T691(Page 2&3) - fill out and auto calculate/complete form online

Protected B when completed

Part 1 – Adjusted taxable income and minimum amount (continued)

Amount from line 12 on the previous page

Resource property and flow-through shares

Total of all resource expenditures, depletion allowances and carrying
charges for resource property and flow-through shares (included on

lines 22100, 22400 and 23200 of your return)

Income (including royalties) from production
of petroleum, natural gas and minerals,
before carrying charges, resource expenditures,
and depletion allowances included on line 14

(if negative, enter "0")

Income from dispositions of foreign resource
properties, and recovery of exploration and
development expenses before carrying charges,
resource expenditures and depletion allowances

included on line 14 (if negative, enter "0")

Income from property, or from a business of
selling the product of property, described in
Class 43.1 or 43.2 in Schedule II of the Income
Tax Regulations before resource expenditures
and depletion allowances included on line 14

(if negative, enter "0")

Add lines 15 to 17.

►

–

Line 14 minus line 18 (if negative, enter "0")

67860

►

Line 13 plus line 19

Do not use this area.

67900

Non-taxable part of capital gains reported in the year

Amount from line 19700 on Schedule 3 (if negative, enter "0" on line 28).

Do not include a reserve from any year before 1986.

Capital gains (or losses) arising from mortgage
foreclosures and conditional sales repossessions

from lines 12400 and 15500 of Schedule 3

Part of total capital gains included on line 21 that
is exempt from Canadian tax under a tax treaty

(included on line 25600 of your return)

67880

Capital gains on gifts of property to qualified

donees included on line 21 ⁽⁷⁾

67890

Certain capital gains from graduated rate estates

(for details, contact its legal representative)

67870

Add lines 22 to 25.

►

–

Line 21 minus line 26 (if negative, show in brackets)

Multiply line 27 by 30%.

(if negative, do not show the result in brackets)

Enter the amount from line 12700 of your return.

If line 27 is positive, enter the amount from line A.

If line 27 is negative, enter the amount from line A or B, whichever is less, and show it in brackets.

Line 20 plus line 28

(7)

This amount includes amounts from lines 1, 2 and 3 of Column 8 of Form T1170 as well as gifts of property to a qualified donee not included on
Form T1170 (for example, gifts of listed personal property or other capital property), but excludes amounts from lines 1, 2 and 3 of Column 7 of
Form T1170 (gains on gifted property eligible for 0% inclusion rate) as these amounts are not included on line 21.

T691 E (23)

Page 2 of 8

Protected B when completed

Part 1 – Adjusted taxable income and minimum amount (continued)

Amount from line 29 on the previous page

Security options deduction under paragraph 110(1)(d) included on
line 24900 of your return (total of all amounts in box 39 of your T4 slips
plus 50% of the amount on line 2 of Form T1212, Statement of Deferred

Security Options Benefits)

67910

Gifts of securities acquired under a security option

plan included on line 24900 of your return

67914

Amount from line 31

Amount from line 32

–

Line 33 minus line 34

(if negative, enter "0")

Multiply line 35 by 40%

Line 32 plus line 36

►

–

Line 31 minus line 37 (if negative, enter "0")

►

Security options deduction under paragraph 110(1)(d.1) included on

line 24900 of your return (total of all amounts in box 41 of your T4 slips)

Deduction included on line 24900 of your return for a security received as

a prospector or grubstaker

Deduction included on line 24900 of your return for certain dispositions of

securities received from a deferred profit-sharing plan

Add lines 39 to 41.

67918

Multiply line 42 by 60%.

If you claimed limited partnership losses incurred in another year on
line 25100 of your 2023 return and you have filed an election ⁽⁸⁾,
enter the amount of deductible adjusted losses ⁽⁹⁾ incurred prior to 2012
from all limited partnerships plus any incurred after 2011 from partnerships

that are tax shelters.

If you claimed limited partnership losses incurred in another year on
line 25100 of your 2023 return and you have not filed an election ⁽⁸⁾,
enter the amount of deductible adjusted losses ⁽⁹⁾ incurred from 2003 to
2022 from partnerships that are tax shelters plus any incurred before 2003

from other limited partnerships.

67920

Enter the amount from line C or line D, whichever applies to your situation.

If you claimed non-capital losses, including restricted farm losses or farm
losses, incurred in another year on line 25200 of your 2023 return ⁽⁹⁾,
indicate the difference between those losses and the losses that are
deductible for AMT purposes (adjusted to restrict CCA or carrying charges
claimed on multiple-unit residential buildings, rental and leasing property,
certified feature films or certified productions, as well as the part for

resource expenditures and depletion allowances).

Line E plus line F

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Add lines 30, 38, 43 and 44. ⁽¹⁰⁾

(8)

You can no longer file an election. The deadline for filing an election to restrict your limited partnership losses for partnerships that are tax shelters
was March 11, 2014.

(9)

Calculate the limited partnership losses and/or restricted farm losses, farm losses and non-capital losses for other years from CCA and carrying
charges, using the rules in effect for the year. If you need help, contact the Canada Revenue Agency.

(10)

If you elect under section 40 of the Income Tax Application Rules, include the elected income in the total on line 45.

T691 E (23)

Page 3 of 8