This version of the form is not currently in use and is provided for reference only. Download this version of Form T2203 Part 2 for the current year.
Form T2203 Part 2 is used to calculate and report the federal surtax on income earned outside Canada and the refundable Quebec abatement. This form is specifically for Canadian residents who have earned income outside of Canada and need to determine their federal surtax liability and claim the refundable Quebec abatement, if applicable. The federal surtax is an additional tax on top of regular income tax, while the refundable Quebec abatement is a tax reduction available to residents of Quebec.
The Form T2203 Part 2 Federal Surtax on Income You Earned Outside Canada and Refundable Quebec Abatement - Canada is typically filed by individuals who have earned income outside of Canada and are eligible for the federal surtax and refundable Quebec abatement.
Q: What is Form T2203?
A: Form T2203 is the form used to calculate the federal surtax on income earned outside Canada and the refundable Quebec abatement.
Q: What is the Federal Surtax on Income Earned Outside Canada?
A: The Federal Surtax on Income Earned Outside Canada is a tax paid by Canadian residents on their worldwide income that exceeds a certain threshold.
Q: What is the Refundable Quebec Abatement?
A: The Refundable Quebec Abatement is an amount that Quebec residents can claim to reduce the federal surtax on income earned outside Canada.
Q: Who needs to file Form T2203?
A: Canadian residents who have income earned outside Canada and qualify for the federal surtax on that income need to file Form T2203.
Q: What information is required on Form T2203?
A: Form T2203 requires information about the taxpayer's income earned outside Canada, as well as their federal and provincial tax calculations.
Q: Can non-residents of Canada file Form T2203?
A: No, Form T2203 is only for Canadian residents who have income earned outside Canada.
Q: When is the deadline to file Form T2203?
A: The deadline to file Form T2203 is the same as the deadline for your Canadian income tax return, which is usually April 30th.
Q: Can I claim the refundable Quebec abatement if I don't live in Quebec?
A: No, the refundable Quebec abatement is only available to Quebec residents.
Q: Is the federal surtax on income earned outside Canada applicable to all types of income?
A: Yes, the federal surtax on income earned outside Canada applies to all types of income, including employment income, business income, and investment income.