Solution Manual for Canadian Tax Principles 2016-2017 Edition Volumes I and II by Clarence Byrd, Chen

Solution Manual for Canadian Tax Principles 2016-2017 Edition Volumes I and II by Clarence Byrd, Chen

Software Assignment Problem Four – 3 Solution
(Updated For 2014)
This pdf file includes the complete tax return prepared using the ProFile T1 tax software. The T1 ProFile return file named “Software Problem 04-3.14T” is also
available on this web page.
Solution For Tax Software Assignment Problem 11-3 Contains
Chapter 8 Interim Solution
Tax Software Assignment Problem Eleven-3 is a very comprehensive problem. The material
related to each chapter is clearly identified to help users determine where the relevant
coverage is in the textbook.
For instructors wishing to assign a tax software problem after Chapter 4, but before Chapter
11, an interim solution is available for the material up to and including Chapter 8 (capital
gains).
Please see the sample tax return in the Study Guide for suggestions on using the Profile tax
program.
Notes To Tax Return
Mary claims the maximum Family Tax Cut of $2,000 as you would expect.
Either spouse can claim the charitable donations made by the couple, including donations
shown on Mary’s T4. As we are assuming Seymour has no income, they have been claimed by
Mary.
The “Summary” form is available in the Form Explorer and shows the balance (refund). In
addition, the data monitor that is at the bottom of the screen also shows the balance (refund)
for each province. The comparison of the total federal and provincial Tax Payable or refund,
in the order that the provinces are listed in the ProFile drop down menu (west to east,
excluding Quebec) is in the following table. The corresponding figures for the previous year
are also given.
One major difference is the availability of the Family Tax Cut in 2014.
Balance Owing (Refund)
Province 2014 2013
British Columbia ($7,818) ($5,763)
Alberta (10,795) ( 8,602)
Saskatchewan ( 6,901) ( 4,681)
Manitoba ( 1,591) 617
Ontario ( 4,338) ( 2,138)
New Brunswick (Original Province) ( 1,933) ( 1,770)
Nova Scotia ( 733) 1,419
Prince Edward Island ( 634) 1,490
Newfoundland/Labrador ( 5,385) ( 3,183)
Yukon ( 8,761) ( 6,551)
Northwest Territories ( 9,684) ( 7,463)
Nunavut (13,130) (10,917)
Copyright © 2015, Clarence Byrd Inc. Page 1
Software Assignment Problem Four – 3 Solution
(Updated For 2014)
Canada Revenue Agence du revenu
Agency du Canada T1 GENERAL 2014
Income Tax and Benefit Return
Mary-Chap 4P
Career
123 ABC Street
Saint John NB E0E 0E0
First name and initial
Last name
Care of
Mailing address: Apt No – Street No Street name
PO Box RR
City Prov./Terr. Postal Code
I understand that by providing an email address, I am registering for online
mail and I accept the terms and conditions on page 10 of the guide.
Enter an email address:
Information about your residence
New Brunswick
Enter your province or territory of
residence on December 31, 2014:
If your province or territory of residence changed
in 2014, enter the date of your move.
Is your home address the same as your
mailing address ? Yes No
Enter the province or territory where
you currently reside if it is not the
same as your mailing address above:
If you were self-employed in 2014,
enter the province or territory of
self-employment:
If you became or ceased to be a resident of Canada for income tax
purposes in 2014, enter the date of:
Month/Day Month/Day
entry or departure
Identification
7
Information about you
527 000 129
1976-12-08
X
Enter your social insurance number (SIN)
Year/Month/Day
Enter your date of birth:
Your language of correspondence: English Français
Votre langue de correspondance :
Is this return for a deceased person?
If this return is for a deceased Year/Month/Day
person, enter the date of death:
Your marital status on December 31, 2014
X
(see the “Marital status” section in the guide for details)
1 Married 2 Living common-law 3 Widowed
4 Divorced 5 Separated 6 Single
Information about your spouse or
common-law partner (if you ticked box 1 or 2 above)
527 000 079
Seymour
Enter his or her SIN:
Enter his or her first name:
Enter his or her net income for 2014
to claim certain credits:
Enter the amount of UCCB included on line 117
of his or her return:
Enter the amount of UCCB repayment included
on line 213 of his or her return
Tick this box if he or she was self-employed in 2014: 1
Do not use this area
Do not
use this area 172 171
Protected B when completed
Complete all the sections that apply to you. For more information, see the guide.
