Free untitled - Canada

T1-2009

Federal Tax

Schedule 1

Complete Step 1 to claim your federal non-refundable tax credits, Step 2 to calculate your federal tax on taxable income, and Step 3 to calculate your net federal tax. You must attach a copy of this schedule to your return.

Step 1 ­ Federal non-refundable tax credits
(for details, see the related lines in the guide) Basic personal amount claim $10,320 300 301 + 1 2 Age amount (if you were born in 1944 or earlier) (use federal worksheet) (maximum $6,408) Spouse or common-law partner amount (if negative, enter "0") $10,320 minus ( his or her net income from page 4 [1] of your return)

=

303 +

3

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Amount for an eligible dependant (attach Schedule 5) (if negative, enter "0") $10,320 minus ( net income) Amount for children born in 1992 or later Number of children 366 his or her

= × $2,089 =

305 + 367 +

4 5

Amount for infirm dependants age 18 or older (use federal worksheet and attach Schedule 5) CPP or QPP contributions: through employment from box 16 and box 17 on all T4 slips (maximum $2,118.60) on self-employment and other earnings (attach Schedule 8) Employment Insurance premiums from box 18 and box 55 on all T4 slips (maximum $731.79)
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306 +

6

308 + 310 +

7 8

312 +

9

Canada employment amount (if you reported employment income on line 101 or line 104, see line 363 in the guide) (maximum $1,044) Public transit amount Children's fitness amount Home renovation expenses (see line 368 in the guide and attach Schedule 12) Home buyers' amount (see line 369 in the guide) Adoption expenses Pension income amount (use federal worksheet) (maximum $2,000)

363 + 364 + 365 + 368 + 369 + 313 + 314 + 315 +

10 11 12 13 14 15 16 17

Caregiver amount (use federal worksheet and attach Schedule 5)

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Disability amount (for self) (claim $7,196 or, if you were under age 18, use federal worksheet) Disability amount transferred from a dependant (use federal worksheet) Interest paid on your student loans Tuition, education, and textbook amounts (attach Schedule 11) Tuition, education, and textbook amounts transferred from a child Amounts transferred from your spouse or common-law partner (attach Schedule 2) Medical expenses for self, spouse or common-law partner, and your dependent children born in 1992 or later Minus: $2,011 or 3% of line 236, whichever is less Subtotal (if negative, enter "0")
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316 + 318 + 319 + 323 + 324 + 326 +

18 19 20 21 22 23

330

­ =
(A)

Allowable amount of medical expenses for other dependants (see the calculation at line 331 in the guide and attach Schedule 5) Add lines (A) and (B).

331 +

(B)

=
332 + 24 25 26 27 28

Add lines 1 to 24. Multiply the amount on line 25 by 15%. Donations and gifts (attach Schedule 9) Total federal non-refundable tax credits: add lines 26 and 27.

335 = 338 = 349 + 350 =

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Step 2 ­ Federal tax on taxable income
Enter your taxable income from line 260 of your return. Use the amount on line 29 to determine which ONE of the following columns you have to complete. Enter the amount from line 29. Base amount Line 30 minus line 31 (cannot be negative) Rate Multiply line 32 by line 33. Tax on base amount Add lines 34 and 35. If line 29 is $40,726 or less 29 If line 29 is more than $40,726 but not more than $81,452

30 00,000 00 31 ­ 40,726 00

= × = =
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32 = 15% 33 × 34 = 00,000 00 35 + 36 = 6,109 00 22%

Use the amount on line 29 to determine which ONE of the following columns you have to complete. Enter the amount from line 29. Base amount Line 30 minus line 31 (cannot be negative) Rate Multiply line 32 by line 33. Tax on base amount Add lines 34 and 35.

If line 29 is more than $81,452 but not more than $126,264

If line 29 is more than $126,264

30

­ = × = + =

81,452 00 31 ­ 32 = 26% 33 × 34 = 15,069 00 35 + 36 =

126,264 00

29% 26,720 00

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Step 3 ­ Net Federal tax
Enter the amount from line 36 on page 6 or 7 [above]. Federal tax on split income (from line 5 of Form T1206) Add lines 37 and 38. 424 + 404 = 39 Enter your non-refundable tax credits from line 28. Federal dividend tax credit (see line 425 in the guide) Overseas employment tax credit (attach Form T626) 350 425 + 426 + 40 41 42 37 38

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Minimum tax carryover (attach Form T691) Add lines 40 to 43.

427 +

43

= ­
44 45 46 47

Basic federal tax: line 39 minus line 44 (if negative, enter "0") Federal foreign tax credit (attach Form T2209) Federal tax: line 45 minus line 46 (if negative, enter "0") Total federal political contributions (attach receipts) 409 410 Federal political contribution tax credit (use federal worksheet) Investment tax credit (attach Form T2038(IND))

429 = 405 ­ 406 =

48 49

412 +
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Labour-sponsored funds tax credit Net cost Allowable credit Add lines 48 to 50. 413 414 + 416 = 50

­
Line 47 minus line 51 (if negative, enter "0") (if you have an amount on line 38 on page 8 [above], see Form T1206) Working Income Tax Benefit (WITB) advance payments received (box 10 on the RC210 slip) Additional tax on RESP accumulated income payments (attach Form T1172) Net federal tax: add lines 52 to 54. Enter this amount on line 420 of your return. 417 =

51

52

415 + 418 + 420 =

53 54 55

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