T1-2023
WORKSHEET: Labour-sponsored funds tax credit (lines 41300 and 41400)
Keep this worksheet for your records.
Do not attach it to the return you send.
Federal tax credit with respect to a provincially registered labour-sponsored fund
Cost of shares acquired in the first 60 days of 2023 that were
not claimed
on your 2022 tax return
A
Cost of shares acquired during the remainder of the year
+
B
Cost of shares acquired in the first 60 days of 2024
+
C
Less:
Adjustments (e.g., government assistance received)
-
Net cost eligible for credit
=
D
Rate
x
Total allowable credit
15% of line D (maximum $750)
=
Enter this amount to the line 41400 of your return.
Carry forward to 2024
Excess cost not claimable in 2023