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Period Expenditures incurred Grant amount received Date received 1 October 1, 2014 – October 31, 2014 $35,000 $35,000 November 30, 2014 2 November 1, 2014 – December 31, 2014 $77,500 $77,500 February 10, 2015 3 January 1, 2015 – March 31, 2015 $100,800 $100,800 April 2, 2015 4 April 1, 2015 – July 31, 2015 $50,000 $50,000 November 2, 2015* * The claim was filed with the granting government department on August 1, 2015. ... The claimant is using the proxy method Current SR&ED expenditures: salaries of $800,000 prescribed proxy amount (PPA) of $440,000 ($800,000 × 55%) Calculating the OITC Type of expenditure Amount × refundable rate × OITC rate Amount Current expenditures $800,000 × 100% × 10% $80,000 (A) PPA $440,000 × 100% × 10% 44,000 * Total OITC N/A $124,000 OITC is applied in a pecking order by type of expenditures (current, PPA, then capital if acquired prior to 2014). * The OITC amount ($44,000) related to the PPA should be added to income under paragraph 12(1)(x) of the Income Tax Act on Schedule 1 of the federal corporate income tax return in the year it is received. ... Calculating the Ontario research and development tax credit (ORDTC) Type of expenditure Calculation: Amount minus OITC × ORDTC rate Amount Current expenditures ($800,000 – $80,000) × 4.5% $32,400(B) PPA ($440,000 – $44,000) × 4.5% 17,820* ORDTC N/A $50,220 * The ORDTC amount ($17,820) related to the PPA should be added to income on T2SCH1, Net Income (Loss) for Income Tax Purposes of the federal corporation income tax return in the year it is applied to reduce Ontario taxes. ...

Registered Plans Directorate technical manual On this page... 20 8517 – Transfer – Defined Benefit to Money Purchase 20.1 8517(1) – Prescribed Amount 20.2 8517(2) – Minimum Prescribed Amount 20.3 8517(3), (3.01), (3.02) – Underfunded Pension 20.4 8517(3.1) – Benefits Provided with Surplus on Wind-up 20.5 8517(4) – Amounts of Lifetime Retirement Benefits Commuted 20.6 8517(5) – Normalized Pension 20 8517 – Transfer – Defined Benefit to Money Purchase 20.1 8517(1) – Prescribed Amount The prescribed amount is a maximum that limits the amount that may be transferred to an RRSP, RRIF, or MP provision from a DB provision of an RPP under subsection 147.3(4) of the Act. ... Cross references: Transfer – Defined Benefit to Money Purchase, RRSP or RRIF – 147.3(4) Lump Sum Payments on Termination – 8503(2)(h) Commutation of Benefits – 8503(2)(m) Commutation of LRBs – 8503(7) Newsletter No. 94-2, Technical Questions and Answers 20.2 8517(2) – Minimum Prescribed Amount Subsection 8517(2) of the Regulations allows the greater of the amount determined under subsection 8517(1) and the amount in the member’s net contribution account, as defined in subsection 8503(1), to be transferred on a tax deferred basis. ... Cross reference: Designated Laws – 8513 Date modified: 2014-04-23 ...

Completing your Yukon forms Form YT428, Yukon Tax Step 1 – Yukon non-refundable tax credits Newcomers to Canada and emigrants Line 5804 – Basic personal amount Line 5808 – Age amount Line 5812 – Spouse or common-law partner amount Line 5816 – Amount for an eligible dependant Line 5825 – Family caregiver amount for children under 18 years of age Line 5820 – Amount for infirm dependants age 18 or older Line 5824 – CPP or QPP contributions through employment Line 5828 – CPP or QPP contributions on self-employment and other earnings Line 5832 – Employment insurance premiums through employment Line 5829 – Employment insurance premiums on self-employment and other eligible earnings Line 5834 – Canada employment amount Line 5835 – Public transit amount Line 5841 – Children's arts amount Line 5833 – Adoption expenses Line 5836 – Pension income amount Line 5840 – Caregiver amount Line 5844 – Disability amount (for self) Line 5848 – Disability amount transferred from a dependant Line 5852 – Interest paid on your student loans Line 5856 – Your tuition, education, and textbook amounts Line 5860 – Tuition, education, and textbook amounts transferred from a child Line 5864 – Amounts transferred from your spouse or common-law partner Line 5868 – Medical expenses for self, spouse or common-law partner, and your dependent children born in 1998 or later Line 5872 – Allowable amount of medical expenses for other dependants Line 5896 – Donations and gifts Step 2 – Yukon tax on taxable income Step 3 – Yukon tax Line 44 – Yukon tax on split income Line 52 – Yukon additional tax for minimum tax purposes Line 54 – Territorial foreign tax credit Lines 56 to 57 – Yukon political contribution tax credit Form YT479, Yukon Credits Line 1 – Children's fitness tax credit Lines 2 to 9 – Small business investment tax credit Lines 10 to 19 – Labour-sponsored venture capital corporation tax credit Line 20 – Research and development tax credit Line 22 – Yukon First Nations income tax credit For more information What's new for 2015? ... Line 5804 – Basic personal amount Claim $11,327. Line 5808 – Age amount You can claim this amount if you met the rules for claiming the amount on line 301 of federal Schedule 1. ... Step 2 – Yukon tax on taxable income Enter on line 35 your taxable income from line 260 of your return. ...

