| Quick edit form(mobile version) | ||||||||||||||
| Protected B when completed | ||||||||||||||
| Part C – Net federal tax | ||||||||||||||
| Enter the amount from line 75. | 118 | |||||||||||||
| Federal tax on split income (TOSI) (complete Form T1206) | 40424 | + | •119 | |||||||||||
| Line 118 plus line 119 | 40400 | = | 120 | |||||||||||
| Amount from line 35000 | 121 | |||||||||||||
| Federal dividend tax credit (use Federal Worksheet) | 40425 | + | •122 | |||||||||||
| Minimum tax carryover (complete Form T691) | 40427 | + | •123 | |||||||||||
| Add lines 121 to 123. | = | ► | – | 124 | ||||||||||
| Line 120 minus line 124 (if negative, enter "0") | Basic federal tax | 42900 | = | 125 | ||||||||||
| Federal surtax on income earned outside Canada (complete Form T2203) | + | 126 | ||||||||||||
| Line 125 plus line 126 | = | 127 | ||||||||||||
| Federal foreign tax credit (complete Form T2209) | 40500 | – | 128 | |||||||||||
| Line 127 minus line 128 | = | 129 | ||||||||||||
| Recapture of investment tax credit (complete Form T2038(IND)) | + | 130 | ||||||||||||
| Line 129 plus line 130 | = | 131 | ||||||||||||
| Federal logging tax credit | – | 132 | ||||||||||||
| Line 131 minus line 132 (if negative, enter "0") | Federal tax | 40600 | = | •133 | ||||||||||
| Federal political contribution tax credit (use Federal Worksheet) | ||||||||||||||
| Total federal political contributions | ||||||||||||||
| (attach receipts) | 40900 | (maximum $650) | 41000 | •134 | ||||||||||
| Investment tax credit (complete Form T2038(IND)) | 41200 | + | •135 | |||||||||||
| Labour-sponsored funds tax credit | ||||||||||||||
| Net cost of shares of a provincially | ||||||||||||||
| registered fund | 41300 | Allowable credit | 41400 | + | •136 | |||||||||
| Add lines 134 to 136. | 41600 | = | ► | – | 137 | |||||||||
| Line 133 minus line 137(if negative, enter "0") | 41700 | = | 138 | |||||||||||
| Advanced Canada workers benefit (ACWB) (complete Schedule 6) | 41500 | + | •139 | |||||||||||
| Special taxes | 41800 | + | •140 | |||||||||||
| Add lines 138 to 140. | Net federal tax | 42000 | = | 141 | ||||||||||
| Step 6 – Refund or balance owing | ||||||||||||||
| Amount from line 42000 | 142 | |||||||||||||
| CPP contributions payable on self-employment income and other earnings | ||||||||||||||
| (complete Schedule 8 or Form RC381, whichever applies) | 42100 | + | •143 | |||||||||||
| Employment insurance premiums payable on self-employment and other eligible earnings | ||||||||||||||
| (complete Schedule 13) | 42120 | + | 144 | |||||||||||
| Social benefits repayment (amount from line 23500) | 42200 | + | 145 | |||||||||||
| Provincial or territorial tax | ||||||||||||||
| (complete and attach your provincial or territorial Form 428, even if the result is "0") | 42800 | + | •146 | |||||||||||
| Add lines 142 to 146. | Total payable | 43500 | = | •147 | ||||||||||
| 5006-R E (23) | Page 7 of 8 | |||||||||||||