X
X
Elections Canada (see the Elections Canada page in the tax guide for details or visit www.elections.ca)
A) Are you a Canadian citizen? Yes 1 No 2
Answer the following question only if you are a Canadian citizen.
B) As a Canadian citizen, do you authorize the Canada Revenue Agency to give your name, address, date of birth,
and citizenship to Elections Canada to update the National Register of Electors? Yes 1 No 2
Your authorization is valid until you file your next return. Your information will only be used for
purposes permitted under the Canada Elections Act, which include sharing the information with
provincial/territorial election agencies, members of Parliament, and registered political parties, as
well as candidates at election time.
X
Please answer the following question
Did you own or hold foreign property at any time in 2014 with a total cost of more than
CAN$100,000? See “Foreign income” in the guide for more information. 266 Yes 1 No 2
If yes, complete and attach Form T1135 to your return.
If you had dealings with a non-resident trust or corporation in 2014, see the “Foreign income” section in the guide.
Protected B when completed 2
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
101 152,866 08
102
103
104
Old Age Security pension (box 18 on the T4A(OAS) slip) 113
CPP or QPP benefits (box 20 on the T4A(P) slip) 114
152
115
116
117
185
Employment Insurance and other benefits (box 14 on the T4E slip) 119
Taxable amount of dividends (eligible and other than eligible) from taxable Canadian
corporations (attach Schedule 4) 120
180
121
Net partnership income: limited or non-active partners only 122
125
Rental income 160 126
127
Support payments received 156 128
129
130
162 135
164 137
166 139
168 141
170 143
144
145
Net federal supplements (box 21 on the T4A(OAS) slip) 146
Add lines 144, 145, and 146
(see line 250 in the guide). 147

Add lines 101, 104 to 143, and 147 This is your total income. 150 152,866 08
Protected B when completed 3
The guide contains valuable information to help you complete your return.
When you come to a line on the return that applies to you, look up the line number in the guide for more information.
As a Canadian resident, you have to report your income from all sources both inside and outside Canada.
Total income
Employment income (box 14 on all T4 slips)
Commissions included on line 101 (box 42 on all T4 slips)
Wage loss replacement contributions
(see line 101 in the guide)
Other employment income
Disability benefits included on line 114
(box 16 on the T4A(P) slip)
Other pensions and superannuation
Elected split-pension amount (attach Form T1032)
Universal Child Care Benefit (UCCB)
UCCB amount designated to a dependant
Taxable amount of dividends other than eligible dividends,
included on line 120, from taxable Canadian corporations
Interest and other investment income (attach Schedule 4)
Registered disability savings plan income
Gross Net
Taxable capital gains (attach Schedule 3)
Total Taxable amount
RRSP income (from all T4RSP slips)
Other income Specify:
Self-employment income
Business income Gross Net
Professional income Gross Net
Commission income Gross Net
Farming income Gross Net
Fishing income Gross Net
Workers’ compensation benefits (box 10 on the T5007 slip)
Social assistance payments
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
150 152,866 08
206
207
208
205
Deduction for elected split-pension amount (attach Form T1032) 210
Annual union, professional, or like dues (box 44 on all T4 slips, and receipts) 212
Universal Child Care Benefit repayment (box 12 on all RC62 slips) 213
214
215
Business investment loss Gross Allowable deduction 228 217
219
Support payments made Total Allowable deduction 230 220
221
Deduction for CPP or QPP contributions on self-employment and other earnings
(attach Schedule 8 or Form RC381, whichever applies) 222
224
229
231
232
233
234 152,866 08
Social benefits repayment (if you reported income on line 113, 119, or 146, see Line 235 in the guide)
Use the federal worksheet to calculate your repayment. 235
Line 234 minus line 235 (if negative, enter “0”).
If you have a spouse or common-law partner, see Line 236 in the guide. This is your net income. 236 152,866 08
244
248
249
Other payments deduction
(if you reported income on line 147, see Line 250 in the guide) 250
251
252
253
254
255
256
257
Line 236 minus line 257 (if negative, enter “0”) This is your taxable income. 260 152,866 08
Protected B when completed 4
Attach your Schedule 1, Federal Tax here.
