T1-2006 5000-S1 (Front) Schedule 1 Federal Tax Complete this schedule to claim your federal non-refundable tax credits and to calculate your net federal tax. You must attach a copy of this schedule to your return. Line 1: Enter your taxable income from line 260 of your return. ^ Use the amount on line 1 to determine which ONE of the following columns you have to complete. *** Transcriber's Note: Use column 1 if the amount on line 1 is $36,378 or less. Use column 2 if the amount on line 1 is more than $36,378 but not more than $72,756. Use column 3 if the amount on line 1 is more than $72,756 but not more than $118,285. Use column 4 if the amount on line 1 is more than $118,285 *** Column 1 Line 2: Enter the amount from line 1 above ^ Line 3: Base amount 00,000.00 Line 4: Enter amount from line 2 (this amount cannot be negative) = ^ Line 5: Rate is 15.25% Line 6: Multiply line 4 by 15.25% = ^ Line 7: Tax on base amount 0,000.00 Line 8: Enter amount from line 6 = ^ Column 2 Line 2: Enter the amount from line 1 above ^ Line 3: Base amount 36,378.00 Line 4: Line 2 minus 36,378.00 (this amount cannot be negative) = ^ Line 5: Rate is 22% Line 6: Multiply line 4 by 22% = ^ Line 7: Tax on base amount 5,548.00 Line 8: Line 6 plus $5,548.00 = ^ Column 3 Line 2: Enter the amount from line 1 above ^ Line 3: Base amount 72,756.00 Line 4: Line 2 minus 72,756.00 (this amount cannot be negative) = ^ Line 5: Rate is 26% Line 6: Multiply line 4 by 26% = ^ Line 7: Tax on base amount 13,551.00 Line 8: Line 6 plus 13,551.00 = ^ Column 4 Line 2: Enter the amount from line 1 above ^ Line 3: Base amount 118,285.00 ^ Line 4: Line 2 minus 118,285.00 (this amount cannot be negative) = ^ Line 5: Rate is 29% Line 6: Multiply line 4 by 29% = ^ Line 7: Tax on base amount 25,388.00 Line 8: Line 6 plus 25,388.00 = ^ Federal non-refundable tax credits (Read the guide for details about these credits.) Line 9 and line 300: Basic personal amount claim $8,839 Line 10 and line 301: Age amount (if you were born in 1941 or earlier) (maximum $5,066) ^ Spouse or common-law partner amount: Base amount 8,256.00 Minus: his or her net income (from page 1 of your return) ^ Line 11 and line 303: Result: (if negative, enter "0") (maximum $7,505) ^ Line 12 and line 305: Amount for an eligible dependant (attach Schedule 5) (maximum $7,505) ^ Line 13 and line 306: Amount for infirm dependants age 18 or older (attach Schedule 5) ^ CPP or QPP contributions: Line 14 and line 308: through employment from box 16 and box 17 on all T4 slips (maximum $1,910.70) ^ Line 15 and line 310: on self-employment and other earnings (attach Schedule 8) ^ Line 16 and line 312: Employment Insurance premiums from box 18 and box 55 on all T4 slips (maximum $729.30) ^ Line 17 and line 363: Canada employment amount (see the guide) (maximum $250) ^ Line 18 and line 364: Public transit passes amount (see the guide) ^ Line 19 and line 313: Adoption expenses ^ Line 20 and line 314: Pension income amount (maximum $2,000) ^ Line 21 and line 315: Caregiver amount (attach Schedule 5) ^ Line 22 and line 316: Disability amount (for self) ^ Line 23 and line 318: Disability amount transferred from a dependant ^ Line 24 and line 319: Interest paid on your student loans ^ Line 25 and line 323: Tuition, education, and textbook amounts (attach Schedule 11) ^ Line 26 and line 324: Tuition, education, and textbook amounts transferred from a child ^ Line 27 and line 326: Amounts transferred from your spouse or common-law partner (attach Schedule 2) ^ Line 330: Medical expenses for self, spouse or common-law partner, and your dependent children born in 1989 or later (see the guide) ^ Minus: $1,884, or 3% of