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Nunavut Credits | Form NU479 2023 Protected B when completed |
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| You can claim these refundable tax credits even if you do not have to pay any tax. If they are more than the taxes you have to pay, you may get a refund for the difference. |
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| Complete the calculations that apply to you and attach a copy of this form to your return. For more information about these credits, go to canada.ca/nu-tax-info. |
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| Cost of living tax credit | |||||||||||
| Adjusted net income | |||||||||||
| Enter your net income from line 23600 of your return. | 1 | ||||||||||
| Enter the total of amounts claimed on line 24400 | |||||||||||
| and line 25000 of your return. | – | 2 | |||||||||
| Line 1 minus line 2 (if negative, enter "0") | = | 3 | |||||||||
| Enter the amount claimed for foreign income from line 25600 | |||||||||||
| of your return that is exempt under a tax treaty. | 62450 | – | 4 | ||||||||
| Line 3 minus line 4 (if negative, enter "0") | Adjusted net income | = | 5 | ||||||||
| Basic credit | |||||||||||
| Amount from line 5 | 6 | ||||||||||
| Applicable rate | x 2% | 7 | |||||||||
| Basic credit | |||||||||||
| Line 6 multiplied by the percentage from line 7 | (maximum $1,500) | = | ► | 8 | |||||||
| Cost of living supplement for single parents | |||||||||||
| You can claim the supplement if you were a single parent at any time in 2023 and your adjusted | |||||||||||
| net income (line 5) is more than $60,000. | |||||||||||
| Amount from line 5 | 9 | ||||||||||
| Base amount | – | 10 | |||||||||
| Line 9 minus line 10 (if negative, enter "0") | = | 11 | |||||||||
| Applicable rate | x 2% | 12 | |||||||||
| Cost of living supplement | |||||||||||
| Line 11 multiplied by the percentage from line 12 | (maximum $255.12) | 63940 | = | •► | + | 13 | |||||
| Line 8 plus line 13 | Total cost of living tax credit | 63990 | = | •14 | |||||||
| Political contribution tax credit | |||||||||||
| Nunavut political contributions made in 2023 | 63991 | 15 | |||||||||
| Amount calculated for line 16 | |||||||||||
| using the chart on the next page | (maximum $500) | 16 | |||||||||
| Enter the amount from line 66 of your Form NU428. | 17 | ||||||||||
| Amount from line 14 above. | – | 18 | |||||||||
| Line 17 minus line 18 (if negative, enter "0") | = | 19 | |||||||||
| Enter whichever is less: | |||||||||||
| amount from line 16 or line 19 | Political contribution tax credit | + | 20 | ||||||||
| Line 14 plus line 20 | |||||||||||
| Enter this amount on line 47900 of your return. | Nunavut credits | = | 21 | ||||||||
| 5014-TC E (23) | (Ce formulaire est disponible en français.) | Page 1 of 2 | |||||||||
| Protected B when completed | |||||||||||
| Nunavut Credits (continued) | |||||||||||
| Political contribution amount (for line 16) | |||||||||||
| • For contributions of $100 or less, enter the amount of your contributions on line 16 | |||||||||||
| • For contributions of $900 or more, enter $500 on line 16 | |||||||||||
| Otherwise, complete the calculation below. | |||||||||||
| Amount from line 15 of the previous page. | 22 | ||||||||||
| – | 23 | ||||||||||
| Line 22 minus line 23 (cannot be negative) | = | 24 | |||||||||
| x 50% | 25 | ||||||||||
| Line 24 multiplied by the percentage from line 25 | = | 26 | |||||||||
| + | 27 | ||||||||||
| Line 26 plus line 27 | (maximum $500) | = | 28 | ||||||||
| Enter the amount from line 28 on line 16. | |||||||||||
| See the privacy notice on your return. | |||||||||||
| 5014-TC E (23) | Page 2 of 2 | ||||||||||