NL Newfoundland and Labrador Tax Return Calculator 2025 / 2026

Province and Income
*** Please Enter your annual Gross income ***
Newfoundland and Labrador Tax Return Overview
Income
Taxable income
Net taxable Income
Federal tax on taxable income
Net Federal tax
Province tax

Tax Calculation: View Options
Newfoundland and Labrador Tax Calculators
5808
5820
5840
5844
5848
5856
5864
5872
6152
53
428
Amounts Transferred From Your Spouse or Common-Law Partner
Age amount (if your spouse or common-law partner was 65 years of age or older in 2020): If his or her net income is $ 30,790.00 or less, enter $ 5,619.00. Otherwise, enter the amount from line 5808 of his or her Form NL428.59021
Pension income amount: Enter the amount from line 5836 of his or her Form NL428.(maximum = $ 1,000.00)5905+2
Disability amount: Enter the amount from line 5844 of his or her Form NL428.5907+3
Tuition and education amounts: Enter the provincial amount designated to you as shown on his or her Form T2202A, TL11A, TL11B, or TL11C.5909+4
Add lines 1 to 4=5
Spouse's or common-law partner's taxable income: Enter the amount from line 260 of his or her return if it is $ 35,148.00 or less. If the taxable income is more than $ 35,148.00, enter instead the result of the following calculation: amount from line 39 of his or her Form NL428 divided by 0%.6
Enter the total of lines 5804, 5824, 5828, 5832, 5829, and 5833 of his or her Form NL428 plus line 13 of his or her Schedule NL(S11).-7
His or her adjusted taxable income: Line 6 minus line 7 (if negative, enter "0")5912=-8
Line 5 minus line 8 (if negative, enter "0") Enter this amount on line 5864 of your Form NL428.Provincial amounts transferred from your spouse or common-law partner=9
Newfoundland and Labrador tuition and education amounts claimed by the student for 2020
Unused Newfoundland and Labrador tuition and education amounts from your 2014 notice of assessment or notice of reassessment *1
Eligible tuition fees paid for 202059142
Education amount for 2020: Use columns B and C of forms T2202A, TL11A, TL11B, and TL11C. Only one claim per month (maximum 12 months)
Enter the number of months from column B (do not include any month that is also included in column C).x $ 60.00 =5916+3
Enter the number of months from column C.x $ 200.00 =5918+4
Add lines 2, 3, and 4.Total 2020 tuition and education amounts =+5
Add lines 1 and 5.Total available tuition and education amounts=6
Enter the amount of your taxable income from line 260 of your return if it is $ 35,148.00 or less. If your taxable income is more than $ 35,148.00, enter instead the result of the following calculation: amount from line 39 of your Form NL428 divided by 0%.7
Total of lines 5804 to 5848 of your Form NL428-8
Line 7 minus line 8 (if negative, enter "0")=9
Unused Newfoundland and Labrador tuition and education amounts claimed for 2020: Enter the amount from line 1 or line 9, whichever is less.-10
Line 9 minus line 10=11
2020 tuition and education amounts claimed for 2020: Enter the amount from line 5 or line 11, whichever is less.+12
Add lines 10 and 12. Enter this amount on line 5856 of your Form NL428. Newfoundland and Labrador tuition and education amounts claimed by the student for 2020=13
Transfer/Carryforward of unused amount
Amount from line 614
Amount from line 13-15
Line 14 minus line 15Total unused amount=16
If you are transferring an amount to another individual, continue on line 17. Otherwise, enter the amount from line 16 on line 21.
I am transferring an amount to another individual
Enter the amount from line 5(maximum $ 5,000.00)17
Amount from line 1218
Line 17 minus line 18 (if negative, enter "0")Maximum transferable19
You can transfer all or part of the amount on line 19 to your spouse or common-law partner, to his or her parent or grandparent, or to your parent or grandparent. To do this, you have to designate the individual and specify the provincial amount that you are transferring to him or her on Form T2202A, TL11A, TL11B, or TL11C. Enter the amount on line 20 below.
Note: If you have a spouse or common-law partner, special rules may apply. Read line 5856 in the forms book.
Enter the amount you are transferring (cannot be more than line 19).Provincial amount transferred5920-20
Line 16 minus line 20Unused provincial amount available to carry forward to a future year=21
The person claiming the transfer should not attach this schedule to his or her return.
Line 5808 - Age amount
Maximum amount1
Your net income from line 236 of your return2
Base amount-3
Line 2 minus line 3 (if negative, enter "0")=4
Applicable rate (%)x5
Multiply line 4 by line 5.=-6
Line 1 minus line 6 (if negative, enter "0")=7
Enter this amount on line 5808 of Form NL428.
Line 5820 - Amount for infirm dependants age 18 or older
Complete this calculation for each dependant.
Base amount1
Dependant's net income (line 236 of his or her return)-2
Line 1 minus line 2 (if negative, enter "0")(maximum $ 2,795.00)=3
If you claimed this dependant on line 5816, enter the amount claimed.-4
Allowable amount for this dependant: line 3 minus line 4 (if negative, enter "0")=5
Enter on line 5820 of Form NL428 the total amount claimed for all dependants.
Line 5840 - Caregiver amount
Complete this calculation for each dependant.
Base amount1
Dependant's net income (line 236 of his or her return)-2
Line 1 minus line 2 (if negative, enter "0")(maximum $ 2,795.00)=3
If you claimed this dependant on line 5816, enter the amount claimed.-4
Allowable amount for this dependant: line 3 minus line 4 (if negative, enter "0")=5
Enter on line 5840 of Form NL428 the total amount claimed for all dependants.
Line 5844 - Disability amount (for self)
(supplement calculation if you were under 18 years of age on December 31, 2020)
Maximum supplement1
Total child care and attendant care expenses for you, claimed by you or by another person2
Base amount-3
Line 2 minus line 3 (if negative, enter "0")=-4
Line 1 minus line 4 (if negative, enter "0")=5
Enter on line 5844 of Form NL428 $ 5,939.00 plus the amount from line 5 (maximum $ 2,795.00), unless you are completing this chart to calculate the amount at line 5848.
Line 5848 - Disability amount transferred from a dependant
Complete this calculation for each dependant.
Base amount1
If the dependant was under 18 years of age on December 31, 2020, enter the amount from line 5 of the chart for line 5844 for the dependant. If the dependant was 18 years of age or older, enter "0"+2
Add lines 1 and 2.=3
Total of amounts your dependant can claim on lines 1 to 14 of his or her Form NL428+4
Add lines 3 and 4.=5
Dependant's taxable income (line 260 of his or her return)-6
Allowable amount for this dependant: line 5 minus line 6 (if negative, enter "0") Enter on line 5848 of Form NL428 the amount from line 3 or line 7, whichever is less.=7
Enter on line 5848 of Form NL428 the total amount claimed for all disabled dependants.
