que des dividendes déterminés)
Montant imposable des dividendes
(autres que des dividendes déterminés)
Crédit d'impôt pour dividendes
autres que des dividendes déterminés
55 Foreign dividend and interest
56 Business investment loss
59 Carrying charges
Revenu étranger en dividendes
et en intérêts
Perte au titre d'un placement
d'entreprise
income
71 Capital gains reserves
Box /
Case
85 Capital cost allowance
Gains (pertes) en capital
Provision relative aux gains en
capital
Déduction pour amortissement
Box /
Case
Box /
Case
Box /
Case
Enter this amount on
Schedule 3 Line 174
Amount / Details
Montant / Détails
Amount / Details
Montant / Détails
Montant réel des dividendes
déterminés
Box /
Case
Schedule 4 Line 221
and Form T5004Box /
Amount / Details
Montant / Détails
Montant imposable des
dividendes déterminés
Box /
Case
dividends
Crédit d'impôt pour dividendes
déterminés
Box /
Case
Amount / Details
Schedule
1 Line 425
Montant / Détails
Montant / Détails
Box /
Case
Amount / Details
Montant / Détails
Box /
Case
Amount / Details
Montant / Détails
52-2 Dividend tax credit for eligible
Schedule
4 Line 120
Amount / Details
Amount / Details
Montant / Détails
Box /
Case
Amount / Details
Montant / Détails
XXXX
dividends
Box /
Case
Case
Privacy Act personal information bank number CRA/P-PU-005 - Loi sur la protection des renseignements personnels, Fichier de renseignements personnels numéro CRA/P-PU-005
T5013A (11)
52-1 Taxable amount of eligible
Amount / Details
Montant / Détails
Box /
Case
Amount / Details
Montant / Détails
dividends
Frais financiers
Other amounts and information - Montants et renseignements additionnels
70 Capital gains (losses)
52 Actual amount of eligible
Amount / Details
Montant / Détails
Box /
Case
Amount / Details
Montant / Détails
Amount / Details
Montant / Détails
For information in English, see attachment.
Pour des renseignements en français, lisez les instructions en annexe.
TAX GUIDE FOR PREPARING YOUR 2012 INCOME TAX RETURN
MRF 2012 RESOURCE LIMITED PARTNERSHIP
DISCOVERY 2011 FLOW-THROUGH LIMITED PARTNERSHIP
DISCOVERY 2012 FLOW-THROUGH LIMITED PARTNERSHIP
March 2013
Dear Investor:
The purpose of this guide is to provide you with information to assist you in filing your income tax return for 2012. The tax
slips necessary to file your return will be mailed separately by your investment advisor.
Enclosed in this guide please find the following tax information for 2012:
(i)
(ii)
Sample T5013A located opposite this page, including instructions.
Federal tax forms you will require to file your income tax return (T1229, T2038, T5004).
We have enclosed only the Federal tax forms you will require to file your income tax return. Any Provincial tax forms that
you may require can be obtained directly from your local tax office. Federal tax forms can also be obtained by visiting the
Canada Revenue Agency website at www.cra-arc.gc.ca.
MRF 2012 Resource LP (“MRF 2012”), Discovery 2012 Flow-Through LP (“Discovery 2012”)
MRF 2012 raised $60.0 million in early 2012 and the proceeds were fully invested by the 2012 year end in a portfolio of 36
companies balanced between the oil and gas and mining sectors. Discovery 2012 raised $50.0 million in the fall of 2012 and
investments were made in a portfolio of 24 companies balanced between the oil and gas and mining sectors.
Discovery 2011 Flow-Through Resource LP (“Discovery 2011”)
Discovery 2011 was launched in the fall of 2011 and the proceeds were fully invested by the 2011 year end. Please refer to
our website at www.middlefield.com for updated information.
For the 2013 taxation year, investors may wish to consider investing in our new partnership, MRF 2013 Resource
Limited Partnership, which is currently available. Please contact your Investment Advisor for more information on
this new offering.
The information contained in this guide is strictly for information purposes and should not be regarded as tax advice. We
suggest you consult with your tax advisor to determine the optimal use of your share of the federal/provincial
deductions/credits, as well as the impact, if any, on your liability for alternative minimum tax. If you have any difficulties
completing your income tax return or claiming any deductions/credits which appear on your T5013A/Relevé 15, you should
consult your tax advisor. Additionally, if you are a corporation or trust and require assistance, please consult with your tax
advisor as this guide is for individual taxpayers only.
We hope the enclosed information will be useful to you in completing your 2012 income tax return.
Please visit our website at www.middlefield.com for more information on all our Partnerships, including month-end net asset
values.
Yours truly,
Nancy Tham
Managing Director, Sales and Marketing
416-847-5349
TABLE OF CONTENTS
Page
Filing Instructions for Form T5013A
A. Business Income (Loss), Capital Gains (Losses), Eligible Dividends, Interest Income and
Carrying Charges from a Partnership
B. Claiming Canadian Exploration Expenses (CEE) , Canadian Development Expenses (CDE)
C. Claiming the Federal Investment Tax Credit
D. Claiming a Deduction for Issue Costs (for dissolved partnerships only)
3
4
5
6
For Ontario Residents Only
E. Claiming the Ontario Focused Flow-Through Share Tax Credit
6
For British Columbia Filers Only
F. Claiming the British Columbia Mining Flow-Through Share Tax Credit
7
For Manitoba Filers Only
G. Claiming the Manitoba Mineral Exploration Tax Credit
7
Filing Instructions for Saskatchewan Filers Only
H. Claiming the Saskatchewan Mineral Exploration Tax Credit
8
Filing Instructions for Form Relevé 15
For Québec Filers Only
I. Business Income (Loss), Capital Gains (Losses), Eligible Dividends, Interest Income and
J. Claiming Canadian Exploration Expenses
K. Claiming Québec Exploration Expenses
L. Claiming a Deduction for Issue Costs (for dissolved partnerships only)
8
10
11
12
Preparation Instructions for Tax Shelter Forms
M. Form T5004 – For All Investors
N. Form TP-1079.6-V – For Québec Filers Only
12
13
Filing of Tax Forms
O. For All Investors
P. For Québec Filers Only
Exhibit A: Relevé 15 Memo Supplementary
13
13
14
2
FILING INSTRUCTIONS FOR FORM T5013A
A.
Business Income (Loss), Capital Gains (Losses), Eligible Dividends, Interest Income and
Box 22
Limited partnership business income (loss)
This amount represents your share of partnership income (loss) for 2012.
This amount should be reported on line 122, page 2 of your 2012 income tax return.
Box 70
Capital gains (losses)
This amount represents your share of partnership capital gains (losses) for 2012.
This amount should be reported on line 174, “Information slips – Capital gains (or losses)
from all your T5, T5013, T5013A and T4PS slips” of Schedule 3. The taxable capital
gains on line 199 of Schedule 3 should be reported on line 127, page 2 of your 2012
income tax return.
Box 52
Actual amount of eligible dividends
This amount represents your share of partnership actual eligible dividends for 2012.
This amount is for reference only and is not reported in your 2012 income tax return.
Box 52-1
Taxable amount of eligible dividends
This amount should be reported in Part I, “Taxable amount of dividends (eligible and
other than eligible) from taxable Canadian corporations” in the eligible dividends section
of Schedule 4. The total amount in Part I should be reported on line 120, page 2 of your
2012 income tax return.
Box 52-2
Dividend tax credit for eligible dividends
This amount should be reported on line 425 of Schedule 1. The total amount on line 58
of Schedule 1 should be reported on line 420, page 4 of your 2012 income tax return.
Box 50
Interest from Canadian sources
This amount represents your share of partnership interest income for 2012.
This amount should be reported in Part II, “Interest and other investment income” of
Schedule 4. The total amount in Part II should be reported on line 121, page 2 of your
3
MIDDLEFIELD RESOURCE FUNDS TAX GUIDE FOR 2012 TAX YEAR
FILING INSTRUCTIONS FOR FORM T5013A (CONTINUED)
Box 59
Carrying charges
This amount represents your share of partnership carrying charges related to borrowings
of the partnership.
This amount should be reported in Part III, “Carrying charges and interest expenses” of
Schedule 4. The total amount in Part III should be reported on line 221, page 3 of your
The amount of any deductible interest expense you incurred in the year on a borrowing to
finance your limited partnership units should be reported in the same manner as the
carrying charges described in Box 59 of Form T5013A.
FILING INSTRUCTIONS FOR FORM T5013 (CONTINUED)
Box 24
Limited partnership loss available for carryforward
This amount represents your share of the current year limited partnership loss that cannot
be deducted.
Note: You can only deduct this amount from future partnership income allocations if you
have a positive at-risk amount. You can carry forward this amount indefinitely.
Box 22-1
Limited partner’s at-risk amount
This amount represents a partner’s original cost of partnership interest plus or minus
certain adjustments. A limited partner cannot deduct partnership losses, resource
expenses and investment tax credits in excess of the at-risk amount.
Box 34
Partnership’s total gross income
This amount represents the total 2012 gross income of the partnership.
Box 152
Total cost of units
This amount represents a partner’s original cost of partnership interest.
B.
