N-5NSPML (NSEB) RIR 1 to 19 - Redacted
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Request IR-05: - a) Please provide a detailed breakdown of the deferred income tax regulatory asset balance of $188.3 million as reported for 2025. - b) In addition, include supporting schedules that show the changes in the balance during...
AI summary The document requests a detailed breakdown and supporting schedules for the deferred income tax regulatory asset balance of $188.3 million as reported for 2025, with a response indicating a reconciliation of a $17.5 million change in the balance.
10 PPE Continuity 2025 2024 Opening CWIP Balance Additions 1,769.2 1,765.4 Converters, structures, and other ancillary equipment - 0.1 AC and DC Transmission 0.1 0.1 Submarine Cable Protection 7.4 3.6 Ending CWIP Balance 1,776.7 1,769.2 Ac...
AI summary The document presents a table showing the PPE Continuity for 2025 and 2024, including opening and ending CWIP balances and accumulated depreciation. It also includes a request (IR-12) and response related to tax returns, Notices of Assessment, and other tax-related information for NSPML and the Maritime Link Financing Trust.
Please see Attachment 4 for a copy of correspondence received from the CRA related to Maritime Link Financing Trust's 2024 T3. b) NSPML's T2 for the year ended December 31, 2025, will be filed with the CRA before the June 30, 2026, deadlin...
AI summary The document discusses correspondence with the CRA regarding tax filings for NSPML, including the 2024 T3, T2 for 2025, and the impact of the EIFEL Regime on deferred income tax assets. The CRA has completed its review of the 2019 amendment and found no adjustments necessary. NSPML is expected to have sufficient Excess Capacity to deduct denied interest expenses in the future.
- We are responsible for ensuring the confidentiality of your electronically filed tax information only after we have accepted your return. Corporation's name Business number Net income or loss General Index of Fi Part I tax payable (I Par...
AI summary The text discusses the responsibility of ensuring the confidentiality of electronically filed tax information after it has been accepted. It includes a table with financial data related to tax payable and net income or loss for a corporation.
NSPML 2025 Financial Statements and Cost Containment Reports NSEB IR-12 Attachment 1 Page 7 of 79 REDACTED NSP Maritime Link Incorporated 82957 4318 RC0001 ess deduction (continued) ———————————————————————————————————— tion 125(3.2)
AI summary The text appears to be a redacted section of a financial statement or cost containment report related to NSP Maritime Link Incorporated, submitted as part of a regulatory proceeding under the Nova Scotia Energy Board (NSEB). The content includes a table reference to a tax deduction under section 125(3.2), but the details are not fully visible due to redaction.
NSPML - 2024 - T2.224 2025-06-11 15:24 82957 4318 RC0001 - Summary of tax and credits —— Federal tax 700 Part I tax payable from amount N on page 8 705 Part II.2 tax payable from Schedule 56 Part III.1 tax payable from Schedule 55 710 Part...
AI summary The document provides a summary of various federal and provincial taxes, including Part I to Part XIV taxes, investment tax credits, dividend refunds, and other specific tax credits. It outlines the schedules and pages from which these taxes and credits are calculated and reported.
General Index of Financial Information (GIFI) - Additional Information 1 Corporation's name Business number Tax year-end Year Month Day NSP Maritime Link Incorporated 82957 4318 RC0001 2024-12-31 - Corporations need to complete all parts o...
AI summary The document provides information about the General Index of Financial Information (GIFI) and includes a table with details about NSP Maritime Link Incorporated, such as its business number and tax year-end. Corporations are required to complete this schedule and include it with their T2 return.
Schedule 1 Corporation's name Business number Tax year-end Year Month Day NSP Maritime Link Incorporated 82957 4318 RC0001 2024-12-31 - Use this schedule to reconcile the corporation's net income (loss) as reported on the financial stateme...
AI summary Schedule 1 provides a reconciliation of the corporation's net income (loss) as reported on financial statements and for tax purposes. It includes details for NSP Maritime Link Incorporated for the tax year ending December 31, 2024.