If at the end of the year you and your dependant were not residents of the same province or territory, special rules may apply. Contact the Canada Revenue Agency to determine the amount you can claim.
Line 5872 - Allowable amount of medical expenses for other dependants
Complete this calculation for each dependant.
Medical expenses for other dependant1
Enter $ 1,917.00 or 3% of the dependant's net income (line 236 of his or her return), whichever is less.-2
Line 1 minus line 2 (if negative, enter "0")=3
Enter on line 5872 of Form NL428 the total amount claimed for all dependants.
Line 6152 - Newfoundland and Labrador dividend tax credit
Calculate the amount to enter on line 6152 of Form NL428 by completing one of the following two calculation:
If you entered an amount on line 120 but no amount on line 180 of your return, complete the following:
Line 120 of your returnx 0% =
Enter this amount on line 6152 of Form NL428.
If you entered amounts on lines 180 and 120 of your return, complete the following:
Line 120 of your return1
Line 180 of your return2x 3.1%=3
Line 1 minus line 24x 0%=5
Add lines 3 and 5.6
Enter this amount on line 6152 of Form NL428.
Line 53 and 55 - Newfoundland and Labrador political contribution tax credit
If your total political contributions (line 52 or 54 of Form NL428) were more than $ 0.00, enter $ 500.00 on line 53 or 55 (as applicable).
Otherwise enter either the amount on line 52 or 54 where appropriate:
Line 52 or 54 is $ 100.00 or lessLine 52 or 54 is more than $ 100.00 but not more than $ 550.00Line 52 or 54 is more than $ 550.00
Total Contributions1
---2
Line 1 minus line 2 (cannot be negative)===3
x%x%x%4
Multiply line 3 by line 4 (%)===5
+++6
Add lines 5 and 6.===7
Enter this amount on line 56 of Form NL428.
Step 1 - Newfoundland and Labrador non-refundable tax credits
Basic personal amountclaim $ 8,802.0058041
Age amount (if born in 1950 or earlier) (use the Provincial Worksheet)(maximum $ 5,619.00)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")= 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")= 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+•9
Adoption Expenses5833+10
Pension income amount(maximum $ 1,000.00)5836+11
Caregiver amount (use Provincial Worksheet)5840+12
Disability amount (for self) (Claim $ 5,915.00, 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 NL(S11)]5856+16
Tuition and education amounts transferred from a child5860+17
Amounts transferred from your spouse or common-law partner [use and attach Schedule NL(S2)]5864+18
Medical expenses:
Amount from line 330 of your federal Schedule 1586819
$ 1,917.00 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
Newfoundland and Labrador non-refundable tax credit rate (%)x25
Multiply line 24 by line 25.5884=26
Donations and gifts:
Amount from line 345 of your federal Schedule 9x 0% =27
Amount from line 347 of your federal Schedule 9x 15.3% =+28
Add lines 27 and 28.5896=+29
Add lines 26 and 29. Enter this amount on line 42.Newfoundland and Labrador non-refundable tax credits6150=30
Step 2 - Newfoundland and Labrador tax on taxable income
Your taxable income from line 260 of your return. 31
Line 31 is $ 35,148.00 or lessLine 31 is more than $ 35,148.00 but not more than $ 125,500.00Line 31 is more than $ 125,500.00 but not more than $ 125,500.00Line 31 is more than $ 125,500.00 but not more than $ 175,700.00Line 31 is more than $ 175,700.00
The amount from line 3132
-----33
Line 32 minus line 33 (cannot be negative)=====34
x%x%x%x%x%35
Multiply line 34 by line 35=====36
+++++37
Newfoundland and Labrador tax on taxable income=====38
Step 3 - Newfoundland and Labrador tax
Enter your Newfoundland and Labrador tax on taxable income from line 38.39
Enter your Newfoundland and Labrador tax on split income from Form T1206.6151+•40
Add lines 39 and 40.=41
Enter your Newfoundland and Labrador non-refundable tax credits from line 30.42
Newfoundland and Labrador dividend tax credit: Credit calculated for line 6152 on the Provincial Worksheet6152+•43
Newfoundland and Labrador overseas employment tax credit: Amount from line 426 of your federal Schedule 1x 51.3 % =6153+•44
Newfoundland and Labrador minimum tax carryover: Amount from line 427 of your federal Schedule 1x 51.3 % =6154+•45
Add lines 42 to 45.=-46
Line 41 minus line 46 (if negative enter "0")=47
Newfoundland and Labrador additional tax for minimum tax purposes: Form T691: line 108 minus line 111x 51.3 % = +48
Add lines 47 and 48=49
Enter the provincial foreign tax credit from Form T2036.-50
Line 49 minus line 50 (if negative enter "0")=51
Political contribution tax credit
Enter Newfoundland and Labrador political contributions made in 2020 from your official receipt called Annual Contribution.600352
Credit calculated for line 53 on the Provincial Worksheet(maximum $ 500.00)-53
Enter Newfoundland and Labrador political contributions made in 2020 from your official receipt called Senatorial Selection Campaign Contribution.600454
Credit calculated for line 55 on the Provincial Worksheet(maximum $ 500.00)-55
Add lines 53 and 55.+-56
Line 51 minus line 56 (if negative, enter "0"). Enter the result on line 428 of your return.Newfoundland and Labrador tax=57
Your Circumstances
Your Spouse
Your Children
Enter the figures from your Information slips (T4, T4a and other slips)
T3Statement of Trust Income Allocations and Designations
T4Statement of Remuneration Paid
T4AStatement of Pension, Retirement, Annuity, and Other Income
T4A(OAS)Statement of Old Age Security
T4A(P)Statement of Canada Pension Plan Benefits
T4EStatement of Employment Insurance and Other Benefits
T4RIFStatement of income from a Registered Retirement Income Fund
T4RSPStatement of RRSP Income
T5Statement of Investment Income
T5007Statement of Benefits
T5008Statement of Securities Transactions
RC62Universal child care benefit statement
RC210Working Income Tax Benefit advance payments statement
T4 [Statement of Remuneration Paid]
Box 14
Box 16
Box 17
Box 18
Box 20
Box 22
Box 24
Box 26
Box 42
Box 44
Box 46
Box 52
Box 55
Box 56
T4A [Statement of Pension, Retirement, Annuity, and Other Income]
Box 016
Box 018
Box 020
Box 022
Box 024
Box 032
Box 034
Box 048
T4A(OAS) [Statement of Old Age Security]
Box 18
Box 20
Box 21
Box 23
Box 22
T4A(P) [Statement of Canada Pension Plan Benefits]
Box 20
Box 21
Box 22
Box 13
Box 14
Box 15
Box 16
Box 17
Box 18
Box 19
Box 23
T4E [Statement of Employment Insurance and Other Benefits]
Box 7
Box 14
Box 15
Box 17
Box 20
Box 21
Box 22
Box 23
Line 4
T4RIF [Statement of income from a Registered Retirement Income Fund]
Box 16
Box 18
Box 20
Box 22