Claiming Canadian Exploration Expenses (CEE), Canadian Development Expenses (CDE)
Box 120 and 121
Renounced Canadian exploration and development expenses
This amount represents your share of Canadian exploration and development expenses
for 2012.
This amount should be reported in Form T1229 – Statement of Exploration and
Development Expenses and Depletion Allowance for calculating the maximum CEE and
CDE deduction available in 2012 to reduce your federal taxable income for the year, or
for a future year.
4
Box 120 and 121
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
(ix)
C.
Renounced Canadian exploration and development expenses
Report any carry forward balance of Cumulative CEE (CCEE) and Cumulative
CDE (CCDE) from the prior year to Area II box (1) of your 2012 Form T1229.
A carry forward would arise if you had any undeducted CEE or CDE from
previous years.
Report the amount from box 120 and box 121 of the T5013A slip to Area I and
Area II of Form T1229.
Report previous year’s claim for the federal investment tax credit and current
year’s claim for the provincial flow-through share tax credit to Area II of Form
T1229.
Calculate box A by adding box (1) to box (2) and subtracting box (3).
If the amount in box A of Form T1229 is negative, report this amount as other
income on line 130, page 2 of your 2012 income tax return.
For CEE, calculate box (4) by multiplying box A by 100%. For CDE, calculate
box (4) by multiplying box A by 30%.
Report your desired CEE and CDE claim for the current year in box B, Area II of
Form T1229.
Note: You may claim any amount of CEE and CDE deduction up to a maximum
of box (4).
Calculate box [A-B] by subtracting box B from box A. Box [A-B] will be the
amount carried forward to the 2013 taxation year.
Note: Any unused balance of the CEE and CDE pool at the end of the year can
be carried forward indefinitely.
Report Area II, box B to Area III. The total amount in Area III should be
reported on line 224, page 3 of your 2012 income tax return.
Claiming the Federal Investment Tax Credit
Box 128
Expenses qualifying for an Investment Tax Credit (ITC)
This amount represents the renounced Canadian exploration expenses that qualify for the
Investment Tax Credit in 2012.
This amount should be reported on Form T1229 – Statement of Resource Expenses and
Depletion Allowance and T2038 – Investment Tax Credit (Individuals) for calculating
the investment tax credit available in 2012 to reduce your federal tax payable for the year,
for a previous year, or for a future year.
(i)
Report the amount in box 128 on the T5013A slip to Area I & IV of Form T1229.
(ii)
Report the provincial flow-through share tax credit available in the year to Area
IV of Form T1229.
(iii)
Calculate the eligible expenditure qualifying for an investment tax credit in Area
IV of Form T1229 and enter the amount on line 6717, Part A of Form T2038.
(iv)
Calculate line B in Part A Code 5 of Form T2038 by multiplying line 6717 by
15% and enter the amount in column 3 on page 6 of Form T2038.
(v)
Report any carry forward balance of federal investment tax credits from the prior
year in column 1, page 6 of your Form T2038.
(vi)
Calculate column 5 on page 6 of your Form T2038 by adding column 1, 2 and 3
and subtracting column 4.
(vii)
Report the amount from column 5 on line C of Form T2038.
5
Box 128
D.
Expenses qualifying for an Investment Tax Credit (ITC) (continued)
(viii) Calculate line D by subtracting any Federal political contribution tax credits and
labour-sponsored funds tax credits from Federal Tax.
(ix)
Report the lesser of line C or line D in column 6 on page 6 of Form T2038. The
amount in column 6 should be reported on line 412 of Schedule 1 – Federal tax.
If you are subject to alternative minimum tax, enter zero in column 6 and proceed
to “Calculating an allowable claim if alternative minimum tax (AMT) applies”.
(x)
Calculate column 9 by subtracting column 6, 7, 8 from column 5. The amount
will be carried forward to your 2013 tax return.
Note: Any unused credit at the end of the year, which was earned in 2012, can be
carried back three years. Any unused credit earned after 1997 can be carried
forward for up to 20 years.
(xi)
Report line 58 of Schedule 1 on line 420, page 4 of your 2012 income tax return.
Claiming a Deduction for Issue Costs (for dissolved partnerships only)
After the dissolution of the partnership, you are entitled to deduct your pro-rata share of the undeducted
issue costs of the partnership on the same basis as such expenses would have been deducted by the
partnership were it not dissolved. The enclosed “Issue Cost Amortization Schedule” summarizes the
remaining deductions available to you. In each year, you should multiply the deduction per unit indicated
for the respective year by the number of units you held in the partnership and enter the result on line 232
(or its equivalent), “Other deductions” of the 2012 income tax return. A copy of this schedule should be
included with the income tax return for each year that this deduction is claimed.
FOR ONTARIO RESIDENTS ONLY
E.
Claiming the Ontario Focused Flow-Through Share Tax Credit – Ontario Residents Only
Box 145
Expenses qualifying for Ontario tax credit
Ontario Focused Flow-Through Share Tax Credit for 2012.
This amount should be reported on Form T1221 – Ontario Focused Flow-Through Share
Resource Expenses for 2012 and Subsequent Years (Individuals) for calculating the total
qualifying resource expenses available in 2012.
(i)
Report the amount from box 145 on the T5013A slip to line 1, 2 or 3 of Form
T1221.
(ii)
Report the amount from line 4 of T1221 to line 6266 in the “Ontario focused
flow-through share tax credit” section of Form ON479 – Ontario Credits.
(iii)
Calculate line 7 on Form ON479 by multiplying line 6266 by 5%.
(iv)
Report the amount from line 11 of ON479 on line 479 of page 4 of your 2012
income tax return.
6
FOR BRITISH COLUMBIA FILERS ONLY
F.
Claiming the British Columbia Mining Flow-Through Share Tax Credit – BC Filers Only
Box 141
Expenses qualifying for British Columbia tax credit
BC Mining Flow-Through Share Tax Credit for 2012.
This amount should be reported on Form T1231 – British Columbia Mining FlowThrough Share Tax Credit for calculating the BC investment tax credit available in 2012.
(i)
Report the amount from box 141 on the T5013A slip on line 1, Part 1 of Form
T1231.
(ii)
Calculate line 3 of Form T1231 by multiplying line 1 by 20%.
(iii)
Complete Part 2, BC MFTS tax credit claim for 2012 and report your BC MFTS
tax credit claim on line 9 of Form T1231.
(iv)
Complete Part 3, “Carryback and amounts available to carry forward to future
years” if you have any unused credit at the end of the year.
(v)
Report the amount from line 9 of Form T1231 on line 72 of Form BC428 –
British Columbia Tax or on line 51 in Part 4, Section BC428MJ of Form T2203 –
Provincial Tax (Multiple Jurisdictions), whichever applies.
(vi)
Report the amount from line 73 of Form BC428 on line 428, page 4 of your 2012
income tax return.
FOR MANITOBA FILERS ONLY
G.
Claiming the Manitoba Mineral Exploration Tax Credit – Manitoba Filers Only
Box 144
Expenses qualifying for Manitoba tax credit
Manitoba mineral exploration tax credit for 2012.
This amount should be reported on Form T1241 – Manitoba mineral exploration tax
credit for calculating the Manitoba mining exploration tax credit available in 2012.
(i)
Report the amount from box 144 of the T5013A slip on line 2, Part 1 of Form
T1241.
(ii)
Calculate line 4 of Form T1241 by multiplying line 2 by 30%.
(iii)
Complete Part I, Manitoba mineral exploration tax credit claim for 2012 and
report your Manitoba mineral exploration tax credit claim for the current year on
line 8 of Form T1241.
(iv)
Complete Part 2, “Carryback and amount available to carry forward to future
years” if you have any unused credit at the end of the year.
(v)
Report the amount from line 8 of Form T1241 on line 64 of Form MB428 –
Manitoba Tax or on line 41 in Part 4, Section MB428MJ of Form T2203 –
(vi)
Report the amount from line 67 of Form MB428 on line 428, page 4 of your
7
FILING INSTRUCTIONS FOR SASKATCHEWAN FILERS ONLY
H.
Claiming the Saskatchewan Mineral Exploration Tax Credit – Saskatchewan Filers Only
Expenses qualifying for Saskatchewan tax credit
You may receive Form SK-METC – Saskatchewan Mineral Exploration Tax Credit,
which indicates the amount of Saskatchewan mineral exploration tax credit available for
2012.
(i)
If Form SK-METC is received, report the amount of tax credit from that form on
line 73 of Form SK428 – Saskatchewan Income Tax and Credits.
(ii)
Report the amount from line 78 of Form SK428 on line 428, page 4 of your 2012
income tax return or on line 49 in Part 4, Section SK428MJ of Form T2203 –
FILING INSTRUCTIONS FOR FORM RELEVÉ 15
FOR QUÉBEC FILERS ONLY
I.
Box 1
Business Income (Loss), Capital Gains (Losses), Eligible Dividends, Interest Income and
Net Canadian and foreign business income (loss)
This amount represents your share of partnership income (loss) for 2012.
This amount should be reported on line 29 of Schedule L “Net Business Income”. The
total net business income on line 34 of Schedule L should be carried to line 164, page 2
of your 2012 Québec Income Tax Return.
