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How do I complete T2 Schedule 3 for T3 Dividends (Box 49) ?

I have dividends received from a Cdn Entity and I need help in completing Schedule 3 on a T2 form.

I am assuming that these are the entries on Schedule 3:

  • Column A = Entity Name
  • Dividends from a Foreign Source?  No
  • Dividends subject to Part IV tax?  Yes
  • Column F (Box 240) = Amount in Box 49 on T3
  • Column G1 (Received After 2015) = Amount in Box 49 on T3
  • Part IV tax before Deductions.  Dividends received after 2015 (Box 275) = Automatically calculated by TurboTax
  • GRIP/LRIP: Column F deduction type:  Not sure what this is?
  • GRIP / LRIP: Indicate Eligible Dividends: Do I enter the amount in Box 49 on T3?

Is this correct?  Is there a guide to completing this schedule?

Thanks for your help ! 

1 Reply

How do I complete T2 Schedule 3 for T3 Dividends (Box 49) ?

Hello,

For assistance on completing the Schedule 3 contact our support at 1-866-438-8020.  If you have questions on what values should go into which field please contact the CRA tax tip line at 1-800-267-6999.