This version of the form is not currently in use and is provided for reference only. Download this version of Form 5013-SC Schedule C for the current year.
Form 5013-SC Schedule C Electing Under Section 217 of the Income Tax Act - Canada is used for electing to calculate your income from all sources inside and outside of Canada in Canadian dollars, as well as to claim deductions and credits available to residents of Canada.
The Form 5013-SC Schedule C Electing Under Section 217 of the Income Tax Act in Canada is filed by individuals who are residents of Canada and elect to deduct foreign employment income.
Q: What is Form 5013-SC Schedule C?
A: Form 5013-SC Schedule C is a tax form used in Canada to elect under Section 217 of the Income Tax Act.
Q: What does electing under Section 217 mean?
A: Electing under Section 217 refers to the option for non-residents of Canada to be taxed on their Canadian income at a flat rate, instead of the regular progressive tax rates.
Q: Who needs to file Form 5013-SC Schedule C?
A: Non-residents of Canada who earn income from Canadian sources and choose to be taxed under Section 217 need to file Form 5013-SC Schedule C.
Q: What is the purpose of Form 5013-SC Schedule C?
A: The purpose of Form 5013-SC Schedule C is to calculate and report the income and tax payable for non-residents electing under Section 217.