Free untitled - Canada

ON428 T1 General ­ 2009

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

Step 1 ­ Ontario non-refundable tax credits
For internal use only Basic personal amount Age amount (if born in 1944 or earlier) (use provincial worksheet) Base amount Minus: his or her net income from page 4 [1] of your return claim $8,881 5605 5804 1

(maximum $4,336)

5808 + 8,295 00

2

Spouse or common-law partner amount

­
continue on next page
ON428 ­ 1

Result: (if negative, enter "0") (maximum $7,541) Amount for an eligible dependant Amount for infirm dependants age 18 or older Canada Pension Plan or Quebec Pension Plan contributions: (use provincial worksheet) (use provincial worksheet)

=
5812 + 5816 + 5820 + 3 4 5

(amount from line 308 of your federal Schedule 1)

5824 + 5828 +

6 7

(amount from line 310 of your federal Schedule 1) Employment Insurance premiums Adoption expenses (amount from line 312 of your federal Schedule 1) (see line 5833 in the forms book)

5832 + 5833 + 9

8

ON428 ­ 2

Pension income amount (maximum $1,228) Caregiver amount Disability amount (for self)

(see line 5836 in the forms book) (see line 5844 in the forms book) (use provincial worksheet)

5836 + 5840 + 5844 + 5848 + 5852 + 5856 + 5860 +

10 11 12 13 14 15 16

(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 ON(S11)]

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

5864 + continue on next page

17

ON428 ­ 3

Medical expenses

(see line 5868 in the forms book)

5868

18

Enter $2,010 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

+
Add lines 1 to 17 and line 22. 5880 =

22

23 Non-refundable tax credit rate Multiply line 23 by line 24.
ON428 ­ 4

×
5884 =

6.05%

24 25

Donations and gifts: Amount from line 345 of your federal Schedule 9

× 6.05 % =
Amount from line 347 of your federal Schedule 9

26

× 11.16 % =
Add lines 26 and 27.

+ 5896 = +

27

28

Add lines 25 and 28. Enter this amount on line 41.

Ontario non-refundable tax credits

6150 =

29

Step 2 ­ Ontario tax on taxable income
Enter your taxable income from line 260 of your return. If this amount is more than $20,000, you must complete Step 7, Ontario Health Premium. continue on next page
ON428 ­ 5

30

Use the amount at line 30 to determine which ONE of the following columns you have to complete. If line 30 is more than If line 30 is $36,848, but not $36,848 more than $73,698 or less 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 Ontario tax on and 36. taxable income

0 00 32 ­ 33 = 6.05 % 34 × 35 = 0 00 36 + 37 =

36,848 00

= × = + =
ON428 ­ 6

9.15 %

2,229 00

Use the amount at line 30 to determine which ONE of the following columns you have to complete. If line 30 is more than $73,698 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 Ontario tax on and 36. taxable income

73,698 00 32 33 11.16 % 34 35 5,601 00 36 37 continue on next page

= × = + =

ON428 ­ 7

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

=

× 38.5% =
Ontario minimum tax carryover:

6153 +

43

Amount from line 427 of the federal Schedule 1

× 40.33% =
ON428 ­ 8

6154 +

44

Add lines 41 to 44.

= ­
45 46

Line 40 minus line 45 (if negative, enter "0") Ontario additional tax for minimum tax purposes: Amount from line 95 of Form T691

=

× 40.33% =
Add lines 46 and 47. Ontario surtax (Line 48 minus $4,257)

+ =

47 48

× 20% (if negative, enter "0")
(Line 48 minus $5,370)

=

49

× 36% (if negative, enter "0")

=

+

50

continue on next page
ON428 ­ 9

Add lines 49 and 50.

= +
51 52

Add lines 48 and 51.

=

If you are not claiming an Ontario Tax Reduction and the credits in Steps 5 and 6, enter the amount from line 52 on line 67 and complete Step 7. Otherwise, continue below.

Step 4 ­ Ontario Tax Reduction
Basic reduction If you had a spouse or common-law partner on December 31, 2009, only the individual with the higher net income can claim the amounts on lines 54 and 55. 205 00 53

ON428 ­ 10

Reduction for dependent children born in 1991 or later Number of dependent children 6269

× $379 =

+

54

Reduction for disabled or infirm dependants (see line 55 in the forms book) Number of disabled or infirm dependants Add lines 53, 54, and 55. Enter the amount from line 56. Enter the amount from line 52. Line 57 minus line 58 (if negative, enter "0") Ontario Tax Reduction claimed 6097

× $379 =

+ =

55 56 57

× 2 = ­ = ­

58

59 60

Line 52 minus line 59 (if negative, enter "0")
ON428 ­ 11

=
continue on next page

Enter the amount from line 60 on the previous page

61

Step 5 ­ Ontario foreign tax credit
Enter the Ontario foreign tax credit from Form T2036. Line 61 minus line 62

­ =

62 63

Step 6 ­ Ontario labour sponsored investment fund (LSIF) tax credit
Total cost of shares from boxes 02 and 04 of LSIF tax credit certificate(s) (max. $1,125) A × 15 % = Total cost of ROIF eligible shares from boxes 03 and 05 of LSIF tax credit certificate(s) B

6275

64

× 5% =

(max. $375)

6276 +

65

ON428 ­ 12

Add lines 64 and 65.

LSIF tax credit

= ­
66 67

Line 63 minus line 66 (if negative, enter "0")

=

Step 7 ­ Ontario Health Premium
If your taxable income (from line 30) is not more than $20,000, enter "0". Otherwise, enter the amount calculated in the chart on Ontario pages 14 to 16 [below]. Health Premium Add lines 67 and 68. Enter the result on line 428 of your return.

+

68

Ontario tax

=

69

continue on next page
ON428 ­ 13

Ontario Health Premium Chart
Enter your taxable income from line 30. Use the amount on line 1 to find the row that applies to you. If there is an Ontario Health Premium amount in your row, enter that amount on line 68 on page 13 [above]. Otherwise, you have to complete the calculation in your row. Enter your taxable income in the first box, complete the calculation, and enter the result on line 68 on page 13 [above]. 1

ON428 ­ 14

Taxable Income not more than $20,000 more than $20,000, but not more than $25,000

Ontario Health Premium $0

­ ×
6% =

$20,000

=

more than $25,000, but not more than $36,000 more than $36,000, but not more than $38,500

$300

­ ×
6% =

$36,000

= + $300 =
$450

more than $38,500, but not more than $48,000 more than $48,000, but not more than $48,600

­ × 25% =

$48,000

= + $450 =
ON428 ­ 15

continue on next page

Taxable Income more than $48,600, but not more than $72,000 more than $72,000, but not more than $72,600

Ontario Health Premium $600

­ × 25% =

$72,000

= + $600 =
$750

more than $72,600, but not more than $200,000 more than $200,000, but not more than $200,600

­ $200,000 = × 25% =
more than $200,600

+ $750 =
$900

ON428 ­ 16