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NL428 T1 General ­ 2009

Newfoundland and Labrador Tax and Credits
Complete this form and attach a copy of it to your return. For details, see the forms book.

Step 1 ­ Newfoundland and Labrador non-refundable tax credits
For internal use only Basic personal amount claim $7,778 Age amount (if born in 1944 or earlier) (use provincial worksheet) (maximum $3,655) Spouse or common-law partner amount Base amount 6,992 00 continue on next page
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5600 5804 1

5808 +

2

Minus: his or her net income from page 4 [1] of your return Result: (if negative, enter "0") (maximum $6,356) Amount for an eligible dependant Amount for infirm dependants age 18 or older (use provincial worksheet) (use provincial worksheet)

­ =
5812 + 5816 + 5820 + 3 4 5

Canada Pension Plan or Quebec Pension Plan contributions: (amount from line 308 of your federal Schedule 1) (amount from line 310 of your federal Schedule 1) 5824 + 5828 + 6 7

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Employment Insurance premiums Adoption expenses Pension income amount (maximum $1,000) Caregiver amount Disability amount (for self)

(amount from line 312 of your federal Schedule 1) (see line 5833 in the forms book) (see line 5836 in the forms book) (see line 5844 in the forms book) (use provincial worksheet)

5832 + 5833 + 5836 + 5840 + 5844 + 5848 + 5852 + 5856 + 9

8

10 11 12 13 14 15

(use provincial worksheet)

Disability amount transferred from a dependant Interest paid on your student loans Your tuition and education amounts

(amount from line 319 of your federal Schedule 1) [attach Schedule NL(S11)]

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Tuition and education amounts transferred from a child Amounts transferred from your spouse or common-law partner [attach Schedule NL(S2)]

5860 +

16

5864 + 18

17

Medical expenses from line 330 of your federal Schedule 1

5868

Enter $1,694 or 3% of net income from line 236 of your return, whichever is less. Line 18 minus line 19 (if negative, enter "0") Allowable amount of medical expenses for other dependants calculated for line 5872 on the "Provincial Worksheet" Add lines 20 and 21.

­ =

19 20

5872 + 5876 =

21

+

22

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Add lines 1 to 17 and 22.

5880 = 23

Non-refundable tax credit rate Multiply line 23 by line 24. Donations and gifts: Amount from line 345 of your federal Schedule 9

×
5884 =

7.7%

24 25

× ×
Add lines 26 and 27.

7.7%

= + 5896 = +

26 27

Amount from line 347 of your federal Schedule 9 15.5% =

Newfoundland and Labrador Add lines 25 and 28. non-refundable Enter this amount on line 41. tax credits
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28

6150 =

29

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Step 2 ­ Newfoundland and Labrador tax on taxable income
Enter your taxable income from line 260 of your return. Use the amount at line 30 to determine which ONE of the following columns If line 30 is you have to complete. $31,061 or less Enter the amount from line 30 in the applicable column. Line 31 minus line 32 (cannot be negative) Multiply line 33 by line 34. Add Newfoundland and lines 35 Labrador tax on and 36. taxable income 30 If line 30 is more than $31,061, but not more than $62,121

31

­ = × = + =

0 00 32 ­ 33 = 7.7% 34 × 35 = 0 00 36 + 37 = Go to Step 3

31,061 00

12.8%

2,392 00 Go to Step 3

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Use the amount at line 30 to determine which ONE of the following columns you have to complete. If line 30 is more than $62,121 Enter the amount from line 30 in the applicable column.

31

­
Line 31 minus line 32 (cannot be negative) Multiply line 33 by line 34. Add lines 35 and 36 Newfoundland and Labrador tax on taxable income

62,121 00 32 33 15.5% 34 35 6,367 00 36 37 Go to Step 3 continue on next page

= × = + =

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Step 3 ­ Newfoundland and Labrador tax
Enter your Newfoundland and Labrador tax on taxable income from line 37. Enter your Newfoundland and Labrador tax on split income from Form T1206. Add lines 38 and 39. Enter your Newfoundland and Labrador non-refundable tax credits from line 29. NL dividend tax credit: Credit calculated for line 6152 on the "Provincial Worksheet" NL overseas employment tax credit: Amount from line 426 of federal Schedule 1 6152 + 42 6151 + 38 39 40 41

=

× 51.3% =

6153 +

43

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NL minimum tax carryover: Amount from line 427 of federal Schedule 1

× 51.3% =
Add lines 41 to 44.