Also attach here any other schedules, information slips, forms, receipts, and documents that
you need to include with your return.
Net income
Enter your total income from line 150
Pension adjustment
(box 52 on all T4 slips and box 034 on all T4A slips)
Registered pension plan deduction (box 20 on all T4 slips and box 032 on all T4A slips)
RRSP/pooled registered pension plan (PRPP) deduction
(see Schedule 7 and attach receipts)
PRPP employer contributions
(amount from your PRPP contribution receipts)
Child care expenses (attach Form T778)
Disability supports deduction
Moving expenses
Carrying charges and interest expenses (attach Schedule 4)
Exploration and development expenses (attach Form T1229)
Other employment expenses
Clergy residence deduction
Other deductions Specify:
Add lines 207, 208, 210 to 224, 229, 231, and 232.
Line 150 minus line 233 (if negative, enter “0”). This is your net income before adjustments.
Taxable income
Canadian Forces personnel and police deduction (box 43 on all T4 slips)
Employee home relocation loan deduction (box 37 on all T4 slips)
Security options deductions
Limited partnership losses of other years
Non-capital losses of other years
Net capital losses of other years
Capital gains deduction
Northern residents deductions (attach Form T2222)
Additional deductions Specify:
Add lines 244 to 256.
Use your taxable income to calculate your federal tax on Schedule 1 and your provincial or territorial tax on Form 428.
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
420 26,820 78
CPP contributions payable on self-employment and other earnings
(attach Schedule 8 or Form RC381, whichever applies) 421
430
422
Provincial or territorial tax (attach Form 428, even if the result is “0”) 428 19,911 17
Add lines 420, 421, 430, 422, and 428. This is your total payable. 435 46,731 95
437 48,665 11
440
448
450
452
453
454
456
Employee and partner GST/HST rebate (attach Form GST370) 457
476
Provincial or territorial credits (attach Form 479 if it applies) 479
Add lines 437 to 479. These are your total credits. 482 48,665 11 48,665 11
Line 435 minus line 482 This is your refund or balance owing. (1,933 16)
484 1,933 16 485
Direct deposit – Enrol or update (see line 484 in the guide)
460 _____ 461 462 ____________
You do not have to complete this area every year. Do not complete it this year if your direct deposit information has not
changed.
To enrol for direct deposit or to update your account information, complete lines 460, 461, and 462 below.
By providing my banking information I authorize the Receiver General to deposit in the bank account number shown below any
amounts payable to me by the CRA, until otherwise notified by me. I understand that this authorization will replace all of my
previous direct deposit authorizations.
Branch Institution
number number Account number
(5 digits) (3 digits) (maximum 12 digits)
(506) 111-1111 2015-01-26
I certify that the information given on this return and in any documents
attached is correct, complete, and fully discloses all my income.
Sign here
It is a serious offence to make a false return.
Telephone Date
490 X
(___) ___-____
C3099
If a fee was charged for preparing this
return, complete the following:
Name
Telephone
EFILE number (if applicable): 489
Do not use
this area 487 488 486
Protected B when completed 5
Refund or Balance owing
Net federal tax: enter the amount from line 66 of Schedule 1 (attach Schedule 1, even if the result is “0”)
Employment Insurance premiums payable on self-employment and other eligible earnings (attach Schedule 13)
Social benefits repayment (enter the amount from line 235)
Total income tax deducted
Refundable Québec abatement
CPP overpayment (enter your excess contributions)
Employment Insurance overpayment (enter your excess contributions)
Refundable medical expense supplement (use the federal worksheet)
Working Income Tax Benefit (WITB) (attach Schedule 6)
Refund of investment tax credit (attach Form T2038(IND))
Part XII.2 trust tax credit (box 38 on all T3 slips)
Tax paid by instalments
If the result is negative, you have a refund. If the result is positive, you have a balance owing.
Enter the amount below on whichever line applies.
Generally, we do not charge or refund a difference of $2 or less.
Refund Balance owing
For more information on how to make your payment, see line 485 in the guide or go to
www.cra.gc.ca/mypayment. Your payment is due no later than April 30, 2015.