Appendix C- Topical Index Administrator Definition of Administrator – 147.1(1) Administrator – 147.1(6) Obligations of the Administrator – 147.1(7) Separate Liability for Obligations – 147.1(16) Amendments Acceptance of Amendments – 147.1(4) Amendment – 8512(2) Conditions Applicable to Amendments – 8511(1), 8511(2) Plan as Registered – 147.1(15) Breakdown in Marriage or Common-law Partnership Definition of Common-law Partner – 248(1) Benefits Payable after the Breakdown of Marriage or Common-law Partnership –8501(5) Spouse – 8500(5) Assignment of Rights – 8502(f) Division of Benefits on Breakdown of the Marriage or Common-law Partnership – 8503(3)(l) Permissible Benefits – 8502(c), 8503(2), 8506(1) Transfer to an RPP, RRSP or RRIF for Spouse, Common-law Partner on the Breakdown of Marriage or Common-law Partnership –147.3(5) Bridging Benefits Definition of Bridging Benefits – 8500(1) Bridging Benefits – 8503(2)(b) Money Purchase Bridging Benefits – 8506(1)(b) Bridging Benefits – Cross-plan Restriction – 8503(3)(k) Additional Bridging Benefits – 8503(2)(l) Survivor Bridging Benefits – 8503(2)(l.1) Bridging Benefits and Elections – 8503(7.1) Grandfathered Plan – Bridging Benefits – 8509(2)(a) Grandfathered Plan – Exemptions – Bridging Benefits – 8509(4)(b) Commutation of Lifetime Retirement Benefits – 8503(7) Retirement Benefits Before Age 65 – 8504(5) Conditions Applicable to Amendments – 8511(1) Commutation Commutation – Beneficiary's Benefits – 8503(2)(n) Commutation of Benefits – 8503(2)(m), 8506(1)(h) Commutation of Benefits after Death – Money Purchase –8506(1)(i) Commutation of Lifetime Retirement Benefits – 8503(7) Commuted Value – Pre-retirement Death – 8503(2)(i) Lump Sum Payment on Death – 8503(2)(j) Lump Sum Payments on Termination – 8503(2)(h) Definition of Single Amount – 147.1(1) Amount of Lifetime Retirement Benefits Commuted – 8517(4) Rule for Commutation of Benefits – 8503(2.1) Connected Persons Definition of Connected Person – 8500(3) Bridging Benefits – 8503(2)(b) Eligible Service – 8503(3)(a) Eligible Service – Disability – 8503(3)(a)(iv) Prescribed Compensation – 8507(1) Increased Benefits for Disabled Member – 8503(3)(d) Early Retirement – 8503(3)(c) Definition of Eligible Period of Reduced Pay – 8500(1) Definition of Eligible Period of Temporary Absence – 8500(1) Additional Prescribed Condition for Grandfathered Plans after 1991 – 8509(3) Grandfathered Plan – Acceptable to the Minister –8509(1)(d) Maximum Lifetime Retirement Benefits for Connected Persons – 8504(1)(a)(i) Special Rules – MEP – 8510(5) Pre-1991 Benefits – 8503(3)(e) Pre-retirement Survivor Benefits – 8503(2)(e) Prohibited Investments – 8514 Designated Plan – Specified Individuals – 8515(4) Active Member – 8500(1), 8500(7) Contributions – Employees Definition of Compensation – 147.1(1) Deductible Employee Contributions –147.2(4) Employee Contributions– Service After 1991 – 147.2(4)(a) Employee Contributions– Service Before 1990, While a Contributor – 147.2(4)(c) Employee Contributions– Service Before 1990, While not a Contributor – 147.2(4)(b) Permissible Contributions – 8502(b) Member Contributions – 8503(4)(a) Member Contributions – Contribution Limit – 8503(4)(a)(i) Member Contributions – Periods of Disability, Reduced Pay or Temporary Absence – 8503(4)(a)(ii) Member Contributions – Past Service Contributions – 8503(4)(a)(iii) Member Contributions for Unfunded Liability – 8501(6.1) & (6.2) Pre-payment of Member Contributions – 8503(4)(b) Reduction