Free untitled - Canada

PE428 T1 General ­ 2009

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

Step 1 ­ Prince Edward Island non-refundable tax credits
For internal use only Basic personal amount claim $7,708 Age amount (if born in 1944 or earlier) (use provincial worksheet) (maximum $3,764) Spouse or common-law partner amount Base amount 7,201 00 continue on next page
PE428 ­ 1

5601 5804 1

5808 +

2

Minus: his or her net income from page 4 [1] of your return Result: (if negative, enter "0") (maximum $6,546) Amount for an eligible dependant Amount for infirm dependants 18 years of age or older (use provincial worksheet) (use provincial worksheet)

­ =
5812 + 5816 + 5820 + 3 4 5

Amount for young children (see line 5823 in the forms book). (Complete the chart on page 16 [the last page] ) Number of months 6372

× $100 =

5823 +

6

Canada Pension Plan or Quebec Pension Plan contributions (amount from line 308 of your federal Schedule 1)
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5824 +

7

(amount from line 310 of your federal Schedule 1) (amount from line 312 of your federal Employment Insurance Schedule 1) premiums Pension income amount (maximum $1,000) Caregiver amount Disability amount (for self) (see line 5836 in the forms book) (see line 5844 in the forms book) (use provincial worksheet) (maximum $500)

5828 +

8

5832 + 5836 + 5840 + 5844 + 5848 + 5850 + 5852 + 5856 +

9 10 11 12 13 14 15 16

(use provincial worksheet)

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

(amount from line 319 of your federal Schedule 1) [attach Schedule PE(S11)]
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Tuition and education amounts transferred from a child Amounts transferred from your spouse or common-law partner [attach Schedule PE(S2)]

5860 +

17

5864 + 19

18

Medical expenses from line 330 of your federal Schedule 1 Enter $1,678 or 3% of net income from line 236 of your return, whichever is less. Line 19 minus line 20 (if negative, enter "0") Allowable amount of medical expenses for other dependants calculated for line 5872 on the "Provincial Worksheet" Add lines 21 and 22.

5868

­ =

20 21

5872 + 5876 =

22

+

23

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Add lines 1 through 18 and line 23.

5880 = 24

Non-refundable tax credit rate Multiply line 24 by line 25. Donations and gifts Amount from line 345 of your federal Schedule 9

×
5884 =

9.8%

25 26

×

9.8%

= + 5896 = +

27 28

Amount from line 347 of your federal Schedule 9

× 16.7% =
Add lines 27 and 28.

Add lines 26 and 29. Enter this amount on line 42.

29

Prince Edward Island non-refundable tax credits
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6150 =

30

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Step 2 ­ Prince Edward Island tax on taxable income
Enter your taxable income from line 260 of your return. Use the amount at line 31 to determine which ONE of the following columns If line 31 is you have to complete. $31,984 or less Enter the amount from line 31 in the applicable column. Line 32 minus line 33 (cannot be negative) Multiply line 34 by line 35. Add lines 36 and 37. Prince Edward Island tax on taxable income 31 If line 31 is more than $31,984, but not more than $63,969

32

­ = × = + =

0 00 33 ­ 34 = 9.8% 35 × 36 = 0 00 37 + 38 = Go to Step 3

31,984 00

13.8%

3,134 00 Go to Step 3

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Use the amount at line 31 to determine which ONE of the following columns you have to complete. If line 31 is more than $63,969 Enter the amount from line 31 in the applicable column.

32

­
Line 32 minus line 33 (cannot be negative) Multiply line 34 by line 35. Add lines 36 and 37. Prince Edward Island tax on taxable income

63,969 00 33 34 16.7% 35 36 7,548 00 37 38 Go to Step 3 continue on next page

= × = + =

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Step 3 ­ Prince Edward Island tax
Enter your Prince Edward Island tax on taxable income from line 38. Enter your Prince Edward Island tax on split income from Form T1206. Add lines 39 and 40. Enter your Prince Edward Island non-refundable tax credits from line 30. Prince Edward Island dividend tax credit: Credit calculated for line 6152 on the "Provincial Worksheet" 6152 + 43 6151 + 39 40 41 42

=

Prince Edward Island overseas employment tax credit: Amount from line 426 of federal Schedule 1

× 57.5% =
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6153 +

44

Prince Edward Island minimum tax carryover: Amount from line 427 of federal Schedule 1

× 57.5% =
Add lines 42 through 45.

6154 +

45

= ­
46 47

Line 41 minus line 46 (if negative, enter "0") Prince Edward Island additional tax for minimum tax purposes: Amount from line 117 of Form T691

=

× 57.5% =
Add lines 47 and 48.

+ =

48 49

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P.E.I. surtax: (Amount from line 49 × 10% (if negative, enter "0") Add lines 49 and 50. minus $12,500)

=

+ =

50 51

Prince Edward Island 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. Unused low-income tax reduction from your spouse or common-law partner, if applicable Line 51 minus line 52 (if negative, enter "0") 6342 ­ 52 53

=

(If you claimed an amount on line 52, enter "0" on line 71.)

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Adjusted family income for the calculation of the Prince Edward Island low-income tax reduction Column 1 You Enter the net income amount from line 236 of the return. Universal Child Care Benefit repayment: Enter the amount from line 213 of the return. Add lines 54 and 55. Universal Child Care Benefit income: Enter the amount from line 117 of the return. Column 2 Your spouse or common-law partner 54 54

+ =

55 56

+ =

55 56

­

57

­

57

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Line 56 minus line 57 (if negative, enter "0")

=

58

=

58

Add the amounts on line 58 in column 1 and column 2, if applicable. Enter the amount on line 66 on the Adjusted next page. family income Enter the amount from line 53 on page 10 [the previous page]. Basic reduction Reduction for spouse or common-law partner Reduction for an eligible dependant claimed on line 5816 (see line 63 in the forms book) claim $250 claim $250 6339 6340 + 61 62

59 60

claim $250

6341 +

63

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Reduction for dependent children born in 1991 or later Number of dependent children 6099

× $200 =

Add lines 61 through 64. Adjusted family income Enter the amount from line 59 on the previous page. Base amount Line 66 minus line 67 (if negative, enter "0") Applicable rate Multiply line 68 by line 69.

+ =

64 65

66

­ 15,000 00 67 = 68 5% × 69 = ­
70

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Line 65 minus line 70 (if negative, enter "0")

Prince Edward Island low-income tax reduction

= ­
71 72 73 74

Line 60 minus line 71 (if negative, enter "0") Enter the provincial foreign tax credit from Form T2036. Line 72 minus line 73 (if negative, enter "0")

= ­ =

Prince Edward Island political contribution tax credit Prince Edward Island political contributions made in 2009 Credit calculated for line 76 on the "Provincial Worksheet" 6338 (maximum $500) 75

­

76

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Line 74 minus line 76 (if negative, enter "0") Enter this result on line 428 of your return.

Prince Edward Island tax

=

77

Unused low-income tax reduction that can be claimed by your spouse or common-law partner Amount from line 71 Amount from line 51 Line 78 minus line 79 (if negative, enter "0") Unused amount 78

­ =

79 80

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Details of amount for young children (if you need more space, attach a separate sheet of paper) Child's name Relationship to you

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Child's date of birth Year Month Day

Number of eligible months

Year

Month

Day

+
Year Month Day

+
Total number of eligible months for all children

=

Enter this amount beside box 6372 on page 2 [the first page].

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