Excessive Interest and Financing Expenses Limitation Corporation's name Business number Tax year end Year Month Day NSP Maritime Link Incorporated 82957 4318 RC0001 2024-12-31 - Use this schedule to determine the deductibility of interest...
AI summary This section outlines the determination of deductibility for interest and financing expenses under the excessive interest and financing expenses limitation (EIFEL) rules for NSP Maritime Link Incorporated for the tax year ending December 31, 2024.
82957 4318 RC0001 NSPML - 2024 - T2.224 Row Tax year of origin of the non-capital loss Non-capital loss (amount determined under (i) of variable J) Amounts determined under (ii) of variable J Variable J (lesser of column 2 and column 3) Am...
AI summary This document presents a tax-related table for NSPML in 2024, detailing non-capital losses, deductions, and taxable income calculations. It includes columns for tax years, loss amounts, deductions, and adjusted taxable income calculations.
\ For federal and Alberta tax purposes, donations and gifts expire after five tax years. For Québec tax purposes, donations and gifts made in a tax year that ended before March 19, 2007, expire after five tax years; otherwise, donations an...
AI summary The text discusses the expiration periods for donations and gifts under federal, Alberta, and Québec tax regulations. It also references financial statements and reports related to NSPML for 2025.
82057-4318 RC0001 Year of origin: Federal Québec Alberta 1 prior year 2023-12-31 ———————————————————————————————————— 2025-06-11 15:24 – Amounts c carried forward – Addition al deduction for gifts of a medicine ——— 82957 4318 RC000 For fed...
AI summary The text discusses tax-related matters concerning the carry forward and deduction of gifts, particularly focusing on gifts of musical instruments. It outlines rules for federal and provincial tax purposes, including expiration and adjustment rules for these gifts.
- File this schedule with the T2 return, or send the schedule by itself to the tax centre where the return is filed. Determination of current-year non-capital loss Subtotal (amount 1I minus amount 1J) = Surrent-year farm loss (the lesser o...
AI summary The text provides instructions for filing a tax schedule with the T2 return and includes a table detailing the determination of current-year non-capital loss, including amounts and calculations related to farm loss and non-capital loss carryback.
Subsidiary is defined in subsection 88(1) as a taxable Canadian corporation of which 90% or more of each class of issued shares are owned by its parent corporation and the remaining shares are owned by persons that deal at arm's length wit...
AI summary The definition of a subsidiary under subsection 88(1) is provided, specifying that it is a taxable Canadian corporation where 90% or more of each class of issued shares are owned by its parent corporation, with the remaining shares owned by persons dealing at arm's length with the parent.
If you need more space, you can attach more schedules. 1. Clean economy tax credit is defined in subsection 127.47(1). 15 NSPML - 2024 - T2.224 2024-12-31 NSP Maritime Link Incorporated 2025-06-11 15:24 82957 4318 RC0001 NSPML 2025 Financi...
AI summary The text references a clean economy tax credit defined in subsection 127.47(1) and includes a redacted financial statement and cost containment report from NSPML for 2025.
Part 8 – Restricted interest and financing expenses (RIFE) Continuity of RIFE 700 RIFE at the end of the previous tax year 705 RIFE transferred on an amalgamation or on the wind-up of a subsidiary corporation 750 RIFE adjustments for an ac...
AI summary This section outlines the calculation and handling of Restricted Interest and Financing Expenses (RIFE) for tax purposes, including adjustments for amalgamations, wind-ups, and acquisitions of control. It also discusses an election under paragraph 88(1.1)(f) related to the treatment of losses following the wind-up of a subsidiary.
Schedule 5 Corporation's name Business Number Tax year-end Year Month Day NSP Maritime Link Incorporated 82957 4318 RC0001 2024-12-31 - Use this schedule if any of the following apply to your corporation during the tax year:
AI summary Schedule 5 provides a table with details about NSP Maritime Link Incorporated, including its business number and tax year-end. It indicates that this schedule should be used if any of the listed conditions apply to the corporation during the tax year.