in Benefits and Return of Contributions – 8503(4)(c) Net Contribution Account – 8503(1) Waiver of Member Contribution Condition – 8503(5) Designated Plan – Eligible Contributions – 8515(5) Designated Plan – Member Contributions – 8515(9) Designated Plan – Prescribed Contributions – 8516(1) Teachers – 147.2(5) Definition of Additional Voluntary Contributions (AVCs) – 248(1) Deductible Contributions when a Taxpayer Dies – 147.2(6) Deemed Contribution – 8500(7) Contributions – Employers Deductible Employer Contributions – 147.2(1) Employer Contributions – Defined Benefit Provisions – 147.2(2) Filing of Actuarial Report –147.2(3) Permissible Contributions – 8502(b) Allocation of Employer Contributions – 8506(2)(b.1) Employer Contributions Acceptable to the Minister – 8506(2)(a) Employer Contributions not Permitted – 8506(2)(c) Employer Contributions with Respect to Particular Members – 8506(2)(b) Designated Plan – Prescribed Contributions – 8516(1) Indirect Contributions – 8501(6) Net Contribution Account – 8503(1) Past Service Employer Contribution – 8503(15) Reduction in Benefits and Return of Contributions – 8503(4)(c) Alternative Method for Allocating Employer Contributions – 8506(2.1) Definition of Actuary – 147.1(1) Deemed Contribution – 8500(7) Definition of Participating Employer – 147.1(1) Death Benefits Death Benefits – 8503(2)(a)(i) Additional Post-retirement Death Benefits – 8503(2)(k) Assignment of Rights – 8502(f) Definition of Beneficiary – 8500(1) Commutation – Beneficiary's Benefits – 8503(2)(n) Commuted Value – Pre-retirement Death – 8503(2)(i) Guarantee Period – 8503(2)(c) Pre-retirement Survivor Benefits – Guarantee Period – 8503(2)(g) Lump Sum Payment on Death – 8503(2)(j) Post-retirement Survivor Benefits – 8503(2)(d) Pre-retirement Survivor Benefits – 8503(2)(e), 8506(1)(e) Pre-retirement Survivor Benefits – Alternative Rule – 8503(2)(f) Pre-retirement Death Benefits – 8503(6) Transfer – Lump Sum Benefits on Death – 147.3(7) Undue Deferral of Payment – 8503(4)(d) Undue Deferral of Payment – Death of Member – 8506(2)(h) Undue Deferral of Payment – Death of Specified Beneficiary – 8506(2)(i) Grandfathered Plan – Exemptions – Death Benefits – 8509(4)(a) Optional Forms – Decreased – 8503(2)(a)(viii) Optional Forms – Increased – 8503(2)(a)(vii) Dependants Definition of Dependant – 8500(1) Definition of Eligible Survivor Benefit Period – 8500(1) Post-retirement Survivor Benefits – 8503(2)(d) Pre-retirement Survivor Benefits – 8503(2)(e), 8506(1)(e) Designated Plans Designated Plan – Eligible Contributions – 8515(5) Designated Plan – Exceptions – 8515(3) Designated Plan – Funding on Termination Basis – 8516(2) Designated Plan – Funding Restrictions –8515(6) Designated Plan – Maximum Funding Valuation –8515(7) Designated Plan – Member Contributions – 8515(9) Designated Plan – Prescribed Contributions – 8516(1) Designated Plan – Specified Individuals – 8515(4) Designated Plan in Previous Year – 8515(2) Designated Plans – 8515(1) Disability Definition of Disabled – 8500(1) Definition of Totally and Permanently Disabled – 8500(1) Definition of Period of Disability – 8500(1) Definition of Eligible Period of Reduced Pay – 8500(1) Definition of Eligible Period of Temporary Absence – 8500(1) Disability Benefits – 8503(2)(a)(vi) Increased Benefits for Disabled Member – 8503(3)(d) Evidence of Disability – 8503(4)(e) & (f) Suspension or Cessation of Pension – 8503(8) Bridging Benefits – 8503(2)(b) Member Contributions – Periods