T1134B Form PDF Details

The intricacies of managing and reporting the financial affairs of controlled foreign affiliates are detailed in Canada's T1134B form, presenting a comprehensive framework aiming to ensure transparency and adherence to the Income Tax Act's stipulations. Businesses and individuals with international ties, specifically involving controlled foreign affiliates, are required to navigate through the meticulous process of filing separate returns for each affiliate, excluding those deemed "dormant" or "inactive." This form delves into the resolution of various reporting issues, from identifying the taxpayer and detailing the foreign affiliate's general information to specifying their group structure and providing financial as well as surplus account information. Additionally, it extends into the nature of income, highlighting the compositions of revenue and foreign accrual property income that paint a detailed picture of a foreign affiliate’s financial health. Critical to this process is the certification of the accuracy and completeness of the information provided, emphasizing the legal obligation to present true and thorough documentation. This detailed reporting mechanism not only aids in the proper assessment of tax liabilities but also in maintaining the integrity of Canada's taxation system by monitoring the international activities of its tax residents. By adhering to these requirements, taxpayers can navigate complex cross-border tax obligations, ensuring compliance and facilitating a transparent international tax environment.

QuestionAnswer
Form NameT1134B Form
Form Length8 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min
Other namest1134 form, t1134 fillable, t1134b filing instructions, canadian foreign entity classification

Form Preview Example

Canada Customs

Agence des douanes

INFORMATION RETURN RELATING TO CONTROLLED FOREIGN AFFILIATES

and Revenue Agency

et du revenu du Canada

Do not use this area

λA separate return must be filed for each controlled foreign affiliate (including a non-resident non-discretionary trust deemed to be a controlled foreign affiliate under paragraph 94(1)(d) of the Income Tax Act).

λDo not file a return for "dormant" or "inactive" foreign affiliates. Refer to the attached instructions for the definition of dormant or inactive foreign affiliates.

λReferences on this return to the foreign affiliate or the affiliate refer to the foreign affiliate in respect of which the reporting taxpayer is filing this return.

λIf you are reporting on a partnership, references to year or taxation year should be read as fiscal period and references to taxpayer should be read as partnership.

λIf you need more space to report information, you can use attachments.

λUnless otherwise noted, all amounts should be in Canadian dollars.

Part I – Identification

Section 1 – Reporting taxpayer information

Tick a box to indicate who you are reporting for, and complete the areas that apply.

 

 

individual

First name

Last name

 

 

 

Initial

 

 

Social insurance number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

corporation

Corporation's name

 

Business Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

R

C

 

 

 

 

 

 

 

 

trust

Trust's name

 

 

 

 

 

 

Account number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

T

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

partnership

Partnership's name

 

 

 

 

 

 

Partnership's identification number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reporting taxpayer's address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No.

Street

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Postal code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

Province or territory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

Month

 

Day

 

 

 

 

Year

 

Month

Day

For what taxation year are you filing this return?

or from

to

Is this the first time that the reporting taxpayer has filed form T1134 for this foreign affiliate?

Yes

No

Total number of T1134's filed by the reporting taxpayer for this taxation year.

Section 2 – Group structure – Attach a separate page with the following information

List the name and country of residence of each corporation (other than another foreign affiliate of the reporting taxpayer) that is related to the reporting taxpayer and that has an equity percentage (as defined in subsection 95(4) of the Act) in the foreign affiliate.

If the reporting taxpayer is a partnership, list the name and address of each member of the partnership.

List the name and country of residence of each other foreign affiliate of the reporting taxpayer that has an equity percentage in the foreign affiliate.

List the name and country of residence of each other controlled foreign affiliate of the reporting taxpayer in which the foreign affiliate has an equity percentage and of each

lnon-controlled foreign affiliate of the reporting taxpayer in which the foreign affiliate has a direct equity percentage. List the name and address of each partnership of which the foreign affiliate is a member.

Note: You can satisfy the above requirements by submitting a group organizational chart that includes the requested information. You only have to file one organizational chart

for a group of persons that are related to each other.

Name

Identify the reporting taxpayer filing the organizational chart for the related group.