Box 24
Box 26
Box 32
Box 28
Box 30
Box 35
Box 36
T4RSP [Statement of RRSP Income]
Box 16
Box 18
Box 20
Box 22
Box 24
Box 36
Box 25
Box 26
Box 27
Box 28
Box 30
Box 34
Box 35
Box 40
T5 [Statement of Investment Income]
Box 10
Box 11
Box 12
Box 13
Box 18
Box 24
Box 25
Box 26
Box 14
Box 15
Box 16
Box 17
Box 19
T5007 [Statement of Benefits]
Box 10
Box 11
T5008 [Statement of Securities Transactions]
Box 20
T3 [Statement of Trust Income Allocations and Designations]
Box 23
Box 49
Box 32
Box 50
Box 39
Box 51
Box 21
Box 30
Box 26
Box 22
Box 24
Box 25
Box 31
Box 33
Box 34
Box 35
Box 37
Box 38
Box 40
Box 41
Box 42
Box 45
Box 46
Box 47
Box 48
RC62 [Universal child care benefit statement]
Box 10
Box 12
RC210 [Working Income Tax Benefit advance payments statement]
Box 10
Income
Sc3
Sc4
150
236
235
260
Sc1
350
423
420
428
430
452
453
484
Step 1 - Calculating your working income and adjusted family net income
Do you have an eligible dependant?381
Do you have an eligible spouse?382
Part A - Working income
Complete columns 1 and 2 if you had an eligible spouse on December 31,2020. Otherwise, complete column 1 only.Column 1 - You Column 2 - Your eligible spouse
Employment income and other employment income reported on line 10133
and line 104 of the return383+4383+4
Total self-employment income reported on lines 135, 137, 139, 141, and 143 of the return ( Calculated as $ ).
Exclude any losses and income from a communal organization and enter the figure
+5+5
Tax-exempt part of working income earned on a reserve or an allowance received as an emergency volunteer385+6386+6
Add lines 3 to 6. Enter the amount even if the result is "0".=7387=7
Add the amounts from line 7 in columns 1 and 2.Working income8
Part B - Adjusted family net income
Net income amount from line 236 of the return=99
Tax-exempt part of all income earned or received on a reserve less the deductions related to that income, or an allowance received as an emergency volunteer388+10389+10
Total of universal child care benefit (UCCB) repayment (line 213 of the return) and registered disability savings plan (RDSP) income repayment (included on line 232 of the return)+11+11
Add lines 9, 10, and 11.=12=12
Total of UCCB (line 117 of the return) and RDSP income (line 125 of the return)=13-13
Line 12 minus line 13 (if negative, enter "0")=14390=14
Add the amounts from line 14 in columns 1 and 2.Adjusted family net income15
Check if you are you claiming the basic WITB?391If yes, complete Step 2 below.
Are you claiming the WITB disability supplement for yourself?392if yes, complete Step 3 below
Does your eligible spouse qualify for the disability amount for himself or herself?394If yes, he or she must complete steps 1 and 3 on a separate Schedule 6.
Step 2 - Calculating your basic WITB

Note: If you had an eligible spouse, only one of you can claim the basic WITB. However, the individual who received the WITB advance payments for2020 is the individual who must claim the basic WITB for the year. If you had an eligible dependant, only one individual can claim the basic WITB for that same eligible dependant.
Sub-TotalsCalculated
Amount from line 8 in Step 116
Base Amount-17
Line 16 minus line 17 (if negative, enter "0")=18
Ratex%19
Multiply line 18 by line 19.=20
21
Amount from line 20 or line 21, whichever is less22
Amount from line 15 in Step 123
Base amount: -24
Line 23 minus line 24 (if negative, enter "0")=25
Ratex%26
Multiply line 25 by line 26.-27
Line 22 minus line 27 (if negative, enter "0") Enter the amount from line 28 on line 453 of your return unless you complete Step 3.=28
Step 3 - Calculating your WITB disability supplement
If you had an eligible spouse, only one of you can claim the basic WITB. However, the individual who received the WITB advance payments for2020 is the individual who must claim the basic WITB for the year. If you had an eligible dependant, only one individual can claim the basic WITB for that same eligible dependant.
Sub-TotalsCalculated
Enter the amount from line 7 in column 1 of Step 1.29
Base Amount-30
Line 29 minus line 30 (if negative, enter "0")=31
Ratex%32
Multiply line 31 by line 32.=33
Amount from line 33 or $ 508.00, whichever is less34
Amount from line 15 in Step 135
Base amount: -36
Line 35 minus line 36 (if negative, enter "0")=37
Rate: x%38
Multiply line 37 by line 38.=-39
Line 34 minus line 39 (if negative, enter "0")=40
If you completed Step 2, enter the amount from line 28. Otherwise, enter "0".+41
Add lines 40 and 41. This amount will automatically be added to line 453 of your return.=42
Adjusted family net income levels
You had neither an eligible spouse nor an eligible dependantYou had an eligible spouse or an eligible dependant
Basic WITB. Adjusted family net income (line 15 in Step 1)less than $ 18,292.00less than $ 28,209.00
WITB disability supplement (you qualify for the disability amount) Adjusted family net income (line 15 in Step 1)less than $ 21,681.00less than $ 31,595.00
WITB disability supplement (you had an eligible spouse and both of you qualify for the disability amount) Adjusted family net income (line 15 in Step 1)less than $ 34,982.00
Line 452 - Refundable medical expense supplement
Read the conditions for line 452 in the guide to determine if you can claim this credit
Your net income from line 236 of your return 1
Net income of your spouse or common-law partner from page 1 of your return + 2
Add lines 1 and 2 = 3
Universal child care benefit (UCCB) (line 117 of your return) or the benefit of your spouse or common-law partner from page 1 of your return 4
Registered disability savings plan (RDSP) income (line 125 of your and your spouse's or common-law partner's returns) + 5
Add lines 4 and 5 = - 6
Line 3 minus line 6 = 7
UCCB repayment (line 213 of your return ) plus the UCCB repayment of your spouse or common-law partner from page 1 of your return 8
RDSP income repayment (included in the amount on line 232 of your and your spouse's or common-law partner's returns) + 9
Add lines 8 and 9 = + 10
Adjusted family net income: add lines 7 and 10. = 11
Base Amount - 12
Line 11 minus line 12 (if negative, enter "0") = 13
$ 1,172.00 or 25% of the total of line 215 (of your return) and line 332 (of Schedule 1), whichever is less. 14
Multiply the amount on line 13 by 5%. - 15
Line 14 minus line 15 (if negative, enter "0") Enter this amount on line 452 of your return. = 16
Schedule 13: Employment Insurance Premiums on Self-Employment and Other Eligible Earnings Calculator 2020
Net self-employment income
Enter the total amounts from line 122 and lines 135 to 143 of your return ( Calculated as $ ).
