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Canada Revenue Agency |
Agence du revenu du Canada |
TAX ON SPLIT INCOME – 2017 | ||||||||||||||||||||
| Part 1 – Federal tax on split income | |||||||||||||||||||||||
| The part of the taxable amount of dividends (eligible and other than eligible) | |||||||||||||||||||||||
| described on the previous page received from taxable Canadian corporations | 6835 | 1 | |||||||||||||||||||||
| The part of the taxable amount of dividends other than eligible dividends, included | |||||||||||||||||||||||
| on line 1, from taxable Canadian corporations | 6834 | 2 | |||||||||||||||||||||
| All other split income | + | 3 | |||||||||||||||||||||
| Total split income: Add lines 1 and 3. | |||||||||||||||||||||||
| Enter this amount on line 232 of your return. | 6836 | = | 4 | ||||||||||||||||||||
| Federal tax on split income: Multiply the amount on line 4 by 33%. | |||||||||||||||||||||||
| Enter this amount on line 424 of Schedule 1. | 5 | ||||||||||||||||||||||
| Calculation of line 417 of Schedule 1 | |||||||||||||||||||||||
| Federal dividend tax credit on split income: | |||||||||||||||||||||||
| Amount from line 1 above | 6 | ||||||||||||||||||||||
| Amount from line 2 above | – | 7 | x 10.5217% = | 9 | |||||||||||||||||||
| Line 6 minus line 7 (if negative, enter "0") | = | 8 | x 15.0198% = | + | 10 | ||||||||||||||||||
| Add lines 9 and 10. | = | ► | – | 11 | |||||||||||||||||||
| Line 5 minus line 11 | = | 12 | |||||||||||||||||||||
| Note | |||||||||||||||||||||||
| If the amount on line 12 is more than the amount on line 429 of Schedule 1, use the amount on line 12 | |||||||||||||||||||||||
| instead of the amount on line 429 of Schedule 1 when you calculate the refundable Quebec or Yukon | |||||||||||||||||||||||
| First Nations abatement and the federal surtax on income earned outside Canada. | |||||||||||||||||||||||
| Federal foreign tax credit on split income: | |||||||||||||||||||||||
| The part of the amount on line 3 | Amount from line | ||||||||||||||||||||||
| that is from foreign sources | 6837 | X | 405 of Schedule 1 | = | – | 13 | |||||||||||||||||
| Total income from foreign sources | 6838 | ||||||||||||||||||||||
| Line 12 minus line 13 (if negative, enter "0") | = | 14 | |||||||||||||||||||||
| Enter the amount from line 406 of Schedule 1. | 15 | ||||||||||||||||||||||
| Enter the amount from line 416 of Schedule 1. | – | 16 | |||||||||||||||||||||
| Line 15 minus line 16 (if negative, enter "0") | = | 17 | |||||||||||||||||||||
| Enter the amount from line 14 or line 17, whichever is greater. | |||||||||||||||||||||||
| Enter the amount from line 18 on line 417 of Schedule 1. | 18 | ||||||||||||||||||||||
| Part 2 – Provincial/territorial tax payable by an individual with split income | |||||||||||||||||||||||
| Provincial/territorial tax on split income | |||||||||||||||||||||||
| Total split income from line 4 | 19 | ||||||||||||||||||||||
| Enter the tax rate that applies to your province or territory from column 2 in the chart on the next page. | x 20.53% | 20 | |||||||||||||||||||||
| Multiply the amount on line 19 by the tax rate you entered on line 20. | |||||||||||||||||||||||
| Enter this amount on the line of your Form 428 shown in column 3 in the chart on the next page. | = | 21 | |||||||||||||||||||||
| Calculation of line 428 of your return | |||||||||||||||||||||||
| Provincial/territorial dividend tax credit on split income for eligible dividends and dividends other than eligible dividends | |||||||||||||||||||||||
| Enter the amount from line 8. | 22 | ||||||||||||||||||||||
| Enter the eligible dividend tax credit rate that applies to | |||||||||||||||||||||||
| your province or territory from column 4 in the chart on | |||||||||||||||||||||||
| the next page. | x 10% | 23 | |||||||||||||||||||||
| Multiply the amount on line 22 by the rate you entered | |||||||||||||||||||||||
| on line 23. | = | ► | 24 | ||||||||||||||||||||
| Enter the amount from line 7. | 25 | ||||||||||||||||||||||
| Enter the dividend other than eligible dividend tax credit | |||||||||||||||||||||||
| rate that applies to your province or territory from column 5 | |||||||||||||||||||||||
| in the chart on the next page. | x 4.2863% | 26 | |||||||||||||||||||||
| Multiply the amount on line 25 by the rate you entered | |||||||||||||||||||||||
| on line 26. | = | ► | + | 27 | |||||||||||||||||||
| Add lines 24 and 27. | = | ► | – | 28 | |||||||||||||||||||
| Line 21 minus line 28 | = | 29 | |||||||||||||||||||||
| Continue on the next page. | |||||||||||||||||||||||
| T1206 E | |||||||||||||||||||||||