`\bRevenue Canada            CALCULATION OF MINIMUM TAX              T691(E)
`\bTaxation                                                          Rev.90
`
<\'
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`* For use by individual to calculate his or her obligation to pay minimum
`  Tax under Division E.1 of the Income Tax Act for taxation year 1991
`  Trusts which may have an obligation to pay minimum tax should complete
`  Schedule 2B of the T3 return.
`
`* Minimum Tax is not applicable to returns filed under subsections 70(2) or
`  150(4) or paragraphs 104(23)(d), 128(2)(e) or a taxation year in respect
`  of which a farmer or fisherman has made an election under section 119.
`
`* Minimum Tax is not applicable to a taxpayer who died in 1991.
`
`* If you are a member of a partnership which has invested in multiple unit
`  residential property, or films, you must include your share of the income
`  and your share of the related capital cost allowance deducted in respect of
`  the property for the partnership fiscal periof ending in 1991 at areas
`  B and C below of Part I.
`
`* Any amount for which an election under ITAR 40 is made must be added at
`  line 23 below.
`
`* Attach one completed copy to your 1991 Income Tax Return.
`
` Name:  \~ A07_\;   S.I.N #: \~ A00_\;
`
' Address:  \~ A09_\;
'           \~ A11_\; \~ A13_\; \~ A14_\;
`
`EXPLANATORY NOTES
`
`  Line 2  -  The amounts to be deducted at this line are those lump sum
`             payments which are included in computing income which are
`             received
`
`               (i)   upon the death, withdrawal from the fund or plan, or
`                     termination of employment of a person
`              (ii)   upon the winding-up of the fund or plan in full
`                     satisfaction of the rights of the payee under the fund or
`                     plan
`             (iii)   to which the individual is entitled by virtue of an
`                     amendment to the fund or plan
`
`  Line 15 -  For minimum tax purposes, the non-taxable portion of capital
`             gains (except the non-taxable portion of capital gains arising
`             from mortgage foreclosures and conditional sales repossessions)
`             arising from dispositions of capital properties after 1985 is
`             included in the calculation of adjusted taxable income at line
`             15. Include an amount equal to one-third the total capital
`             gains reported on line 539 on schedule 3 of the T1 return
`             arising from 1989 capital disposition and/or reserves relating
`             to dispositions of capital property after 1985.
`
<\`  Line 20 -  A claim for "Non-capital losses of other years" (line 252 on
<\`             page 2 of the T1 return) must be  reduced for minimum tax
<\`             purposes by the portion, if any, of post-1985 non-capital
<\`             losses attributable to capital cost allowance claimed on
<\`             multiple unit residential properties (including furniture,
<\`             fixtures and equipment), films certified by Canadian Film and
<\`             videotape Certification Office, and/or resource expenditures,
<\`             resource and deletion allowances included in the loss claimed.
<\`
<\`  Line 25 -  For minimum tax purposes, the non-taxable portion of capital
<\`             gains arising from dispositions of capital property after 1985
<\`             is included in the calculation of adjusted taxable income at
<\`             line 15. You may deduct the non-deductable portion of capital
<\`             losses (except the non-taxable portion of capital gains arising
<\`             from mortgage foreclosures and conditional sales repossessions)
<\`             arising from dispositions of capital property after 1985
<\`             against the otherwise non-taxable portion of capital gains at
<\`             line 25. Include an amount equal to one-half the post-1985
<\`             capital losses claimed at line 253 of the return.
<\`
<\`  Line 28 -  If, for the 1991 taxation year, you incurred a loss from
<\`             office, employment, business or property which is not fully
<\`             applied in computing income for regular tax purposes, the
<\`             unpaid portion of the loss may be used to reduce taxable
<\`             income for minimum tax purposes at line 28. This application
<\`             does not reduce the amount of 1991 non-capital loss available
<\`             for carry-back or carry-forward to other taxation years.
<\`
<\`  Line 30 -   Net additions to taxable income at line 30 can be a negative
<\`              amount.