If you have self-employment income for which you received a T4 slip, with EI premiums shown in box 18, do not include any net income (or loss) you reported on lines 135 to 143 from that T4 slip (see note(a) below).
(if negative, enter "0")1
If you are employed by a corporation but not eligible to participate in the EI program as an employee because you control more than 40% of the voting shares of that corporation, enter the amount from box 14 of all your T4 slips ( Calculated as $ ) from that corporation unless note(b) below applies.5493+2
If you are a registered Indian, or person entitled to be registered under the Indian Act, and you earned tax-exempt, self-employment income on a reserve in Canada, enter your total tax-exempt self-employment income.5494+3
Add lines 1, 2, and 3=4
If your total EI premiums from box 18 and box 55 of all your T4 slips is $930.60 or more, you do not have to pay any premiums on your self-employment and other eligible earnings. Enter "0" on line 10 and attach a copy of this schedule to your return.
Maximum insurable earnings5
Total EI insurable earnings
Enter the total amount from box 24 of all your T4 slips ( Calculated as $ ).
If box 24 is blank, use the amount from box 14 ( Calculated as $ ), unless box 28 indicates that the T4 earnings are EI-exempt.
If you have employment income for which you did not get a T4 slip, also enter that amount.
5478-6
Line 5 minus line 6 (if negative, enter "0")=7
Enter the amount from line 4 or line 7, whichever is less.8
EI premium rate (%)x9
EI premiums payable on self-employment and other eligible earnings
Multiply line 8 by line 9.(maximum $930.60)=10
Enter the amount from line 10 on line 317 of your Schedule 1 and on line 430 of your return.
Schedule 1: Federal tax on taxable income calculator 2020
Calculated Federal Tax on Taxable income based online 260.Line 260 is $ 45,282.00 or lessLine 260 is more than $ 45,282.00 but not more than $ 90,563.00Line 260 is more than $ 90,563.00 but not more than $ 140,388.00Line 260 is more than $ 140,388.00 Line 260 is more than $ 200,000.00
Amount from line 260 37
---- - 38
Line 37 minus line 38 (cannot be negative)==== = 39
xxxxx 40
Multiply line 39 by line 40==== = 41
++++ + 42
Add lines 41 and 42==== = 43
Schedule 1-A: Step 1 â€" Federal tax before income sharing 2020
Column 1 - You Column 2 Eligible spouse or common-law partner
Enter the tax on taxable income from line 43 of Schedule 1. 1 1
Enter the total non-refundable tax credits from line 35 of Schedule 1. - 2 496 2
Line 1 minus line 2 (if negative, enter "0") = 3 = 3
Schedule 1-A: Chart 3 â€" Line 303 adjusted for the family caregiver amount (line 13 above)
Enter the spouse or common-law partner amount from line 303 of your or your spouse's or common-law partner's Schedule 1. 1
Family caregiver amount 2
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). 3
Base Amount - 4
Line 3 minus line 4 (if negative, enter "0") = ►= 5
Line 2 minus line 5 (if negative, enter "0") = ►- 6
Line 1 minus line 6 (if negative, enter "0") Enter this amount on line 13 in Step 2 = 7
Schedule 1-A: Step 2 â€" Adjusted federal tax after income sharing
Column 1 - You Column 2 Eligible spouse or common-law partner
Taxable income from line 260 of the return. 4 497 4
Enter the difference between the highest and lowest taxable income amounts that you reported at line 4. x50%= 5
Enter the amount from line 5 or $ 50,000.00, whichever is less, in the column with the higher income at line 4. Enter "0" in the other column. - 6 - 6
Lines 4 minus line 6 = 7 = 7
Enter the amount from line 5 or $ 50,000.00, whichever is less, in the column with the lower income at line 4. Enter "0" in the other column. + 8 + 8
Add lines 7 and 8. Adjusted taxable income = 9 = 9
Tax on adjusted taxable income (use charts 1 and 2 on the next page) 10 10
Enter the amount from line 2. - 11 - 11
Line 10 minus line 11 (if negative, show it in brackets) = 12 = 12
Spouse or common-law partner amount from line 303 of Schedule 1. (Note: If the claim on line 303 includes the family caregiver amount, use chart 3 on the next page to calculate the amount to enter on this line.) 13 498 13
Enter the amounts transferred from your spouse or common-law partner from line 326 of Schedule 1. If this amount includes a transfer of tuition, education, and textbook amounts on line 360 of Schedule 2, reduce the amount to be claimed on this line by the amount from line 326 or line 360, whichever is less. + 14 499 + 14
Add lines 13 and 14. = 15 = 15
Federal non-refundable tax credit rate (%) x 16 x 16
Multiply line 15 by line 16. Adjustment to non-refundable tax credits = 17 = 17
Enter the amount from line 12 (if negative, show it in brackets). 18 18
If the amount on line 18 is positive, add lines 17 and 18. If the amount on line 18 is in brackets (negative), subtract line 18 from line 17 (if the result is negative, enter "0"). Adjusted federal tax after income sharing = 19 = 19
Schedule 1-A: Step 3 â€" Family tax cut 2020
Add the amounts from line 3 in columns 1 and 2. Combined tax before income sharing 20 20
Add the amounts from line 19 in columns 1 and 2. Combined adjusted tax after income sharing - 21 - 21
Line 20 minus line 21 (if negative, enter "0") = 22 = 22
Enter the amount from line 22 or $ 2,000.00, whichever is less. Also enter this amount on line 423 of Schedule 1. Family Tax Cut 23 23
Schedule 1-A: Chart 1 â€" Tax calculation chart for you (column 1)
Your adjusted taxable income from line 9 above. 1
