T3-Schedule 10 - fill out and auto calculate/complete form online

Protected B when completed

T3 -

Part XII.2 Tax, Part XIII Non-Resident Withholding Tax, and

Schedule 10

Part II.2 Tax on Repurchases of Equity

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Enter the tax year in the box above.

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Include a completed copy of this schedule with the T3 trust return.

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All references to "the guide" are to Guide T4013, T3 Trust Guide.

Part A – Calculating Part XII.2 tax and the refundable Part XII.2 tax credit

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Part XII.2 tax does not apply to graduated rate estates, mutual fund trusts, or most trusts exempt from tax under Part I. For a complete list of trusts to which
Part XII.2 tax does not apply, and for more information on completing this schedule, see Chapter 3 in the guide.

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Part XII.2 tax is calculated on income allocated by trusts to designated beneficiaries where the trust has specified income.

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We define designated beneficiary, eligible beneficiary, and specified income in the guide under "Schedule 10 – Part XII.2 Tax and Part XIII
Non-Resident Withholding Tax."

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Part XII.2 tax is due no later than 90 days after the trust's tax year-end. Trustees are personally liable for any Part XII.2 tax not paid by the due date.

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Eligible beneficiaries will receive a refundable tax credit for Part XII.2 tax that the trust paid.

Specified income

Net business income (loss) from businesses carried on in Canada (lines 6 and 7 of the T3 return)

10010

Net income (loss) from real properties (land and buildings) located in Canada (line 8 of the T3 return)

10020

Net income (loss) from timber resource properties

10030

Net income (loss) from Canadian resource properties the trust acquired after 1971

10040

Taxable capital gains and allowable capital losses from the disposition of certain properties

10050

Add lines 1 to 5.

Total specified income

Calculating Part XII.2 tax

Amounts allocated and designated to beneficiaries other than by preferred beneficiary election

Resident beneficiaries (line 928, column 1 of T3SCH9)

Non-resident beneficiaries (line 928, column 2 of T3SCH9)

Line 7 plus line 8

Subtotal

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Taxable benefits (line 26 of the T3 return)

–

Line 9 minus line 10

Adjusted amounts allocated and designated to beneficiaries

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Part XII.2 tax payable (line 6 or line 11, whichever is less)

x 40% =

Enter the amount from line 12 on line 51 of the T3 return.

Calculating Part XII.2 refundable tax credit for eligible beneficiaries

Income allocated to designated beneficiaries

x Amount from

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Divide by amount from line 11

line 12

Line 12 minus line 13

Part XII.2 refundable tax credit for eligible beneficiaries

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Enter the amount from line 14 on line 938 of T3SCH9, Income Allocations and Designations to Beneficiaries.

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If there is only one eligible beneficiary, enter the amount from line 14 in box 38 of that beneficiary's T3 slip (Part XII.2 tax credit).

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If there is more than one eligible beneficiary, see the instructions for line 14 of T3SCH10 in the guide to calculate the box 38 amount for
each eligible beneficiary.

Complete Part B on page 2 if the trust is required to submit Part XIII non-resident withholding tax.
Complete Part C on Page 3 if the trust is subject to Part II.2 Tax on Repurchases of Equity.

T3 SCH 10 E (24)

(Ce formulaire est disponible en français.)

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Protected B when completed

Schedule 10

Part B – Calculating Part XIII non-resident withholding tax

Payer's remittance No.

10200

Total income paid or payable to non-resident beneficiaries (line 928, column 2 of T3SCH9)

Adjustment for non-cash items included above(provide reconciliation) (if negative, enter in brackets)

10210

Line 15 plus line 16

Amounts paid or payable

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Amounts payable to non-resident beneficiaries that are not subject to Part XIII tax:
Taxable capital gains distributions designated as payable by a mutual fund trust

(see Note below)

10230

Distributions by certain trusts established before 1949

10240

Other (specify)

10250

Amount from line 13 in Part A

Add lines 18 to 21.

Subtotal

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–

Taxable Canadian property gains distributions for non-resident beneficiaries (see Note below)

Line 17 minus line 22, then add line 23

Amount subject to non-resident tax

Non-resident tax payable (Multiply the amount on line 24 by the appropriate tax rate. This amount has to be the same as the

amount reported on the NR4 Summary and the related NR4 slip(s).)

Amounts already remitted on Form NR-76, Non-Resident Tax Statement of Account

–

Line 25 minus line 26

Part XIII tax due

10280

Remit the Part XIII tax with your Form NR-76, NR4 Summary, and NR4 slip(s).

Notes: If the amount at line 37 is 5% or less, do not complete the rest of this area. Instead, enter the amount from line 921, column 2, of T3SCH9, on line 18
and enter "0" on line 23. If more than 5% of a mutual fund trust's taxable capital gains distributions are designated to non-resident beneficiaries (including a
partnership that is not a Canadian partnership), the trust must do a calculation for line 18 and for line 23. Enter the amount from line 43 on line 18 and the
amount from line 42 on line 23. To determine the trust's opening taxable Canadian property (TCP) gains balance at the beginning of the following year,
complete lines 44 to 47. Line 42 refers to the capital gains inclusion rate for the trust, and lines 39 and 45 refers to the reciprocal of the inclusion rate. The
trust’s capital gains inclusion rate is determined in Part 4 of T3SCH1.

TCP gains balance for the mutual fund trust

Trust's TCP gains balance at the end of the previous year (line 47 of previous year's Schedule 10. If the trust did not exceed

the 5% distribution rule, use the amount from line 33.)

