Protected B when completed | |||||||||||||||||||||||
Part 3 – Provincial or territorial tax payable by an individual with split income |
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If you are not completing Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions, complete lines 31 to 52 only. Enter your total split income from line 4 on line 31 below. |
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If you are completing Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions, do not complete lines 31 to 52. Enter your total split income from line 4 on line 53 in Part 4, Tax on Split Income for Multiple Jurisdictions, and complete lines 54 to 92. |
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Provincial or territorial tax on split income | |||||||||||||||||||||||
Total split income from line 4 | 31 | ||||||||||||||||||||||
Tax rate that applies to your province or territory of residence from column 2 in Chart C on page 5 | x 20.53% | 32 | |||||||||||||||||||||
The amount from line 31 multiplied by the tax rate you entered on line 32. Enter this amount on the | |||||||||||||||||||||||
line of your Form 428 shown in column 4 in Chart C on page 5. | = | 33 | |||||||||||||||||||||
TOSI-adjusted taxable income | |||||||||||||||||||||||
Amount from line 33 | 33A | ||||||||||||||||||||||
Tax rate that applies to your province or territory from column 3 in | |||||||||||||||||||||||
Chart C on page 5 | ÷ 5.05% | 33B | |||||||||||||||||||||
Amount from line 33A divided by the tax rate you entered on line 33B. | = | 33C | |||||||||||||||||||||
Use the amount from line 33C to adjust your taxable income for certain amounts. For more information, see "TOSI-adjusted taxable income" on page 5. |
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Calculation of line 42800 of your return | |||||||||||||||||||||||
Provincial or territorial disability tax credit (DTC) | |||||||||||||||||||||||
DTC from line 58440 of your provincial or territorial Form 428 | 34 | ||||||||||||||||||||||
DTC transferred from a dependant from line 58480 of your provincial or | |||||||||||||||||||||||
territorial Form 428 | + | 35 | |||||||||||||||||||||
Line 34 plus line 35 | = | 36 | |||||||||||||||||||||
Tax rate that applies to your province or territory from column 3 in Chart C | |||||||||||||||||||||||
on page 5 | x 5.05% | 37 | |||||||||||||||||||||
Amount from line 36 multiplied by the tax rate you entered on line 37 | = | ► | – | 38 | |||||||||||||||||||
Line 33 minus line 38 | = | 39 | |||||||||||||||||||||
Provincial or territorial dividend tax credit on split income for eligible dividends and dividends other than eligible dividends |
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Amount from line 18 | 40 | ||||||||||||||||||||||
Eligible dividend tax credit rate that applies to your province or territory from column 5 in |
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Chart C on page 5 | x 10% | 41 | |||||||||||||||||||||
Amount from line 40 multiplied by the rate on line 41 | = | ► | 42 | ||||||||||||||||||||
Amount from line 17 | 43 | ||||||||||||||||||||||
Dividend other than eligible dividend tax credit rate that applies to your province or territory from |
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column 6 in Chart C on page 5 | x 2.9863% | 44 | |||||||||||||||||||||
Amount from line 43 multiplied by the rate on line 44 | = | ► | + | 45 | |||||||||||||||||||
Line 42 plus line 45 | = | ► | – | 46 | |||||||||||||||||||
Line 39 minus line 46 | = | 47 | |||||||||||||||||||||
T1206 E(23) | Page 9 of 14 | ||||||||||||||||||||||
Part 3 – Provincial or territorial tax payable by an individual with split income (continued) |
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Provincial or territorial foreign tax credit on split income | |||||||||||||||||||||||
Amount from line 47 on the previous page | 48 | ||||||||||||||||||||||
Part of the amount from line 68370 on page 8 that is |
Amount from line number of your Form 428 shown in column 7 in |
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non-business income | x | Chart C on page 5 | = | – | 49 | ||||||||||||||||||
Part of the amount from | |||||||||||||||||||||||
The part of the amount from
line 68380 on page 8 that is non-business income |
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Line 48 minus line 49 | = | 50 | |||||||||||||||||||||
Amount from the line number of your Form 428 shown in column 8 of Chart C on page 5 | 51 | ||||||||||||||||||||||
Enter whichever is more: the amount from line 50 or line 51. | |||||||||||||||||||||||
Enter the amount from line 52 on line 42800 of your return. (2) | 52 | ||||||||||||||||||||||
(2) If you were a resident of Ontario, enter this amount on line 88 of Form ON428 and complete the remaining lines of that form. | |||||||||||||||||||||||
continue on the next page. | |||||||||||||||||||||||
T1206 E(23) | Page 10 of 14 |