Protected B when completed | ||||||||||||||||||||||||||||
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Newfoundland and Labrador Tax |
T3NL2024 |
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Complete this form for a trust resident in Newfoundland and Labrador or for a non-resident trust that carries on a business through a permanent establishment in Newfoundland and Labrador. Include a completed copy of this form with the trust's return. |
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Taxable income (line 47 of the return) | 1 | |||||||||||||||||||||||||||
Step 1 – Newfoundland and Labrador tax on taxable income |
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Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT) | ||||||||||||||||||||||||||||
Use the amount on line 1 to determine which one of the following columns you have to complete. | ||||||||||||||||||||||||||||
If the amount from line 1 is: |
$43,198 or less |
more than $43,198, but not more than $86,395 |
more than $86,395, but not more than $154,244 |
more than $154,244, but not more than $215,943 |
more than $215,943, but not more than $275,870 |
more than $275,870, but not more than $551,739 |
more than $551,739, but not more than $1,103,478 |
more than $1,103,478 |
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Enter the amount from line 1. | 2 | |||||||||||||||||||||||||||
Base amount | – | – | – | – | – | – | – | – | 3 | |||||||||||||||||||
Line 2 minus line 3 | = | = | = | = | = | = | = | = | 4 | |||||||||||||||||||
Rate | x 8.7% | x 14.5% | x 15.8% | x 17.8% | x 19.8% | x 20.8% | x 21.3% | x 21.8% | 5 | |||||||||||||||||||
Line 4 multiplied by line 5 | = | = | = | = | = | = | = | = | 6 | |||||||||||||||||||
Tax on base amount | + | + | + | + | + | + | + | + | 7 | |||||||||||||||||||
Line 6 plus line 7 Newfoundland and Labrador |
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tax on taxable income | = | = | = | = | = | = | = | = | 8 | |||||||||||||||||||
Trusts other than GRE and QDT | ||||||||||||||||||||||||||||
Newfoundland and Labrador tax on taxable income: | (amount from line 1) | x 21.8% = | 9 | |||||||||||||||||||||||||
Step 2 – Donations and gifts tax credit |
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Total donations and gifts: | ||||||||||||||||||||||||||||
Line 14 of Schedule 11A | 13012 | |||||||||||||||||||||||||||
On the first $200 or less | x 8.7% = | 10 | ||||||||||||||||||||||||||
On the remainder | x 21.8% = | + | 11 | |||||||||||||||||||||||||
Line 10 plus line 11 | Donations and gifts tax credit | 13014 | = | •12 | ||||||||||||||||||||||||
Step 3 – Newfoundland and Labrador tax |
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Enter the amount from line 8 or line 9 above. | 13011 | •13 | ||||||||||||||||||||||||||
Newfoundland and Labrador recovery tax (line 43 of Form T3QDT-WS) | 13013 | + | •14 | |||||||||||||||||||||||||
Line 13 plus line 14 | Subtotal | = | 15 | |||||||||||||||||||||||||
Continue on the next page. | ||||||||||||||||||||||||||||
T3NL E(24) | (Ce formulaire est disponible en français.) | Page 1 of 2 | ![]() |
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Protected B when completed | ||||||||||||||||||||||||||||
Step 3 – Newfoundland and Labrador tax (continued) | ||||||||||||||||||||||||||||
Donations and gifts tax credit (line 12) | 16 | |||||||||||||||||||||||||||
Dividend tax credit: | ||||||||||||||||||||||||||||
Line 24 of Schedule 8 | x 22.88% = | 13018 | + | •17 | ||||||||||||||||||||||||
Line 31 amount of Schedule 8 | x 24.533% = | 13015 | + | •18 | ||||||||||||||||||||||||
Minimum tax carryover: | ||||||||||||||||||||||||||||
Line 20 of Schedule 11 | x 58% = | 13016 | + | •19 | ||||||||||||||||||||||||
Add lines 16 to 19. | Total credits | = | ► | – | 20 | |||||||||||||||||||||||
Line 15 minus line 20 (if negative, enter "0") | Subtotal | = | 21 | |||||||||||||||||||||||||
Newfoundland and Labrador additional tax for minimum tax purposes (amount A of Chart 3 from Schedule 12) | 13002 | + | •22 | |||||||||||||||||||||||||
Line 21 plus line 22 | Subtotal | 13005 | = | 23 | ||||||||||||||||||||||||
Newfoundland and Labrador foreign tax credit (from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit) | 13060 | – | •24 | |||||||||||||||||||||||||
Line 23 minus line 24 (if negative, enter "0") | Newfoundland and Labrador tax | 13090 | = | 25 | ||||||||||||||||||||||||
Enter the amount of line 25 on line 50 of the return. | ||||||||||||||||||||||||||||
If you have questions... | ||||||||||||||||||||||||||||
If you have questions about Newfoundland and Labrador tax and credits, visit the Canada Revenue Agency (CRA) website at canada.ca/taxes or call 1-800-959-8281. | ||||||||||||||||||||||||||||
See the privacy notice on your return. | ||||||||||||||||||||||||||||
T3NL E(24) | Page 2 of 2 |