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 T3 trust return.

Enter the Trust's taxable income from line 47 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:

$55,867 or less

more than $55,867
but not more than
$111,733

more than $111,733
but not more than
$173,205

more than $173,205
but not more than
$246,752

more than
$246,752

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

Line 6 plus line 7

Federal tax on taxable income

Trusts other than GRE and QDT

Federal tax on taxable income

Line 1

33% =

Step 2 – Federal tax

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

11080

•10

Federal recovery tax (line 27 of T3QDT-WS)

11100

•11

Labour requirements addition to tax (line 8 of T1098)

11101

•12A

Recapture of investment tax credit

11102

•12B

Add lines 10 to 12B.

Adjusted federal tax

Federal dividend tax credit

Dividend tax credit for eligible dividends:

line 24 of T3SCH8

x 54.5455% =

11108

•14

Dividend tax credit for dividends other than eligible dividends:

line 31 of T3SCH8

x 69.2308% =

11109

•15

Line 14 plus line 15

Total federal dividend tax credit

11110

►

Donations and gifts tax credit (from line 30 of T3SCH11A but not more than line 13 minus line 16 )

(if negative, enter "0")

Line 16 plus line 17

Total credits

►

–

Line 13 minus line 18 (if negative, enter "0")

Subtotal

Minimum tax carryover from previous years (line 90 of T3SCH12)

11130

–

•20

Line 19 minus line 20 (if negative, enter "0")

Basic federal tax

11150

Surtax on income not subject to provincial or territorial tax

(part of line 21 not subject to these taxes)

x 48% =

11160

•22

Line 21 plus line 22

Subtotal

Continue at line 23 on the other side.

T3 SCH 11 E(24)

(Ce formulaire est disponible en français.)

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Protected B when completed

Schedule 11

Step 2 – Federal tax (continued)

Enter the amount from line 23 on the previous page.

Federal foreign tax credit (available to resident trusts only;

attach Form T3 FFT)

11180

•24

Total federal political contributions (from official receipts)

11191

Allowable federal political contribution tax credit

(from the calculation at "Schedule 11 – Federal Income Tax, line 26" in Guide T4013)

11190

•26

Investment tax credit (from Form T2038(IND))

11200

•27

Federal logging tax credit for British Columbia

11210

•28

Federal environmental trust tax credit

11213

•29

Federal logging tax credit for Quebec

11214

•30

Add lines 24 and 26 to 30.

Total credits

►

–

Line 23 minus line 31 (if negative, enter "0")

Subtotal

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

Line 32 plus line 33

Federal tax payable

If minimum tax applies to the trust, continue the calculations on T3SCH12.
If not, enter the amount from line 34 on line 49 of the T3 return.

Refundable Quebec abatement

(see "Schedule 11 – Federal Income Tax, line 35" in Guide T4013)

line 21

x 16.5% =

Enter this amount on line 55 of the return.

See the privacy notice on your return.

T3 SCH 11 E(24)

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