Determine the amount of federal taxes owing (before tax credits) for 2017: $62,500 $1,000 $63,500 Net...

 

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Determine the amount of federal taxes owing (before tax credits) for 2017: $62,500 $1,000 $63,500 Net Employment Income Interest Income Total REQUIRED: Use Schedule 1 to complete your answer. Step 1- Federal non-refundable tax credits Basic personal amount Age amount (H you were bom in 1952 or earlior) (use the federal worksheet) Spouse or common-law partner amount (attach Schedule 5) Canada caregiver amount for spouse or common-law partner, or eligible dependant age 18 or older (attach Schedule 5) claim $11,635 300 (maximum $7,225)301+ 303+ 304+ 305+ 307+ 4 Amount tor an eligible dependant (attach Schedule 5) Canada caregiver amount for othor infim depondants age 18 or older (attach Schedule 5) Canada carogiver amount for infirm children under 18 yoars of age Entor the numbar of children for whom you are claiming this amount 352 x 2,150 = 367+ CPP or QPP contributions: through employment from bax 16 and box 17 of all T4 slips (attach Schedule 8 or Form RC381, whichover applios) on self-employment and other eamings (attach Schedule 8 or Form RC381, whichever applies) Employment insurance premiums: through employment from box 18 and box 55 of all T4 slips on self-employment and other eligible eamings (attach Schedule 13) Volunteer firefighters' amount Search and rescue volunteers' amount 308+ 310+ (maximum $836.19) 312+ 317+ 362+ 395+ 10 11 12 13 Canada employment amount (If you reported employment income on line 101 or line 104, seo line 363 in the guide.) (maximum $1,178) 363+ Public transit amount (only claim amounts from January 1 to June 30, 2017) Home accessibility expenses (attach Schedule 12) Home buyers' amount Adoption expenses Pension income amount (use the federal worksheet) Disability amount (for self) (claim $8,113, or if you were under 18 years of age, use the federal worksheet) 316+ Disability amount transferred from a dependant (use the federal worksheet) Interest paid on your student loans Your tuition, education, and textbook amounts (attach Schedule 11) Tuition amount transferred from a child Amounts transfered from your spouse or common-law partner (attach Schedule 2) Medical expenses for self, spouse or common-law partner, and your dopendent chilidren born in 2000 or later Enter $2.268 or 3% of line 236 of your return, whichever is less. Line 26 minus line 27 (f negative, enter "0") Allowable amount of medical expenses for other dependants (do the calculation at line 331 in the guide) 14 364+ 398+ 369+ 313+ (maximum $2,000) 314+ 15 16 17 18 19 20 318+ 319+ 323+ 324+ 326 21 22 23 24 25 330 26 27 28 331 29 332+ 335= Add lines 28 and 29. Add lines 1 to 25, and line 30. Federal non-refundable tax credit rate 30 31 15% 32 Multiply line 31 by line 32. Donations and gifts (attach Schedule 9) 338 349+ 33 34 Add lines 33 and 34. Enter this amount on line 47 on the next page. Total federal non-refundable tax credits 350E 35 128 Entor your taxable Income from line 260 of your roturn. Completa the appropriato column depending on the $45,016 or less amount on line 36. Line 36 is Line 36 is more than $45,916 but not more than $01,831 Line 36 is mora than $01,831 but not more than $142,353 Line 38 is moro than $142,353 but not more than $202,800 Line 36 is more than $202,800 Entor the amount from line 36. 37 45,916 00 Line 37 minus line 38 0 00 91,831 00 142,353,00 202,800,00 38 (cannot be negative) Mutiply line 30 by line 40. %3D 39 15% 20.5% x 26% 29% 33% 40 %3D 41 0,00 6,887 00 16,300 00 + 29,436,00 46,965,00 42 Add linos 41 and 42. 43 Step 3- Net fecderal tax Entor the amount from line 43. Federal tax on split income (from line 5 of Form T1206) Add lines 44 and 45. 44 424+ 404= 45 46 Enter your total federal non-refundable tax credits from line 35 on the previous page 350 425 427 47 Federal dividend tax credit Minimum tax carryover (attach Form T601) Add lines 47, 48, and 49. •48 49 50 Line 46 minus line 50 (if negative, enter "0") Basic federal tax 429 = 51 Federal foreign tax credit (attach Form T2200) 405- 52 Line 51 minus line 52 (if negative, enter "0") Federal tax 406= 53 Total federal political contributions (attach receipts) 409 54 Federal political contribution tax credit (use the federal worksheet) Investment tax credit (attach Form T2038(IND)) (maximum $650) 410 412+ •55 56 Labour-sponsored funds tax credit (see lines 413 and 414 in the guide) Net cost of shares of a provincially registered fund 413 Allowable credit 414+ 416= •57 Add lines 55, 56, and 57. Line 53 minus line 58 (if negative, enter "0") If you have an amount on line 45 above, see Form T1206. Working income tax benefit advance payments received (box 10 of the AC210 sip) 58 417= 50 415+ 60 Special taxes (see line 418 in the guide) Add lines 50, 60, and 61. Enter this amount on line 420 of your returm. 