T184 - fill out and auto calculate/complete form online

Canada Revenue
Agency

Agence du revenu
du Canada

Capital Gains Refund to a Mutual Fund Trust

•

Use this form to claim a capital gains refund for a mutual fund trust for the 2024 tax year.

•

Send a completed copy of this form with your Form T3 RET, T3 Trust Income Tax and Information Return.

•

Contents

Section 1 – Federal calculation

Section 2 – Calculation for most provinces and territories

Section 3 – Calculation for Ontario

Section 4 – Calculation for Manitoba

Section 5 – Calculation for Alberta

Section 6 – Total capital gains refund for 2024

•

If the trust earned income in more than one province or territory:

–

For Section 2, use a worksheet to do your calculations for each province or territory. The amount you enter on line 1 of Section 2 for each province or
territory is the amount from line 22 of Section 1, multiplied by the proportion of the trust's total income for the year, which was earned in that province or
territory. After you complete all the calculations, enter the total provincial and territorial refund on line 3. Attach your worksheet to this form.

–

For Ontario, Manitoba, and Alberta, complete Section 3, 4, or 5 (whichever applies). Multiply the amounts of taxable income for the year, the taxed capital
gains for the year, and the capital gains redemptions by the proportion of the trust's income earned in the province for the year.

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If you are a specified investment flow-through trust, go to canada.ca/cra-sift-trust.

T184 E (24)

(Ce formulaire est disponible en français.)

Page 1 of 5

Protected B when completed

Section 1 – Federal calculation

Federal refundable capital gains tax on hand

Taxable income for the year

(line 47 of the T3 return)

x 33% =

Taxed capital gains for the year
(paragraph 130(3)(b) of the Income

Tax Act)

84000

x 33% =

•b

Federal tax payable for the year (line 34 of T3SCH11)

Refundable capital gains tax on hand at the end of the previous year (line 5 of previous year's Form T184)

84001

•1

Enter whichever amount is the least: line a, b, or c above.

84002

Line 1 plus line 2

Subtotal

Federal capital gains refund calculated for the previous tax year (line 22 of previous year's Form T184)

84004

–

•4

Refundable capital gains tax on hand (line 3 minus line 4)

84005

Federal capital gains redemptions

Amount from line 5

x 100 ÷ (The inclusion rate for the trust 0.5

x 16.5%) =

Fair market value of all issued units

84007

•7

All debts owing

84008

•8

Line 7 plus line 8

Subtotal

Cost amount of all property

84010

•10

Cash on hand

84011

•11

Line 10 plus line 11

Subtotal

►

–

Line 9 minus line 12 (if negative, enter "0")

Subtotal

►

Line 6 plus line 13

Net total at the end of the year

Amount paid in the year to redeem units included in the proceeds of disposition of the redemption

84015

•15

Capital gains redemptions

Amount from line 15 multiplied by amount from line 14

Amount from line 15 plus the amount from line 7

Line 16 divided by line 17

Subtotal

Amount designated to beneficiaries from

units redeemed.

84021

x 2 =

–

•19

Line 18 minus line 19

Capital gains redemptions

84045

Federal capital gains refund

Amount from line 20

x (The inclusion rate for the trust 0.5

x 16.5%) =

Federal capital gains refund for the year (amount from line 5 or line 21, whichever is less)

84050

Section 2 – Calculation for most provinces and territories

Provincial and territorial rates

Newfoundland and Labrador

58.00%

British Columbia

62.12%

Nova Scotia

57.50%

Northwest Territories

42.58%

New Brunswick

57.00%

Yukon

42.67%

Prince Edward Island

57.50%

Nunavut

34.85%

Saskatchewan

43.94%

Amount from line 22 of Section 1

Provincial or territorial rate

Provincial or territorial capital gains refund (line 1 multiplied by line 2)

84051

Separate calculations are required for Ontario, Manitoba, and Alberta. See pages 3 and 4.

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Page 2 of 5

Protected B when completed

Section 3 – Calculation for Ontario

Ontario refundable capital gains tax on hand

Note:

A legislative change affects the calculation of refundable tax on hand at the end of 2008. As a result, all Ontario mutual fund trusts with a balance of
refundable tax on hand at the end of 2008 must complete Form T184 for 2009. If the trust has not filed the 2009 form, complete Section 3 and Chart 1 of the
2009 version of Form T184 before you complete the 2010 and later versions of that form.

Taxable income for the year (line 47 of the T3 return)

x 20.53% =

Taxed capital gains for the year

(line 84000 of Section 1 on page 2)

x 20.53% =

Ontario tax payable for the year (line 24 minus line 29 of Form T3ON)

Enter whichever amount is the least: line 1a, 1b, or 1c above

84100

Ontario refundable capital gains tax on hand for 2023

(line 5 of Section 3 of 2023 Form T184)

84102

•2a

2023 Ontario capital gains refund (line 7 of Section 3 of 2023 Form T184)

84103

–

•2b

Line 2a minus line 2b

Additional refund of basic tax in 2023 (line 12 of Section 3 of 2023 Form T184)

84104

–

•3

Basic tax on hand at the end of 2023 (line 2c minus line 3)

►

Ontario refundable capital gains tax on hand for 2024 (line 1 plus line 4)

84105

Ontario capital gains refund

Amount from line 20 of Section 1

x 10.265% =

Ontario capital gains refund of basic tax (amount from line 5 or line 6, whichever is less)

84107

If the amounts on lines 5 and 22 of Section 1 are the same, the trust may get an additional capital gains refund. Complete lines 8 to 18 to calculate
the additional refund. If amounts are different, go to line 18 and enter 0 on lines 12 and 17.

