T1 General - 2024

Ontario Tax ON428

This calculator, relevant to Ontario, comprises 7 steps to calculate the figure for line 428 of your tax return:

Step 1 - Ontario non-refundable tax credits

Step 2 - Ontario tax on taxable income

Step 3 - Ontario tax

Step 4 - Ontario tax reduction

Step 5 - Ontario foreign tax credit

Step 6 - Community food program donation tax credit for farmers

Step 7 - Ontario health premium

Step 1 - Step 1 - Ontario non-refundable tax credits
Basic personal amount						claim $9,863		5804		1
Age amount (if born in 1950 or earlier) (use the Provincial Worksheet)						(maximum $4,815)		5808	+	2
Spouse or common-law partner amount
Base amount
Minus: his or her net income from page 1 of your return		-
Result: (if negative, enter "0")		=				(maximum $8,375)	►	5812	+	3
Amount for an eligible dependant
Base amount
Minus: his or her net income from page 1 of your return		-
Result: (if negative, enter "0")		=				(maximum $8,375)	►	5816	+	4
Amount for infirm dependants age 18 or older (use the Provincial Worksheet)								5820	+	5
CPP or QPP contributions:
	(amount from line 308 of your federal Schedule 1)							5824	+	•6
	(amount from line 310 of your federal Schedule 1)							5828	+	•7
Employment insurance premiums:
	(amount from line 312 of your federal Schedule 1)							5832	+	•8
	(amount from line 317 of your federal Schedule 1)							5829	+	•
Adoption expenses						(maximum $12,033)		5833	+	10
Pension income amount						(maximum $1,364)		5836	+	11
Caregiver amount (use Provincial Worksheet)								5840	+	12
Disability amount (for self) (Claim $7,968, or if you were under 18 years of age, use the Provincial Worksheet.)								5844	+	13
Disability amount transferred from a dependant (use the Provincial Worksheet)								5848	+	14
Interest paid on your student loans (amount from line 319 of your federal Schedule 1)								5852	+	15
Your tuition and education amounts [use and attach Schedule ON(S11)]								5856	+	16
Tuition and education amounts transferred from a child								5860	+	17
Amounts traONferred from your spouse or common-law partner [use and attach Schedule ON(S2)]								5864	+	18
Medical expenses:
(Read line 5868 in the forms book.)				5868			19
Enter $2,232 or 3% of line 236 of your return, whichever is less.					-		20
Line 19 minus line 20 (if negative, enter "0")					=		21
Allowable amount of medical expenses for other dependants (use the Provincial Worksheet)				5872	+		22
Add lines 21 and 22.				5876				►	+	23
Add lines 1 to 18, and line 23.								5880	=	24
Ontario non-refundable tax credit rate (%)									x	25
Multiply line 24 by line 25.								5884	=	26
Donations and gifts:
Amount from line 345 of your federal Schedule 9			x 5.05% =				27
Amount from line 347 of your federal Schedule 9			x 11.16% =		+		28
Add lines 27 and 28.				5896	=			►	+	29
Add lines 26 and 29. Enter this amount on line 42.				Ontario non-refundable tax credits				6150	=	30

Step 2 - Ontario tax on taxable income
Enter your taxable income from line 260 of your return.										31
Complete the appropriate column depending on the amount on line 31.	Line 31 is $40,922 or less		Line 31 is more than $40,922 but not more than $81,847		Line 31 is more than $81,847 but not more than $150,000		Line 31 is more than $150,000 but not more than $220,000		Line 31 is more than $220,000
Enter the amount from line 31											32
	-		-		-		-		-		33
Line 32 minus line 33 (cannot be negative)	=		=		=		=		=		34
	x	%	x	%	x	%	x	%	x	%	35
Multiply line 34 by line 35	=		=		=		=		=		36
	+		+		+		+		+		37
Add lines 36 and 37	=		=		=		=		=		38

Step 3 - Ontario tax
Enter your Ontario tax on taxable income from line 38.						39
Enter your Ontario tax on split income from Form T1206.				6151	+	•40
Add lines 39 and 40.					=	41
Enter your Ontario non-refundable tax credits from line 30.				42
Ontario overseas employment tax credit: Amount from line 426 of your federal Schedule 1	x 38.5% =	6153	+	•43
Add lines 42 and 43			=	►	-	44
Line 41 minus line 44 (if negative enter "0")					=	45
Ontario minimum tax carryover: Enter the amount from line 45.				46
Enter your Ontario dividend tax credit from line 6152 of the Provincial Worksheet.			-	47
Line 46 minus line 47 (if negative, enter "0")			=	48
Amount from line 427 of your federal Schedule 1	x 33.67% =			49
Enter the amount from line 48 or 49, whichever is less.				6154	-	•50
Line 45 minus line 50 (if negative, enter "0")					=	51
Ontario additional tax for minimum tax purposes: Amount from line 95 of Form T691	x 33.67% =				+	52
Add lines 51 and 52					=	53
Complete lines 54 to 56 only if the amount on line 53 is more than $4,418. Otherwise, enter "0" on line 56 and continue completing the form.
Ontario surtax
(Line 53	minus $4,418) x 20% (if negative enter "0") =			54
(Line 53	minus $5,654) x 36% (if negative enter "0") =		+	55
Add lines 54 and 55			=	►	+	56
Add lines 53 and 56					=	57
Ontario dividend tax credit:
Enter your Ontario dividend tax credit from line 6152 of the Provincial Worksheet.				6152	-	58
Line 57 minus line 58					=	59

Step 4 - Ontario tax reduction
Enter the amount from line 59							60
If you are not claiming an Ontario tax reduction, there is an amount on line 52, or the amount on line 60 is "0", enter the amount from line 60 on line 68 and continue completing the form. Otherwise, complete lines 61 to 67 to calculate the Ontario tax reduction.
Basic reduction					61
If you had a spouse or common-law partner on December 31, 2024, only the individual with the higher net income can claim the amounts on lines 62 and 63.
Reduction for dependent children born in 1997 or later. Number of dependent children	6269		x $421 =	+	62
Reduction for dependants with a mental or physical infirmity. Number of dependants	6097		x $421 =	+	63
Add lines 61, 62 and 63				=	64
Enter the amount from line 64			x 2 =		65
Enter the amount from line 60				-	66
Line 65 minus line 66 (if negative enter "0")		Ontarion tax reduction claimed		=	►	-	67
Line 60 minus line 67 (if negative enter "0")						=	68
Step 5 - Ontario foreign tax credit
Enter the Ontario foreign tax credit from Form T2036.						-	69
Line 68 minus line 69 (if negative enter "0")						=	70
Step 6 - Community food program donation tax credit for farmers
Enter the amount of qualifying donations that have also been claimed as charitable donations	6098		x 25% =			-	71
Line 70 minus line 71 (if negative enter "0")						=	72
Step 7 - Ontario health premium
If your taxable income (from line 31) is not more than $20,000, enter "0". Otherwise, enter the amount calculated in the chart on the next page.			Ontario health premium			+	73
Add lines 72 and 73.			Ontario tax			=	74

Ontario Health Premium
Taxable income from line 31											1
Taxable Income
More Than	Not more than	Value Match								Ontario health premium
									=
			-	=	x	%	=	+	=
									=
			-	=	x	%	=	+	=
									=
			-	=	x	%	=	+	=
									=
			-	=	x	%	=	+	=
									=
			-	=	x	%	=	+	=
									=

Menu

T1 General - 2024

Ontario Tax ON428