Calculated Federal Tax on Taxable income based online on line 1 above.Line 1 is $ 45,282.00 or lessLine 1 is more than $ 45,282.00 but not more than $ 90,563.00Line 1 is more than $ 90,563.00 but not more than $ 140,388.00Line 1 is more than $ 140,388.00 Line 1 is more than $ 200,000.00
Enter the amount from line 1. 2
- - - - 3
Line 2 minus line 3 (cannot be negative) = = = = 4
x x x x 5
Multiply line 4 by line 5. = = = = 6
+ + + + 7
Add lines 6 and 7. This amount is automatically added on line 10 above. = = = = 8
Schedule 1-A: Chart 2 â€" Tax calculation chart for eligible spouse or common-law partner (column 2)
Your spouse's or common-law partner's adjusted taxable income from line 9 above. 1
Calculated Federal Tax on Taxable income based online on line 1 above.Line 1 is $ 45,282.00 or lessLine 1 is more than $ 45,282.00 but not more than $ 90,563.00Line 1 is more than $ 90,563.00 but not more than $ 140,388.00Line 1 is more than $ 140,388.00 Line 1 is more than $ 200,000.00
Enter the amount from line 1. 2
- - - - 3
Line 2 minus line 3 (cannot be negative) = = = = 4
x x x x 5
Multiply line 4 by line 5. = = = = 6
+ + + + 7
Add lines 6 and 7. This amount is automatically added on line 10 above. = = = = 8
Schedule 1: Net federal tax calculator 2020
Federal tax on taxable income44
Federal tax on split income (from line 5 of Form T1206)424+•45
Add lines 44 and 45404=46
Enter your total federal non-refundable tax credits from line 35 in step 135047
Family tax cut (attach Schedule 1-A)423+•48
Federal dividend tax credit425+•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 Tax429=53
Federal foreign tax credit (attach Form T2209)405-54
Line 53 minus line 54 (if negative, enter "0")Federal Tax406=55
Total federal political contributions (attach receipts)40956
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 creditNet Cost413Allowable credit414+•59
Add lines 57, 58 and 59416=-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
Schedule 3: Capital Gains (or Losses) in 2020
(Report, in 3 below, publicly traded shares, mutual fund units, deferral of eligible small business corporation shares, and other shares.)
Note: If you have a business investment loss, see line 217 in the guide.
Key: (1) Year of Acquisition (2) Proceeds of disposition (3) Adjusted cost base (4) Outlays and expenses (from dispositions)
1. Qualified small business corporation shares
(1)(2)(3)(4)
Total106Gain (or loss)107
2. Qualified farm or fishing property
274A
+B
Total: line +B109Gain (or loss): line A + B110+
275C
+D
Total: line C + D123Gain (or loss): line C plus line D124+
3. Publicly traded shares, mutual fund units, deferral of eligible small business corporation shares, and other shares
Use to report capital gains (or losses) shown on T5, T5013, T4PS, and T3 information slips on line 174 or line 176.
Total131Gain (or loss)132
4. Real estate, depreciable property, and other properties
+
Total136Gain (or loss)138+
5. Bonds, debentures, promissory notes, and other similar properties
Total151Gain (or loss)153+
6. Other mortgage foreclosures and conditional sales repossessions
+
Total154Gain (or loss)155+
7. Personal-use property (full description)
+
Gain (or loss):158+
8. Listed personal property (LPP) (full description)
+
Note: You can apply LPP losses only against LPP gains. [Subtract: unapplied LPP losses from other years]-
Net gain only159+
Add lines 107, 110, 124, 132, 138, 153, 155, 158, and 159.Total of gains (or losses) of qualified properties and other properties=E
The amount from line E above.F
Capital gains deferral from qualifying dispositions of eligible small business corporation shares (included in number 3 above)161-G
F - G=H
Farming and fishing income eligible for the capital gains deduction from the disposition of eligible capital property made before April 21, 2020 (for details, see Form T657)276I
Farming and fishing income eligible for the capital gains deduction from the disposition of eligible capital property made after April 20, 2020 (for details, see Form T657)+J
Farming and fishing income eligible for the capital gains deduction from the disposition of eligible capital property for the year. [Line I plus line J]173=K
T5, T5013, and T4PS information slips â€" Capital gains (or losses) 174+L
T3 information slips â€" Capital gains (or losses) 176+M
Add lines H, L, and M =N
Capital loss from a reduction in your business investment loss 178-O
Total of all gains (or losses) before reserves: line N minus line O 191=P
Reserves from line 6706 of Form T2017 (if negative, show it in brackets and subtract it) 192+Q
Total capital gains (or losses): line P plus line Q 197=R
Multiply the amount on line 197 by 50%. Enter the taxable capital gains on line 127 of your return. If it is a net capital loss, see line 127 in the guide.Taxable capital gains (or net capital loss) in 2020199=

Extract from the General Income Tax and Benefit Guide:

Line 127 â€" Taxable capital gains

You may have a capital gain or loss when you dispose of property, such as when you sell real estate or shares (including those in mutual funds). Generally, if the total of your gains for the year is more than the total of your losses, you have to report 50% of the difference as income.

However, if the total of your losses for the year is more than the total of your gains, your losses for the year is more than the total of your gains, you cannot deduct the difference on your return for the year.

Line 235 - Social benefits repayment
Note: This worksheet is shown purely for your reference. All the fileds in this frm are populated from Slips and other areas of the tax return calculator. See specific lines for more information.