A negative amount included on line 29 of Schedule L should be reported on line 10 of
Schedule N “Adjustment of Investment Expenses”. A positive amount included on line
29 of Schedule L should be reported on line 24 of Schedule N. The adjustment of
investment expenses on line 40 of Schedule N should be carried to line 260, page 2 of
your 2012 Québec Income Tax Return.
Box 6a
Actual amount of eligible dividends
The amount in Box 6a represents your share of the partnership’s actual eligible dividends
received from Canadian corporations for 2012. This amount should be reported on line
166, page 2 of your 2012 Québec Income Tax Return.
The taxable dividend is calculated by multiplying the amount in box 6a by 1.38. The
amount of taxable dividend should appear in an additional box 6a-1 in the bottom of the
Relevé 15 slip. The amount of taxable dividend should be reported on line 128, page 2 of
your 2012 Québec Income Tax Return. The amount included on line 128 should be
reported on line 20 of Schedule N.
See Box 44 for instructions regarding the dividend tax credit.
8
FILING INSTRUCTIONS FOR FORM RELEVÉ 15 (CONTINUED)
Box 7
Interest and other investment income from Canadian sources
This amount represents your share of partnership interest income for 2012.
This amount should be reported on line 130, page 2 of your 2012 Québec Income Tax
Return. The amount included on line 130 should be reported on line 22 of Schedule N.
Box 12
Capital gains (or capital losses)
This amount represents your share of partnership capital gains (losses) for 2012 from
resource property.
This amount should be reported on line 47 of Schedule G "Capital Gains and Losses".
The total taxable capital gain from line 98 of Schedule G should be reported on line 139,
page 2 of your 2012 Québec Income Tax Return. If none of the property you disposed of
entitles you to the capital gains deduction (see line 292, page 3 your 2012 Québec Income
Tax Return and Section 260 of the Revenu Québec Guide to your 2012 return), enter the
amount indicated on line 139 of your return on line 34 of Schedule N.
Note: You are advised to consult with your tax advisor to determine your eligibility for
exemption on gains realized from the disposition of resource property.
Box 14
Gross income (or gross loss) of the partnership
This amount represents the total 2012 gross income of the partnership.
You are not required to report this amount on your 2012 Québec Income Tax Return.
Box 15A
Carrying charges and interest expenses
This amount represents your share of partnership carrying charges related to borrowings
of the partnership.
Return and on line 12 of Schedule N.
The amount of any deductible interest expense you incurred in the year on a borrowing to
finance your limited partnership units should be treated as outlined above for Box 15A
amounts.
Box 26
At-risk amount
This amount represents a partner’s original cost of partnership interest plus or minus
certain adjustments. A limited partner cannot deduct partnership losses and resource
expenses in excess of the “at-risk” amount. This amount is for reference only and is not
reported in your 2012 Québec Income Tax Return.
9
Box 27
Limited partnership loss
This amount represents your share of the current year limited partnership loss that cannot
be deducted.
Note: You can only deduct this amount from future partnership income allocations if you
have a positive at-risk amount. When deducted, this amount will also be taken into
account in computing your adjustment of investment expenses for the year. You can
carry forward this amount indefinitely.
Box 44
Dividend tax credit
This amount represents your share of the dividend tax credit.
Return.
Box 45
Eligible taxable capital gains amount on resource property
Use this amount to complete form TP-726.20.2-V, “Capital Gains Deduction on Resource
Property”. Enter the amount in Box 45 on Line 27 of Form TP-726.20.2-V.
Box 52
Total cost of units
This amount represents a partner’s original cost of partnership interest.
This amount is for reference only and is not reported in your 2012 Québec Income Tax
Return.
J.
Box 60
Claiming Canadian Exploration Expenses
Canadian exploration expenses
This amount represents your share of Canadian exploration expenses (CEE) for 2012.
This amount should be added to the Cumulative Canadian Exploration Expenses (CCEE)
pool to determine the maximum available resource deduction. This deduction is claimed
at line 241, page 2 of your 2012 Québec Income Tax Return. We have enclosed a blank
Relevé 15 memo supplementary (see Exhibit A) to assist you with the calculations.
(i)
(ii)
(iii)
(iv)
Report any carryforward balance of CCEE from the prior year in column A on
the Relevé 15 memo supplementary schedule.
Report the amount from box 60 of the RL15 slip in column B of the Relevé 15
memo supplementary schedule.
Report the aggregate amount from box 62 and the corresponding amount in box
66, item 62, of the RL15 slip, in column F of the Relevé 15 memo supplementary
schedule.
Calculate column H by adding column A to column B and subtracting column C,
D, E, F and G.
10
Box 60
K.
Box 62
Canadian exploration expenses (continued)
(v)
Report your desired CEE claim for the current year in column I.
Note: You may claim any amount of CEE deduction up to a maximum of 100%
of box H.
(vi)
Calculate column J by subtracting column I from column H. Column J will be
carried forward to your 2013 Québec Income Tax Return.
(vii)
Report the amount in column I of Relevé 15 memo supplementary schedule to
line 241, page 2 of your 2012 Québec Income Tax Return.
(viii) Report an amount equal to 50% of the deduction claimed at line 241 (Resource
deductions) on line 14 of Schedule N.
Claiming Québec Exploration Expenses
Québec exploration expenses
This amount represents your share of Québec exploration expenses for 2012.
Return. Also, enter code “09” “Deduction for exploration expenses incurred in Québec”
on line 249, page 2 of your 2012 Québec Income Tax Return.
Box 62 and 63 Québec exploration expenses, Québec surface mining and oil and gas exploration
expenses
This amount represents your share of Québec exploration expenses, surface mining and
oil and gas exploration expenses.
(i)
For each of boxes 62 and 63 of the RL15 slip there may be a corresponding item
in box 66 below it. From each of the amounts in boxes 62 and 63 subtract the
corresponding amount, if any, in item 62 or 63 of box 66. Report 25% of the
eligible amount relating to box 62 and 25% of the eligible amount relating to
box 63 of the RL15 slip on line 287, page 3 of your 2012 Québec Income Tax
Return.
(ii)
Enter the corresponding number “04”, “Additional Deduction for Quebec
Resources” in box 286. If you are entitled to more than one type of deduction on
line 287, enter the number “80” in box 286.
Box 64
Exploration expenses incurred in northern Québec
This amount represents your share of exploration expenses incurred in northern Québec.
Only corporations are entitled to an additional deduction with respect to exploration
expenses incurred in northern Québec.
11
L.
Claiming a Deduction for Issue Costs (for dissolved partnerships only)
After the dissolution of the partnership, you are entitled to deduct your pro-rata share of the undeducted
issue costs of the partnership on the same basis as such expenses would have been deducted by the
partnership were it not dissolved. The enclosed “Issue Cost Amortization Schedule” summarizes the
remaining deductions available to you. In each year, you should multiply the deduction per unit indicated
for the respective year by the number of units you held in the partnership and enter the result on line 250
(or its equivalent), “Other deductions” of the 2012 Québec Income Tax Return. Enter the corresponding
number “17”, “Other Deductions” in box 249. A copy of this schedule should be included with the
income tax return for each year that this deduction is claimed.
PREPARATION INSTRUCTIONS FOR TAX SHELTER FORMS
M.
Form T5004 – For All Investors
A statement of Tax Shelter Loss or Deduction (T5004) must be completed in order to claim deductions
related to your Middlefield Resource Fund.
(i)
(ii)
(iii)
(iv)
Form T5004 requires the Tax Shelter Identification Number, which is located in Box 3 of
Form T5013A.
The tax shelter name is whichever specific Middlefield Resource Fund you have invested in.
Purchase date is the date of purchase of your Middlefield investment(s).
In the column marked “loss or deduction claimed”, enter the following amounts and indicate
the corresponding line from your 2012 income tax return (enter each amount on a separate
line):
Amount of loss or deduction claimed
1) Net Partnership Income (Loss)
2) Carrying Charges
3) Exploration and Development Expenses
Line from 2012 income tax return
Line 122
Line 221
Line 224
Note that if you own more than one flow-through limited partnership or tax-sheltered investment, these
amounts must be calculated individually and reported on Form T5004 for each partnership or investment.
The amounts on the 2012 income tax return may be aggregated.
12
PREPARATION INSTRUCTIONS FOR TAX SHELTER FORMS
PREPARATION INSTRUCTIONS FOR TAX SHELTER FORMS (CONTINUED)
N.
Form TP-1079.6-V – For Québec Filers Only
A statement of Losses, Deductions and Tax Credits Respecting a Tax Shelter (TP-1079.6-V) must be
completed in order to claim deductions related to your Middlefield Resource Fund.
(i)
(ii)
(iii)
(iv)
Form TP-1079.6-V requires the Tax Shelter Identification Number, which is located in the
top right box of Form RL15.
The tax shelter name is whichever specific Middlefield Resource Fund you have invested in.
Purchase date is the date of purchase of your Middlefield investment(s).
In the column marked “loss, deduction or tax credit”, enter the following amounts and
indicate the line from your 2012 Québec Income Tax Return (enter each amount on a separate
line):
Amount of loss or deduction claimed
1) Business Income (Loss)
2) Carrying Charges
3) Deduction for Exploration and Development Expenses
Line from 2012 Québec Income Tax
Return
Line 164
Line 231
Line 241
Note that if you own more than one flow-through limited partnership or tax-sheltered investment, these
amounts must be calculated individually and reported on Form TP-1079.6-V for each partnership or
investment. The amounts on the 2012 Québec Income Tax Return may be aggregated.