Part II – Foreign Affiliate Information

Section 1 – General information

A. Identification of foreign affiliate

Name

 

 

 

 

 

 

Address of head office

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Identification number (optional) (see filing instructions)

 

 

 

 

 

C

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(country code)

 

 

 

(assigned number)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year in which the corporation or trust became

 

 

Year

Did the corporation or trust cease to be a foreign affiliate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

 

 

 

 

 

 

 

 

a foreign affiliate of the taxpayer

 

 

 

 

 

 

of the reporting taxpayer in the year?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specify the principal activities of the foreign affiliate. (Enter the appropriate standard industrial code(s) from the list in the instructions.)

 

 

 

 

 

 

 

 

 

 

 

 

Standard industrial code(s):

1

 

 

 

 

2

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

T1134-B E (99)

 

 

 

 

 

(Ce formulaire existe en français.)

 

 

 

 

 

 

 

3901

 

 

 

 

 

 

 

 

 

 

PAGE 1 OF 8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specify the countries or jurisdictions in which the foreign affiliate carries on a business or other income earning activity. (Enter the appropriate country code(s) from the list in the

instructions.) Country code(s):

1

2

3

4

Specify the countries or jurisdictions in which the foreign affiliate carries on business through a permanent establishment. (Enter the appropriate country code(s) from the list in

the instructions.) Country code(s):

1

2

3

4

Country or jurisdiction of residence of the foreign affiliate. (Enter the appropriate country code from the list in the instructions.) Country code:

B. Capital stock of foreign affiliate (including a paragraph 94(1)(d) trust)

(i)

 

Number and book cost of shares

Description of shares of the foreign affiliate's capital stock owned by the reporting taxpayer

 

 

 

 

 

End of year

 

 

No.

 

Cost

 

 

 

 

 

Total

00

00

00

——00

00

——00

(ii)Description of shares of the foreign affiliate's capital stock owned by a controlled foreign affiliate of the reporting

taxpayer or other person related to the reporting taxpayer

No.

Total

C. Other information

Number and book cost of shares

End of year

Cost

 

Canadian $ (if available)

Foreign currency*

 

Currency code

 

00

 

00

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

00

 

00

 

 

 

 

——00

 

——00

 

 

 

 

 

 

 

 

00

 

00

 

 

 

 

——00

 

 

 

 

 

 

 

——00

 

 

 

(i)

What was the reporting taxpayer's equity percentage in the foreign affiliate at the beginning of the reporting taxpayer's taxation year?

 

 

 

 

%

 

 

 

 

 

 

 

 

(ii)

What was the reporting taxpayer's equity percentage in the foreign affiliate at the end of the reporting taxpayer's taxation year?

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

(iii)

If the Act were read without paragraph 95(2.2)(a), would the reporting taxpayer have a qualifying interest in the foreign affiliate:

 

 

 

 

 

 

 

 

 

(a) at the beginning of the reporting taxpayer's taxation year?

 

 

 

 

 

 

Yes

 

 

No

 

 

 

(b) at the end of the reporting taxpayer's taxation year?

 

 

 

 

Yes

 

 

No

 

 

 

 

 

 

(iv) Was the foreign affiliate indebted to the reporting taxpayer at any time during the reporting taxpayer's taxation year?

Yes

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(v)

If yes, specify the gross amount of debt the affiliate owed to the reporting taxpayer at the end of the reporting taxpayer's taxation year:

 

 

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

Section 2 – Financial information of the foreign affiliate (including a paragraph 94(1)(d) trust)

For each tax year of the foreign affiliate ending in the reporting taxpayer's taxation year, provide the following information in respect of the affiliate:

Attached (tick)

λ unconsolidated financial statements or, if unavailable, the financial information that is available to you as a shareholder

Yes

No

 

 

 

 

 

Canadian $ (if available)

 

Foreign Currency*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

λ accounting net income before tax

 

 

 

 

 

 

 

 

 

—00

 

 

 

 

—00

λ income or profits tax paid or payable on income

 

 

 

 

 

 

 

 

 

—00

 

 

 

 

—00

λ country to which income or profits tax was paid or payable

1

 

 

 

2

 

 

 

3

 

 

 

 

4

 

 

 

(Enter appropriate country code(s) from the list in the instructions.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

λ currency code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*If financial information is reported in a foreign currency, provide the appropriate currency code from the list in the instructions.

