Cost of living tax credit |
Adjusted net income |
Enter the net income from line 236 of your return. | | | 1 |
Enter the total of amounts claimed on line 244 and line 250 of your return. | - | | 2 |
Line 1 minus line 2 (if negative, enter "0") | = | | 3 |
Enter the amount claimed for foreign income from line 256 of your return that is exempt under a tax treaty. | 6054 | - | | 4 |
Line 3 minus line 4 (if negative, enter "0") | Adjusted net income | = | | 5 |
Basic credit for self |
If your adjusted net income (line 5) is less than $66,000, complete the calculation for line 6250 on the Territorial Worksheet. |
If the amount on line 5 is $66,000 or more, enter $942 on line 6. |
Credit calculated for line 6250 on the Territorial Worksheet | | Basic credit for self (maximum $942) | 6250 | | | 6 |
Cost of living tax credit supplement |
If on December 31, 2024, you were 18 years of age or older, you may be entitled to a supplement to the cost of living tax credit. |
If you were under 18 years of age, enter "0" on line 13 and continue on line 14. |
If you had a spouse or common-law partner on December 31, 2024, only one of you can claim the cost of living tax credit supplement for your family. If your spouse or common-law partner claimed the supplement for your family, enter "0" on line 13 and continue on line 14. |
Basic supplement for self | | | 7 | |
If on December 31, 2024, you had a spouse or common-law partner, tick the box to enter $350, Otherwise "0" will be entered | | 6247 | + | | 8 | |
Add lines 7 and 8. | = | | ► | | | 9 | |
Enter the basic credit for self from line 6. | | | 10 | |
If on December 31, 2024, you had a spouse or common-law partner, enter the "Basic credit for self" from his or her Form NT479. Otherwise, enter "0". | 6248 | + | | 11 | | | | | | |
Add lines 10 and 11 | | = | | ► | - | | 12 | |
Line 9 minus line 12 (if negative, enter "0") | Cost of living tax credit supplement | 6249 | = | | ► | + | | 13 |
Add lines 6 and 13 (maximum $942). Enter the result on line 479 of your return. | Northwest Territories credit | 6251 | = | | 14 |