FILING OF TAX FORMS
O.
For All Investors
File your completed 2012 income tax return along with the following:
(i)
(ii)
(iii)
(iv)
Schedules 1, 3 and 4.
Copy 2 of Form T5013A. Copy 3 should be retained in your files.
Form T1229, Form T2038 and Form T5004.
Any provincial tax forms that were completed.
File the Issue Cost Amortization Schedule for Future Years (blue form) (for dissolved partnerships only)
with your completed income tax returns for the relevant years.
Please retain a copy of all tax forms, including copy 3 of Form T5013A, for your files.
P.
For Québec Filers Only
File your completed 2012 Québec Income Tax Return along with the following:
(i)
Schedules G, L and N.
(ii)
Copy 2 of Form RL15. Copy 3 should be retained in your files.
(iii)
Form TP-1079.6-V.
Please retain a copy of all tax forms, including Copy 3 of Form RL15, for your files.
13
EXHIBIT A: RELEVÉ 15 MEMO SUPPLEMENTARY – SUMMARY OF
CANADIAN EXPLORATION EXPENSES
NAME: ____________________________________________________
SIN:
____________________________________________________
Balance
Beginning
of Year (1)
Col. A
Additions
Recovery
Proceeds
Col. B
Col. C
Proceeds
of
Disposition
Col D.
Deductions
Government
Assistance
Col E.
Québec
Exploration
Expenses
Col F.
Other
Col G.
Balance
Before
Claim
Col H.
Claim
Col I.
Balance
End of
Year (2)
Col J.
Cumulative
CEE
TOTAL
Notes:
(1) See prior year tax return for carryforward balances.
(2) Carryforward to next year’s tax return.
14
Investment Tax Credit (Individuals)
Use this form if:
you earned an investment tax credit (ITC) during the current tax year or you are claiming a carryforward of ITC from a previous tax year. File one completed
copy of Part A of this form with your income tax return for the year in which you: acquired a qualified or certified property; made a qualified expenditure for
scientific research and experimental development (SR&ED) (which includes contributions made to agricultural organizations); were allocated renounced
Canadian exploration expenses; have paid eligible salary and wages to eligible apprentices; or have created child care spaces in a licensed child care facility
for the benefit of your employees' children, or a combination of your employees' children and other children;
you have a recapture of ITC on a SR&ED expenditure and/or a recapture of ITC on a child care spaces expenditure. File one completed copy of Part A of this
form with your income tax return for the year in which you recapture an ITC on an SR&ED expenditure and/or for the year in which you recapture an ITC on a
child care expenses expenditure; or
you are requesting an ITC carryback or you are claiming a refund for an ITC earned during the current tax year. File one completed copy of Part B of this form
with your income tax return.
You have to file this form no later than 12 months after the filing due date of your income tax return for the tax year in which you acquired the property or made
the expenditure.
Qualified property
Qualified properties include certain new buildings, machinery, and equipment. You must acquire the property and use it for a designated purpose such as logging,
storing grain, producing industrial minerals, manufacturing or processing goods for sale or lease, farming, or fishing. It must be used in the specific areas we list
on page 3.
Certified property
A certified property is a type of qualified property acquired mainly for use in a prescribed area. You will find a list of prescribed areas in Information
Circular IC78-4R3, Investment Tax Credit Rates, and its Special Release. For more information on certified property, see Note 1 on page 3.
Qualified expenditure
To be a qualified expenditure, the amount has to be for SR&ED carried on in Canada. For SR&ED expenditures made after February 22, 2005, in Canada
includes the "exclusive economic zone" (as defined in the Oceans Act to generally consist of an area that is within 200 nautical miles from the Canadian
coastline), including the airspace, seabed, and subsoil of that zone. For SR&ED expenditures made prior to February 23, 2005, in Canada generally includes the
12-nautical-mile territorial sea. If you are claiming an ITC for a qualified expenditure on SR&ED, or you have a recaptured amount for an ITC previously claimed
on an expenditure for SR&ED (codes 3B and 4B), file Form T661, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, with your
income tax return. You do not have to file Form T661 if you are claiming a credit for contributions made to agricultural organizations, or a credit based on a credit
allocated to you by a partnership on a T5013 slip, Statement of Partnership Income. If you are a partner of a partnership, you should only include your part of the
partnership's investment or qualified expenditure.
For more details on SR&ED, see the following publications:
Guide T4088, Scientific Research and Experimental Development (SR&ED) Expenditures Claim - Guide to Form T661
Information Circular IC86-4R3, Scientific Research and Experimental Development
For more information for the purposes of the Atlantic Investment Tax Credit go to:
www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/412/tlntc-eng.html
Renounced Canadian exploration expenses
Certain renounced Canadian exploration expenses qualify for the ITC. You can claim this credit if you received Form T101, Statement of Resource Expenses, or
a T5013A slip, Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses, with an amount in box 128.
Note: This amount must be reduced by any allowable provincial tax credits.
Apprenticeship job creation tax credit (AJCTC)
A percentage of eligible salary and wages payable to an employee registered in a prescribed trade in Canada in the first 24 months of their eligible apprenticeship
contracts registered in Canada, qualifies for a credit for the employer. The available credit for each eligible apprentice is 10% of the lesser of $20,000 or eligible
salary and wages payable in the year (net of any government or non-government assistance), in respect of employment after May 1, 2006. The total of these
amounts for all apprentices is the available non-refundable tax credit. Any unused credit may be carried back 3 years and carried forward 20 years.
Investment tax credit for child care spaces
Employers that create child care spaces in a licensed child care facility for the benefit of children of the taxpayer's employees, or of a combination of children of
the taxpayer's employees and other children, will qualify for a non-refundable ITC equal to 25% of eligible child care space expenditures incurred after
March 18, 2007, to a maximum ITC amount of $10,000 per child care space created. The amount of the credit can be used to reduce the federal income tax
payable for the year. Unused amounts can be carried back 3 years and forward 20 years.
T2038(IND) E (10/2012)
(Vous pouvez obtenir ce formulaire en français à www.arc.gc.ca ou en composant le 1-800-959-3376.)
How to calculate your ITC
The ITC is based on a percentage of the investment cost (the cost of the property you bought or the expenditures you made). If you received, are entitled to
receive, or can reasonably expect to receive any reimbursement, inducement, or government or non-government assistance (including grants, subsidies,
forgivable loans, or deductions from tax and investment allowances) that we can reasonably consider to relate to the property or expenditure, you have to
decrease your investment cost by the amount you received, are entitled to receive, or can reasonably expect to receive. If you repay any of this assistance, add
the repayment to the investment cost. Calculate the ITC for any repayment using the same percentage you used for the original investment cost.
Determine your ITC at the end of 2012. If the fiscal year-end of your business is in 2012, include any ITC you earn on the property you buy during the calendar
year. Investments and expenditures are eligible for an ITC only when the income from the related business is subject to Part I tax.
Properties acquired and SR&ED capital expenditures incurred to acquire property are eligible for an ITC claim only when the properties are considered to be
available for use. For an explanation of available for use, see any of the following guides: Guide T4002, Business and Professional Income,
Guide T4003, Farming Income, Guide RC4060, Farming Income and the AgriStability and AgriInvest Programs, Guide RC4408, Farming Income and the
AgriStability and AgriInvest Programs Harmonized Guide or Guide T4004, Fishing Income.
How to claim your 2012 ITC
You can use the ITC that you earn in 2012 to reduce your federal tax for a previous year, or to reduce your federal tax for 2012 or for a future year. See "Refund
of ITC" on this page.
Current-year claim
To calculate your ITC to reduce your federal income tax for 2012 complete Part A of this form. Enter the amount of your credit on line 412 of
Schedule 1 of your income tax return. If a partnership or trust made the investments, enter only your share.
Carryback to previous years
You can carry back the ITC you earn in 2012 for up to three years and use it to reduce your federal tax in those years. To do this, complete Part B of this form.
Carryforward to future years
You can carry forward for up to 20 years credits earned in tax years that end after 1997.
Property bought or expenditures made before 2012
You may be able to apply unused ITCs from expenditures or acquisitions made from 1998 to 2011 on your 2012 income tax return. To do this, complete Part A of
this form.
Refund of ITC
If you do not use all of your ITC to reduce your taxes in the year or in the three previous years, we may refund up to 40% of your unused credit to you. You can
only claim this refund in the year you buy property or make an expenditure that qualifies for the credit, unless the available for use rules
(or other rules deeming the expenditure to have been made in a later year) apply. To claim a refund of ITC, complete Part B of this form. Enter your
refund amount on line 454 of your income tax return. If a partnership or trust made the investments, enter only your share of the amount.