6154 +

44

= ­
45 46

Line 40 minus line 45 (if negative, enter "0") NL additional tax for minimum tax purposes: Amount from line 117 of Form T691

=

× 51.3% =
Add lines 46 and 47.

+ =

47 48

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Enter the provincial foreign tax credit from Form T2036. Line 48 minus line 49 (if negative, enter "0") Political contribution tax credit Newfoundland and Labrador political contributions made in 2009 Credit calculated for line 52 on the "Provincial Worksheet" 6175

­ =

49 50

51

(maximum $500)

Line 50 minus line 52 (if negative, enter "0") Labour-sponsored venture capital tax credit Enter the credit amount from the Certificate(s) NL LSVC-1. (see line 54 in the forms book)

­ =

52 53

6176 ­

54 55

Line 53 minus line 54 (if negative, enter "0")

=

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Direct equity tax credit Enter the direct equity tax credit from Form T1272. Line 55 minus line 56 (if negative, enter "0") NL resort property investment tax credit Enter the resort property investment tax credit from Form T1297. Line 57 minus line 58 (if negative, enter "0")

­ =

56 57

­ =

58 59

Newfoundland and Labrador low-income tax reduction If you had a spouse or common-law partner on December 31, 2009, you have to agree on who will claim this tax reduction. Only one of you can claim it for your family. However, any unused amount can be claimed by the other person. Enter the amount from line 59 above [on the previous page]. 60

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Unused low-income tax reduction from your spouse or common-law partner, if applicable Line 60 minus line 61 (if negative, enter "0")

6186 ­

61 62

=

(If you claimed an amount on line 61, enter "0" on line 79.) Adjusted family income for the calculation of the Newfoundland and Labrador low-income tax reduction Column 2 Column 1 Your spouse or You common-law partner Enter the net income amount from line 236 of the return. 63 63 Total of the Universal Child Care Benefit repayment (line 213 of the return) and the registered disability savings plan income repayment (included on line 232)

+
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64

+

64

Column 1 You

Column 2 Your spouse or common-law partner 65

Add lines 63 and 64. Total of the Universal Child Care Benefit income (line 117 of the return) and the registered disability savings plan income (line 125 of the return) Line 65 minus line 66 (if negative, enter "0")

=

=

65

­ =

66 67

­ =

66 67

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Add the amounts on line 67 in column 1 and column 2, if applicable. Enter the amount on line 74 on Adjusted page 15 [below]. family income Enter the amount from line 62 on page 12 [above]. Basic reduction Reduction for your spouse or common-law partner claim $558 claim $280 6187 6188 + 6189 + 70 71 72 73

68 69

Reduction for an eligible dependant claimed on line 5816 claim $280 Add lines 70, 71, and 72.

(maximum $838)

=

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Adjusted family income Enter the amount from line 68 on page 14 [above]. If you claimed an amount on lines 71 or 72, enter $26,625; otherwise, enter $15,911. Line 74 minus line 75 (if negative, enter "0") Applicable rate Multiply line 76 by line 77. 74

­ = × = ­
16%

75 76 77

78

Line 73 minus line 78 (if negative, enter "0")

Newfoundland and Labrador low-income tax reduction

= ­
79

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Line 69 minus line 79 (if negative, enter "0") Enter the result on line 428 of your return.

Newfoundland and Labrador tax

=

80

Unused low-income tax reduction that can be claimed by your spouse or common-law partner Amount from line 79 Amount from line 60 Line 81 minus line 82 (if negative, enter "0") Unused amount 81

­ =

82 83

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