line 236, whichever is less ^ Line (A): Subtotal (if negative, enter "0") ^ Line 331 and line (B): Allowable amount of medical expenses for other dependants (see the calculation at line 331 in the guide and attach Schedule 5) ^ Line 28 and line 332: Add lines (A) and (B). = ^ Line 29 and line 335: Add lines 9 to 28. = ^ Line 30 and line 338: Multiply the amount on line 29 by 15.25% = ^ Line 31 and 349: Donations and gifts (attach Schedule 9) ^ Line 32 and 350: Total federal non-refundable tax credits: add lines 30 and 31. = continue on the back 5000-S1 (Back) Net federal tax Line 33: Enter the amount from line 8 on the front page ^ Line 34 and line 424: Federal tax on split income (from line 5 of Form T1206) ^ Line 35 and line 404: Add lines 33 and 34. = ^ Line 36 and line 350: Enter the amount from line 32 on the front page ^ Line 37 and line 425: Federal dividend tax credit (see line 425 in the guide) ^ Line 38 and line 426: Overseas employment tax credit (attach Form T626) ^ Line 39 and line 427: Minimum tax carry-over (attach Form T691) ^ Line 40: Add lines 36 to 39. = ^ Line 41 and line 429: Basic federal tax: line 35 minus line 40 (if negative, enter "0") = ^ Federal foreign tax credit: Line 42 and line 405: Where you only have foreign non-business income, calculate your federal foreign tax credit below. Otherwise, use Form T2209, Federal Foreign Tax Credits, if you have foreign business income. Enter on this line the amount you calculated. ^ Line 43 and line 406: Federal tax: line 41 minus line 42 (if negative, enter "0") = ^ Line 409: Total federal political contributions (attach receipts) ^ Line 44 and line 410: Federal political contribution tax credit (see the guide) ^ Line 45 and line 412: Investment tax credit (attach Form T2038(IND)) ^ Labour-sponsored funds tax credit Line 413: Net cost ^ Line 46 and line 414: Allowable credit ^ Line 47 and line 416: Add lines 44 to 46. = ^ Line 48 and line 417: Line 43 minus line 47 (if negative, enter "0") (if you have an amount on line 34 above, see Form T1206) = ^ Line 49 and line 418: Additional tax on RESP accumulated income payments (attach Form T1172) ^ Line 50 and line 420: Net federal tax: add lines 48 and 49. Enter this amount on line 420 of your return. = ^ Federal foreign tax credit: (see lines 431 and 433 in the guide) Make a separate calculation for each foreign country. Enter on line 42 above the result from line (i) or (ii), whichever is less. Line (i) and line 431: Non-business-income tax paid to a foreign country ^ Line (ii) and line 433: Net foreign non-business income* divided by Net income** multiplied by Basic federal tax*** = ^ * Reduce this amount by any income from that foreign country for which you claimed a capital gains deduction, and by any income from that country that was, under a tax treaty, either exempt from tax in that country or deductible as exempt income in Canada (included on line 256). Also reduce this amount by the lesser of lines E and F on Form T626. ** Line 236 plus the amount on line 4 of Form T1206, minus the total of the amounts on lines 244, 248, 249, 250, 253, 254, and minus any amount included on line 256 for foreign income deductible as exempt income under a tax treaty, income deductible as net employment income from a prescribed international organization, or non-taxable tuition assistance from box 21 of the T4E slip. If the result is less than the amount on line 433, enter your Basic federal tax*** on line (ii). *** Line 41 plus the amount on lines 37 and 38, and minus any refundable Quebec abatement (line 440) and any federal refundable First Nations abatement (line 441 on the return for residents of Yukon).