Taxable income

Line 248 - Employee home relocation loan deduction

Enter the amount shown in box 37 of your T4 slip.

Line 249 - Stock option and shares deductions

Enter the total of the amounts shown in box 39 "Stock-Option 110(1)(d)" and box 41 "Stock-Option 110(1)(d.1)" of your T4 slips.

Line 250 - Other payments deduction

Generally, you can deduct the amount from line 147 of your return. This is the total of the workers' compensation payments, social assistance payments, and net federal supplements you entered on lines 144, 145, and 146.

Note
If your net income before adjustments (line 234) is more than $53,215 and you reported net federal supplements on line 146, you may not be entitled to claim the whole amount from line 147. Contact us to determine how much you can deduct.

Line 251 - Limited partnership losses of other years

If you had limited partnership losses in previous years that you have not already deducted, you may be able to claim part of these losses against income earned from the same partnership. For details, contact us.

You can carry forward limited partnership losses indefinitely. If you claim these losses, attach a statement showing a breakdown of your total losses and the year of each loss. You cannot use the amount in box 31 of your 1999 T5013 slip on your 1999 return.

Line 252 - Non-capital losses of other years

Enter the amount of your unapplied non-capital losses you reported on your 1992 to 1998 returns, or your unapplied farming and fishing losses you reported on your 1989 to 1998 returns, that you want to apply in 1999. There are restrictions on the amount of certain farm losses that you can deduct each year. If you have a farming or fishing business, get the Farming Income, Farming Income and NISA, or Fishing Income guide for details.

If you need more information on losses, get Interpretation Bulletin IT-232, Losses - Their Deductibility in the Loss Year or in Other Years.

Note
You may want to carry back your 1999 non-capital, farming, or fishing loss to your 1996, 1997, or 1998 return. To do this, use the Form T1A, Request for Loss Carryback, that is in the Farming Income, Farming Income and NISA, and Fishing Income guides, or get one from us. Attach a completed copy to your paper return. Do not file an amended return for the year or years to which you want to apply the loss.

Line 253 - Net capital losses of other years

Within certain limits, you can deduct your net capital losses of previous years that you have not already claimed. For details, get the guide called Capital Gains.

Note
If you incurred a net capital loss in 1999, and you want to apply it against taxable capital gains you reported on your 1996, 1997, or 1998 return, get Form T1A, Request for Loss Carryback. Attach a completed copy to your paper return. Do not file an amended return for the year or years to which you want to apply the loss.

Line 254 - Capital gains deduction

You can claim a capital gains deduction for gains realized on qualified small business corporation shares and qualified farm property. For more details on this deduction, get the guide called Capital Gains.

Line 255 - Northern residents deductions

To make your claim, use Form T2222, Northern Residents Deductions - 1999. Residents of Nunavut, the Yukon, and the Northwest Territories will find this form in their forms book. You also can get a copy from us. For a list of the areas that qualify, get the publication called Northern Residents Deductions - Places in Prescribed Zones.

Note
Certain employment benefits affect the amount you can claim (see Form T2222). This change applied to your 1998 return, but was made public after the 1998 guide went to print. If it affects how you would have filed your 1998 return, you can ask us to correct it. See "How do you change a return?" on page 9 for details.

Line 256 - Additional deductions

Income exempt under a tax treaty

You can claim a deduction for foreign income you included on your return (such as support payments you received from a resident of another country and reported on line 128) if it is tax-free in Canada because of a tax treaty. If you received foreign income and you do not know whether it is tax-free in Canada, contact us.

Note
Under the Canada-U.S. tax treaty, you can claim a deduction equal to 15% of the U.S. social security benefits included in your income on line 115.

Vow of perpetual poverty

If you have taken a vow of perpetual poverty as a member of a religious order, you can deduct the amount of earned income and pension benefits that you have given to the order. Attach a letter from your order or your employer stating that you have taken a vow of perpetual poverty.

Employment with a prescribed international organization

You can claim a deduction for your net employment income from certain international organizations, such as the United Nations and its Specialized Agencies, that you reported on this return. Net employment income is your employment income from these agencies minus the related employment expenses that you are claiming.