Ontario additional tax re Crown royalties

The Ontario additional tax re Crown royalties is based on the corporation's:

• notional resource allowance for the year, as determined in subsection 108(2) of Ontario Regulation 183 of the Corporations Tax Act (Ontario);
• adjusted Crown royalties for the year, as defined in subsection 36(2) of the Taxation Act, 2007 (Ontario); and
• Ontario allocation factor, as defined in subsection 1(1) of the Taxation Act, 2007 (Ontario).

Reporting the tax

Calculate the tax owing on Schedule 504, Ontario Resource Tax Credit and Ontario Additional Tax re Crown Royalties. File a completed Schedule 504 with the return.

For more information on the additional tax, see the schedule and section 36 of the Taxation Act, 2007 (Ontario).

On line 274 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of the additional tax re Crown royalties.

Forms and Publications

• Schedule 5, Tax Calculation Supplementary - Corporations
• Schedule 504, Ontario Resource Tax Credit and Ontario Additional Tax re Crown Royalties

Government partners

• Ontario (Ministry of Revenue)
• Ontario (e-Laws)