Canadä Total taxable income Income eligible for small business deduction Provincial or territorial allocation of taxable income Provincial or territorial tax payable before credits Offshore tax 41-6-4-4-4-6-4 I't- // O-b h.l. 007) 200 d La...
AI summary The text presents a table related to provincial and territorial tax calculations, specifically for Newfoundland and Labrador, including various tax credits and allocations. It outlines taxable income, deductions, and credits, with line items for different types of credits and allocations.
he calendar year in which you are associated with another EPOP that has a tax year ending in that calendar year - any amount allocated by the minister under subsection 1104(3.4) of the Regulations The immediate expensing limit has to be pr...
AI summary The text outlines rules for calculating the Capital Cost Allowance (CCA) related to property classifications, including specific expensing limits, proration for tax years under 365 days, and eligibility criteria for various property classes such as AIIP, Classes 54 to 56, and others. It also references relevant tax regulations and guidelines.
Canada Revenue Agency Agence du revenu du Canada SCHEDULE 29
AI summary The text references Schedule 29 from the Canada Revenue Agency, indicating a regulatory or tax-related document. No further details are provided in the chunk.
Summary of Investment Tax Credit Carryovers 99 CCA class number Cur. or cap. R&D for ITC Current year Addition current year (A) Applied current year (B) Claimed as a refund (C) Carried back (D) ITC end of year (A-B-C-D) Prior years Taxatio...
AI summary The document presents a summary of investment tax credit (ITC) carryovers, showing the amounts carried forward from prior years, including specific values for 2019, 2017, and 2016. The ITC expires at the end of the tax year, and expired credits are posted to specific lines in Schedule 31 of the following year.
Part 1 - Capital - Agence du revenu du Canada Schedule 33
AI summary The document references Schedule 33 from the Agence du revenu du Canada (Canada Revenue Agency) in the context of capital-related matters, likely involving tax or financial reporting procedures.
Taxable Capital Employed in Canada – Large Corporations Corporation's name Business number Tax year-end Year Month Day NSP Maritime Link Incorporated 82957 4318 RC0001 2024-12-31 - Use this schedule in determining if the total taxable capi...
AI summary The document provides information on the taxable capital employed in Canada by NSP Maritime Link Incorporated, including its business number and tax year-end. It is used to determine if the corporation's total taxable capital exceeds $10,000,000.
• Use this schedule to calculate the balance of the low rate income pool (LRIP) at any time in the tax year if you are a corporation resident in Canada that is: - a corporation other than a Canadian-controlled private corporation (CCPC) or...
AI summary This document provides instructions for calculating the balance of the low rate income pool (LRIP) for Canadian corporations, excluding CCPCs and DICs, using data from their previous tax year's T2 return, including aggregate investment income and investment corporation deductions.
- 2 Enter in column 1 each date when: - an eligible dividend was paid in the year - an adjustment was made as a result of an amalgamation or the wind-up of a subsidiary or on ceasing to be a CCPC (by an election or otherwise) - 3 Include t...
AI summary The text outlines procedures for reporting eligible dividends, adjustments due to corporate changes, and taxable dividends on financial statements. It references the 2025 Financial Statements and Cost Containment Reports of NSP Maritime Link Incorporated.
NSP Maritime Link Incorporated 82957 4318 RC0001 NSPML - 2024 - T2.224 2025-06-11 15:24 Canada Revenue Agency Agence du revenu du Canada Schedule 55
AI summary The document contains a tax-related filing by NSP Maritime Link Incorporated, referencing the Canada Revenue Agency and Schedule 55, which pertains to tax reporting and compliance.
Part III.1 Tax on Excessive Eligible Dividend Designations • The calculations in Part 1 and Part 2 do not apply if the excessive eligible dividend designation arises fr paragraph (c) of the definition of excessive eligible dividend designa...
