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JWHY

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  1. Hello Geo123, If I am understanding correctly then that means I have been reporting them correctly. Thank you again so much Geo123, you have no idea how much you have put my mind at ease. Your guidance has been invaluable to me.
  2. Hello Geo123, Thank you so much for your insight. In regards to each individual's share of the trust, as my sister and I are also in it, and I believe we all have equal share of the Trust, should I have been entering these slips as 25% each then? I worry I have been reporting these T3 income slips incorrectly as I have always left that section blank per individual since the inception of the Trust. Thank you again, this is all very much appreciated.
  3. My apologies for how convoluted my explanation may read. Both my parents received individual T3 slips (with different amounts) from our family trust. When I enter them individually at 0% shared they each owe roughly $8.2k (dad), $17.8k (mom) respectively. When I enter them as 50% shared for each of their T3 slips, my dad is now receiving a refund and my mom now owing only $6.2k. Am I doing something wrong or is it possible for me to report them as 50% shared with each other? My dad has very low income. He retired recently last year and his T4 is under 10k, and he's also receiving OAS at the moment. Has not started CPP. My mom has Rental income, T4RIF, OAS, and CPP. Thank you for your time!
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