Trust's capital gains from dispositions of TCP during the tax year

TCP gains distributions received by the trust during the tax year

Add lines 28, 29, and 30.

Subtotal

Trust's capital losses from TCP during the tax year

–

Mutual fund trust's TCP gains balance

Line 31 minus line 32 (if negative, indicate the negative balance)

for the year

Pro rata portion for non-resident beneficiaries

Trust's TCP gains balance for the year (line 33 above) (if negative, enter "0")

Taxable capital gains designated to non-resident beneficiaries for the tax year

Total taxable capital gains designated by the trust to all beneficiaries for the tax year

Line 35 divided by line 36

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Line 34 multiplied by line 37

Non-resident beneficiaries' pro rata portion

Non-resident beneficiaries TCP gains distribution

Amount from line 35

x Reciprocal of the inclusion rate =

Non-resident beneficiaries TCP gains distribution (enter the lesser of lines 38 and 39)

Enter the amount from line 40 as code 58 on the beneficiary's NR4 slip.

Capital gains distributions not subject to Part XIII tax

Amount from line 35

Amount from line 40

x The trust's inclusion rate =

–

Line 41 minus line 42

Capital gains distributions not subject to Part XIII tax

Enter the amount from line 42 on line 23 above, and the amount from line 43 on line 18 above.

Mutual fund trust's TCP gains balance at the end of the tax year

Trust's TCP gains balance for the year (line 33 above) (if negative, indicate the negative balance)

Amount from line 36

x Reciprocal of the inclusion rate =

Total TCP gains distributions to all beneficiaries (enter the lesser of lines 44 and 45) (if negative, enter "0")

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Trust's TCP gains balance

Line 44 minus line 46 (if negative, indicate the negative balance)

at the end of the tax year

Use the amount on line 47 when determining the trust's TCP gains balance at the beginning of next year.

T3 SCH 10 E (24)

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Protected B when completed

Schedule 10

Part C – Calculating Part II.2 Tax on Repurchases of Equity

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Use this form to calculate Part II.2 tax on repurchases of equity if you are a real estate investment trust as defined in subsection 122.1(1), a specified
investment flow-through (SIFT) trust or would be a SIFT trust (other than a mutual fund trust with a class of units in continuous distributions) if your assets
were situated in Canada, that has its units representing an income or capital interest in the trust listed on a designated stock exchange at any time in the
taxation year.

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The Part II.2 tax on repurchases of equity applies to transactions that occur after December 31, 2023 and is generally equal to 2% of the trust’s net value of
equity repurchases during the tax year.

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The terms equity, qualifying issuance, reorganization transaction, specified affiliate and substantive debt are defined in subsection 183.3(1).

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Part II.2 tax is due no later than 90 days after the trust’s tax year-end. Trustees are personally liable for any Part II.2 tax not paid by the due date.

Calculation of Part II.2 tax on redemptions, acquisitions, or cancellations

Total fair market value (FMV) of equity (other than substantive debt) redeemed, acquired or cancelled

in the tax year (see Note 1)

10300

•48

Non-equity consideration

Fill out amounts A and B if:

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the redemption, acquisition, or cancellation of equity (other than substantive debt) occurred as described in paragraph (a) of the
definition of reorganization transaction, and

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the equity holder received any consideration that is not equity consideration described in paragraph (a) of the definition of reorganization transaction.
Otherwise, enter "0" on line 49

Total FMV of trust's equity (other than substantive debt) redeemed, acquired, or cancelled in a

reorganization transaction (see Note 2) in the tax year

Total FMV of the equity consideration received by holders as consideration for the equity that
was redeemed, acquired or cancelled in a reorganization transaction in the tax year

(see Note 3)

Amount A minus amount B (if negative, enter "0")

Subtotal

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10310

•49

Line 48 plus line 49. If the amount at line 50 is less than $1 million (see Note 4); enter "0" at line 53.

Subtotal

Issuances

Total FMV of equity (other than substantive debt) issued in a qualifying issuance in the tax

year

Total FMV of equity (other than substantive debt) disposed of in the tax year by a specified

affiliate (see Note 5)

Amount C plus amount D

Subtotal

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10320

•51

Line 50 minus line 51 (if negative, enter "0")

Subtotal

Part II.2 tax on repurchases of equity (amount from line 52 multiplied by 2%)

x 2% =

Enter this amount on line 48 of the T3 return.

Note 1: Do not include equity redeemed, acquired, or cancelled in a reorganization transaction, or equity acquired from a specified affiliate that has previously
been deemed to be acquired under subsection 183.3(5) and included at line 48 in a prior tax year.

Note 2: A reorganization transaction that is described in paragraph (a) of the definition "reorganization transaction" in subsection 183.3(1).

Note 3: Only include the FMV of any equity consideration that is described in paragraph (a) of the definition reorganization transaction in subsection 183.3(1)
and received in a reorganization transaction that is described in that same paragraph.

Note 4: If the amount at line 50 is less than $1 million (prorated based on the number of days in the tax year if less than 365 days), no Part II.2 tax is payable
for the tax year.

Note 5: Applies only to equity of the trust that was previously deemed by subsection 183.3(5) to have been acquired by the trust and that was previously
included on line 48 that is disposed of in the tax year by a specified affiliate of the trust (other than to the trust or another specified affiliate of the trust).

See the privacy notice on your return.

T3 SCH 10 E (24)

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