Personal information, including the social insurance number, is collected under the Income Tax Act to assess individual income tax for the federal government
and the provinces and territories. It can be used for audit, compliance, or evaluation purposes and shared or verified with other federal and provincial/territorial
government institutions. Failure to provide the information may result in interest payable, penalties, or other actions. Under the Privacy Act, individuals have a
right to and shall, on request, be given access to their personal information and to request correction of it: refer to InfoSource (www.infosource.gc.ca), personal
information bank CRA PPU 005.
RC-14-148
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
T1-2014 Federal Tax Schedule 1
300 11,138 00
Age amount (if you were born in 1949 or earlier) (use federal worksheet) (maximum $6,916) 301
303 11,138 00
305
366 1 2,255 2,255 00
Amount for children born in 1997 or later
Number of children for whom you are not claiming
the family caregiver amount x $ = 5
352 4,313
Number of children for whom you are claiming
the family caregiver amount x $ = 6
Add lines 5 and 6. = 2,255 00 367 2,255 00 7
Amount for infirm dependants age 18 or older (attach Schedule 5) 306
CPP or QPP contributions:
through employment from box 16 and box 17 of all T4 slips 308 2,425 50
310
312 913 68
Employment Insurance premiums:
through employment from box 18 and box 55 of all T4 slips (maximum $913.68) 11
317
Volunteer firefighters’ amount 362
Search and rescue volunteers’ amount 395
Canada employment amount
(If you reported employment income on line 101 or line 104, see line 363 in the guide.) (maximum $1,127) 363 1,127 00
364
365
370
369
313
314
315
Disability amount (for self) (Claim $7,766 or if you were under age 18, use the federal worksheet) 316
318
319
323
324
326
330
2,171 00
Allowable amount of medical expenses for other dependants
(do the calculation at line 331 in the guide) 331
332
335 28,997 18
15
338 4,349 58
349 479 50
Add lines 36 and 37.
Enter this amount on line 50. Total federal non-refundable tax credits 350 4,829 08
Page 1 of 2
Protected B when completed
Complete this schedule, and attach a copy to your return.
For more information, see the related line in the guide.
Step 1 – Federal non-refundable tax credits
Basic personal amount claim $11,138 1
2
Spouse or common-law partner amount (attach Schedule 5) = 3
Amount for an eligible dependant (attach schedule 5) = 4
8
9
on self-employment and other earnings (attach Schedule 8 or Form RC381, whichever applies) 10
on self-employment and other eligible earnings (attach Schedule 13) 12
13
14
15
Public transit amount 16
Children’s fitness amount 17
Children’s arts amount 18
Home buyers’ amount 19
Adoption expenses 20
Pension income amount (use the federal worksheet) (maximum $2,000) 21
Caregiver amount (attach Schedule 5) 22
23
Disability amount transferred from a dependant (use the federal worksheet) 24
Interest paid on your student loans 25
Your tuition, education, and textbook amounts (attach Schedule 11) 26
Tuition, education, and textbook amounts transferred from a child 27
Amounts transferred from your spouse or common-law partner (attach Schedule 2) 28
Medical expenses for self, spouse or common-law partner, and your
dependent children born in 1997 or later 29
Enter $2,171 or 3% of line 236, whichever is less 30
Line 29 minus line 30 (if negative, enter “0”) 31
32
Add lines 31 and 32. 33
Add lines 1 to 4,7 to 28, and line 33. 34
Federal non-refundable tax credit rate % 35
Multiply line 34 by line 35. 36
Donations and gifts (attach Schedule 9) 37
38
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
152,866 08
Complete the appropriate column depending on
the amount on line 39.
