T1 Return

T1
1

I am doing a T1 return for 2019 and have a T5013 that has an amount in box 202 what do I do with this amount

2

We had a similar question posted a few years back on the Profile forum. One of the tech support staff posted this reply:

“Boxes 202 & 203 relate to Tax shelter. You will likely need to fill the form T5004.
For further information, you can visit:
http://www.cra-arc.gc.ca/E/pub/tg/t5013-inst/t5013-inst-e.html
Or please contact CRA, as they will be best to advise where to enter those amounts.”

Hope this helps.

3

Hi Gerry

What line on the T1 tax return would something in box 202 on the T5013 go?

Thanks,

Joanna

4

It doesn’t go anywhere on the T1
Box 202 is the unit cost (ACB per unit) of the investment.
I believe it is mainly used to determine a partner’s “at-risk” amount when determining the maximum amount of loss a limited partner can claim on a tax shelter. Loosly speaking, you can not claim losses in excess of your “at-risk” amount, or the amount you have invested.