| Quick edit form(mobile version) | |||||||||||||||||||||||
| Protected B when completed | |||||||||||||||||||||||
Part C – Ontario tax(continued) |
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| Amount from line 61 of the previous page | 62 | ||||||||||||||||||||||
| Ontario surtax: | |||||||||||||||||||||||
| Amount from line 62 | 63 | ||||||||||||||||||||||
| Ontario tax on split income from line 54 | – | 64 | |||||||||||||||||||||
| Line 63 minus line 64 (if negative, enter "0") | = | 65 | |||||||||||||||||||||
| Complete lines 66 to 68 if the amount on line 65 is more than $5,315. If the amount is less than $5,315, enter "0" on line 68 and continue on line 69. |
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| (Line 65 | – $5,315) x 20% (if negative, enter "0") = | 66 | |||||||||||||||||||||
| (Line 65 | – $6,802) x 36% (if negative, enter "0") = | + | 67 | ||||||||||||||||||||
| Line 66 plus line 67 | = | ► | + | 68 | |||||||||||||||||||
| Line 62 plus line 68 | = | 69 | |||||||||||||||||||||
| Ontario dividend tax credit from line 57 | – | 70 | |||||||||||||||||||||
| Line 69 minus line 70 (if negative, enter "0") | = | 71 | |||||||||||||||||||||
| Ontario additional tax for minimum tax purposes: | |||||||||||||||||||||||
| If you entered an amount on line 98 of Form T691, use Worksheet ON428 to calculate your | |||||||||||||||||||||||
| additional tax for minimum tax purposes. | + | 72 | |||||||||||||||||||||
| Line 71 plus line 72 | = | 73 | |||||||||||||||||||||
| Ontario tax reduction | |||||||||||||||||||||||
| Enter "0" on line 80 if any of the following applies to you: | |||||||||||||||||||||||
| • You were not a resident of Canada at the beginning of the year | |||||||||||||||||||||||
| • You were not a resident of Ontario on December 31, 2023 | |||||||||||||||||||||||
| • There is an amount on line 72 | |||||||||||||||||||||||
| • The amount on line 73 is "0" | |||||||||||||||||||||||
| • You were bankrupt at any time in 2023 | |||||||||||||||||||||||
| • Your return is filed for you by a trustee in bankruptcy | |||||||||||||||||||||||
| • You are choosing not to claim an Ontario tax reduction | |||||||||||||||||||||||
| If none of the above applies to you, complete lines 74 to 80 to calculate your Ontario tax reduction. | |||||||||||||||||||||||
| Basic reduction | 74 | ||||||||||||||||||||||
| If you had a spouse or common-law partner on December 31, 2023, only the individual with the higher net income can claim the amounts on lines 75 and 76. |
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| Reduction for dependent children born in 2005 or later: | |||||||||||||||||||||||
| Number of dependent children | 60969 | x $506 = | + | 75 | |||||||||||||||||||
| Reduction for dependants with a mental or physical impairment: | |||||||||||||||||||||||
| Number of dependants | 60970 | x $506 = | + | 76 | |||||||||||||||||||
| Add lines 74 to 76. | = | 77 | |||||||||||||||||||||
| Amount from line 77 above | x 2 = | 78 | |||||||||||||||||||||
| Amount from line 73 above | – | 79 | |||||||||||||||||||||
| Line 78 minus line 79 (if negative, enter "0") | Ontario tax reduction | = | ► | 80 | |||||||||||||||||||
| Line 73 minus line 80 (if negative, enter "0") | = | 81 | |||||||||||||||||||||
| Provincial foreign tax credit (complete Form T2036) | – | 82 | |||||||||||||||||||||
| Line 81 minus line 82 (if negative, enter "0") | = | 83 | |||||||||||||||||||||
| 5006-C E (23) | Page 3 of 4 | ||||||||||||||||||||||