CCPC received T5 from TD (Box 13) => passive income and higher tax. 1. How & where to enter this Profile. 2. Is it part of S125 income? 3. How to manage RDTOH in future?

is T5 income part of total income in S125?

How to show it in Profile

Answer

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Interest income is entered (GIFI line #8092-8094, depending on the source) and then again in Schedule 7 as Canadian source property income. This will make it be taxed at a higher rate. The jacket will keep a track of RDTOH balance.

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