Adjustments
The credit you claim or that we refund to you for 2012 reduces the capital cost of the property. Any 2012 credit you carry back to a previous year will also reduce
the capital cost of the property. Make this adjustment in 2013. This adjustment reduces the capital cost allowance you can claim for the property. It also affects
your capital gain when you dispose of the property. You might have claimed a credit or received a refund for 2012 for a property that you already disposed of. In
addition, you might still have other property in the same class. If so, reduce the undepreciated capital cost of the class for 2013 by the amount of the credit you
claimed or received as a refund. If, after the disposition, you do not have any property left in the same class, include in your 2013 income the amount of the credit
you claimed or received as a refund. Enter the amount as other income on line 9600 if you are filing Form T2042, T1163, T1164, T1273, or T1274. Enter the
amount on line 8230 if you are filing Form T2125 (Form T2032 and/or Form T2124 for 2007 and previous tax years).
A credit deducted or refunded will reduce the balance in the SR&ED pool, the adjusted cost base (ACB) of an interest in a partnership, and the ACB of a capital
interest in a trust in the next tax year.
Partnership
If you are a partner of a partnership, include only your part of the partnership investment or expenditure. An ITC earned by a partnership is usually allocated to a
partner. However, an ITC earned on qualified SR&ED expenditures may not be allocated to a specified partner of a partnership. If you received an allocation of
ITC from a partnership, calculate your share of the investment cost or expenditure. Enter this cost or expenditure on the line corresponding to the
appropriate rate.
Page 2 of 6
ITC – Investment or expenditures, percentages, and codes
Protected B when completed
Review the codes shown below, and use the one that applies to you in Part A of this form.
Type of investment or expenditure
Specified percentage
Code
30%
3A
Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, or the Gaspé Peninsula
(see Note 2 below); or
30%
3B
any other area in Canada.
20%
4B
20%
4C
10%
12
15%
10%
25%
6
7
Certain certified property – (see Note 1 below)
Qualified expenditures for SR&ED carried out in the following areas:
Contributions made after 2000 to agricultural organizations for SR&ED carried out in Canada –
(see Note 5 below)
Qualified property acquired after 1994 for use in the following specific areas:
Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, the Gaspé Peninsula,
or a prescribed offshore region (see Note 3 below).
Renounced Canadian exploration expenses – (see Note 4 below)
Apprenticeship job creation tax credit
5
Notes
1 – Certified property must be part of a facility as defined in the Regional Development Incentives Act, which you acquired mainly for use in a
prescribed area. It must also meet one of the following conditions:
you acquired it under a written agreement entered into before February 22, 1994;
it was under construction by or for you on that date;
it is machinery or equipment that will be a fixed and integral part of the property under construction by or for you on that date; or
it has not been used or acquired for lease or for any purpose whatsoever before you acquired it.
The 30% rate may also be available for certified property that you acquired after 1994 and before 1996. This rate will apply if:
you acquired the property for use in a project that was substantially advanced by you or for you, as evidenced in writing, before
February 22, 1994; and
construction on the project by you or for you began before 1995.
2 – For qualified expenditures for SR&ED incurred after 1994, the rate is 20%. However, for the Atlantic Provinces and the Gaspé Peninsula, qualified
expenditures incurred under a written agreement entered into before February 22, 1994, will still qualify for the 30% rate.
3 – Qualified property you acquired under a written agreement entered into before February 22, 1994, will still qualify for the 15% rate.
4 – For Canadian exploration expenses renounced by a corporation to an individual (or a partnership of which the individual is a member) and
reported in Box 128 of a T101 slip or a T5013A slip, the rate will be 15%. The renunciation must be under a flow-through share agreement financing for
mineral exploration (which excludes coal deposits, tar sands, oil and gas) entered into after March 2012 and before April 1, 2013.
5 – Contributions made to agricultural organizations for SR&ED on or subsequent to January 1, 2001, qualify for the 20% rate. Enter the amount in
box 6715 with a note on the top of the form stating that your claim is for contributions to agricultural organizations.
More information
For more information about the recapture of ITCs, and for other information about ITCs, visit www.cra.gc.ca, or see Interpretation Bulletin IT411R, Meaning of
Construction, and Information Circular IC78-4R3, Investment Tax Credit Rates, and its Special Release.
Part A – Calculating an investment tax credit (ITC)
Calculating the current-year refundable credits – Tick the appropriate box.
쐰
...........
6710
쎹 0.30
씰
...........
6712
쎹 0.20
씰쎵
(Note 2 on this page)
Total expenditure
쐰
Code 4C
Incurred after 2000
Total expenditure . . . . . . . . . . . . . . . . .
6715
쎹 0.20
씰쎵
Code 12
Acquired after 1994
Total investment . . . . . . . . . . . . . . . . . .
6714
쎹 0.10
씰쎵
Code 12
Total investment . . . . . . . . . . . . . . . . . .
6716
쎹 0.15
씰쎵
Code 3A
Total investment
Code 3B
Total expenditure
Code 3B
Incurred after 1994
Total expenditure
Code 4B
Total current-year refundable credits – Enter the total from line A in column 2 on page 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
A
Page 3 of 6
Calculating the current-year non-refundable credits – Tick the appropriate box.
Code 5
(Note 4 on page 3)
Total expense . . . . . . . . . . . . . . . . . . . .
쎹 0.15
6717
씰
*
* This credit will reduce your Canadian exploration expense pool in the year following the year in which you claim the credit.
Code 6
Apprenticeship job creation tax credit
If your apprentice works for you and also works for a related employer as defined under subsection 251(2) of the Income Tax Act (ITA), all related employers
have to agree in writing that you are the only employer who will be claiming the apprenticeship job creation tax credit for this tax year for each apprentice
whose contract number, social insurance number (SIN), or name appears below.
For each apprentice in their first 24 months of the apprenticeship, enter the apprenticeship contract number registered with Canada, or a province or territory
of Canada, under an apprenticeship program designed to certify or license individuals in the trade. If there is no contract number, enter the SIN or the name
of the eligible apprentice. Then, enter the name of the eligible trade and the eligible salary and wages** payable in the year in respect of employment after
May 1, 2006. The credit is 10% of the total of the amounts in column C. Attach a note if more space is required.
A
Contract number
(SIN or name of apprentice)
B
Name of eligible trade
C
Eligible salary and wages ** payable
in the year, or $20,000,
whichever is less
1.
2.
3.
Total of amounts in column C
쎹 0.10
6718
씰쎵
** Net of any government or non-government assistance received or to be received in respect of eligible salary and wages.
Code 7
Eligible child care space expenditures include the cost of depreciable property, and the amount of specified child care start-up expenditures acquired or
incurred solely for the purpose of the creation of the new child care spaces at a licensed child care facility.
Total amount of current year expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total number of child care spaces created
쎹 $40,000 . . . . . . . . . . . .쏁
Enter the lesser of line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
쎹 0.25
6719
씰쎵
Total current-year non-refundable credits – Enter the total from line B in column 3 on page 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
B
Recapture – ITC for child care spaces
If, at any time within 60 months of the day that you create a new child care space, that space is no longer available, or if the property acquired for a child care
space is leased for any purpose or converted to another use, we will recover the ITC for that space or property.
The amount of the recovery will be:
If only child care spaces are disposed of, the amount originally claimed for those child care spaces . . . . . . . . . . . . . . . . . . . . . . . . . . .
If property other than child care spaces is disposed of:
4
Amount originally claimed for ITC for the property disposed of . . . . . . . . . . . . . . . . . . . . . . .
25% of the proceeds of disposition of the eligible property (or 25% of fair market value if
disposed of to a non-arm's length party) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
5
The lesser of line 4 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total recapture of investment tax credit for child care spaces (add line 3 and line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . .
6730
쎵
6
쏁
Enter the amount from line 6730 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recapture of ITC on SR&ED expenditures
Amount of expenditure on which ITC is recaptured at 30% (see "Qualified expenditure"
on the first page). Do not enter more than the amount of the original expenditure . . . . . .
6711
쎹 0.30
씰쎵
i)
Amount of expenditure on which ITC is recaptured at 20% (see "Qualified expenditure"
on the first page). Do not enter more than the amount of the original expenditure . . . . . .
6713
쎹 0.20
씰쎵
ii)
Total recaptured credits – Amount from line 6730, plus line (i), plus line (ii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .쏁
7
Add the amount on line 7 to the amount on line 406 of Schedule 1 of your income tax return.
Page 4 of 6
Calculating an allowable claim
Enter the total credit available from column 5 on page 6 of this form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
C
Federal tax (from line 406 of Schedule 1 of your income tax return) . . . . . . . . . . . . . . . . . . . . . .
Minus: Federal political contribution tax credit (from line 410 of Schedule 1 of your
앥
income tax return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
Minus: Labour-sponsored funds tax credit (from line 414 of Schedule 1 of your
앥
income tax return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
씰
D
You can claim an ITC amount up to, but not more than, line C or D, whichever is less.
Enter your claim on this line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E
If you do not have to complete Form T691, Alternative Minimum Tax (see your guide for information), or if the amount you calculate on line 95 of Form T691
is zero, enter the amount from line E on line 412 of Schedule 1 of your income tax return, or on line 37 of T3 Schedule 11. If Alternative Minimum Tax (AMT)
does not apply, enter the amount from line E in column 6 on page 6 of this form.
Otherwise, complete the following section to determine your ITC claim and enter "0" in column 6 on page 6 of this form.
Calculating an allowable claim if alternative minimum tax (AMT) applies
Complete this section only if you calculate an amount greater than zero on line 95 of Form T691.