Ontario additional refund of basic tax

Ontario refundable capital gains tax on hand from line 5

Ontario capital gains refund of basic tax from line 7

Additional refunds of basic tax before 2009 (line 10 of Section 3 of 2023 Form T184)

84116

•10

Subtotal (line 9 plus line 10)

►

–

Ontario additional refund of basic tax (line 8 minus line 11; if negative, enter "0")

84117

Ontario additional refund of surtax

Amount from line 13 of Section 3 of 2023 Form T184

84120

•13

Ontario capital gains refunds of surtax for the years 1996 to 2015

Line 23 of Form T184 for years 1996 to 1999

Line 8 of Section 3 of Form T184 for years 2000 to 2008

Line 12 of Section 3 of Form T184 for years 2009 to 2015

Subtotal (add lines A, B, and C)

84122

►

•14

Additional refunds of surtax for years 2000 to 2008 (total
of all amounts in column B of Chart 1, on page 5 of 2009

Form T184)

Additional refunds of surtax for years 2009 to 2015

(line 26 of Section 3 of Form T184 for years 2009 to 2015)

Additional refunds of surtax for years 2016 to 2023

(line 17 of Section 3 of Form T184 for years 2016 to 2023)

Subtotal (add lines D, E, and F)

84124

►

•15

Subtotal (add lines 14 and 15)

►

–

Ontario additional refund of surtax (line 13 minus line 16)

84126

Total Ontario capital gains refund

Total Ontario capital gains refund (add lines 7, 12, and 17)

84115

T184 E (24)

Page 3 of 5

Protected B when completed

Section 4 – Calculation for Manitoba

Manitoba refundable capital gains tax on hand

Taxable income for 2024 (line 47 of the T3 return)*

Taxed capital gains for 2024 (line 84000 of Section 1 on page 2)*

Enter the amount from line A or line B, whichever is less

x 17.4% =

Manitoba tax payable for 2024 (line 30 of Form T3MB)

Enter the amount from line 1 or line 2, whichever is less

84403

Total of refundable capital gains tax from previous years (line 5 of Section 4 of 2023 Form T184)

84404

•4

Subtotal (line 3 plus line 4)

Capital gains refunds after 2000:

Amount from line 8 of Section 4 of 2023 Form T184

Amount from line 11 of Section 4 of 2023 Form T184

Total of Manitoba capital gains refunds after 2000 (line 6 plus line 7)

84408

►

–

•8

Refundable capital gains tax on hand (line 5 minus line 8)

Manitoba capital gains refund

Federal capital gains redemptions (amount from line 20 of Section 1)*

x 8.7% =

Manitoba capital gains refund (amount from line 9 or line 10, whichever is less)

84307

Multiply the amount by the proportion of the trust's Manitoba income for that year if:

• the trust has earned income in more than one province or territory

• it has no taxable income for the year, and

• its total income for the year were $1,000

Section 5 – Calculation for Alberta

Alberta refundable capital gains tax on hand

Refundable capital gains tax on hand at the end of the previous tax year

(amount from line 8 of Section 5 of 2023 Form T184)

84204

•1

Taxable income for the year (line 47 of the T3 return)

x 15% =

Taxed capital gains for the year

(line 84000 of Section 1 on page 2)

x 15% =

Alberta tax payable for the year (line 25 of Form T3AB)

Enter whichever amount is the least: line 2, 3, or 4

84205

Subtotal (line 1 plus line 5)

Provincial capital gains refund calculated for the previous tax year (amount from line 19 of Section 5 of 2023 Form T184)

84209

–

•7

Refundable capital gains tax on hand (line 6 minus line 7)

84210

Alberta capital gains redemptions

Amount from line 8

x 100 ÷ 7.5 =

Amount from line 13 of Section 1 on page 2

Net total at the end of the year (line 9 plus line 10)

84211

Capital gains redemptions

Amount from line 15 of Section 1 on page 2

x line 11 =

Line 17 of Section 1 on page 2

Subtotal (line 12 divided by line 13)

Amount designated to beneficiaries from units redeemed from field 84021 (in section 1 on page 2) multiplied by 2

–

Subtotal (line 14 minus line 15)

Alberta rate

x 7.5%

Capital gains redemptions (line 16 multiplied by the rate on line 17)

84218

Alberta capital gains refund for the year (amount from line 8 or line 18, whichever is less)

84203

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Page 4 of 5

Protected B when completed

Section 6 – Total capital gains refund for 2024

Federal capital gains refund (line 22 of Section 1)

Capital gains refunds for most provinces and territories (line 3 of Section 2)

Ontario capital gains refund (line 18 of Section 3)

Manitoba capital gains refund (line 11 of Section 4)

Alberta capital gains refund (line 19 of Section 5)

Add lines 1 to 5.

Total capital gains refund

Enter the amount from line 6 on line 59 of the T3 return.

Send a completed copy of this form with your T3 Trust Income Tax and Information Return.

See the privacy notice on your return.

T184 E (24)

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