418+ 61 Not federal tax 420= 62 Determine the amount of federal taxes owing (before tax credits) for 2017: $62,500 $1,000 $63,500 Net Employment Income Interest Income Total REQUIRED: Use Schedule 1 to complete your answer. Step 1- Federal non-refundable tax credits Basic personal amount Age amount (H you were bom in 1952 or earlior) (use the federal worksheet) Spouse or common-law partner amount (attach Schedule 5) Canada caregiver amount for spouse or common-law partner, or eligible dependant age 18 or older (attach Schedule 5) claim $11,635 300 (maximum $7,225)301+ 303+ 304+ 305+ 307+ 4 Amount tor an eligible dependant (attach Schedule 5) Canada caregiver amount for othor infim depondants age 18 or older (attach Schedule 5) Canada carogiver amount for infirm children under 18 yoars of age Entor the numbar of children for whom you are claiming this amount 352 x 2,150 = 367+ CPP or QPP contributions: through employment from bax 16 and box 17 of all T4 slips (attach Schedule 8 or Form RC381, whichover applios) on self-employment and other eamings (attach Schedule 8 or Form RC381, whichever applies) Employment insurance premiums: through employment from box 18 and box 55 of all T4 slips on self-employment and other eligible eamings (attach Schedule 13) Volunteer firefighters' amount Search and rescue volunteers' amount 308+ 310+ (maximum $836.19) 312+ 317+ 362+ 395+ 10 11 12 13 Canada employment amount (If you reported employment income on line 101 or line 104, seo line 363 in the guide.) (maximum $1,178) 363+ Public transit amount (only claim amounts from January 1 to June 30, 2017) Home accessibility expenses (attach Schedule 12) Home buyers' amount Adoption expenses Pension income amount (use the federal worksheet) Disability amount (for self) (claim $8,113, or if you were under 18 years of age, use the federal worksheet) 316+ Disability amount transferred from a dependant (use the federal worksheet) Interest paid on your student loans Your tuition, education, and textbook amounts (attach Schedule 11) Tuition amount transferred from a child Amounts transfered from your spouse or common-law partner (attach Schedule 2) Medical expenses for self, spouse or common-law partner, and your dopendent chilidren born in 2000 or later Enter $2.268 or 3% of line 236 of your return, whichever is less. Line 26 minus line 27 (f negative, enter "0") Allowable amount of medical expenses for other dependants (do the calculation at line 331 in the guide) 14 364+ 398+ 369+ 313+ (maximum $2,000) 314+ 15 16 17 18 19 20 318+ 319+ 323+ 324+ 326 21 22 23 24 25 330 26 27 28 331 29 332+ 335= Add lines 28 and 29. Add lines 1 to 25, and line 30. Federal non-refundable tax credit rate 30 31 15% 32 Multiply line 31 by line 32. Donations and gifts (attach Schedule 9) 338 349+ 33 34 Add lines 33 and 34. Enter this amount on line 47 on the next page. Total federal non-refundable tax credits 350E 35 128 Entor your taxable Income from line 260 of your roturn. Completa the appropriato column depending on the $45,016 or less amount on line 36. Line 36 is Line 36 is more than $45,916 but not more than $01,831 Line 36 is mora than $01,831 but not more than $142,353 Line 38 is moro than $142,353 but not more than $202,800 Line 36 is more than $202,800 Entor the amount from line 36. 37 45,916 00 Line 37 minus line 38 0 00 91,831 00 142,353,00 202,800,00 38 (cannot be negative) Mutiply line 30 by line 40. %3D 39 15% 20.5% x 26% 29% 33% 40 %3D 41 0,00 6,887 00 16,300 00 + 29,436,00 46,965,00 42 Add linos 41 and 42. 43 Step 3- Net fecderal tax Entor the amount from line 43. Federal tax on split income (from line 5 of Form T1206) Add lines 44 and 45. 44 424+ 404= 45 46 Enter your total federal non-refundable tax credits from line 35 on the previous page 350 425 427 47 Federal dividend tax credit Minimum tax carryover (attach Form T601) Add lines 47, 48, and 49. •48 49 50 Line 46 minus line 50 (if negative, enter "0") Basic federal tax 429 = 51 Federal foreign tax credit (attach Form T2200) 405- 52 Line 51 minus line 52 (if negative, enter "0") Federal tax 406= 53 Total federal political contributions (attach receipts) 409 54 Federal political contribution tax credit (use the federal worksheet) Investment tax credit (attach Form T2038(IND)) (maximum $650) 410 412+ •55 56 Labour-sponsored funds tax credit (see lines 413 and 414 in the guide) Net cost of shares of a provincially registered fund 413 Allowable credit 414+ 416= •57 Add lines 55, 56, and 57. Line 53 minus line 58 (if negative, enter "0") If you have an amount on line 45 above, see Form T1206. Working income tax benefit advance payments received (box 10 of the AC210 sip) 58 417= 50 415+ 60 Special taxes (see line 418 in the guide) Add lines 50, 60, and 61. Enter this amount on line 420 of your returm. 418+ 61 Not federal tax 420= 62

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