Enter the amount from line D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plus: Federal foreign tax credit (from line 405 on Schedule 1 of your income tax return) . . . . . .
쎵
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
Minus: Minimum amount from line 58 of Form T691
................................
앥
Subtotal – if negative, enter "0" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
씰
F
You can claim an ITC amount up to, but not more than, line C or F, whichever is less.
Enter your claim on this line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
G
Enter the amount from line G on line 412 of Schedule 1 of your income tax return, or on line 37 of T3 Schedule 11.
Also enter the amount from line G in column 7 on page 6.
Part B – Calculating a carryback and refund of ITC
ITC available for carryback
Complete this section to determine the balance of credit available for carryback to previous tax years.
Total current-year credit available (column 5 minus column 1 on page 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Minus: Current-year credit applicable*
앥
The maximum amounts you could have claimed in column 6, plus column 7, minus column 1 on page 6 (if negative, enter "0") . .
Total credit available for carryback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
H
* To arrive at the amount available to carry back, you first have to apply your credit to the fullest extent in the current year, whether you claimed all of
it or not. This means that, before determining the amount available to carry back, you first have to reduce your federal tax for the current year by
the maximum amounts you could have claimed in columns 6 and 7, whether you claimed the maximum or not.
Page 5 of 6
ITC carryback request
Complete this section to request a carryback of the ITC you earned in the current tax year. The carryback provisions allow you to apply a current-year credit
against the total of your federal tax for any of the three previous tax years. The credit you apply to a previous year cannot be more than the total of your
federal tax for that year.
You have to deduct any amount of the refundable ITC designated as a carryback when you calculate your ITC refund and the balance to carry forward to tax
years that follow.
To request a carryback, complete this section, and attach one copy of this form to your current-year income tax return.
Note:
We do not refund an amount you designate as a carryback in the current year.
Do not enter the amount on your income tax return.
The amount on line H to apply to:
쐯
Year
Third previous tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6720
Second previous tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6721
First previous tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6722
I
Total credit designated for carryback (not more than amount H on page 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the total of lines I and K in column 8 below.
Date
Signature
Year
Month
Day
6724
ITC available for refund
Complete this section to determine the balance of credit available for refund.
Total current-year refundable credit available (column 2 minus column 4 below) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Current-year credit claim (column 6, plus column 7, minus column 1 below) . . . . . . . . . . . . . .
Plus: Total amount of ITC being carried back (amount I above) . . . . . . . . . . . . . . . . . . . . . . . . .
쎵
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
Minus: Current-year non-refundable credit (column 3 below) . . . . . . . . . . . . . . . . . . . . . . . . . .
앥
Total (If negative enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
씰
앥
Total credit available for refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쏁
J
Calculating an ITC refund
Complete this section to calculate a refund of ITC that you earned in the current year. You have to deduct any amounts you claim as a refund when
you calculate the balance to carry forward to tax years that follow.
ITC available for refund (amount J above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Designated refund of ITC
(cannot be more than amount J above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Multiply: Refundable rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
쎹
0 40
K
Refund of ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the amount from line K on line 454 of your income tax return or on line 88 of a T3 Trust Income Tax and Information Return.
Enter the total of lines I and K in column 8 below.
1
Balance of
credits carried
forward
$
2
3
Current-year
Current-year nonrefundable credit refundable credit
(line A on page 3) (line B on page 4)
$
$
4
Adjustments*
$
5
Total credit
available
(col.1 plus
col. 2 plus col. 3
minus col. 4)
$
6
7
Current-year credit Current-year credit
claim
claim (AMT)
(line E on page 5) (line G on page 5)
$
$
8
Credit
claim – Other
(line I plus
K above)
$
9
Balance
carried forward
(col. 5 minus
col. 6, col. 7
and col. 8)
$
* For testamentary trusts, enter the amount of ITC allocated to beneficiaries from box 40 of T3 slips.
Privacy Act, Personal Information Bank number CRA PPU 005
Page 6 of 6
CLAIM FOR TAX SHELTER LOSS OR DEDUCTION
DEMANDE DES PERTES ET DES DÉDUCTIONS RATTACHÉES À UN ABRI FISCAL
(Year – Année)
쐌 Use this form if you are an investor claiming a loss or deduction, a donation or
political contribution deduction, or a tax credit for an interest in a tax shelter. We
may verify and adjust your claim.
쐌 Utilisez ce formulaire si vous êtes un investisseur et que vous voulez déclarer une perte ou
demander une déduction, une déduction pour dons ou pour contributions politiques ou un crédit
d'impôt concernant une part dans un abri fiscal. Nous pouvons vérifier et modifier ces demandes.
쐌 If you receive a T5003 slip (tax shelter), and a T5013 slip (partnership) or an
official donation or political contribution slip for the same tax shelter, do not
claim amounts more than once.
Under the Income Tax Act, we can apply a penalty of 50% of the
understated tax if you make a false claim knowingly or in circumstances
amounting to gross negligence.
쐌 Si vous recevez un feuillet T5003 (abri fiscal) et un feuillet T5013 (société de personnes) ou
un reçu officiel de don ou de contribution politique pour le même abri fiscal, ne demandez
aucun montant plus d'une fois.
La Loi de l'impôt sur le revenu prévoit une pénalité de 50 % de l'excédent de l'impôt qui
serait payable si vous faites une fausse déclaration, sciemment ou dans des
circonstances qui constituent une faute lourde.
쐌 Attach a completed copy of this form to your income tax and benefit return
together with documents (a copy of your T5003 slip and the tax shelter's
statement of earnings, or a copy of your T5013 slip) to support the amount you
are claiming as a loss or deduction, a donation or political contribution
deduction, or a tax credit.
쐌 Annexez une copie de ce formulaire dûment rempli et les pièces justificatives à votre
déclaration de revenus et de prestations (une copie de votre feuillet T5003 ainsi que l'état des
résultats de l'abri fiscal, ou une copie de votre feuillet T5013) pour justifier le montant que vous
demandez comme perte ou déduction, déduction pour dons ou pour contributions politiques ou
crédit d'impôt.
쐌 You have to identify a tax shelter interest you bought after August 31, 1989,
with a tax shelter identification number. You have to provide this number on
your claim for any investment in the tax shelter you bought after that date.
쐌 Vous devez fournir le numéro d'inscription de l'abri fiscal pour toute part dans un abri fiscal
acquise après le 31 août 1989. Vous devez fournir ce numéro pour demander une déduction
concernant une part dans un abri fiscal acquise après cette date.
쐌 If you need more information on how to complete this form, call us at
1-800-959-5525.
쐌 Pour en savoir plus sur la façon de remplir ce formulaire, communiquez avec nous au
1-800-959-7775.
Investor's identification number
Numéro d'identification de l'investisseur
Investor's name – Nom de l'investisseur
Address – Adresse
Tax shelter identification number**
Numéro d'inscription
de l'abri fiscal**
1
T S
2
T S
3
T S
4
T S
5
T S
6
T S
7
T S
8
T S
9
T S
Tax shelter's name – Nom de l'abri fiscal
Note – Remarque
Use another form if you need more room to list your tax shelter losses or deductions. Enter the "Total amount
claimed" on the last form only. That amount is the total of all losses or deductions you are claiming for the year.
Utilisez un formulaire supplémentaire si vous n'avez pas suffisamment d'espace pour inscrire vos pertes et
déductions. Indiquez le « Montant total demandé » seulement sur le dernier formulaire. Ce montant représente
le total des pertes et déductions que vous demandez pour l'année.
** Income Tax Act paragraph 237.1(5)(c) –
"The identification number issued for this tax shelter shall be included in any income tax
return filed by the investor. Issuance of the identification number is for administrative
purposes only and does not in any way confirm the entitlement of an investor to claim any tax
benefits associated with the tax shelter."
* Use the last column above to indicate the line where you are making
your claim on an individual income tax and benefit return.
쐌 If your claim is for a Gift, use line 349. and if your claim is for a Political
contribution (monetary contribution), use line 409.
쐌 If you are a limited partner of a partnership that invested in a tax shelter,
make your claim on line 122, Net partnership income: limited or
non-active partners only.
쐌 Otherwise, make your claim on the line that corresponds with the type
of loss or deduction you are claiming. For example: line
126, Rental income;
217, Business investment loss;
135, Business income;
221, Carrying charges and interest expenses;
141, Farming income;
224, Exploration and development expenses;
143, Fishing income;
232, Other deductions
T5004 (10)
Purchase date
Date de l'achat
Month
Year – Année
Mois
Loss or deduction claimed
Perte ou déduction
demandée
Line from
T1 return*
Ligne de la
déclaration T1*
Total amount claimed
Montant total demandé 6765
** Loi de l'impôt sur le revenu, alinéa 237.1(5)c) –
« Le numéro d'inscription attribué à cet abri fiscal doit figurer dans toute déclaration d'impôt sur le
revenu produite par l'investisseur. L'attribution de ce numéro n'est qu'une formalité administrative et
ne confirme aucunement le droit de l'investisseur aux avantages fiscaux découlant de cet abri fiscal. »
* Utilisez la dernière colonne pour indiquer à quelle ligne vous faites votre
demande dans une déclaration de revenus et de prestations des particuliers.
쐌 Si votre demande concerne un don, utilisez la ligne 349 et
si votre demande concerne des contributions politiques (contributions
monétaires) utilisez la ligne 409.