of Disability, Reduced Pay or Temporary Absence – 8503(4)(a)(ii) Early Retirement – 8503(3)(c), 8503(2)(a)(v) Eligible Service – Disability – 8503(3)(a)(iv) Increased Benefits for Disabled Member – 8503(3)(d) Excluded Benefits – 8504(10) Part-time Employees – Eligible Periods – 8504(4)(d) Prescribed Compensation – 8507(1) Complete Period of Reduced Pay – 8507(7) Re-employed Member – 8503(9) Active Member – 8500(1), 8500(7) Downsizing Acceptable Downsizing Program – 8505(2)(a) Downsizing – Additional Lifetime Retirement Benefits – 8505(3)(a) Downsizing – Alternative CPI Indexing – 8505(6) Downsizing – Commutation – 8505(3)(f) Downsizing – Duration of Program – 8505(2)(c) Downsizing – Early Retirement Reduction – 8505(4) Downsizing – Exception for Future Benefits – 8505(5) Downsizing – Exclusion from Maximum Pension Rules – 8505(7) Downsizing – Exemption from Past Service Contribution Rule – 8505(8) Downsizing – Maximum Additional Benefits – 8505(3)(d) Downsizing – Multiple Provisions – 8505(3)(g) Downsizing – Qualifying Individuals – 8505(2)(b) Downsizing – Qualifying Individuals – Exclusions – 8505(2.1) Downsizing Program – 8505(1) Applicability of Downsizing Rules – 8505(2) Guarantee Periods Guarantee Period – 8503(2)(c) Guarantee Period – Money Purchase– 8506(1)(c) Pre-retirement Survivor Benefits – Guarantee Period – 8503(2)(g) Additional Post-retirement Death Benefits – 8503(2)(k) Indexing Ad Hoc Increases – 8503(2)(a)(iii) Alternative CPI – 8504(13) Downsizing – Alternative CPI Indexing – 8505(6) Definition of Average Wage – 147.1(1) Definition of Average Consumer Price Index – 8500(1) Definition of Consumer Price Index (CPI) – 8500(1) Cost-of-living Increases – 8503(2)(a)(ii) Limits Dependent on Consumer Price Index – 8503(12) Indexing – 8504(1)(b) Interest Net Contribution Account – 8503(1) Permissible Distributions – 8502(d) Increase in Accrued Benefits – 8503(3)(h) Increase in Accrued Benefits – Part-time Member – 8503(3)(i) Maximum Lifetime Retirement Benefits Maximum Lifetime Retirement Benefits – 8504(1)(a)(ii) Maximum Lifetime Retirement Benefits for Connected Persons – 8504(1)(a)(i) Highest Average Compensation – 8504(2) Associated Defined Benefit Provisions – 8504(9) Alternative Compensation Rules – 8504(3) Cross-plan Restriction – 8504(8) Limit Not Applicable – 8504(7) Indexing – 8504(1)(b) Part-time Employees – Compensation – 8504(4)(a), (b) & (c) Pre-1990 Benefits – 8504(6) Minimum Amount – Money Purchase Provision Definition of Specified Beneficiary – 8506(6) Variable Benefit – 8506(1)(e.1) When Minimum Amount is Nil –8506(6) Minimum Amount –8506(5) Non-payment of Minimum Amount – Plan Revocable –8506(4) Money Purchase Provisions Money Purchase Benefits Exempt from Conditions – 8509(10) Money Purchase Limit – 147.1(1) Money Purchase Plan Replaces Defined Benefit Plan – 147.3(8) Money Purchase Plan Replaces Money Purchase Plan – 147.3(7.1) Definition of Money Purchase Provision – 147.1(1) Allocation of Earnings – 8506(2)(e) Contributions not Permitted – 8506(2)(c.1) Lifetime Retirement Benefits – 8500(1), 8506(1)(a) Payment from Account – 8506(1)(f) Payment from Account after Death – 8506(1)(g) Payment or Reallocation of Forfeited Amounts –8506(2)(f) Post-retirement Survivor Benefits – 8506(1)(d) Pre-retirement Survivor Benefits – 8506(1)(e) Reallocation of Forfeitures –8506(3) Retirement Benefits –8506(2)(g) Return of Contributions – 8506(2)(d) Pension Adjustment Limits – 147.1(8), Multi-employer Plan Definition