Line 39 is
$43,953 or less
Line 39 is more
than $43,953 but
not more than
$87,907
Line 39 is more
than $87,907 but
not more than
$136,270
Line 39 is more than
$136,270
152,866 08
43,953 00 87,907 00 136,270 00
0 00 16,596 08
x 15 x 22 x 26 x 29
4,812 86
0 00 6,593 00 16,263 00 28,837 00
Add lines 44 and 45. 33,649 86
33,649 86
424
404 33,649 86 33,649 86
350 4,829 08
423 2,000 00
425
426
427
6,829 08 6,829 08
Line 49 minus line 54 (if negative, enter “0”) Basic federal tax 429 26,820 78
405
Line 55 minus line 56 (if negative, enter “0”) Federal tax 406 26,820 78
409
Federal political contribution tax credit
(use the federal worksheet) 410
412
413
Labour-sponsored funds tax credit
Net cost Allowable credit 414
416
Line 57 minus line 62 (if negative, enter “0”)
If you have an amount on line 48 above, see Form T1206 417 26,820 78
415
418
Add lines 63, 64, and 65.
Enter this amount on line 420 of your return. Net federal tax 420 26,820 78
Page 2 of 2
See the privacy notice on your return.
Protected B when completed
Step 2 – Federal tax on taxable income
Enter your taxable income from line 260 of your return. 39
Enter the amount from line 39. 40
41
Line 40 minus line 41 (cannot be negative) 42
% % % % 43
Multiply line 42 by line 43. 44
45
46
Go to Step 3. Go to Step 3. Go to Step 3. Go to Step 3.
Step 3 – Net federal tax
Enter the amount from line 46 47
Federal tax on split income (from line 5 of Form T1206) 48
Add lines 47 and 48. 49
Enter your non-refundable tax credits from line 38. 50
Family tax cut (attach Schedule 1-A) 50A
Federal dividend tax credit 51
Overseas employment tax credit (attach Form T626) 52
Minimum tax carryover (attach Form T691) 53
Add lines 50 to 53. 54
55
Federal foreign tax credit (attach Form T2209) 56
Federal logging tax credit
57
Total federal political contributions (attach receipts) 58
(maximum $650) 59
Investment tax credit (attach Form T2038(IND)) 60
61
Add lines 59, 60 and 61. 62
63
Working income tax benefit advance payments received (box 10 on the RC210 slip). 64
Special taxes (see line 418 in the guide) 65
66
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
T1-2014 Family Tax Cut Schedule 1-A
Step 1 – Federal tax before income sharing
Column 1
You
Column 2
Eligible spouse or
common-law partner
33,649 86
– 4,829 08 496- 1,670 70
= 28,820 78 =
Combined tax before
Add the amounts from line 3 in columns 1 and 2. income sharing 28,820 78
152,866 08 497
152,866 08
the taxable income from line 5
in column 1 and column 2. x 50% = (maximum $50,000) ± 50,000 00 ± 50,000 00
Add lines 5 and 6 in the column with the lower income at line 5.
Subtract line 6 from line 5 in the column with the higher income Adjusted
at line 5 (if negative enter “0”). taxable income = 102,866 08 = 50,000 00
20,152 36 7,923 34
– 4,829 08 – 1,670 70
= 15,323 28 = 6,252 64
(Note: If the claim at line 303 includes the family caregiver amount, use chart 3
on page 2 to calculate the amount to enter on this line.) 11,138 00 498
Enter the amounts transferred from your spouse or common-law partner
from line 326 of Schedule 1. + 499+
= 11,138 00 =
x 15 x 15
= 1,670 70 =
+ 15,323 28 + 6,252 64
= 16,993 98 = 6,252 64
Combined adjusted tax
Add the amounts from line 17 in columns 1 and 2. after income sharing 23,246 62
Page 1 of 2
5000-S1A
Protected B when completed
Complete this schedule to claim the family tax cut. Attach a copy of this schedule to your return.
The credit is calculated based on the net reduction to your and your spouse or common-law partner’s combined federal taxes if up to $50,000 in taxable
income was transferred from the individual with the higher taxable income to his or her spouse or common-law partner.
You can claim this credit if you were married or living in a common-law partnership, and you and your spouse or common-law partner:
were not living separate or apart because of a breakdown in your relationship for a period of 90 days or more including December 31, 2014;
were both residents of Canada on December 31, 2014 (or if either person died in the year, at the date of death); and
you both file a return for the year this credit is claimed.
You or your spouse or common-law partner must also ordinarily live throughout the year with your child who is under 18 years of age at the end of the year.
Because of a joint custody arrangement, your child may have ordinarily lived with both you and your former spouse or common-law partner throughout the
year.