 

 

 

 

 

 

 

 

 

PAGE 2 OF 8

Section 3 – Surplus accounts

1.Did the reporting taxpayer, at any time in the taxation year, receive a dividend on a share of the capital stock of the foreign affiliate for which an amount is deductible from the income of the reporting taxpayer under subsection 91(5) or section 113 of the Act?

Yes

 

No

 

If yes, provide amount of dividend.

00

If yes, and the reporting taxpayer is a corporation, the reporting taxpayer must provide summary calculations of the exempt surplus, exempt deficit, taxable surplus, taxable deficit, and underlying foreign tax of the foreign affiliate at the end of the affiliate's last taxation year ending in the reporting taxpayer's taxation year in support of the dividend deduction claimed. Documentation supporting these calculations need not be filed but should be retained as it may be requested for examination. Surplus calculations should be made in the calculating currency under Regulation 5907(6).

From what surplus account was the dividend paid ? Exempt

Taxable

Pre-acquisition

2. Was a subsection 93(1) election made or will such an election be made for the disposition of shares of the foreign affiliate in the year?

Yes

No

If yes, provide the actual or estimated amount elected on.

00

3.At any time in the taxation year of the reporting taxpayer, was the reporting taxpayer or any foreign affiliate of the reporting taxpayer involved in a corporate or other organization, reorganization, amalgamation, merger, winding-up, liquidation, dissolution, division, or an issuance, redemption, or cancellation of share capital or a similar transaction in a manner that affected the exempt surplus, exempt deficit, taxable surplus, taxable deficit, or underlying foreign tax of the affiliate for the reporting taxpayer?

Yes

No

4.At any time in the taxation year of the reporting taxpayer, did the reporting taxpayer or another foreign affiliate of the reporting taxpayer acquire or dispose of a share of the capital stock of the foreign affiliate?

Yes

 

No

 

If the answer to either question 3 or 4 is yes, provide a summary description of each transaction or event.

Part III – Nature of Income

Section 1 – Employees per business

How many full-time employees or employee equivalents (as described in subparagraph (b)(ii) of the investment business definition in subsection 95(1) of the Act) on a business by business basis, did the foreign affiliate employ throughout each taxation year of the affiliate ending in the reporting taxpayer's taxation year?

(Enter the appropriate standard industrial code(s) from the list in the instructions and tick the appropriate box or boxes.)

Business

Number of full-time employees or employee equivalents

 

 

 

 

 

 

 

 

Less than 6

Between 6 and 15

More than 15

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 2 – Composition of revenue

 

 

 

 

 

 

Give the amount of the foreign affiliate's gross revenue from a business or property for each of the affiliate's taxation years ending in the reporting taxpayer's taxation year, derived from each of the following sources. (Tick appropriate box or boxes.)

 

Source

 

 

 

 

 

 

Foreign affiliate's gross revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(i)

Interest

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Dividends

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(iii)

Royalties

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(iv) Rental and leasing activities

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(v) Loans or lending activities

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(vi) Insurance or reinsurance of risks

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(vii) Factoring of trade accounts receivable

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(viii) Disposition of investment property

less than $25,000

$25,000 to $100,000

$100,000 to $500,000

$500,000 to $1 million

more than $1 million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PAGE 3 OF 8

Section 3 – Foreign accrual property income (FAPI)

(i)

Did the foreign affiliate earn FAPI in any taxation year of the affiliate that ended in the reporting taxpayer's taxation year?

