WebImportant: The CRA/Revenu Québec have discontinued the NETFILE service for 2016 returns. You can file your 2016 return(s) by mail only. SUPPORT. You've got questions. We've got the answers. ... Since you entered an amount in box 21, 24, 25, 33, and/or 34 on the T3 page, you need to select the country you received foreign income from or paid ... WebA T3 slip is used to report trust income such as distributions paid out by mutual fund trusts. I like to call Box 42 the "mystery box." If you've attempted to complete your tax return on …

Box 42 -- what are you? ROC explained - Jamie Golombek

WebFeb 18, 2024 · If enter $100 in box 25 and $25 in box 34-investment on a T3, this is what happens. The foreign tax credits screen changes the category to other. ... If a section … WebA T3 return must be filed when a trust does not have tax payable, however the trust holds property that is subject to subsection 75 (2) and from which the trust received income, … helper t function

Where do I report return of capital and how does it affect

WebBox 25 Foreign non-business income $100.00 Part II of Schedule 4 – Statement of Investment Income Box 26 Other income $185.00 Line 121, or Part II of Schedule 4 – … WebMay 16, 2015 · I'm trying to report information from a T3 on my US taxes. I don't understand what box 25 and 42 are. The description for box 25 says "Foreign non business income" The description for box 42 says "Amount resulting in cost basis adjustment -This amount represents a distribution or return of capital from the trust." WebTo enter the amount of income from foreign non-business source appearing in Box 25 of the T3 slip, please follow these steps:. 1- On the "Left side menu on the Interview tab", select "Interview setup".2- On the right-hand side of the screen, go to the "Investment income and expenses" group, check the box for "Interest, investment income and carrying … laminate floor cutting with razor