You cannot claim this credit if:
you are confined to a prison or similar institution for a period of 90 days or more during the year;
your spouse or common-law partner is claiming the credit for the year;
either you or your spouse or common-law partner became bankrupt in the year; or
either you or your spouse or common-law partner has elected to split eligible pension income.
Make sure that you have completed the “Information about your spouse or common-law partner” section on page 1 of your return.
Also, to receive the maximum benefit of this credit, make sure you and your spouse or common-law partner claim all of the non-refundable tax credits you may
be entitled to when completing Schedule 1, Federal Tax, even if you don’t need the amounts to reduce your or your spouse or common-law partner’s tax.
Enter the tax on taxable income from line 46 of Schedule 1. 1 1
Enter the total non-refundable tax credits from line 350 of Schedule 1. 2 2
Line 1 minus line 2 (if negative, enter “0”) 3 3
4
Step 2 – Adjusted federal tax after income sharing
Enter the taxable income from line 260 of the return. 5 5
Enter the difference between
6 6
7 7
Tax on adjusted taxable income (use charts 1 and 2 on page 2) 8 8
Enter the amount from line 2. 9 9
Line 8 minus line 9 (if negative, show the result in brackets) 10 10
Enter the spouse or common-law partner amount from line 303 of Schedule 1.
11 11
12 12
Add lines 11 and 12. 13 13
Federal non-refundable tax credit rate % 14 % 14
Multiply line 13 by line 14. Adjustment to non-refundable tax credits 15 15
Enter the amount from line 10 (if negative, show it in brackets and subtract). 16 16
Add lines 15 and 16 (if negative enter “0”). Adjusted tax after income sharing 17 17
18
Go to Step 3 on the next page.
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
28,820 78
– 23,246 62
Line 19 minus line 20 (if negative, enter “0”) (maximum $2,000)
Enter this amount on line 423 of Schedule 1. Family tax cut = 2,000 00
Chart 1 – Tax calculation chart for yourself
102,866 08
Complete the appropriate column
depending on the amount on line 1 above.
Line 1 is
$43,953 or less
Line 1 is
more than $43,953
but not more than
$87,907
Line 1 is more than
$87,907 but not
more than
$136,270
Line 1 is
more than
$136,270
102,866 08
– – 43,953 00 – 87,907 00 – 136,270 00
= 0 00 = = 14,959 08 =
x 15 x 22 x 26 x 29
= = = 3,889 36 =
+ 0 00 + 6,593 00 + 16,263 00 + 28,837 00
Add lines 6 and 7.
Enter this amount at line 8 of page 1. = = = 20,152 36 =
Enter your adjustable taxable income from line 7 of page 1. 1
Enter the amount from line 1. 2
3
Line 2 minus line 3 (cannot be negative) 4
% % % % 5
Multiply line 4 by line 5. 6
7
8
Chart 2 – Tax calculation chart for your spouse or common-law partner
50,000 00
Complete the appropriate column
depending on the amount on line 1 above.
Line 1 is
$43,953 or less
Line 1 is
more than $43,953
but not more than
$87,907
Line 1 is more than
$87,907 but not
more than
$136,270
Line 1 is
more than
$136,270
50,000 00
– – 43,953 00 – 87,907 00 – 136,270 00
= 0 00 = 6,047 00 = =
x 15 x 22 x 26 x 29
= = 1,330 34 = =
+ 0 00 + 6,593 00 + 16,263 00 + 28,837 00
Add lines 6 and 7.
Enter this amount at line 8 of page 1. = = 7,923 34 = =
Enter your spouse or common-law partner’s adjustable taxable income from line 7 of page 1. 1
Enter the amount from line 1. 2
3
Line 2 minus line 3 (cannot be negative) 4
% % % % 5
Multiply line 4 by line 5. 6
7
8
Chart 3 – Line 303 adjusted for the family caregiver amount
Enter the spouse or common-law partner amount from line 303 of your or your spouse
or common-law partner’s Schedule 1.
Enter the net income of the infirm individual being claimed
for the spouse or common-law partner amount
(line 236 of his or her return).
