T3-Schedule 4 - fill out and auto calculate/complete form online

Protected B when completed

T3 –

Cumulative Net Investment Loss

Schedule 4

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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 trust's return.

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The cumulative net investment loss (CNIL) is the trust's total investment expenses for years ending after 1987, minus the trust's total investment income for
years ending after 1987. For purposes of the CNIL, investment income and expenses generally mean income and expenses for property including
dividends, interest, rental income, and royalties.

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Complete this schedule if the trust is a personal trust that has qualified farm or fishing property or qualified small business corporation shares, is reporting
any investment income, or claiming any investment expenses, and is :

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designating taxable capital gains from qualified farm or fishing property, qualified small business corporation shares, or reserves on these properties to
an individual beneficiary.

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Trusts with qualified farm or fishing property or qualified small business corporation shares should complete this schedule each year
and keep it with the trust's records. Do this even for years when the trust is not reporting capital gains or losses, and is not designating eligible taxable
capital gains to its beneficiaries. The balance in the trust's CNIL account is a cumulative total. You need the total of the trust's investment income and
expenses for 1988 and later years to calculate eligible taxable capital gains on T3SCH3, Eligible Taxable Capital Gains.

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The CNIL calculated on line 28 of this schedule will reduce the trust's cumulative gains limit calculated on T3SCH3. This may reduce the trust's eligible
taxable capital gains that qualify for the capital gains deduction.

Investment expenses

Investment expenses claimed in the year

Carrying charges and interest expenses (line 15 of the T3 return)

Accounting fees (do not include amounts included above as a carrying charge)

4020

Trustee fees against any property income

4030

Foreign taxes on property (deducted under subsection 20(11) or 20(12))

4040

Debt obligations under subsection 20(21)

4050

Net rental losses (amount shown as a loss on line 8 of the T3 return)

Share of partnership's net loss other than allowable capital losses (see Note 1), plus loss from a limited

partnership deducted by the trust

4070

Other property expenses not included above (see Note 2)

4080

Net capital losses of other years deducted in the year (line 35 of the T3 return)

Amount from line 9 of T3SCH3

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Line 9 minus line 10 (if negative, enter "0")

Subtotal

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Add lines 1 to 8 and line 11.

Total investment expenses claimed in the year

4112

Total investment expenses claimed in previous years (line 14 of previous year's T3SCH4)

4130

Line 12 plus line 13

Cumulative investment expenses

4140

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Note 1

Only a specified member should report a share of a partnership's net loss excluding allowable capital losses. A specified member is generally a
limited partner or a partner who is not actively engaged in a partnership business (other than financing that business), or in a similar business outside
of the partnership.

Note 2

Other property expenses can include:

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50% of resource and exploration expenses renounced by a corporation, or incurred by a partnership, while the trust was a specified member

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expenses to buy or sell units, interests, or shares, or to borrow money

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repayments of inducements

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repayments of refund interest

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the uncollectible portion of proceeds from dispositions of depreciable property, except passenger vehicles that were not, at any time, designated
immediate expensing property and that cost more than:

– $30,000 for vehicles acquired prior to 2022

– $34,000 for vehicles acquired in 2022

– $36,000 for vehicles acquired in 2023

– $37,000 for vehicles acquired in 2024 and later years

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sale or agreement for sale or mortgage included in proceeds of disposition in a previous year under subsection 20(5)

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life insurance premiums deducted from property income

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capital cost allowance claimed on certified films and videotapes

T3 SCH 4 E (24)

(Ce formulaire est disponible en français.)

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Protected B when completed

Schedule 4

Investment income

Enter the cumulative investment expenses from line 14 on the previous page.

Investment income reported in the year

Taxable income from eligible dividends

(line 2 of T3SCH8)

1.38 =

Taxable income from dividends other than eligible

dividends (line 1 of T3SCH8)

1.15 =

Foreign investment income (line 4 of the T3 return)

Other investment income (line 5 of the T3 return)

Net rental income (line 8 of the T3 return)

Specified member's share of partnership's net income other than taxable capital gains

(see Note 3)

4250

Other property income (see Note 4)

4260

Taxable capital gains (losses) for the year (line 5 of T3SCH3)

Amount from line 6 of T3SCH3, if applicable

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Line 22 minus line 23 (if negative, enter "0")

Subtotal

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Add lines 15 to 21 and 24.

Total investment income reported in the year

4300

Total investment income reported in previous years (line 27 of previous year's T3SCH4)

4310

Line 25 plus line 26

Cumulative investment income

4320

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Line 14 minus line 27 (if negative, enter "0")

Cumulative net investment loss

4330

Enter the amount of line 28 on line 21 of T3SCH3.

Note 3

A specified member is generally a limited partner, or is a partner who is not actively engaged in a partnership business (other than financing that business),
or in a similar business outside of the partnership.

Note 4

Other property income can include:

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recaptured capital cost allowance related to property income, including insurance proceeds (other than amounts included on line 19)

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AgriInvest Fund 2 payments received (line 9 of the T3 return). See "Line 9" under Chapter 2 in Guide T4013, T3 Trust Guide

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home insulation or energy conversion grants under paragraph 12(1)(u)

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payments received as an inducement or reimbursement

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income from the appropriation of property to a shareholder

See the privacy notice on your return.

T3 SCH 4 E (24)

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