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Worksheet ON479 | 2023 | |||||||||||||||
| Use this worksheet to calculate the amounts to enter on your Form ON479, Ontario Credits. | |||||||||||||||||
| Keep this worksheet for your records. Do not attach it to your return. | |||||||||||||||||
| Line 17 – Ontario political contribution tax credit | |||||||||||||||||
| Use the amount from line 63110 of your Form ON479 to complete the appropriate column below. | |||||||||||||||||
| Line 63110 is more | |||||||||||||||||
| Line 63110 is | than $465.60 but not | Line 63110 is | |||||||||||||||
| $465.60 or less | more than $1,552 | more than $1,552 | |||||||||||||||
| Enter your total political contributions | |||||||||||||||||
| from line 63110 of your Form ON479. | 1 | ||||||||||||||||
| – | – | – | 2 | ||||||||||||||
| Line 1 minus line 2 (cannot be negative) | = | = | = | 3 | |||||||||||||
| x 75% | x 50% | x 33.33% | 4 | ||||||||||||||
| Line 3 multiplied by the percentage from line 4 | = | = | = | 5 | |||||||||||||
| + | + | + | 6 | ||||||||||||||
| Line 5 plus line 6 | = | = | = | 7 | |||||||||||||
| Enter the amount from line 7 on line 17 of your Form ON479. | |||||||||||||||||
| Line 19 – Ontario co-operative education tax credit | |||||||||||||||||
| If the total salaries and wages paid in the previous year were more than $400,000 but less than $600,000, complete this chart for each qualifying work placement of each employed student. |
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| Amount of eligible expenditures (1) incurred in 2023 | A | x 25% = | 1 | ||||||||||||||
| x 5% | 2 | ||||||||||||||||
| Amount A multiplied by the percentage from line 2 | = | ► | 3 | ||||||||||||||
| Total salaries and wages paid in the previous tax year | 4 | ||||||||||||||||
| – 400,000.00 | 5 | ||||||||||||||||
| Line 4 minus line 5 (if negative, enter "0") | = | 6 | |||||||||||||||
| ÷ 200,000.00 | 7 | ||||||||||||||||
| Line 6 divided by line 7 | = | 8 | |||||||||||||||
| 1.00 | 9 | ||||||||||||||||
| Amount from line 8 above | – | 10 | |||||||||||||||
| Line 9 minus line 10 (if negative, enter "0") | = | ► | x | 11 | |||||||||||||
| Line 3 multiplied by line 11 | = | ► | + | 12 | |||||||||||||
| Line 1 plus line 12 | (maximum $3,000 per student) | = | 13 | ||||||||||||||
| The maximum credit is $3,000 per student per qualifying work placement that ended in 2023. | |||||||||||||||||
| Enter the total amount claimed for all qualifying work placements on line 19 of your Form ON479. | |||||||||||||||||
| (1) | You must reduce your eligible expenditures by the amount of government assistance you received, are entitled to receive, or may reasonably expect to receive for the eligible expenditures. |
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| 5006-D1 E (23) | (Ce formulaire est disponible en français.) | Page 1 of 1 | |||||||||||||||