Yes

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

If yes, give the reporting taxpayer's total participating percentage for the foreign affiliate for that year

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Also, give the amount of FAPI the affiliate earned that year in respect of each of the following:

 

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

(iii)

FAPI that is income from property under subsection 95(1) of the Act

 

 

 

 

 

 

00

(iv)

FAPI from the sale of property under paragraph 95(2)(a.1) of the Act

 

 

 

 

 

 

00

(v)

FAPI from the insurance or reinsurance of risks under paragraph 95(2)(a.2) of the Act

 

 

 

 

 

 

00

(vi)

FAPI from indebtedness and lease obligations under paragraph 95(2)(a.3) of the Act

 

 

 

 

00

 

 

 

 

(vii)

FAPI from indebtedness and lease obligations under paragraph 95(2)(a.4) of the Act

 

 

 

 

 

 

 

 

 

 

00

(viii) FAPI from providing services under paragraph 95(2)(b) of the Act

 

 

 

 

00

 

 

 

 

— —

(ix)

FAPI from the disposition of capital property

 

 

 

 

00

(x)

FAPI under the description of paragraph (c) in the definition of FAPI in subsection 95(1) of the Act

 

 

 

 

00

 

 

 

 

 

 

 

Total FAPI

 

 

 

——

00

Section 4 – Capital gains and losses

A. Excluded property

Did the foreign affiliate dispose of a share in another foreign affiliate that was excluded property or an interest in a partnership that was excluded property in a taxation year of the affiliate that ended in the reporting taxpayer's taxation year?

Yes

No

B. Property that is not excluded property

Did the foreign affiliate dispose of capital property that was not excluded property in a taxation year of the affiliate that ended in the reporting taxpayer's taxation year?

Yes

No

Section 5 – Income included in income from an active business

A. Was income of the foreign affiliate that would otherwise have been included in its income from property included in its income from an active business:

λ because of subparagraph 95(2)(a)(i) of the Act?

Yes

λ because of subparagraph 95(2)(a)(ii) of the Act?

Yes

λ because of subparagraph 95(2)(a)(iii) of the Act?

Yes

λ because of subparagraph 95(2)(a)(iv) of the Act?

Yes

λbecause of the type of business carried on and the number of persons employed by the foreign affiliate in the business pursuant

to paragraphs (a) and (b) of the definition of investment business in subsection 95(1) of the Act?

Yes

λ because of paragraph 95(2)(l) of the Act?

Yes

No

No

No

No

No

No

B. Was income of the foreign affiliate that would otherwise have been included in its income from a business other than an active business included in its income from an active business:

λ because of the 90% test in paragraphs 95(2)(a.1) through (a.4) of the Act?

Yes

λ because of subsection 95(2.3) of the Act?

Yes

λ because of subsection 95(2.4) of the Act?

Yes

No

No

No

Section 6 – Disclosure

Is any information requested in this return not available?

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If yes, please specify the information and the reason it is not available. Also indicate the steps taken in attempting to obtain the information.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certification

I certify that the information given on this return and in any documents attached is, to my

Person or firm paid to prepare this return:

 

knowledge, correct and complete, except as disclosed in Section 6.

 

 

 

 

 

 

 

 

 

 

 

Name

 

 

 

Print name

 

 

 

 

 

Address

 

 

Sign here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Printed in Canada

PAGE 4 OF 8

All legislative references on this sheet refer to the Income Tax Act (the Act.)

Do you have to file this return?

Form T1134-B, Information Return Relating to Controlled Foreign Affiliates, must be filed annually by:

λa taxpayer resident in Canada (other than a taxpayer all of whose taxable income for the year is exempt from tax under Part I of the Act) for which a non-resident corporation or a non-resident trust is a Controlled Foreign Affiliate (CFA) at any time in the year; and

λa partnership where:

the share of the income or loss of the partnership for the year of non-resident members is less than 90% of the income or loss of the partnership for the year, and

a non-resident corporation or non-resident trust would be a CFA of the partnership at any time in the year if the partnership were a person resident in Canada.

Note: A trust deemed under paragraph 94(1)(c) of the Act to be resident in Canada for purposes of Part I (i.e., a non-resident discretionary trust) is also deemed to be so resident for the purpose of filing this return.

A non-resident non-discretionary trust may be a CFA of a Canadian taxpayer (see paragraph 94(1)(d) of the Act).