Old age security pension (box 18 of the T4A(OAS) slip) 1
Net federal supplements (box 21 of the T4A(OAS) slip) + 2
Add lines 1 and 2 = 3
Overpayment of old age security benefits recovered (box 20 of your T4A(OAS) slip) - 4
Line 3 minus line 4 (if negative, enter "0") 5
This is your net income before adjustments. [From line 234] 6
EI benefits repayment from line 4 of the chart on your T4E slip (if any) 7
Universal child care benefit (UCCB) (line 117 of your return) + 8
Registered disability savings plan (RDSP) income (line 125 of your return) + 9
Add lines 7, 8 and 9. = - 10
Line 6 minus line 10 = 11
UCCB repayment (line 213 of your return) 12
RDSP income repayment + 13
Add lines 12 and 13 = + 14
Add lines 11 and 14 = 15
Base amount - 16
Line 15 minus line 16 (if negative, enter "0") = 17
Multiply the amount on line 17 by 15% = 18
Enter the amount from line 5 or line 18, whichever is less 19
Enter the amount from line 7 above (if any) + 20
Add lines 19 and 20. Enter this amount on lines 235 and 422 of your return = 21
Statement of Investment Income
I â€" Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations
Taxable amount of dividends other than eligible dividends (specify):1
+2
+3
Add lines 1 to 3, and enter this amount on line 180 of your return.180=4
Taxable amount of eligible dividends (specify):+5
+6
+7
Add lines 4 to 7, and enter this amount on line 120 of your return.120=
II â€" Interest and other investment income
Specify:
+
Income from foreign sources (specify):+
This amount will automatically be added to line 121 of your return.121=
III â€" Carrying charges and interest expenses
Carrying charges (specify):
Interest expenses (specify):+
This amount will automatically be added to line 221 of your return.221=
Total Income
Employment income (Complete box 14 of T4 slip on Slips tab) 101
Commissions included on line 101 (box 42 of all T4 slips) 102
Wage loss replacement contributions (see line 101 in the guide) 103
Other employment income 104 +
Old age security pension (box 18 of the T4A(OAS) slip) 113 +
CPP or QPP benefits (box 20 of the T4A(P) slip) 114 +
Disability benefits included on line 114 (box 16 of the T4A(P) slip) 152
Other pensions and superannuation 115 +
Elected split-pension amount (attach Form T1032) 116 +
Universal child care benefit (UCCB) 117 +
UCCB amount designated to a dependant 185
Employment insurance and other benefits (box 14 of the T4E slip) 119 +
Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations (attach Schedule 4) [ Use Schedule 4 calculator ] 120 +
Taxable amount of dividends other than eligible dividends, included on line 120, from taxable Canadian corporations [ Use Schedule 4 calculator ] 180
Interest and other investment income (attach Schedule 4) [ Use Schedule 4 calculator ] 121 +
Net partnership income: limited or non-active partners only 122 +
Registered disability savings plan income 125 +
Rental Income Gross 160 Net 126 +
Taxable capital gains (use Schedule 3 Calculator) 127 +
Support payments received Total 156 Taxable amount 128 +
RRSP income (from all T4RSP slips) 129 +
Other Income Specify: 130 +
Self-employment income
Business Income Gross 162 Net 135 +
Professional Income Gross 164 Net 137 +
Commission Income Gross 166 Net 139 +
Farming Income Gross 168 Net 141 +
Fishing Income Gross 170 Net 143 +
Workers' compensation benefits (box 10 of the T5007 slip) 144
Social assistance payments 145 +
Net federal supplements (box 21 of 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 =
Net Income
Enter your total income from line 150. 150
Pension adjustment(box 52 of all T4 slips and box 034 of all T4A slips) 206
Registered pension plan deduction (box 20 of all T4 slips and box 032 of all T4A slips) 207
RRSP/pooled registered pension plan (PRPP) deduction (see the Pension tab to calculator line 208 [ Schedule 7 ]. Attach receipts to your return) 208 +
PRPP employer contributions (amount from your PRPP contribution receipts - Enter figures in Schedule 7 (line 208 Calculator) under the Pension tab) 205
Deduction for elected split-pension amount (attach Form T1032) 210 +
Annual union, professional, or like dues (box 44 of all T4 slips, and receipts) 212 +
Universal child care benefit repayment (box 12 of all RC62 slips) 213 +
Child care expenses (attach Form T778) 214 +
Disability supports deduction 215 +
Business investment loss Gross 228 Allowable Deduction 217 +
Moving Expenses 219 +
Support Payments Made Total 230 Allowable Deduction 220 +
Carrying charges and interest expenses (attach Schedule 4). [ Use Schedule 4 calculator ] 221 +
Deduction for CPP or QPP contributions on self-employment and other earnings(attach Schedule 8 or Form RC381, whichever applies) [Use Line 308 Calculator in Pension Tab] 222 + .
Exploration and development expenses (attach Form T1229) 224 +
Other employment expenses 229 +
Clergy residence deduction 231 +
Other Deductions Specify: 232 +
Add lines 207, 208, 210 to 224, 229, 231, and 232. 233 = -
Line 150 minus line 233 (if negative, enter "0") This is your net income before adjustments. 234 -
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 - o
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 =
Taxable Income
244+
248+
249+
250+
251+
252+
253+
254+
255+
256+
257=-
260=260=
Refund or balance owing
Net federal tax: enter the amount from line 64 of Schedule 1 (attach Schedule 1, even if the result is "0")420
CPP contributions payable on self-employment and other earnings (attach Schedule 8 or Form RC381, whichever applies) [Use Line 308 Calculator in Pension Tab]421+
Employment insurance premiums payable on self-employment and other eligible earnings (attach Schedule 13)430+
Social benefits repayment (amount from line 235)422+
Provincial or territorial tax (attach Form 428, even if the result is "0")428+
Add lines 420, 421, 430, 422, and 428.This is your total payable435=o
Total income tax deducted437o
Refundable Quebec abatement440+o
CPP overpayment (enter your excess contributions)448+o
Employment insurance overpayment (enter your excess contributions)450+o
Refundable medical expense supplement (use the federal worksheet)452+o
Working income tax benefit (WITB) (attach Schedule 6)453+o
Refund of investment tax credit (attach Form T2038(IND))454+o
Part XII.2 trust tax credit (box 38 of all T3 slips)456+o
Employee and partner GST/HST rebate (attach Form GST370)457+o
Children's Fitness Tax CreditEligible Fees458x 15% =459+o
Tax paid by instalments476+o
Provincial or territorial credits (attach Form 479 if it applies)479+o
Add lines 437 to 479.These are your total credits.482=-
Line 435 minus line 482This is your refund or balance owing.=
If the result is negative, you have a refund. If the result is positive, you have a balance owing.
or
Donations
349
Line 349 Tax Calculator - Donations and gifts
DetailsRef.AmountsRef.AmountsNo.
Donations made to registered charities, registered Canadian amateur athletic associations, and registered Canadian low-cost housing corporations for the aged1
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) 329+2
Donations made to registered universities outside Canada that are prescribed333+3
Donations made to the United Nations, its agencies, and certain registered foreign charitable organizations334+4
Add lines 1 to 4=5
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.
Gifts of depreciable property (from Chart 2 in Pamphlet P113, Gifts and Income Tax)3377
Gifts of capital property (from Chart 1 in Pamphlet P113, Gifts and Income Tax)3398
Add lines 7 and 8=x 25% =9
Enter the total of lines 6 and 9 or the amount on line 236 of your return, whichever is less.Total Donations Limit10
Allowable charitable donations (enter the amount from line 5 or line 10, whichever is less)340
Eligible amount of cultural and ecological gifts (see line 349 in the guide)342+
Add lines 340 and 342.344=
Enter $ 200.00 or the amount from line 344, whichever is less.345-x 15% =346+11
Line 344 minus line 345347=x 29% =348+12
First-time donor's super credit (FDSC)
For the purpose of the FDSC, you will be considered a "first-time donor" if neither you nor your spouse or common-law partner 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 $ 1,000.00, 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 $ 1,000.00.
