Protected B when completed

T3

–

Federal Income Tax

Schedule 11

•

Enter the tax year in the box above.

•

For information on completing this schedule, see Chapter 3 in Guide T4013, T3 Trust Guide.

•

Include a completed copy of this schedule with the trust's return.

Enter your taxable income from line 43 of the T3 return.

Step 1 – Tax on taxable income

Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT)

Use the amount from line 1 to determine which one of the following columns you have to complete.

If the amount from line 1 is:

$53,359 or less

more than $53,359
but not more than
$106,717

more than $106,717
but not more than
$165,430

more than $165,430
but not more than
$235,675

more than
$235,675

Enter the amount from line 1 above.

Base amount

–

Line 2 minus line 3

Tax rate

15%

20.5%

26%

29%

33%

Multiply line 4 by the rate on line 5.

Tax on base amount

Federal tax on taxable income

(line 6 plus line 7)

Trusts other than GRE and QDT

Federal tax on taxable income

Line 1

33% =

Step 2 – Federal tax

Federal tax on taxable income (line 8 or line 9)

11080

•10

Federal recovery tax (line 27 of Form T3QDT-WS)

11100

•11

Adjusted federal tax (add lines 10 and 11)

Federal dividend tax credit

Dividend tax credit for eligible dividends

line 24 of Schedule 8

x 54.5455% =

11108

•13

Dividend tax credit for dividends other than eligible dividends

line 31 of Schedule 8

x 69.2308% =

11109

•14

Total federal dividend tax credit (line 13 plus line 14)

11110

►

Donations and gifts tax credit (from line 30 of schedule 11A but not more than line 12 minus

line 15 from schedule 11; if negative, enter "0")

Total credits (line 15 plus line 16)

►

–

Subtotal (line 12 minus line 17; if negative, enter "0")

Minimum tax carryover from previous years (line 71 of Schedule 12)

11130

–

•19

Basic federal tax (line 18 minus line 19; if negative, enter "0")

11150

Surtax on income not subject to provincial or territorial tax

(part of line 20 not subject to these taxes)

x 48% =

11160

•21

Subtotal (line 20 plus line 21)

Continue at line 22 on the other side.

T3 SCH 11 E(23)

(Ce formulaire est disponible en français.)

Page 1 of 2

Protected B when completed

Schedule 11

Step 2 – Federal tax (continued)

Enter the amount from line 22 on the previous page.

Federal foreign tax credit (available to resident trusts only;

attach Form T3 FFT, T3 Federal Foreign Tax Credits for Trusts)

11180

•23

Total federal political contributions

11191

Allowable federal political contribution tax credit

(from the calculation for Schedule 11, line 25 in Guide T4013, T3 Trust Guide)

11190

•25

Investment tax credit (from Form T2038(IND), Investment Tax Credit (Individuals))

11200

•26

Federal logging tax credit for British Columbia

11210

•27

Federal environmental trust tax credit

11213

•28

Federal logging tax credit for Quebec

11214

•29

Total credits (add lines 23, and 25 to 29)

►

–

Subtotal (line 22 minus line 30; if negative, enter "0")

Additional tax on registered education savings plan accumulated income payments (attach Form T1172)

Federal tax payable (line 31 plus line 32)

If minimum tax applies to the trust, continue the calculations on Schedule 12.
If not, enter the amount from line 33 on line 44 of the return.

Refundable Quebec abatement (see Schedule 11, line 34 in Guide T4013, T3 Trust

Guide)

line 20

x 16.5% =

Enter this amount on line 50 of the return.

See the privacy notice on your return.

T3 SCH 11 E(23)

Page 2 of 2