If you are reporting for a foreign affiliate that is not a CFA, use Form T1134-A, Information Return Relating to Foreign Affiliates that

are not Controlled Foreign Affiliates.

Do not file this return for a foreign affiliate that is "dormant" or "inactive" for the affiliate's taxation year ending in your taxation year. For purposes of completing Form T1134-B, a dormant or inactive foreign affiliate means, for a taxation year of the affiliate, one that:

λhad gross receipts (including proceeds from the disposition of property) of less than $10,000 in the year; and

λat no time in the year had assets with a total fair market value of more than $100,000.

As an individual (other than a trust) you do not have to file Form T1134-B for the year in which you first become a resident of Canada.

Note: In determining whether a non-resident corporation or trust is a foreign affiliate of a taxpayer resident in Canada or of a partnership for purposes of these reporting requirements, the following rules apply:

λthe reference to "any corporation" in paragraph (b) of the definition of "equity percentage" in subsection 95(4) of the Act should be read as if it were a reference to "any corporation other than a corporation resident in Canada";

λthe definitions "direct equity percentage" and "equity percentage" in subsection 95(4) of the Act should be read as if a partnership were a person; and

λthe definitions "controlled foreign affiliate" and "foreign affiliate" in subsection 95(1) of the Act should be read as if a partnership were a taxpayer resident in Canada.

Only the lowest tier subsidiary in a group of Canadian corporations under common control has to report for its CFA. However, if another corporation in the Canadian group has a direct equity percentage in the CFA, it too is required to report on that CFA.

If a CFA is owned indirectly by a partnership through a Canadian corporation(s), only the lowest tier Canadian corporation reports for the CFA. However, if a member of the partnership also has a direct equity percentage in the CFA, it too is required to report on the CFA.

Due dates for filing this return

The reporting requirements for foreign affiliates apply to taxation years that begin after 1995. Form T1134-B is due within 15 months after the end of your taxation year, except for taxation years that end in 1996, 1997 and 1998.

Where your taxation year ends in 1996, 1997 or 1998, Form T1134-B is required to be filed on or before the later of:

λJune 30, 1998; or

λthe day on or before which the return is otherwise required to be filed.

Foreign currency conversion

When converting amounts into Canadian dollars from a foreign currency, you should use the exchange rate in effect at the time of the transaction (e.g., the time the income was received.) If income is received throughout the year, we will accept an average rate for the year.

Where you are required to provide an amount at the beginning or at the end of the year, you may use the exchange rate in effect at the relevant time.

Currency

Code

Canadian dollars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CAD U.S. dollars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . USD Pounds sterling. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GBP French francs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FRF Swiss francs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHF Deutsche marks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DEM Japanese yen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . JPY Hong Kong dollars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HKD Netherlands guilders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NLG Australian dollars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AUD New Zealand dollars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NZD Italian lira. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ITL Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OTH

More information

If you need more information, you can write, phone or visit your local tax services office. For our address and telephone numbers, see the listings in the Government of Canada section of your telephone book.

PAGE 5 OF 8

How to complete this return

Part I – Identification

Section 1 – Reporting taxpayer information

Identify the reporting taxpayer.

Section 2 – Group structure

Provide information about the structure of the group (including trusts and partnerships) at the end of the taxation year. A group organizational chart that includes the requested information is acceptable. Only one organizational chart has to be filed by a related group.

Part II – Foreign Affiliate Information

Section 1 – General information

A. Identification of foreign affiliate

Identify the foreign affiliate for which this return is being filed.

You may use an optional identification number to identify the foreign affiliate. The country code used in the identifier should be the country code of the country of residence of the foreign affiliate (see the list of country codes included in the instructions). The last five characters should be 5 digits of your choice.

For the purpose of this return, residence generally means where the foreign affiliate's mind and management is.

B. Capital stock of foreign affiliate

Provide information about your direct ownership and ownership by another controlled foreign affiliate and by other related parties of the capital stock of the foreign affiliate. The book cost of the shares on a non-consolidated, non-equity basis should be used.

If book cost is not available in Canadian dollars, report the amount in the foreign currency and provide the appropriate currency code from the list in the instructions. If book cost is available in Canadian dollars, report only Canadian dollars.

