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Schedule 4

Schedule 4 records various types of investment-related information.

To open Schedule 4, double-click on the form named "S4 - Investment" in the Form Manager.

The Schedule is broken down into the following sections:

Section I - Taxable amount of dividends from taxable Canadian corporations (see line 120 in the guide)

Note: The term "eligible" refers to eligibility for the Capital Gains Deduction. Refer to CRA for more information.

The amount forwarded to line 120 of the T1 General can derive itself from various locations:

• Taxable amount of eligible dividends on a T3 slip

  Open the form named "T3" in the return and enter an amount in boxes 23 and/or 49.

  Note: The amount in boxes 32, 39, 50 and 51 will be automatically calculated. The amounts in boxes 32 and 50 will be forwarded to line 120 on Schedule 4.

• Taxable eligible dividends on a T5 slip

  Open the form named "T5" in the return and enter an amount in boxes 10 and/or 24.

  Note: The amount in boxes 11, 12, 25 and 26 will be automatically calculated. The amounts in box 11 and 25 will be forwarded to line 120 on Schedule 4.

• Taxable amount of dividends on a T5013 slip

  Open the form named "T5013 Partnership" in the return and enter applicable amounts in boxes 51, 51-1, 51-2, 52, 52-1, and 52-2.

  The amount in box 51-1 and 52-1 will be forwarded to line 120 on Schedule 4.

• Taxable eligible dividends on a T4PS slip

  Open the form named "T4PS" in the return and enter applicable amounts in boxes 24 and/or 30.

  Note: The amount in boxes 25, 26, 31, and 32 will be automatically calculated. The amount in boxes 25 and 31 will be forwarded to line 120 on Schedule 4.

Note: There are blank lines where you can record taxable amount of dividends that would be recorded on line 120 for which you did not receive a slip. Refer to CRA for more information.

Section II - Interest and Other Investment Income (see line 121 in the guide)

The amount forwarded to line 121 of the T1 General can derive itself from various locations:

• Interest on a T5 slip

  Open the form named "T5" in the return and enter an amount in box 13.

  Note: You will also need to ensure the source of the interest income is reported under the section "Additional Information" for box 13. If the options for source do not match your situation exactly, use the closest approximation.

• Investment Income on a T5008 slip

  Open the form named "T5008 - Securities" in the return and enter appropriate details in the fields provided.

  Note: You will also need to check the box labeled "OR as investment income at line 121" under the section for "Report this transaction". This applies in cases where you are reporting debt obligations in bearer form. Refer to CRA for more information.

• Interest on a T5013 slip

  Open the form named "T5013 Partnership" in the return and enter an amount in box 50.

• See T5 supplementaries (Other)

  Open the form named "T5" in the return and enter an amount in box 14.

  Note: You will also need to ensure the source of the interest income is reported under the section "Additional Information" for box 14. If the options for source do not match your situation exactly, use the closest approximation.

• See T5 supplementaries (Royalties)

  Open the form named "T5" in the return and enter an amount in box 17.

  Note: You will also need to ensure the source of the interest income is reported under the section "Additional Information" for box 17. If the options for source do not match your situation exactly, use the closest approximation.

  Note: The box labeled "Check if the royalties are from a work or invention" must be cleared. If it is checked, the results will instead flow into line 104 of the Income Worksheet under "Other Employment Income"

• CSB/QSB interest (not reported elsewhere)

  Enter the amount in the field provided.

  Note: There is no requirement for a T5 to be issued if the total interest for the year is less than $50.

• Income from Foreign Sources (See T3 supplementaries)

  Open the form named "T3" in the return and enter an amount in box 25.

  Note: You will also need to report any appropriate details for box 25 under the section "Additional Information", as well as the form T2209, Federal Foreign Tax Credits.

  If the foreign country is not indicated on the T3, consult the financial institution that issued the T3 slip for the information. If multiple countries may apply to the amount in box 25, choose the most predominant. (In many cases but not all, this is usually the United States of America).

• Income from Foreign Sources (See T5 supplementaries)

  Open the form named "T5" in the return and enter an amount in box 15.

  Note: You will also need to report any appropriate details for box 15 under the section "Additional Information", as well as the form T2209, Federal Foreign Tax Credits.

  If the foreign country is not indicated on the T5, consult the financial institution that issued the T5 slip for the information. If multiple countries may apply to the amount in box 15, choose the most predominant. (In many cases but not all, this is usually the United States of America).

• Income from Foreign Sources (See T5013 supplementaries)

  Open the form named "T5013 Partnership" in the return and enter an amount in box 55.

  Note: You will also need to fill out the form T2209, Federal Foreign Tax Credits.

  If the foreign country is not indicated on the T5013, consult the financial institution that issued the T5013 slip for the information. If multiple countries may apply to the amount in box 55, choose the most predominant. (In many cases but not all, this is usually the United States of America).

• Other Foreign Investment Income

  Enter an appropriate description for the income for which you did not receive a slip, the amount, country, and any taxes paid on the income in the fields provided.

  Note: You will also need to fill out the form T2209, Federal Foreign Tax Credits.

  If the foreign country is not indicated on your receipt, consult the financial institution that issued the receipt for the information. If multiple countries may apply to the amount, choose the most predominant. (In many cases but not all, this is usually the United States of America).

Note: There are blank lines where you can record Investment income that would be recorded on line 121 for which you did not receive a slip. Refer to CRA for more information.

Section III - Net partnership Income (Loss) (see line 122 in the guide)

The amount forwarded to line 122 of the T1 General can derive itself from various locations:

• Deduction for Tax Shelters - Partnership Losses (See T5003)

  Open the form named "T5003 - Tax Shelters" in the return and enter an amount in box 11. Enter "122" in box 12.

  Note: This only applies if you are a limited partner of a partnership that invested in a tax shelter.

• Business Income (Loss) from a Limited or Non-Active Partnership (See T5013 supplementaries)

  Open the form named "T5013 Partnership" in the return and enter an amount in box 22.

Note: There is a blank line where you can record net partnership income that would be recorded on line 122 for which you did not receive a slip. Refer to CRA for more information.

Section IV - Carrying Charges and Interest Expenses (see line 221 in the guide)

The amount forwarded to line 221 of the T1 General can derive itself from various locations:

• Carrying Charges from T5013 Supplementary

  Open the form named "T5013 Partnership" in the return and enter an amount in box 59.

• Deduction for Tax Shelters - Carrying Charges (See T5004)

  The amount from the T5004 form can come from two sources:

  • Carrying Charges from a T5003

    Open the form named "T5003 - Tax Shelters" in the return and enter an amount in box 10.

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• Safety Deposit Box Rental

  Enter the appropriate amount in the field provided. Refer to CRA for more information.

• Interest Expense on Money Borrowed to Earn Interest, Dividend and Royalty Income

  Enter the appropriate amount in the field provided. Refer to CRA for more information.

• Interest Expense on Money Borrowed to Acquire an Interest in a Limited Partnership in which You Are Not an Active Partner

  Enter the appropriate amount in the field provided. Refer to CRA for more information.

• Carrying Charges on Film or Video Tape

  Enter the appropriate amount in the field provided. Refer to CRA for more information.

• Carrying Charges on Resource Properties

  Enter the appropriate amount in the field provided. Refer to CRA for more information.

• Legal Fees You Paid Relating to Support Payments

  Enter the appropriate amount in the field provided. Refer to CRA for more information.

Note: There are blank lines where you can record carrying charges and interest expenses that would be recorded on line 221 for which you did not receive a slip. Refer to CRA for more information.