of Multi-Employer Plan – 147.1(1), 8500(1) Definition of Multi-employer Plan (MEP) – 8510(1) Pension Adjustment Limits – Multi-Employer Plans – 147.1(9) Special Rules – MEP – 8510(5) Anti-Avoidance – Multi-Employer Plans –147.1(14) Pension Adjustment/ Past Service Pension Adjustment Pension Adjustment Limits – 147.1(8), 8518(2) Pension Adjustment Limits – Multi-Employer Plans – 147.1(9) Pension Adjustment Limits for Grandfathered Plan for 1991 – 8509(6) Pension Adjustment Limits – 1996-2002 – 8509(12) Pension Adjustment Reporting – 8401 Appropriate Pension Adjustments – 8502(l) Artificially Reduced Pension Adjustments – 8503(14) Certifiable Past Service Event – 8300(1) Complete Period of Reduced Services – 8300(1) Benefits in Respect of Foreign Service – 8303(10) Deemed Payment – 8303(7) Member – 147.1(1), 8300(1) Past Service Event – 147.1(1), 8300(1), 8300(2) Qualifying Transfers – 8303(6) Loaned Employees – 8308(7) Prescribed Compensation Additional Compensation Fraction – 8507(5) Additional Compensation in Respect of Qualifying Period – 8507(2) Cumulative Additional Compensation Fraction – 8507(4) Exclusion of Subperiods – 8507(6) Period of Parenting – 8507(3)(b) Qualifying Periods – 8507(3)(a) Qualifying Periods and Periods of Parenting – 8507(3) Registration Deemed Registration – 147.1(3) Registration of the Plan – 147.1(2) Registration – 8512(1) Conditions for Registration – 8501(1) Reporting Annual Information Returns – 8409(1) & (2) Obligations of the Administrator – 147.1(7) Past Service Pension Adjustment Reporting – 8402 Revocation Non-payment of Minimum Amount – Plan Revocable –8506(4) Notice of Revocation – 147.1(12) Revocation of Registration – Notice of Intention –147.1(11) Revocation of Registration – 147.1(13) Service Eligible Service – 8503(3)(a) Eligible Service – Acceptable to the Minister – 8503(3)(a)(vii) Eligible Service – Disability – 8503(3)(a)(iv) Eligible Service – Participating Employer & Predecessor Employer – 8503(3)(a)(i) & (ii) Eligible Service – Periods of Temporary Absence – 8503(3)(a)(iii) Eligible Service – Prior Service – 8503(3)(a)(v) & (vi) Definition of Pensionable Service – 8500(1) Early Retirement – 8503(3)(c) Definition of Eligible Period of Reduced Pay – 8500(1) Definition of Eligible Period of Temporary Absence – 8500(1) Active Member – 8500(1), 8500(7) Specified Multi-employer Plan Definition of Specified Multi-Employer Plan (SMEP) – 8510(2) Specified Multi-employer Plan – 8500(1) Special Rules – SMEP – 8510(6) Qualification as a Specified Multi-employer Plan – 8510(3) Additional Prescribed Conditions – 8510(7) Purchase of Additional Benefits – 8510(8) Minister's Notice –8510(4) Transfers Transfer – Defined Benefit to another Defined Benefit – 147.3(3) Transfer – Defined Benefit to Money Purchase, RRSP or RRIF – 147.3(4) Transfer – Lump Sum Benefits on Death – 147.3(7) Transfer – Money Purchase to Defined Benefit – 147.3(2) Transfer – Money Purchase to Money Purchase, RRSP or RRIF – 147.3(1) Transfer – Pre-1991 Contributions – 147.3(6) Transfer of Property Between Provisions – 147.3(14.1), 8502(k) Transfer of Surplus – Defined Benefit to Money Purchase – 147.3(4.1) Transfer to an RPP, RRSP or RRIF for Spouse, Common-law Partner on the Breakdown of Marriage or Common-law Partnership –147.3(5) Withdrawal of an Excess Transfer to RRSPs or RRIFs – 147.3(13.1) Taxation of Amount Transferred – 147.3(9) & 147.3(10) Division of Transferred Amount – 147.3(11) Restrictions Concerning Transfers – 147.3(12) Excess Transfer – 147.3(13) Deemed as a Transfer – 147.3(14) Permissible Distributions – 8502(d) Benefits Provided with Surplus on Plan Wind-up – 8501(7), 8517(3.1) Minimum Prescribed Amount – 8517(2) Plan Wind-up or Replacement – 8517(3) Prescribed Amount – 8517(1) Transitional Rules Grandfathered Plan – 8500(1) Grandfathered Plan – Acceptable to the Minister –8509(1)(d) Grandfathered Plan – Additional Requirements – 8509(1)(e) Grandfathered Plan – Benefits – 8509(2)(b) Grandfathered Plan – Eligible Service & Benefit Accrual – 8509(5)(c) Grandfathered Plan – Employer Contributions under a Money Purchase – 8509(1)(c) Grandfathered Plan – Exemptions – Death Benefits – 8509(4)(a) Grandfathered Plan – Maximum Lifetime Retirement Benefits – 8509(2)(c) Grandfathered Plan – Permissible Benefits – 8509(1)(b) Grandfathered Plan – Permissible Distributions – 8509(5)(b) Grandfathered Plan – Primary Purpose – 8509(1)(a) Benefits Under a Grandfathered Plan – Pre-1992 Disability – 8509(4.1) Benefits Under Plan Other Than Grandfathered Plan – 8509(9) Additional Prescribed Condition for Grandfathered Plans after 1991 – 8509(3) Defined Benefits Under a Grandfathered Plan Exempt From Conditions – 8509(4) Benefit Accrual Rate Greater Than 2% – 8509(8) Benefits Acceptable to Minister – 8509(11) Conditions Applicable after 1991 to Benefits Under Grandfathered Plans – 8509(2) Limit on Pre-age 65 Benefits – 8509(7) Prescribed Conditions Applicable before 1992 to Grandfathered Plan – 8509(1) Stipulation not Required for Pre-1992 Plans – 8509(10.1) Notification of Final Distribution of Plan Assets – 8409(3) Date modified: 2014-01-02 ...

Net income (lines 205 to 236) Line 205 – Pooled registered pension plan (PRPP) employer contributions Line 206 – Pension adjustment Line 207 – Registered pension plan (RPP) deduction Line 208 – RRSP/PRPP deduction Line 210 – Deduction for elected split-pension amount Line 212 – Annual union, professional, or like dues Line 213 – Universal child care benefit (UCCB) repayment Line 214 – Child care expenses Line 215 – Disability supports deduction Line 217 – Business investment loss Line 219 – Moving expenses Line 220 – Support payments made Line 221 – Carrying charges and interest expenses Line 222 – Deduction for CPP or QPP contributions on self-employment and other earnings Line 223 – Deduction for provincial parental insurance plan (PPIP) premiums on self-employment income Line 224 – Exploration and development expenses Line 229 – Other employment expenses Line 231 – Clergy residence deduction Line 232 – Other deductions Line 235 – Social benefits repayment Line 236 – Net income Taxable income (lines 244 to 256) Line 244 – Canadian Forces personnel and police deduction Line 248 – Employee home relocation loan deduction Line 249 – Security options deductions Line 250 – Other payments deduction Line 251 – Limited partnership losses of other years Line 252 – Non-capital losses of other years Line 253 – Net capital losses of other years Line 254 – Capital gains deduction Line 255 – Northern residents deductions Line 256 – Additional deductions Net income (lines 205 to 236) Line 206 – Pension adjustment Report on line 206 the total of all amounts shown in box 52 of your T4 slips or box 034 of your T4A slips. ... For more information, go to Pooled Registered Pension Plan (PRPP) – information for individuals. ... Line 14 – Transfers You may have reported income on line 115, 129, or 130 of your return for 2015. ...