–
= –
= –
Line 1 minus line 6 (if negative, enter “0”)
Enter this amount at line 11 of page 1. =
1
Family caregiver amount 2
3
Base amount 4
Line 3 minus line 4 (if negative, enter “0”) 5
Line 2 minus line 5 (if negative, enter “0”) 6
7
Page 2 of 2
5000-S1A See the privacy notice on your return.
Protected B when completed
Step 3 – Family tax cut
Enter the amount from line 4. 19
Enter the amount from line 18. 20
21
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
T1-2014 Amounts for Spouse or Common-Law Partner
and Dependants
Schedule 5
Lines 303 and 305
Month/Day
Has your marital status changed in 2014? If yes, tick this box 5522 and enter the date of the change.
Make sure you have ticked the box on page 1 of your return indicating your marital status on December 31, 2014.
11,138 00
5109+
= 11,138 00
–
Line 3 minus line 4 (if negative, enter “0”).
Enter this amount on line 303 of your Schedule 1. = 11,138 00
First and last name: Year of birth Relationship to you
X
Is this dependant physically or
mentally infirm?
Yes No Address:
N/A
11,138 00
If you are entitled to the family caregiver amount, enter $2,058 (see page 35 in the guide and read
the note below). 5110+
= 11,138 00
5106-
Line 3 minus line 4 (if negative, enter “0”).
Enter this amount on line 305 of your Schedule 1. =
First and last name: Year of birth Relationship to you
Address:
N/A
–
=
First and last name: Year of birth Relationship to you Is this dependant physically or
mentally infirm?
Yes No Address:
N/A
If you are entitled to the family caregiver amount, enter $2,058 (see page 35 in the guide and complete
box 5112 below). +
=
–
Line 3 minus line 4 (if negative, enter “0”)If you are entitled to the family caregiver amount on line 2,
the maximum amount is $6,588. If not, the maximum is $4,530. =
–
=
Line 315 – Caregiver amount
Provide the requested information and complete the following calculation for each dependant.
Base amount 1
2
Add lines 1 and 2. 3
Dependant’s net income (line 236 of his or her return) 4
5
If you claimed this dependant on line 305 of Schedule 1, enter the amount you claimed. 6
Allowable amount for this dependant: line 5 minus line 6 (if negative, enter “0”). 7
5112
Page 1 of 1
See the privacy notice on your return.
Protected B when completed
See the guide to find out if you can claim an amount on line 303, 305, 306, or 315 of Schedule 1. For each dependant claimed, provide the details requested
below. Attach a copy of this schedule to your return.
Line 303 – Spouse or common-law partner amount
Base amount 1
If you are entitled to the family caregiver amount, enter $2,058 (see page 35 in the guide). 2
Add lines 1 and 2. 3
Spouse’s or common-law partner’s net income from page 1 of your return 4
5
Line 305 – Amount for an eligible dependant
Provide the requested information and complete the following calculation for this dependant.
Base amount 1
2
Add lines 1 and 2. 3
Dependant’s net income (line 236 of his or her return) 4
5
Note: if you are entitled to the family caregiver amount for this dependant and you are claiming the child amount on
line 367 for the same dependant, you must claim the family caregiver amount on line 367, and not on this line.
Line 306 – Amount for an infirm dependant aged 18 or older
Provide the requested information and complete the following calculation for each dependant.
Base amount 1
Infirm dependant’s net income (line 236 of his or her return) 2
Allowable amount for this dependant: line 1 minus line 2 (if negative, enter “0”) (maximum $6,589) 3
Enter, on line 306 of your Schedule 1, the total amount you are claiming for all dependants.
Enter, on line 315 of your Schedule 1, the total amount you are claiming for all dependants.
Enter the total number of dependants for whom you entered $2,058 on line 2 for this calculation.
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
Donations made to registered charities, registered Canadian amateur athletic associations,
and registered Canadian low-cost housing corporations for the aged 1,750 00
Donations made to government bodies (government of Canada, a province or territory, a registered municipality
in Canada, or a registered municipal or public body performing a function of government in Canada) +
333+
334+
Total eligible amount of
Add lines 1 to 4. charitable donations = 1,750 00
152,866 08 114,649 56
Gifts of depreciable property
(from Chart 2 in Pamphlet P113, Gifts and Income Tax) 337
Gifts of capital property
(from Chart 1 in Pamphlet P113, Gifts and Income Tax) 339+
= +
Enter the total of lines 6 and 9 or the amount on line 236
of your return, whichever is less. Total donations limit = 114,649 56
Allowable charitable donations and government gifts
(enter the amount from line 5 or line 10, whichever is less) 340 1,750 00
Eligible amount of cultural and ecological gifts
(see line 349 in the guide) 342+
344= 1,750 00
345- 200 00 346 30 00
347= 1,550 00 348+ 449 50
343= 341+
Add lines 11, 12, and 13.