AI summary This section outlines the calculation process for the tax on excessive eligible dividend designations, particularly for Canadian-controlled private corporations and deposit insurance corporations. It includes calculations related to taxable dividends, GRIP, and the application of a 20% tax rate on excessive eligible dividend designations.
Corporate Taxpayer Summary NSP Maritime Link Incorporated 2024-01-01 2024-12-31 to Multiple Jurisdiction BC AB SK MB ON QC NB NS NO PE NL XO YT NT NU OC X X Y Y 1 Number of associated corporations Corporation Controlled by a Public Corpora...
AI summary The document provides a corporate taxpayer summary for NSP Maritime Link Incorporated, detailing financial and tax-related information across multiple jurisdictions. It includes figures related to federal and provincial taxes, income calculations, dividends, charitable donations, investment tax credits, and carryforward balances.
Federal Corporate name Taxable capital used to calculate the business limit reduction (T2, line 415) Taxable capital used to calculate the SR&ED expenditure limit for a CCPC (Schedules 31 and 49) Taxable capital used to calculate line 233...
AI summary The text presents a table with various taxable capital calculations for different provinces, including Nova Scotia, Alberta, and Newfoundland and Labrador, used for tax-related purposes such as deductions and grants.
For additional information, see "Chapter 1 - General Information: Who should file" in the guide. $\blacksquare$ Step 1 _ Identification and other information T 3 3 - 0 3 1 3 - 4 2 2 0 2 5 0 1 0 1 2 0 2 5 1 2 3 1 Name of trust Maritime Link...
AI summary The document provides a form for filing information related to a trust, specifically the Maritime Link Financing Trust, including trustee details, residence, and other tax-related information. The form includes options for identifying the trustee as an individual or a non-individual entity, such as a corporation.
Type of trust (see the guide for details) Er nter the type of trust and code number from the drop-down menu and provide the required information, as applicable (see the guide for details) ). 12. Was this tax year deemed to have ended as a...
AI summary The text outlines a form for reporting trust information, including questions related to the type of trust, loss restriction events, asset values, and compliance with specific rules such as the excessive interest and financing expenses limitation (EIFEL). It also references Schedule 130 and provides guidance on answering questions based on specific conditions.
T3 RET E 25) Page 5 of 6 Step 5 – Summary of tax and credits (continued) Newfoundland and Labrador research and development tax credit 901 • 59 British Columbia mining exploration tax credit 903 + • 60 Federal environmental trust tax credi...
AI summary This table summarizes various provincial and federal tax credits, including research and development, environmental trust, and energy-related credits. It lists the credits along with their respective numbers and indicators, and provides a total of other credits.
9263 Box no. Description Column 1 Resident Column 2 Non-resident Column 3 By preferred beneficiary election 55 Box 30 Capital gains eligible for deduction from dispositions of qualified farm and fishing property (QFFP) 29301 29302 29303 93...
AI summary The text provides a table outlining capital gains eligible for deduction from dispositions of qualified farm and fishing property (QFFP) and qualified small business corporation shares (QSBCS), with different columns for residents, non-residents, and preferred beneficiary elections.
MARITIME LINK FINANCING TRUST C/O EMERA INCORPORATED 5151 TERMINAL RD HALIFAX NS B3J 1A1 Trust account number T33 0313 42 Tax year ending Dec 31, 2024 Trust assessment
AI summary The document presents a trust assessment for the Maritime Link Financing Trust, managed by Emera Incorporated, for the tax year ending December 31, 2024. The trust account number is provided, indicating the specific account under review.
Summary Line Description $ Final amount CR/DR 56 Taxable income 0 Total taxes payable minus Total credits 0.00 Balance from this assessment 0.00 Balance 0.00 Explanation of changes and other important information
AI summary The document presents a summary of taxable income and related financial figures, showing zero values for taxable income, total taxes payable minus credits, and balance from the assessment. It includes an explanation section for changes and other important information.