쐌 Si vous êtes un commanditaire d'une société de personnes qui a investi dans
un abri fiscal, inscrivez le montant à la ligne 122, Revenus nets de société de
personnes : commanditaires ou associés passifs.
쐌 Autrement, inscrivez le montant à la ligne qui correspond au genre de perte
ou de déduction que vous demandez. Par exemple, ligne :
126, Revenus de location;
217, Perte au titre d'un placement d'entreprise;
135, Revenus d'entreprise;
221, Frais financiers et frais d'intérêt;
141, Revenus d'agriculture; 224, Frais d'exploration et d'aménagement;
143, Revenus de pêche
232, Autres déductions
Continued on back – Suite au verso
Tax Shelters
Generally, a tax shelter is:
쐌 an investment in property (other than a flow-through share or a
prescribed property); or
쐌 a gifting arrangement under which a person entering into the
arrangement:
– makes a gift to a qualified donee or makes a monetary contribution
to a registered party, a provincial division of a registered party, a
registered association, or a candidate as those terms are defined
in the Canada Elections Act; or
–
incurs a limited-recourse debt that can reasonably be considered
to relate to a gift to a qualified donee or to a monetary contribution.
Generally, the investment in property or the gifting arrangement is
a tax shelter if it is promoted as offering income tax savings and if it is
reasonable to consider, based on statements or representations made
or proposed to be made, that within the first four years of buying an
investment in the property or entering into the gifting arrangement, the
buyer or donor will have losses, deductions, or credits. Further, it has
to be reasonable to consider that the losses, deduction, or credits
would be equal to or more than the cost of the original investment or
of the property acquired under the gifting arrangement, net of any
prescribed benefits expected to be received or enjoyed, directly or
indirectly, by the person or another person with whom the person does
not deal at arm's length.
The tax shelter rules for gifting arrangements generally apply to gifts,
monetary contributions, and representations made and property
acquired under the gifting arrangement after February 18, 2003.
Under the Income Tax Act, a tax shelter promoter has to get an
identification number from the Canada Revenue Agency before selling
the tax shelter. The number does not indicate that we guarantee any
investment, or authorize any resulting tax benefits. We use this
number for administrative purposes only. If you own a tax shelter, you
have to give its identification number when you file a tax return.
We recognize that legitimate tax shelters are established for valid
business reasons. However, we are concerned that some promoters
sell tax shelters mainly to help taxpayers avoid paying taxes.
Investors should be cautious when considering a tax shelter
investment if they suspect that it has these features:
앫 a lack of business activity, or an activity with no reasonable
expectation of profit;
앫 unreasonable or inflated expenses, or overvalued assets;
앫 limited-recourse financing, or financing arrangements that indefinitely
defer an investor's payment;
앫 losses for tax purposes will be more than the amount of the
investment that is actually at risk; or
앫 the promoter or others are making verbal assurances of income tax
consequences that are different from, or are not confirmed by,
professional opinions contained in the investment documents.
Abris fiscaux
En général, un abri fiscal est :
쐌 un investissement dans un bien (sauf une action accréditive et un bien visé par
règlement);
쐌 un arrangement de don aux termes duquel la personne qui l'a pris :
fait un don à un donataire reconnu ou verse une contribution monétaire à un parti
inscrit, à une section provinciale d'un tel parti, à une association inscrite ou à un
candidat, selon les définitions de ces termes données dans la Loi
électorale du Canada;
– souscrit un emprunt à recours limité pouvant raisonnablement être considéré
comme étant rattaché à un don fait à un donataire reconnu ou à une
contribution monétaire.
En général, l'investissement dans un bien ou l'arrangement de don est un abri
fiscal si, selon la promotion qui en est faite, il permettra des réductions d'impôt sur
le revenu. De plus, il y a abri fiscal s'il est raisonnable de croire, d'après des
déclarations ou des représentations faites ou proposées, que, au cours des quatre
ans suivant l'achat d'une partie de ce bien ou la conclusion de l'arrangement de
don, l'acheteur ou le donateur subira des pertes, aura droit à des déductions ou à
des crédits. En outre, il doit être raisonnable de croire que la valeur de ces pertes,
déductions ou crédits sera égale ou supérieure au coût de l'investissement initial
ou du bien acquis aux termes de l'arrangement de don, moins le montant des
avantages visés par règlement que la personne ou toute autre personne avec
laquelle elle a un lien de dépendance pourrait recevoir, directement ou
indirectement.
–
Les règles relatives aux abris fiscaux et aux arrangements de don s'appliquent
généralement aux dons, aux contributions monétaires et aux annonces faits après
le 18 février 2003, de même qu'aux biens acquis après cette date aux termes d'un
arrangement de don.
En vertu de la Loi de l'impôt sur le revenu, un promoteur ne peut pas vendre de
parts dans un abri fiscal avant d'avoir obtenu de l'Agence du revenu du Canada un
numéro d'inscription pour celui-ci. L'obtention de ce numéro ne signifie pas que
nous garantissons le placement ou que nous autorisons les avantages fiscaux qui
en découlent. Nous utilisons ce numéro à des fins administratives seulement. Si,
dans votre déclaration de revenus, vous demandez un avantage à l'égard d'un abri
fiscal, vous devez indiquer le numéro d'inscription de celui-ci.
Nous reconnaissons que des abris fiscaux légitimes sont établis pour des raisons
d'affaires valables. Toutefois, nous nous inquiétons du fait que certains promoteurs
vendent des abris fiscaux principalement pour aider les contribuables à se
soustraire à l'impôt.
Tout investisseur devrait se méfier si l'abri fiscal dans lequel il envisage de placer
des fonds comporte l'une des caractéristiques suivantes :
쐌 un manque d'activité commerciale ou la présence d'une activité qui ne justifie
aucun espoir raisonnable de profit;
쐌 des dépenses excessives ou gonflées, ou encore des éléments d'actifs
surévalués;
쐌 un financement avec recours limité, ou encore des modalités de financement qui
reportent indéfiniment l'échéance de paiement d'un investisseur;
쐌 les pertes aux fins de l'impôt dépasseront le montant de l'investissement qui est
effectivement à risque;
쐌 des assurances verbales données par le promoteur ou d'autres personnes en ce
qui concerne les conséquences fiscales, lorsque ces assurances diffèrent des
opinions d'experts contenues dans les documents relatifs à l'investissement ou
qu'elles ne sont pas confirmées par ces opinions.
Tax benefits resulting from a tax shelter for a genuine business or
investment are acceptable if they are reasonable and all other
requirements of the Income Tax Act have been met. However, a tax
shelter established only for a tax benefit (e.g., to generate a tax
refund) may be unacceptable, and we may apply the general
anti-avoidance rule of the Income Tax Act to deny the benefit being
sought.
Les avantages fiscaux découlant d'un placement dans un abri fiscal qui sert un but
d'affaires ou qui est un investissement véritable sont acceptables, à condition que
ces avantages soient raisonnables et que toutes les exigences applicables de la Loi
soient respectées. Par contre, nous n'acceptons aucun abri fiscal établi uniquement
pour procurer un avantage fiscal aux investisseurs (par exemple, pour générer un
remboursement d'impôt), et nous pouvons refuser d'accorder des avantages en
appliquant la disposition générale anti-évitement de la Loi.
To ensure fairness in the tax system and prevent abuses through
aggressive tax shelter promotions, we review and audit tax shelters.
When we review a tax shelter, we determine if the tax shelter leads to
an abusive application of the rules by letting investors claim
deductions or losses that are more than any amounts they will have to
pay. If we suspect fraud, we investigate the actions of the parties
involved.
Afin d'assurer l'équité du régime fiscal et d'empêcher les abus que risquerait
d'entraîner une promotion intensive d'abris fiscaux, nous examinons et vérifions de
près les abris fiscaux. Lorsque nous examinons un abri fiscal, nous déterminons si
cet abri peut mener à une application abusive des règles en permettant aux
investisseurs de demander des déductions ou de déclarer des pertes supérieures
aux sommes qu'ils seront tenus de verser. Nous menons des enquêtes sur toute
partie que nous soupçonnons de fraude.
For more information on tax shelters and the general anti-avoidance
rule, see Information Circular 89-4, Tax Shelter Reporting, and
Information Circular 88-2, General Anti-Avoidance Rule – Section 245
of the Income Tax Act.. You can get these information circulars by
visiting our Web site at www.cra.gc.ca or by calling 1-800-959-2221.
Pour en savoir plus sur les abris fiscaux et la disposition générale anti-évitement,
lisez les circulaires d'information 89-4, Déclaration de renseignements sur les abris
fiscaux, et 88-2, Disposition générale anti-évitement – Article 245 de la Loi de
l'impôt sur le revenu. Vous pouvez vous procurer ces documents en visitant notre
site Web à www.arc.gc.ca ou en téléphonant au 1-800-959-3376.
Privacy Act personal information bank number CRA PPU 005
Loi sur la protection des renseignements personnels, fichier de renseignements personnels
numéro ARC PPU 005
STATEMENT OF RESOURCE
EXPENSES AND DEPLETION ALLOWANCE
Use this form to calculate your resource expenditure pools, exploration and development expense deduction, expenses renounced in respect of flow-through
shares which qualify for investment tax credits and to claim your depletion allowance.
