T2000: Calculation of Tax on Agreements to Acquire Shares (section 207.1(5) of the Income Tax Act)

What is T2000?

T2000, Calculation of Tax on Agreements to Acquire Shares, works out the special tax that applies when a deferred income plan is party to an agreement to acquire shares, under subsection 207.1(5) of the Income Tax Act. The form takes the amounts involved and calculates the tax owing for the period.

This is a dynamic (XFA) PDF built for Adobe Acrobat Reader. It will not fill in a web browser or a basic PDF viewer, so download it first and open it in the free Adobe Acrobat Reader. Once completed and signed, it is filed with the CRA together with any tax payable.

Who files T2000?

• Trustees or issuers of a deferred income plan party to an agreement to acquire shares
• Plans subject to the tax under subsection 207.1(5) of the Income Tax Act
• Filers reporting and calculating this special tax for a period
• Advisers preparing the calculation on behalf of an affected plan

How to fill out T2000

1. Download the T2000 and open it in the free Adobe Acrobat Reader; it will not fill in a browser.
2. Enter the identification details for the plan and the period covered.
3. Record the amounts relating to the agreement to acquire shares.
4. Work through the calculation to arrive at the tax payable under subsection 207.1(5).
5. Sign the completed form and file it with the CRA together with any tax owing.