Step 2 of Schedule 1 – Federal tax on taxable income Step 3 of Schedule 1 – Net federal tax Recapture of investment tax credit Federal logging tax credit Line 405 – Federal foreign tax credit Lines 409 and 410 – Federal political contribution tax credit Line 412 – Investment tax credit Lines 413, 414, 411, and 419 – Labour-sponsored funds tax credit Line 415 – Working income tax benefit (WITB) advance payments Line 418 – Special taxes Line 424 – Federal tax on split income Line 425 – Federal dividend tax credit Line 427 – Minimum tax carryover Line 445 – Section 217 tax adjustment Line 56 – Surtax for non-residents of Canada and deemed residents of Canada Calculation of provincial and territorial tax Step 2 of Schedule 1 – Federal tax on taxable income Enter your taxable income from line 260 of your return on line 40 of Schedule 1. ... Line 405 – Federal foreign tax credit Deemed residents – You may be able to claim this credit if you paid foreign taxes on income you received from outside Canada and reported on your Canadian return. ... For explanations of eligible dividends and " other than eligible dividends, " see line 120. ...

Non-creditable GST charged Eligible purchases or expenses GST paid Subtract ITCs, other rebates, refunds, or remissions Non-creditable GST charged Rent $1,000 − $0 $1,000 Hotel $75 − $0 $75 The total non-creditable GST charged is $1,075 ($1,000 + $75), which is the total of all amounts entered in the last column. ... Non-creditable GST charged Eligible purchases or expenses GST paid Subtract ITCs, other rebates, refunds, or remissions Non-creditable GST charged Office equipment $500 − $500 $0 Hotel $150 − $0 $150 Rental car $40 − $0 $40 The total non-creditable GST charged is $190 ($150 + $40), which is the total of all amounts entered in the last column. ... Step 6 – Calculate your PSB rebate of the GST and/or the federal part of the HST The charity calculates the PSB rebate of the GST and the federal part of the HST by adding the total non-creditable GST charged (from Step 4) and the total federal non-creditable HST charged (from Step 5), and then multiplying the result by the federal PSB rebate factor for charities (50%), as follows: ($190 + $50) × 50% = $120 The total federal amount to be entered on line 305 of Form GST66 is $120. ...

Net federal tax Recapture of investment tax credit Federal logging tax credit Line 405 – Federal foreign tax credit Lines 409 and 410 – Federal political contribution tax credit Line 412 – Investment tax credit Lines 413 and 414 – Labour-sponsored funds tax credit Line 415 – Working income tax benefit (WITB) advance payments Line 418 – Special taxes Line 424 – Federal tax on split income Line 423 – Family tax cut Line 425 – Federal dividend tax credit Line 426 – Overseas employment tax credit Line 427 – Minimum tax carryover Line 445 – Section 217 tax adjustment Line 57 – Surtax for non-residents of Canada and deemed residents of Canada Net federal tax There are no lines on the return for the recapture of the investment tax credit or for the federal logging tax credit. ... Line 405 – Federal foreign tax credit Deemed residents – You may be able to claim this credit if you paid foreign taxes on income you received from outside Canada and reported on your Canadian return. ... For explanations of eligible dividends and " other than eligible dividends, " see line 120. ...

The maximum GST that can be charged on a discounting transaction is $1.50 ($45 × 2/3 × 0.05). ... The maximum QST that can be charged on a discounting transaction is $2.99($45 × 2/3 × 0.09975). ... The maximum PST that can be charged on a discounting transaction is $1.50 ($45 × 2/3 × 0.05). ...

Determine the amount designated under subsection 104(13.1) for Josh as follows: A ÷ B × C $3,000 ÷ $6,000 × $5,000 = $2,500 Therefore, the amount designated for Josh is $2,500. ... Determine the amount designated under subsection 104(13.2) for Josh as follows: A ÷ B × C $1,500 ÷ $3,000 × $1,000 = $500 Therefore, the amount designated for Josh is $500. ... Line 24 ($700 – $200 = $500) is the amount subject to non-resident tax. ...