C. Other information

Provide additional information about your interest in the foreign affiliate.

For purposes of completing this return, gross indebtedness does not include set-offs or trade accounts payable.

Section 2 – Financial information of the foreign affiliate

Include the unconsolidated financial statements of the foreign affiliate or, if unavailable, the financial information that is available to you as a shareholder.

The net income should be accounting net income. Tax paid or payable should be actual tax paid or payable and not deferred tax. Do not include withholding tax.

When income and tax amounts are available in Canadian dollars, report only in Canadian dollars. If the information is only available in a foreign currency, report in that currency and provide the appropriate currency code from the list in the instructions.

Foreign language information will only be accepted if the information is not available in English or French.

Section 3 – Surplus accounts

Provide information about dividends you received from the foreign affiliate and information about events that affected the foreign affiliate's surplus accounts.

Part III – Nature of Income

Section 1 – Employees per business

Provide the number of full time employees or employee equivalents employed by the foreign affiliate. This should be done on a business by business basis.

Section 2 – Composition of revenue

Provide the amount of the foreign affiliate's gross revenue from the sources listed.

Section 3 – Foreign accrual property income (FAPI)

Provide information about the foreign accrual property income earned by the foreign affiliate.

Section 4 – Capital gains and losses

Provide information about capital gains and losses realized by the foreign affiliate.

Only dispositions of shares or partnership interests that are excluded property and capital property that is not excluded property needs to be reported.

Section 5 – Income included in income from an active business

Provide information about the income of the foreign affiliate that is from an active business.

Section 6 – Disclosure

Indicate whether any information requested in Form T1134-B is not available at the time of filing this return.

If information is not available, specify what information is not available and why it is not available. Also indicate what steps were taken in attempting to obtain the information.

PAGE 6 OF 8

Due diligence exception

The information required to be filed on Form T1134-B does not include information that is not available, on the day that the return is filed, to the person or partnership required to file the return where:

(a)there is reasonable disclosure in the return of the unavailability of the information;

(b)before that day, the person or partnership exercised due diligence in attempting to obtain the information;

(c)it was reasonable to expect, at the time of each transaction, if any, entered into by the person or partnership after March 5, 1996 that gives rise to the requirement to file the return or that affects the information to be reported in the return, that sufficient information would be available to the person or partnership to comply with the reporting requirements; and

(d)if the information subsequently becomes available to the person or partnership, it is filed not more than 90 days after it becomes so available.

Certification

This area should be completed and signed by:

λthe person filing Form T1134-B in the case of an individual;

λan authorized officer in the case of a corporation;

λthe trustee, executor or administrator where the person filing the return is a trust; or

λan authorized partner in the case of a partnership.

Name of the person or firm who completed this return

If you are not the reporting taxpayer, and were paid to prepare this return, give your name and address.

Filing this return

Form T1134-B must be filed separately from your income tax return.

Before you file this return, make a copy of it for your records.

Send the original return and any information subsequently received to:

Ottawa Technology Centre

Employer Services Division

Other Programs Unit

875 Heron Road

Ottawa ON K1A 1A2

Specifications for diskette filing are available. If you have any questions or need more inforamtion, please contact:

Magnetic Media Processing Team

Ottawa Technology Centre

Canada Customs and Revenue Agency

875 Heron Road

Ottawa ON K1A 1A2

Telephone: 1-800-665-5164

Penalties for non-reporting

There are substantial penalties for failing to complete and file Form T1134-B by the due date.

Voluntary disclosures

To promote compliance with Canada's tax laws, we encourage you to voluntarily correct any deficiencies in your past tax affairs.

You can make a voluntary disclosure by contacting your tax services office. For our address and telephone numbers, see the listings in the Government of Canada section of your telephone book.

For more information, see Information Circular 85-1R2, Voluntary

Disclosures.

