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T3-2023 Investment Income, Carrying Charges, and
Gross-Up Amount of Dividends Retained by the Trust
Protected B when completed
Schedule 8
 
 •  Enter the tax year in the box above
 •  Include a completed copy of this schedule with the trust's return.
 
 
Part A – Calculating investment income and carrying charges
 
 
 •  Include any information slips received.
 •  Enter the names of the payers on the appropriate lines below. If there is not enough space, attach a separate sheet.
 •  Include amounts credited through agencies such as banks, trust companies, and brokers.
 
  Actual amount of dividends from taxable Canadian corporations
  Actual amount of dividends other than eligible dividends from taxable Canadian corporations (box 23 of T3 slip or box 10 of T5 slip) 8110 1
     
  Actual amount of eligible dividends from specified taxable Canadian corporations (box 49 of T3 slip or box 24 of T5 slip) 8120 + 2
  Total of the actual amount of dividends from taxable Canadian corporations (line 1 plus line 2)   = 3
         
  Enter the amount from line 3 on line 3 of the T3 return.
 
  Foreign investment income
  Interest from foreign sources   4
  Other foreign investment income   + 5
  Total foreign investment income (line 4 plus line 5)   = 6
         
  Enter the amount from line 6 on line 4 of the T3 return.
 
  Other investment income
  Interest: Bonds, trust companies, banks   7
  Other deposits   + 8
  Mortgages, notes, and other securities   + 9
  Other dividends (including dividends received under a dividend rental arrangement)   + 10
  Other   + 11
  Total other investment income (add lines 7 to 11)   = 12
         
  Enter the amount from line 12 on line 5 of the T3 return.
 
  Carrying charges and interest expenses
  Interest on money borrowed to earn investment income 8160 13
  Management, safe custody, or accounting fees 8170 + 14
  Investment counsel fees under paragraph 20(1)(bb) 8180 + 15
  Other 8190 + 16
  Total carrying charges and interest expenses (add lines 13 to 16)   = 17
         
  Enter the amount from line 17 on line 14 of the T3 return.
 
 
 
Part B – Calculating the gross-up amount of dividends retained or not designated by the trust
 
 
  Total eligible dividends reported before applying expenses (line 2 above)   18  
  Eligible dividends designated to beneficiaries (line 949, Part A of Schedule 9)   19  
  Total eligible dividends not designated by the trust (line 18 minus line 19)   = 20  
  Eligible dividends allocated, but not designated, to non-resident beneficiaries (eligible dividends
  from line 926, Column 2 of Schedule 9) 8239 21  
  Total eligible dividends available for gross-up (line 20 minus line 21)   = 22  
  Multiply line 22 by 38%   x               38% 23  
  Gross-up amount of eligible dividends retained or not designated by the trust   = 24
  Total dividends other than eligible dividends reported before applying expenses (line 1 above)   25  
  Dividends other than eligible dividends designated to beneficiaries (line 923, Part A of Schedule 9)   26  
  Total dividends other than eligible dividends not designated by the trust (line 25 minus line 26)   = 27  
  Dividends other than eligible dividends allocated, but not designated to non-resident beneficiaries
  (dividends other than eligible dividends from line 926, Column 2 of Schedule 9) 8240 28  
  Total dividends other than eligible dividends available for gross-up (line 27 minus line 28)   = 29  
  Multiply line 29 by 15%   x               15% 30  
  Gross-up amount of dividends other than eligible dividends retained or not designated by the trust   = + 31
  Total gross-up amount of dividends retained or not designated by the trust (line 24 plus line 31)   = 32
         
  Enter the amount from line 24 on line 13 of Schedule 11, Federal Income Tax. Enter the amount from line 31 on line 14 of Schedule 11.
Enter the amount from line 32 on line 18 of Schedule 12, Minimum Tax, if applicable, and on line 30 of the T3 return.
 
See the privacy notice on your return.
 
T3 SCH 8 E (23) (Ce formulaire est disponible en français.) Page 1 of 1 Canada Logo