After several calls and a couple of hours talking to Senior level agents at CRA, we have some answers. Firstly this type of income is (not active business income) as such is not allowed the small business deduction or any other federal rate reductions for that matter. For T5 Eligible Dividends box 24 from a non connected Canadian corp. Schedule 3 Column A, B and F will ensure "Profile" deals with these amounts are dealt with in the appropriate manner. Entered by individual corporation of course so I hope your financial guys sent appropriate back up details cu z its a pain. Part IV tax = yes providing the corp is a private corporation and or a ccpc. This ensures the Part IV gets hooked up to the payable and builds the RDTOH account up so the corp can get the P IV tax back when it declares and pays a dividend. Puts a whole new wrinkle in the salary dividend mix for owners eh.... For T5 Interest Box 13, Other Income Box 14 and Foreign Income Box 15 (all passive income), Schedule 7 in profile, filled in at the top under "Details of property income (losses)" The lines under Interest and Property Income will fill the lower parts of the schedule.
T3's as far as I could gather Box 26 Other income, Schedule 7 as above in Details but the line above the Interest and property income. Business income received from a Trust blah blah blah......
T3 Capital Gains, Schedule 6 Part 4 Other Properties is where cra told me to put it. Some over riding of Profile may have to be done depending on info details.
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