Guide for curators and tutors who must provide an annual ...

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Line 12 :Accounts receivable (notes and loans):name and address of debtorEnter all amounts receivable on behalf of the minor. Thiswould include sums loaned from his or her patrimony, hisor her share of an inheritance, or sums payable to him orher pursuant to a settlement. If you do not know the exactamount, just enter $1. Also enter the name and addressof anyone owing money to the minor. Enter the totalamount (after all items have been calculated). If you havemore than one item to enter under this heading, pleasebreak them down (description and amount) on a separatesheet and attach it to the completed annual report.Accounts receivable must not be confused with accountspayable (box 42).Line 15 :BondsFor this line, you must first fill out the list of bondspossessed by the minor in Appendix: Securities. Fill outthe appendix by entering the names of bonds possessedby the minor, serial number, and value at maturity date.The total of this section (line 320 of the Appendix) mustbe entered on line 15 of the annual report.Line 16 :Stocks and mutual fundsFor this line, you must first fill out the list of shares,mutual fund stocks, or other securities owned by theminor in Appendix: Securities. Fill out this appendix byentering the names of stocks possessed by the minor,serial numbers, and, if possible, their purchase value.You must also enter under this heading any mutual fundshares held by the minor. The total of this section (line360 of the Appendix) must be entered on line 16 of theannual report.Line 17 :Mortgage receivable:name and address of debtorEnter sums loaned in the minor's name against acollateral asset such as a house. It is important to furnishas much information as possible, such as the borrower'sname and address and the unpaid balance of the loan,as frequently it can be a substantial sum. Not to beconfused with a mortgage payable (box 46).Line 20 :Buildings and land: AddressDescribe the properties owned by the minor and indicatetheir address. In cases where a property belongs toseveral owners, indicate the portion owned by the minor.Indicate whether the value you have listed represents thecurrent market value or a municipal assessment. Youshould also include under this heading any lots of landcontaining no buildings. Enter the total amount (after allitems have been calculated). If you have more than oneitem to enter under this heading, please break themdown (description and amount) on a separate sheet andattach it to the completed annual report.Line 22 :Funeral prearrangement contractUnless the minor has a funeral prearrangement contract,ignore this section. If a pre-arranged funeral contract hasbeen signed, enter the total cost of the agreement signedby or on behalf of the minor.Line 23 :Vehicles (automobile, ATV,motor home, boat, etc.)Enter the value of vehicles owned by the the minor,including model and year. Enter the total amount (after allitems have been calculated). If you have more than oneitem to enter under this heading, please break themdown (description and amount) on a separate sheet andattach it to the completed annual report.Line 24 :Life insurance (surrender value)Enter information about life insurance policies held by theminor and, if applicable, their surrender value. It isimportant to state whether the insurance was obtainedbefore or after the institution of tutorship, who is payingthe premium, and who is the beneficiary. Also enter thename of the insurance company and the policy number.Enter the total amount (after all items have beencalculated). If you have more than one item to enterunder this heading, please break them down (descriptionand amount) on a separate sheet and attach it to thecompleted annual report.Line 25 :Furniture and personal effectsEnter the total value of the minor's personal belongingshaving a unitary value of over $100. If you believe thatsome items are very valuable (jewellery, paintings, etc.),have them appraised by an expert.It is recommended that you provide a brief and precisedescription of each item, indicating their value at the timeof acquisition. If necessary, write this information on aseparate sheet and attach it to the completed annualreport.Line 26 :OtherEnter all other items not entered on lines 1 to 25 thatcomprise the patrimony of the minor. Provide a brief andspecific description of each item, making sure to includethe purchase price. Enter the total amount (after all itemshave been calculated). If you have more than one item toenter under this heading, please break them down(description and amount) on a separate sheet and attachit to the completed annual report.Line 30 :Total assetsEnter the total of the amounts entered on lines 1 to 26.
PAGE 2Line 55 :Total liabilities4) LIABILITIESAll the amounts posted in this section must correspond tothe date of the end of the period covered by theannual report.Line 40 :Bank loans:name and address of lenderEnter all outstanding balances on personal loansobtained from a financial institution by the minor or in theminor's name. Also enter the amount already drawn on aline of credit in the minor's name, if applicable. Enter thename and address of the lending institution as well as thebalance owing on the loans. Enter the total amount (afterall items have been calculated). If you have more thanone item to enter under this heading, please break themdown (description and amount) on a separate sheet andattach it to the completed annual report.Line 42 :Accounts payable:name and address of creditorIf applicable, enter the amount of the invoices (electricityor telephone, for example) owing for more than 30 daysas of the date of the annual report. Add the name andaddress of the companies that sent the bills. Enter thetotal amount (after all items have been calculated). If youhave more than one item to enter under this heading,please break them down (description and amount) on aseparate sheet and attach it to the completed annualreport.Line 44 :Notes payable and other loans:name and address of creditorEnter balance payable on sums borrowed andguaranteed by a note in the minor's name. Enter the totalamount (after all items have been calculated). If you havemore than one item to enter under this heading, pleasebreak them down (description and amount) on a separatesheet and attach it to the completed annual report.Line 46 :Mortgage payable:name and address of creditorIf the minor owns buildings or land, enter the balance ofthe mortgage payable, if applicable. Include the nameand address of the loaning institution. Enter the totalamount (after all items have been calculated). If you havemore than one item to enter under this heading, pleasebreak them down (description and amount) on a separatesheet and attach it to the completed annual report.Line 49 :Other liabilities (specify)Enter all other liabilities not entered on lines 40 to 46 thatcomprise the patrimony of the minor. Enter the totalamount (after all items have been calculated). If you havemore than one item to enter under this heading, pleasebreak them down (description and amount) on a separatesheet and attach it to the completed annual report.Enter the total of the amounts entered on lines 40 to 50.5) INCOMEThe figures entered in this section should correspond tothe annual revenues received during the periodcovered by the annual report.Line 100 :Bank interestEnter any interest earned on money in the bank and theminor's deposit certificates during the period.Line 101 :Interest on bondsEnter the amount of interest earned on the minor's bonds(refer to line 330 of Appendix: Securities).Line 102 :DividendsEnter the amounts of dividends paid to the minor (refer toline 370 Appendix: Securities).Line 103 :Interest on loansIf funds belonging to the minor were lent with interest,enter the amount of interest paid by the borrower duringthe period.Line 104 :RentEnter rental income received during the period on behalfof a minor who owns revenue-generating buildings orland.Line 105 :Employment assistance benefits (incomesecurity)You represent a minor. You therefore do not have to fillout line 105 of the annual report.Line 106 :Québec pension plan (QPP)You represent a minor. You therefore do not have to fillout line 106 of the annual report. The QPP's Orphan'sPension does not have to be included in the AnnualReport because it is paid to the legal or dative tutor onbehalf of the minor, similar to a child tax benefit.Line 107 :Old Age Security (including guaranteedincome supplement)You represent a minor. You therefore do not have to fillout line 107 of the annual report.Line 108:CSST benefits and compensationEnter any benefits and indemnities received from theCommission de la santé et de la sécurité du travail onbehalf of the minor during the period. The annual total ofCSST benefits or allowances must be entered but you donot have to provide a breakdown.
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