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Intuit

How to print the T106 slip from the FX model

If the option to print the slip is not available through the File menu, Print Slips, this is due to the reason that the slip does not meet the print condition, thus the slip is not being triggered in the normal way.

For the T106 slip to be triggered for print, the amount in box 4 in the T106Sum form, has to exceed $1M.

Related: Information Return of Non-Arm's Length

Who has to file
A reporting person has to file T106 documentation for a tax year in respect of reportable transactions in which the reporting person and the non-arm's length non-resident person (or partnership of which that non-resident person is a member) participated in the period. The reporting person has to file the T106 documentation if the amount of the total reportable transactions for all the non-residents combined is more than CAN $1,000,000 (i.e., the total of all Box I amounts is more than CAN $1,000,000).

A reporting partnership has to file T106 documentation for a fiscal period in respect of reportable transactions in which the reporting partnership and the non-arm's length non-resident person (or partnership of which the non-resident person is a member) participated in the period. The reporting partnership has to file the T106 documentation if the amount of the total reportable transactions for all the non-residents is more than CAN $1,000,000 (i.e., the total of all Box I amounts is more than CAN $1,000,000). File T106 documentation for the partnership only and not for each partner.

Where a reporting person or partnership's total amount of the transactions with a particular non-resident during the taxation year is below $25,000, there is no need to report these transactions in Part III of the T106 Slip. Please see the notice for additional information.
 


To force print the slip through ProFile

1. Go to the File menu and choose Print/Email PDF

2. On the Advanced view, right click and choose Clear all

3. Search for the T106Details
      Hint: use Find form

4. Hold down the shift key on the keyboard

5. Click on Preview

The software will generate a PDF that can be sent to the physical printer.
 


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