Enter the amount of gifts of money* made after March 20, 2013.(Maximum $ 1,000.00)343=x 25% =341+13
Add lines 11, 12, and 13. This amount will automatically be added to line 349 of Schedule 1.Donations and Gifts=14
* The amount claimed on line 343 must also be claimed on line 340 by you or your spouse or common-law partner. Also note that if the donations are shared, the combined amount on line 343 for you and your spouse or common-law partner cannot exceed the combined amount claimed on line 340 by both of you.
Education
319
323
324
Tuition, Education, and Textbook Amounts
Tuition, education, and textbook amounts claimed by the student for 2020
Unused federal tuition, education, and textbook amounts from your 2014 notice of assessment or notice of reassessment1
Eligible tuition fees paid for 20203202
Education and textbook amounts for 2020
Part-time student: use column B of forms T2202A, TL11A, TL11B, and TL11C. (Do not include any month that is also included in column C.)
Education amount: Number of months from column Bx $ 120.00 =3
Textbook amount: Number of months from column Bx $ 20.00 =+4
Add lines 3 and 4=321+5
Full-time student: use column C of forms T2202A, TL11A, TL11B, and TL11C. Only one claim per month (maximum 12 months)
Education amount: Number of months from column Cx $ 400.00 =6
Textbook amount: Number of months from column Cx $ 65.00 =+7
Add lines 6 and 7=322+8
Add Lines 2,5 and 8Total 2020 tuition, education, and textbook amounts==9
Add Lines 1 and 9Total available tuition, education, and textbook amounts=10
Enter the amount of your taxable income from line 260 of your return if it is $ 45,282.00 or less. If your taxable income is more than $ 45,282.00, enter instead the result of the following calculation: amount from line 44 of your Schedule 1 divided by 15%.11
Total of lines 1 to 21 of your Schedule 1-12
Line 11 minus line 12 (if negative, enter "0")=13
Unused tuition, education, and textbook amounts claimed for 2020. Amount from line 1 or line 13, whichever is less-14
Line 13 minus line 14=15
2020 tuition, education, and textbook amounts claimed for 2020. Amount from line 9 or line 15, whichever is less=16
Add lines 14 and 16. This amount will automatically be added to line 323 of Schedule 1.=17
Transfer or carryforward of unused amount
Amount from line 1018
Amount from line 17-19
Line 18 minus line 19Total unused amount=20
If you are transferring an amount to another individual, continue on line 21. Otherwise, enter the amount from line 20 on line 25.
Enter the amount from line 9(maximum $5,000)21
Enter the amount from line 16-22
Line 21 minus line 22 (if negative, enter "0")Maximum transferable=23
You can transfer all or part of the amount on line 23 to your spouse or common-law partner, to his or her parent or grandparent, or to your parent or grandparent. To do this, you have to designate the individual and specify the federal amount that you are transferring to him or her on your Form T2202A, TL11A, TL11B, or TL11C. Enter the amount on line 24 below.
Note: If your spouse or common-law partner is claiming an amount for you on line 303 or line 326 of his orher Schedule 1, you cannot transfer an amount to your parent or grandparent or to your spouse's or common-law partner's parent or grandparent.
Enter the amount you are transferring (cannot be more than line 23).Federal amount transferred327-24
Line 20 minus line 24Unused federal amount available to carry forward to a future year=25
The person claiming the transfer should not attach this schedule to his or her return.
Family (Spouse/Dependant)
303
305
313
315
326
352
367 x $ 2,121.00 [FCA] =
306
Line 303 â€" Spouse or common-law partner amount
I am entitled to the caregiver amount
Line 303 â€" Spouse or common-law partner amount
Did your marital status change to other than married or common-law in 2020?MonthDay
If yes, tick this box5522and enter the date of the change.
Base Amount1
If you are entitled to the family caregiver amount, enter $ 2,121.00 (see page 43 in the guide).5109+2
Add Lines 1 and 2=3
Spouse's or common-law partner's net income from page 1 of your return-4
Line 3 minus line 4 (if negative, enter "0") This amount will automatically be added to line 303 of your Schedule 1.=5
Line 305 â€" Amount for an eligible dependant
Line 305 â€" Amount for an eligible dependant
Did your marital status change to married or common-law in 2020?MonthDay
If yes, tick this box5529and enter the date of the change.
Base Amount1
If you are entitled to the family caregiver amount, enter $ 2,121.00 (see page 43 in the guide and read the note below).5110+2
Add Lines 1 and 2=3
Dependant's net income (line 236 of his or her return)5106-4
Line 3 minus line 4 (if negative, enter "0") This amount will automatically be added to line 305 of your Schedule 1.=5
under 18 years of age, you must claim the family caregiver amount on line 367, and not on this line. Note: If you are entitled to the family caregiver amount for this dependant and he or she is a child
Line 306 â€" Amount for an infirm dependant aged 18 or older
Line 306 â€" Amount for an infirm dependant aged 18 or older
Base Amount1
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 $ 6,807.00)=3
Enter on line 306 of your Schedule 1 the total amount you are claiming for all dependants.
Line 315 â€" Caregiver amount
Line 315 â€" Caregiver amount
Base Amount1
If you are entitled to the family caregiver amount, enter $ 2,121.00 (see page 43 in the guide and complete box 5112 below).+2
Add Lines 1 and 2=3
Dependant's net income (line 236 of his or her return)-4
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 $6,701. If not, the maximum is $4,608.=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
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 $ 2,121.00 on line 2 for this calculation.5112
Federal Amounts Transferred from Your Spouse or Common-Law Partner
Age amount (if your spouse or common-law partner was 65 years of age or older in 2020):If his or her net income is $35,466 or less, enter $7,033.Otherwise, enter the amount from line 301 of his or her Schedule 1.3531
Family caregiver amount for children under 18 years of age: Enter the amount from line 367 of his or her Schedule 1.361+2
Pension income amount: Enter the amount from line 314 of his or her Schedule 1. (maximum $ 2,000.00355+3
Disability amount: Enter the amount from line 316 of his or her Schedule 1.357+4
Tuition, education, and textbook amounts: Enter the federal amount designated to you as shown on his or her Form T2202A, TL11A, TL11B, or TL11C.360+5
Add lines 1 to 5.=6
Spouse's or common-law partner's taxable income:Enter the amount from line 260 of his or her return if it is $ 45,282.00 or less. If his or her taxable income is more than $ 45,282.00, enter instead the result of the following calculation: amount from line 44 of his or her Schedule 1 divided by 15%. 7
Enter the total of lines 300, 308, 310, 312, 317, 362, 395, 363, 364, 370, 369, and 313 of his or her Schedule 1 plus line 17 of his or her Schedule 11.-8
His or her adjusted taxable income: Line 7 minus line 8 (if negative, enter "0")351=-9
Line 6 minus line 9 (if negative, enter "0") This amount will automatically be added to line 326 of your Schedule 1.Federal amounts transferred from your spouse or common-law partner=10
General
300
301
363
364
370
369
[32]
[36]
Line 301 Tax Calculator - Age amount
Maximum Amount 1
Your net income from line 236 of your return 2
Base Amount - 3
Line 2 minus line 3 (if negative, enter "0") = 4
Multiply the amount on line 4 by 15%. - 5
Line 1 minus line 5 (if negative, enter "0") This amount will automatically be added to line 301 of Schedule 1. = 6
Insurance Premiums
312 (maximum $ 955.00)
317
Medical Expenses
330
[27]
[28]
331
332
Pension
208
308
310
314 (Maximum $ 2,000.00)

Canada Pension Plan Contributions and Overpayment

Part A â€" Contributions
DescriptionRef=Amountch=AmountNo.