PAGE 7 OF 8

COUNTRY CODES

AFG

Afghanistan

TMP

East Timor

LBY

Libyan Arab Jamahiriya

VCT

Saint Vincent and the

ALB

Albania

ECU

Ecuador

LIE

Liechtenstein

SMA

Grenadines

DZA

Algeria

EGY

Egypt

LTU

Lithuania

Samoa (American)

ASM

American Samoa

SLV

El Salvador

LUX

Luxembourg

SMR

San Marino

AND

Andorra

GNQ

Equatorial Guinea

MAC

Macau

STP

Sao Tome and Principe

AGO

Angola

ERI

Eritrea

MDG

Madagascar

SAU

Saudi Arabia

AIA

Anguilla

EST

Estonia

MDR

Madeira

SEN

Senegal

ATA

Antarctica

ETH

Ethiopia

MWI

Malawi

SYC

Seychelles

ATG

Antigua and Barbuda

FLK

Falkland Islands (Malvinas)

MYS

Malaysia

SLE

Sierra Leone

ARG

Argentina

FRO

Faroe Islands

MDV

Maldives

SGP

Singapore

ARM

Armenia

FJI

Fiji

MLI

Mali

SVK

Slovak Republic

ABW

Aruba

FIN

Finland

MLT

Malta

SUN

Slovenia

AUS

Australia

FRA

France

MHL

Marshall Islands

SLB

Solomon Islands

AUT

Austria

GUF

French Guiana

MTQ

Martinique

SOM

Somalia

AZE

Azerbaijan

PYF

French Polynesia

MRT

Mauritania

ZAF

South Africa

AZO

Azores

GAB

Gabon

MUS

Mauritius

SGS

South Georgia and the South

BHS

Bahamas

GMB

Gambia

MYT

Mayotte

ESP

Sandwich Islands

BHR

Bahrain

GEO

Georgia

MEX

Mexico

Spain

BGD

Bangladesh

DEU

Germany

FSM

Micronesia

LKA

Sri Lanka

BRB

Barbados

GHA

Ghana

MDA

Moldova

SDN

Sudan

BLR

Belarus

GIB

Gibraltar

MCO

Monaco

SUR

Surinam

BEL

Belgium

GRC

Greece

MNG

Mongolia

SJM

Svalbard and Jan Mayen

BLZ

Belize

GRL

Greenland

MSR

Monteserrat

SWZ

Swaziland

BEN

Benin

GRD

Grenada

MAR

Morocco

SWE

Sweden

BMU

Bermuda

GLP

Guadeloupe

MOZ

Mozambique

CHE

Switzerland

BTN

Bhutan

GUM

Guam

MMR

Myanmar (Burma)

SYR

Syrian Arab Republic

BOL

Bolivia

GTM

Guatemala

NAM

Namibia

TJK

Tajikistan

BIH

Bosnia and Herzegovina

GNS

Guernsey

NRU

Nauru

TWN

Taiwan

BWA

Botswana

GIN

Guinea

NPL

Nepal

TZA

Tanzania

BVT

Bouvet Island

GNB

Guinea-Bissau

NLD

Netherlands

THA

Thailand

BRA

Brazil

GUY

Guyana

ANT

Netherlands Antilles

TGO

Togo

IOT

British Indian OceanTerritory

HTI

Haiti

 

(Bonaire, Curacao,

TKL

Tokelau

BRN

Brunei Darussalam

HMD

Heard Island and

 

St. Maarten)

TON

Tonga

BGR

Bulgaria

 

McDonald Islands

NCL

New Caledonia

TTO

Trinidad and Tobago

BFA

Burkina Faso (Upper Volta)

HND

Honduras

NZL

New Zealand

TUN

Tunisia

BDI

Burundi

HKG

Hong Kong

NIC

Nicaragua

TUR

Turkey

KHM

Cambodia (Kampuchea)

