GST/HST credit - calculation sheet for the July 2015 to June 2016 payments (2014 tax year)
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GST/HST credit - calculation sheet for the July 2015 to June 2016 payments (2014 tax year)
You can also use the Canada Revenue Agency (CRA) - Child and benefits calculator.
Base Credit: ($272)
1 $272.00
Credit for spouse or common-law partner: ($272)
2 $ Blank space for dollar value
Credit for eligible dependant: ($272)
3 $ Blank space for dollar value
Credit for eligible children:
($143 for each child not included at line 3 above)
($143 for each child not included at line 3 above)
$143 × ____ =
4 $ Blank space for dollar value
Calculation of Additional Credit Footnote 1
(Complete only if line 2 above indicates zero)
Family Net Income:
5 $ Blank space for dollar value
Minus base amount:
6 - $8,833.00
Family net income minus base amount:
(Line 5 minus Line 6) If result is negative, enter "0"
(Line 5 minus Line 6) If result is negative, enter "0"
7 $ Blank space for dollar value
Additional Credit:
(The less of $143 or 2% of Line 7)
(The less of $143 or 2% of Line 7)
8 $ Blank space for dollar value
Subtotal: (Add lines 1, 2, 3, 4 and 8)
9 $ Blank space for dollar value
Credit Reduction
Family Net Income:
(Family net income minus Universal Child Care Benefit (UCCB) and Registered Disability Savings Plan (RDSP) income plus UCCB and RDSP repayment)
(Family net income minus Universal Child Care Benefit (UCCB) and Registered Disability Savings Plan (RDSP) income plus UCCB and RDSP repayment)
10 $ Blank space for dollar value
Minus base amount:
11 - $35,465.00
Adjusted Family net income minus base amount:
(Line 10 minus Line 11). If the result is negative, enter "0"
(Line 10 minus Line 11). If the result is negative, enter "0"
12 $ Blank space for dollar value
Enter 5% of Line 12:
13 $ Blank space for dollar value
ANNUAL CREDIT: (Line 9 minus Line 13)
14 $ Blank space for dollar value
All amounts are approximate. Your Notice of Determination will show your actual entitlement for the year.
Footnotes
- Footnote 1
-
Single parents will receive the full value of the supplement as part of their core GST/HST credit. For these clients, enter $143.00 at Line 8.
- Date modified:
- 2015-11-18