Schedule 1 Calculator

Federal Tax

This calculator comprises 3 steps:

Step 1: Federal non-refundable tax credits

Step 2: Federal tax on taxable income

Step 3: Net federal tax

the final figure (Net federal tax) is the amount to enter on line 420 of your tax return.

Net Federal tax

Step 1 - Federal non-refundable tax credits
Basic Personal Amount			Claim $11,327		300		1
Age amount (if you were born in 1950 or earlier) (use the federal worksheet)			(maximum $7,033)		301	+	2
Spouse or common-law partner amount (attach Schedule 5)					303	+	3
Amount for an eligible dependant (attach Schedule 5)					305	+	4
Family caregiver amount for children under 18 years of age. Number of children born for whom you are claiming the family caregiver amount	352		x $2,093 =		367	+	5
Amount for infirm dependants age 18 or older (attach Schedule 5)					306	+	6
CPP or QPP contributions: through employment from box 16 and box 17 of all T4 slips (attach Schedule 8 or Form RC381, whichever applies)					308	+	•7
on self-employment and other earnings (attach Schedule 8 or Form RC381, whichever applies)					310	+	•8
Employment insurance premiums: through employment from box 18 and box 55 of all T4 slips					312	+	•9
Employment insurance premiums: on self-employment and other eligible earnings (attach Schedule 13)					317	+	•10
Volunteer firefighters' amount					362	+	11
Search and rescue volunteers' amount					395	+	12
Canada employment amount (If you reported employment income on line 101 or line 104, see line 363 in the guide.)			(maximum $1,146)		363	+	13
Public transit amount					364	+	14
Children's arts amount					370	+	15
Home buyer's amount					369	+	16
Adoption expenses					313	+	17
Pension income amount (use the federal worksheet)			(maximum $2,000)		314	+	18
Caregiver amount (attach Schedule 5)					315	+	19
Disability amount (for self) (claim $7,899, or if you were under 18 years of age, use the federal worksheet)					316	+	20
Disability amount transferred from a dependant (use the federal worksheet)					318	+	21
Interest paid on your student loans					319	+	22
Your tuition, education, and textbook amounts (attach Schedule 11)					323	+	23
Tuition, education, and textbook amounts transferred from a child					324	+	24
Amounts transferred from your spouse or common-law partner (attach Schedule 2)					326	+	25
Medical expenses for self, spouse or common-law partner, and your dependent children born in 1998 or later	330			26
Enter $2,208 or 3% of line 236 of your return, whichever is less.		-		27
Line 26 minus line 27 (if negative, enter "0")		=		28
Allowable amount of medical expenses for other dependants (do the calculation at line 331 in the guide)	331	+		29
Add lines 28 and 29		=		►	332	+	30
Add lines 1 to 25, and line 30					335	=	31
Federal non-refundable tax credit rate (%)						x	32
Multiply line 31 by line 32					338	=	33
Donations and gifts (attach Schedule 9)					349	+	34
Add lines 33 and 34. Enter this amount on line 47 on the next page.			Total federal non-refundable tax credits		350	=	35

Step 2 - Federal tax on taxable income
Enter your taxable income from line 260 of your return.					36
Complete the appropriate column depending on the amount on line 36.	Line 36 is $44,701 or less	Line 36 is more than $44,701 but not more than $89,401	Line 36 is more than $89,401 but not more than $138,586	Line 36 is more than $138,586
Enter the amount from line 36					37
	-	-	-	-	38
Line 37 minus line 38 (cannot be negative)	=	=	=	=	39
	x	x	x	x	40
Multiply line 39 by line 40	=	=	=	=	41
	+	+	+	+	42
Add lines 41 and 42	=	=	=	=	43

Step 3 - Net federal tax
Enter the amount from line 43							44
Federal tax on split income (from line 5 of Form T1206)					424	+	•45
Add lines 44 and 45					404	=	►		46
Enter your total federal non-refundable tax credits from line 35 in step 1					350		47
Family tax cut (attach Schedule 1-A)					423	+	•48
Federal dividend tax credit					425	+	•49
Overseas employment tax credit (attach Form T626)					426	+	50
Minimum tax carryover (attach Form T691)					427	+	•51
Add lines 47 to 51						=	►	-	52
Line 46 minus line 52 (if negative, enter "0")					Basic Federal Tax		429	=	53
Federal foreign tax credit (attach Form T2209)							405	-	54
Line 53 minus line 54 (if negative, enter "0")					Federal Tax		406	=	55
Total federal political contributions (attach receipts)				409	56
Federal political contribution tax credit (use the federal worksheet)			(maximum $650)		410		•57
Investment tax credit (attach Form T2038(IND))					412	+	•58
Labour-sponsored funds tax credit	Net Cost	413	Allowable credit		414	+	•59
Add lines 57, 58 and 59					416	=	►	-	60
Line 55 minus line 60 (if negative, enter "0") If you have an amount on line 45 above, see Form T1206.							417	=	61
Working income tax benefit advance payments received (box 10 of the RC210 slip)							415	+	•62
Special taxes (see line 418 in the guide)							418	+	63
Add lines 61, 62, and 63. Enter this amount on line 420 of your return.							420	=	64

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Schedule 1 Calculator

Federal Tax