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 + continue on next page

3

5005-S1 ­ 1

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

= × $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 (see the guide) (maximum $583.74)
5005-S1 ­ 2

306 +

6

308 + 310 + 312 +

7 8 9

Provincial Parental Insurance Plan (PPIP) premiums paid (amount from box 55 on all T4 slips) (maximum $300.08) PPIP premiums payable on employment income (attach Schedule 10) PPIP premiums payable on self-employment income (attach Schedule 10) 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)

375 + 376 + 378 +

10 11 12

363 + 364 + 365 + 368 + 369 +

13 14 15 16 17

continue on next page
5005-S1 ­ 3

Adoption expenses Pension income amount (use federal worksheet) (maximum $2,000)

313 + 314 + 315 + 316 + 318 + 319 + 323 + 324 + 326 +

18 19 20 21 22 23 24 25 26

Caregiver amount (use federal worksheet and attach Schedule 5) Disability amount (for self) (claim $7,196 or, if you were under 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)

5005-S1 ­ 4

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") 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).

330

­ =
(A)

331 +

(B)

=
332 + 27 28 29 30

Add lines 1 to 27. Multiply the amount on line 28 by 15%. Donations and gifts (attach Schedule 9)

335 = 338 = 349 + continue on next page
5005-S1 ­ 5

Total federal non-refundable tax credits: add lines 29 and 30.

350 =

31

Step 2 ­ Federal tax on taxable income
Enter your taxable income from line 260 of your return. 32

5005-S1 ­ 6

Use the amount on line 32 to determine which ONE of the following columns you have to complete. If line 32 is $40,726 or less Enter the amount from line 32. Base amount Line 33 minus line 34 (cannot be negative) Rate Multiply line 35 by line 36. Tax on base amount Add lines 37 and 38. If line 32 is more than $40,726 but not more than $81,452

33 00,000 00 34 ­ 40,726 00

= × = =
15%

35 = 36 × 37 = 00,000 00 38 + 39 = continue on next page 6,109 00 22%

5005-S1 ­ 7

Use the amount on line 32 to determine which ONE of the following columns you have to complete. If line 32 is more than $81,452 but not more than $126,264 Enter the amount from line 32. Base amount Line 33 minus line 34 (cannot be negative) Rate Multiply line 35 by line 36. Tax on base amount Add lines 37 and 38. If line 32 is more than $126,264

33 81,452 00 34 ­ 126,264 00

= × = =
26%

35 = 36 × 37 = 15,069 00 38 + 39 = 26,720 00 29%

5005-S1 ­ 8

Step 3 ­ Net federal tax
Enter the amount from line 39 on page 7 or 8 [above]. Federal tax on split income (from line 5 of Form T1206) Add lines 40 and 41. 424 + 404 = 42 Enter your non-refundable tax credits from line 31. Federal dividend tax credit (see line 425 in the guide) Overseas employment tax credit (attach Form T626) 350 425 + 426 + 43 44 45 40 41

continue on next page
5005-S1 ­ 9

Minimum tax carryover (attach Form T691) Add lines 43 to 46.

427 +

46

= ­
47 48 49

Basic federal tax: line 42 minus line 47 (if negative, enter "0") Federal foreign tax credit (attach Form T2209) Federal tax: line 48 minus line 49 (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 =

50

51 52

412 +
5005-S1 ­ 10

Labour-sponsored funds tax credit Net cost Allowable credit Add lines 51 to 53. 413 414 + 416 = 53

­
Line 50 minus line 54 (if negative, enter "0") (if you have an amount on line 41 on page 9 [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 55 to 57 Enter this amount on line 420 of your return.

54

417 =

55

415 + 418 + 420 =

56 57 58

5005-S1 ­ 11