Enter this amount on line 349 of Schedule 1. Donations and gifts = 479 50
Page 1 of 1
See the privacy notice on your return.
Protected B when completed
T1-2014 Donations and Gifts Schedule 9
For more information, see Line 349 in the guide and read Pamphlet P113, Gifts and Income Tax.
Attach a copy of this schedule to your return. Remember, you may have charitable donations shown on your T4 and T4A slips.
1
2
Donations made to registered universities outside Canada that are prescribed 3
Donations made to the United Nations, its agencies, and certain registered foreign charitable organizations 4
5
Enter your net income from line 236 of your return. x 75% = 6
Note: If the amount on line 5 is less than the amount on line 6, enter the amount from line 5 on line 340 below, and
continue completing the schedule from that line.
7
8
Add lines 7 and 8. x 25% = 9
10
Add lines 340 and 342.
Enter $200 or the amount from line 344, whichever is less. x 15% = 11
Line 344 minus line 345 x 29% = 12
First-time donor super credit (FDSC)
For the purpose of the FDSC, an individual will be considered a “first-time donor” if neither the individual nor the individual’s spouse or common-law partner (if
you have one) has claimed and been allowed a charitable donations tax credit for any year after 2007.
Only gifts of money made after March 20, 2013, to a maximum of $1,000, are eligible for the FDSC.
Note: If you have a spouse or common-law partner, you can share the claim for the FDSC, but the total combined donations claimed cannot be more
than $1,000.
Enter the amount of gifts of money *
made after March 20, 2013 (Maximum $1,000) x 25% = 13
14
* The amount claimed at line 343 must also be claimed at line 340 by you or your spouse or common-law partner (if you have one). Also note that if
the donations are shared, the combined amount at line 343 for you and your spouse or common-law partner cannot exceed the combined amount
claimed at line 340 by both of you.
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
Charitable donations Donations
Charitable donations details
Name of organization Amount paid
Canadian Cancer 500 00
Salvation Army 250 00
Reported on slips Claim: Own slips 1,000 00
Total current year donations 1,750 00
Donations to U.S. organizations
Name of organization Amount paid
Total current year donations <NIL>
Other gifts
Charitable donations summary
1,750 00
+ +
= = 1,750 00 1,750 00
152,866 08
= = 114,649 56
+ +
= =
+ +
= = 114,649 56
–
= = 114,649 56 114,649 56
1,750 00 1,750 00
Charitable donation carryforward – Canadian
Year Beginning balance Claimed in 2014 Ending balance
2009
2010
2011
2012
2013
2014
Totals
Page 1 of 2
Donations made to government entities
Donations made to prescribed universities outside Canada.
Donations made to the United Nations, its agencies, and
certain charitable organizations outside Canada.
Donations made to a registered museum or cultural organization.
U.S. Canadian Total
Total current year donations
Other gifts
Unclaimed donations from 2010 – 2013
Unclaimed donations from 2009
Total charitable donations A
Net income B
75% of line B C
Gifts of depreciable property D
Taxable capital gains minus capital gains deduction
on gifts of capital property E
Add lines D and E F
25% of line F G
Add lines C and G H
Allowable U.S. donations I
Total donations limit J
Allowable charitable donations
(least of lines A, J or amount required to
reduce federal tax to zero)
Charitable donations available for carryforward
File: Career, Mary-Chap 4P SIN: 527 000 129 Printed: 2015/01/26 08:37
Charitable donations Donations
Cultural and ecological gifts (pre-February 11, 2014) carryforward
Year Beginning balance Claimed in 2014 Ending balance
2009
2010
2011
2012
2013
2014
Totals
Ecological gifts (post-February 10, 2014) carryforward
Year Beginning balance Claimed in 2014 Ending balanc