HUN

Hungary

NER

Niger

TKM

Turkmenistan

CMR

Cameroon

ISL

Iceland

NGA

Nigeria

TCA

Turks & Caicos Islands

CMP

Campione

IND

India

NIU

Niue

TUV

Tuvalu

CAN

Canada

IDN

Indonesia

NFK

Norfolk Island

UGA

Uganda

CNP

Canary Islands

IRN

Iran

MNP

Northern Mariana Islands

UKR

Ukraine

CPV

Cape Verde

IRQ

Iraq

NOR

Norway

ARE

United Arab Emirates

CYM

Cayman Islands

IRL

Ireland

OMN

Oman

GBR

United Kingdom

CAF

Central African Republic

GBA

Isle of Man

PAK

Pakistan

USA

United States

TCD

Chad

ISR

Israel

PLW

Palau

UMI

United States Minor

CHL

Chile

ITA

Italy

PAN

Panama

URY

Outlying Islands

CHN

China (Mainland)

JAM

Jamaica

PNG

Papua New Guinea

Uruguay

CXR

Christmas Island (Australia)

JPN

Japan

PRY

Paraguay

UZB

Uzbekistan

CCK

Cocos (Keeling) Islands

JRS

Jersey

PER

Peru

VUT

Vanuatu (New Hebrides)

COL

Colombia

JOR

Jordan

PHL

Philippines

VAT

Vatican City State (Holy See)

COM

Comoros

KAZ

Kazakhstan

PCN

Pitcairn

VEN

Venezuela

COG

Congo

KEN

Kenya

POL

Poland

VNM

Vietnam

COK

Cook Islands

KIR

Kiribati

PRT

Portugal

VGB

Virgin Islands (British)

CRI

Costa Rica

PRK

Korea, Democratic People's

PRI

Puerto Rico

VIR

Virgin Islands (U.S.)

CIV

Côte d'Ivoire (Ivory Coast)

 

Republic of (North)

QAT

Qatar

WLF

Wallis and Futuna Islands

HRV

Croatia

KOR

Korea, Republic of (South)

REU

Reunion

ESH

Western Sahara

CUB

Cuba

KWT

Kuwait

ROM

Romania

WSM

Western Samoa

CYP

Cyprus

KGZ

Kyrgyzstan

RUS

Russian Federation

YEM

Yemen

CZE

Czech Republic

LAO

Lao

RWA

Rwanda

YUG

Yugoslavia

DNK

Denmark

LVA

Latvia

SHN

St. Helena

ZAR

Zaire

DJI

Djibouti

LBN

Lebanon

KNA

Saint Kitts and Nevis

ZMB

Zambia

DMA

Dominica

LSO

Lesotho

LCA

Saint Lucia

ZWE

Zimbabwe

DOM

Dominican Republic

LBR

Liberia

SPM

St. Pierre and Miquelon

 

 

 

 

 

STANDARD INDUSTRIAL CODE (SIC)

 

 

9100

Services:

 

Financial:

3300

Electrical & Electronics

1200

Tobacco

Accommodations

7000

Banks, Trusts & Credit

1000

Food

3200

Transport Equipment

0100

Agricultural

 

Unions

2600

Furniture & Fixtures

2500

Wood

7700

Business Professionals

7100

Finance & Loans

1700

Leather

3900

Other

7720

Computer and Related

7130

Internal Financing Companies

3100

Machinery

 

Retail:

4800

Services

7131

Leasing of Property

3000

Metal Fabrication

6100

Communications

7132

Licensing of Property

0800

Mineral Extraction Services

Apparel & Furnishings

4000

Construction

7200

Investment & Mortgages

0600

Mines

6300

Automotive

8500

Educational Services

7215

Holding Companies

3500

Non-Metal

6000

Foodstuffs & Drugs

9600

Entertainment & Recreation

7216

Other Investment Activities

2700

Paper & Allied Products

6400

Merchandising

0300

Forestry, Fishing & Trapping

7300

Insurance

0700

Petroleum & Gas

6500

Other Retail

8600

Medical Professionals

7400

Brokerage

2900

Prime Metal

4700

Storage & Warehousing

9700

Personal Services

 

Manufacturing:

2800

Printing & Publishing

4500

Transportation & Allied

7400

Real Estate & Other Financial

1100

Beverages

1500

Rubber & Plastics

 

Services

9900

Repair & Other Services

3700

Chemical Products

3600

Refineries & Coal Products

4900

Utilities

 

 

2400

Clothing

1800

Textiles

5000

Wholesale Trade

PAGE 8 OF 8