Attach your T101, T5013, T5013A and T5 slip(s) to the statement. If you do not have any of these slips, attach a statement that identifies you as a participant in
the venture.
Attach a separate sheet of paper if you need additional space for Areas I, IV or V.
Attach a completed copy of this form to your T1 General Income Tax and Benefit Return.
I.
Summary of T101 and T5013A slips (Renounced Canadian Exploration and Development Expenses)
Canadian exploration expense (CEE)
Canadian development expense (CDE)
Identification number (*)
Renunciation
Assistance
Renunciation
Assistance
Total
Portion of any reduction subject
to an interest free period.
Expenses
qualifying for
an ITC
Portion subject to an interest free period
Enter the total of the amounts reported in box 129 of your
Enter the total of the amounts reported in box 130 of your
T101 or T5013A slips.
T101 or T5013A slips.
(*) Identification number on Form T101 – Statement of Resource Expenses or the partnership's filer identification number on Form T5013A – Statement of
Partnership Income for Tax Shelters and Renounced Resource Expenses.
II. Canadian resource expenditure pools
The amounts calculated in Area I above form part of your CCEE (Cumulative Canadian Exploration Expense) and CCDE (Cumulative Canadian Development
Expense) pools, as the case may be. In most cases the CCOGP (Cumulative Canadian Oil and Gas Property Expense) pool is relevant only if you have an
opening balance.
CCEE
CCDE
CCOGPE
(1)
Balance at the beginning of the year
Add: Total current year renunciation from Area I
Other resource expenses (T5013 slips: boxes 90 to 92)
Other (specify)
Subtotal (2)
Deduct: Total assistance from Area 1
Previous year's claim for federal investment tax credit
Provincial flow-through share tax credit received or entitled to receive
Assistance (T5013 slips: boxes 96 to 98)
Other (specify)
Subtotal (3)
Balance available
(If negative for CCEE or CCDE include the amount on line 130 or your
return, a negative CCOGPE balance will first reduce your CCDE)
[(1)+(2)-(3)] A
X 100%
Rate
Maximum exploration and development expenses available for deduction
(If negative enter zero)
X 10%
(4)
B
Exploration and development expenses claimed
Enter the amount in (4) or a lesser amount
[A - B]
Balance at the end of the year
III.
X 30%
Exploration and development expenses (see line 224 in the General Income Tax and Benefit Guide)
Canadian expenses claimed (sum of the claims in B above)
Foreign expenses claimed (attach a schedule that gives the details of the amount claimed)
Other expenses (e.g. Crown charges)
Resource allowance
Resource profits
X Inclusion Rate *
Total exploration and development expenses (enter on line 224 of your return)
X 25% =
+
+
+
=
*Inclusion rate: before 2003 – 100%; 2003 – 90%; 2004 – 75%; 2005 – 65%; 2006 – 35%; after 2006 – 0%)
IV. Expenditures qualifying for an investment tax credit (see line 412 in the General Income Tax and Benefit Guide)
Expenditures qualifying for an investment tax credit from Area I
Deduct: Provincial flow-through share tax credit received or entitled to receive
Eligible resource expenditures qualifying for an investment tax credit (enter on line 6717 of your Form T2038(IND))
V.
Depletion allowances (specify) (see line 232 in the General Income Tax and Benefit Guide)
(enter on line 232 of your return)
T1229 (07)
(Ce formulaire existe en français.)
–
=
=
ÉTAT DE FRAIS DE RESSOURCES
ET DE DÉDUCTIONS POUR ÉPUISEMENT
Remplissez et joignez une copie de ce formulaire à votre déclaration de revenus et de prestations pour calculer vos comptes de ressources au Canada, votre
déduction de frais d'exploration et d'aménagement, vos dépenses renoncées concernant des actions accréditives qui sont admissibles aux fins du crédit d'impôt
à l'investissement, et pour réclamer votre déduction pour épuisement.
Joignez vos feuillets T101, T5013, T5013A et T5 à l'état. Si vous n'avez reçu aucun de ces feuillets, joignez une copie de l'état qui vous désigne comme ayant
une participation dans l'entreprise.
Si vous avez besoin de plus d'espace pour les parties I, IV ou V, prière de joindre une annexe.
Joignez une copie complétée de ce formulaire à votre déclaration générale d'impôt et de prestations.
I.
Sommaire des feuillets T101 et T5013A (Frais d'exploration et d'aménagement au Canada ayant fait l'objet d'une renonciation)
Frais d'exploration au Canada (FEC)
Frais d'aménagement au Canada (FAC)
N° d'identification (*)
Renonciation
Montant d'aide
Renonciation
Montant d'aide
Total
Partie d'une réduction donnant
lieu à une période sans intérêt
Partie donnant lieu à une période sans intérêt
Inscrivez le total des montants reportés à la case 129 de vos feuillets T101
ou T5013A.
Inscrivez le total des montants reportés à la case 130 de
vos feuillets T101 ou T5013A
(*)
Frais admissibles
aux fins du CII
Numéro d'identification sur le formulaire T101 – État des frais de ressources ou le numéro d'identification de la société de personnes dans le formulaire
T5013 – État des revenus d'une société de personnes pour les abris fiscaux et les frais de ressources ayant fait l'objet d'une renonciation.
II. Comptes de frais de ressources au Canada
Les montants calculés à la partie I ci-dessus font partis de vos FCEC (Frais cumulatifs d'exploration au Canada) et FCAC (Frais cumulatifs d'aménagement au
Canada) suivant le cas. Dans la majorité des cas, les FCBCPG (Frais cumulatifs à l'égard de biens canadiens relatifs au pétrole et au gaz) sont pertinents
seulement si vous avez un solde d'ouverture.
FCEC
FCAC
FCBCPG
(1)
Solde au début de l'année
Ajoutez : Total des renonciations de l'année courante calculé à la partie I
Autre frais de ressources (feuillet T5013 : cases 90 à 92)
Autre (précisez)
Total partiel (2)
Déduire : Total du montant d'aide à la partie I
Crédit d'impôt à l'investissement fédéral demandé de l'année précédente
Crédit d'impôt provincial lié aux actions accréditives reçu ou en droit de recevoir
Montant d'aide (feuillet T5013 : cases 96 à 98)
Autre (précisez)
Total partiel (3)
Solde disponible
(Si négatif pour FCEC ou FCAC, inscrivez ce montant à la ligne 130 de votre
déclaration, un solde de FCBCPG négatif réduit votre FCAC en premier)
[(1)+(2)-(3)] A
Taux
Frais d'exploration et d'aménagement maximum disponible pour déduction
(Si négatif, inscrivez zéro)
Frais d'exploration et d'aménagement demandé
Inscrivez le montant calculé à la ligne (4) ou un montant moindre
X 30 %
(4)
B
Frais d'exploration et aménagement (lisez la ligne 224 du guide général d'impôt et de prestations)
Frais d'exploration et d'aménagement au Canada demandé (somme des montants demandés à la ligne B ci-dessus)
Frais d'exploration et d'aménagement à l'étranger demandé (annexez une cédule pour le montant demandé)
Autre frais (p. ex. droits à la Couronne)
X taux d'inclusion *
Déduction relative aux ressources Bénéfices relatifs aux ressources
Frais d'exploration et aménagement total (inscrivez ce montant à la ligne 224 de votre déclaration)
*Taux d'inclusion : avant 2003 – 100 %; 2003 – 90 %; 2004 – 75 %; 2005 – 65 %; 2006 – 35 %; après 2006 – 0 %)
+
+
X 25 % = +
=
IV. Frais admissibles aux fins du crédit d'impôt à l'investissement (lisez la ligne 412 du guide général d'impôt et de prestations)
Frais admissibles aux fins du crédit d'impôt à l'investissement calculé à la partie I
Déduire : Crédit d'impôt provincial lié aux actions accréditives reçu ou en droit de recevoir
Frais admissibles aux fins du crédit d'impôt à l'investissement
(Inscrivez ce montant à la ligne 6717 de votre formulaire T2038(IND))
V.
X 10 %
[A - B]
Solde à la fin de l'année
III.
X 100 %
Déductions pour épuisement (précisez) (lisez la ligne 232 du guide général d'impôt et de prestations)
(inscrivez le montant à la ligne 232 de votre déclaration)
T1229 (07)
(This form is available in English.)
–
=
=
CALGARY OFFICE:
812 Memorial Drive NW
Calgary, Alberta
T2N 3C8
Tel: 403-269-2100 Fax: 403-269-2911
TORONTO OFFICE:
1 First Canadian Place
58th Floor
P.O. Box 192
Toronto, Ontario
M5X 1A6
Tel: 416-362-0714 Fax: 416-362-7925
Toll Free: 1-888-890-1868
Website: www.middlefield.com
Email: [email protected]
AUDITOR
Deloitte LLP
Toronto, Ontario
LEGAL COUNSEL
Davies Ward Phillips & Vineberg LLP
Toronto, Ontario
Fasken Martineau DuMoulin LLP
Toronto, Ontario
TRANSFER AGENT
MFL Management Limited
Toronto, Ontario

TAX INFORMATION FOR 2012

Transcription

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