Unused RRSP/PRPP contributions: amount (B) of "Your 2020 RRSP/PRPP Deduction Limit Statement" shown on your latest notice of assessment, notice of reassessment, or T1028, Your RRSP/PRPP Information for 20201
Contributions* made to your or your spouse's or common-law partner's RRSP and your PRPP
Enter the RRSP and your PRPP contributions made from March 3, 2020, to December 31, 2020 (attach all your receipts).2
Enter the RRSP and your PRPP contributions made from January 1, 2021, to February 29, 2021 (attach all your receipts).+3
Add Lines 2 and 3245=+4
Add Lines 1 and 4Total RRSP/PRPP contributions=5
* Include your transfers and contributions that you are designating as a repayment under the HBP or the LLP. See line 208 in the guide for the list of contributions to exclude.
Part B - Repayments under the HBP and the LLP
Specify the contributions made from January 1, 2020, to February 29, 2021, that you are designating as your repayments under the HBP and the LLP for 2020.
Do not include:
any amount you deducted or designated as a repayment on your 2014 return or that was refunded to you; or
any contributions or transfers that you will be including on line 13 or line 14 in Part C on the next page.
Repayment under the HBP2466
Repayment under the LLP262+7
Add Lines 6 and 7-8
Part C â€" RRSP/PRPP deduction
Line 5 minus Line 8RRSP/PRPP contributions available to deduct9
RRSP/PRPP deduction limit for 2020: amount (A) of "Your 2020 RRSP/PRPP Deduction Limit Statement" on your latest notice of assessment, notice of reassessment, or T1028, Your RRSP/PRPP Information for 202010
Enter your 2020 employer PRPP contributions. (this will autopopulate line 205)-11
Line 10 minus Line 11=12
RRSP/PRPP contributions you are deducting for 2020 (this amount cannot exceed the amount on line 9, excluding transfers, or the amount on line 12, whichever is less)13
Transfers (see "Line 14 â€" Transfers" at line 208 in the guide)240+14
Add Lines 13 and 14=15
Enter the amount from line 9 or line 15, whichever is less. Also enter this amount on line 208 of your return.RRSP/PRPP deduction208-16
Part D â€" RRSP/PRPP unused contributions available to carry forward
Line 9 minus Line 16Your unused RRSP/PRPP contributions available to carry forward to a future year=17
We will show the amount on line 17 as amount (B) of "Your 2021 RRSP/PRPP Deduction Limit Statement" on your 2020 notice of assessment.
Part 1 - Election to stop contributing to the Canada Pension Plan or revocation of a prior election
If you were at least 65 years of age but under 70, you can elect to stop paying CPP contributions.
I elect to stop contributing to the Canada Pension Plan on my self-employment earnings on 372 the first day of the month that I entered in box 372.372Month
I want to revoke an election made in a prior year to stop contributing to the Canada Pension Plan on my self-employment earnings and resume contributing on the first day of the month that I entered in box 374.374Month
Part 2 - Determine the number of months for the CPP calculation
Part 2 - Determine the number of months for the CPP calculation
Select the relevant comment from the list below:
None of the statements below is relevant to me
I turned 18 years of age in 2020
I was receiving a CPP or QPP disability pension for all of 2020
I received CPP or QPP disability pension for part of 2020
I am entering details for someone who died in 2020
The following statements are relevant if you were 65 to 70 years of age in 2020:
I was receiving a CPP or QPP Retirement pension and I elected to stop paying CPP contributions in 2020
I had self-employment income in 2020 and have an entry in box 372
I was receiving a CPP/QPP retirement pension and had elected to stop paying CCP contributions in a previous year, but revoked that election in 2020
I had self-employment income in 2020 and have an entry in box 374
I turned 70 years of age in 2020 and did not elect to stop paying CPP contributions
I was 70 years old or older for all of 2020
The number of months resulting from your selection =
Part 3 - Calculating your CPP contributions and overpayment on employment income
Part 3 - Calculating your CPP contributions and overpayment on employment income
DetailsCommentsRefAmounts.No.
Enter your yearly maximum CPP pensionable earnings(maximum $ 54,900.00)1
Total CPP pensionable earnings. The total of box 26 of all your T4 slips (maximum $ 54,900.00 per slip). If box 26 is blank, we will use box 14.55492
The amount from line 1 or the amount from line 2, whichever is less.(maximum $ 54,900.00)3
Enter your maximum basic CPP exemption(maximum $ 5,500.00)*-4
Earnings subject to CPP contributions: Line 3 minus line 4 (if negative, enter "0")(maximum $ 49,400.00)=5
Actual CPP contributions: Enter the total CPP contributions deducted from box 16 of all your T4 slips.5034o6
Required contributions on CPP pensionable earnings: Multiply the amount from line 5 by 4.95%.(maximum $ 2,445.30)-7
Line 6 minus line 7 (if negative, enter "0")CPP overpayment=8
If you are self-employed and/or you are electing to pay additional CPP contributions on other earnings, enter the amount from line 6 on line 308 of your Schedule 1 and, if applicable, on line 5824 of Form 428. Then continue with Part 5.
Otherwise, enter the amount from line 6 or line 7, whichever is less, on line 308 of your Schedule 1 and, if applicable, on line 5824 of Form 428. If the amount from line 8 is positive, enter it on line 448 of your return. If the amount from line 8 is negative, you may be able to make additional CPP contributions; see "Making additional CPP contributions" on page 46 of the General Income Tax and Benefit Guide.
* If you started receiving CPP retirement benefits in 2020, your basic exemption may be prorated by the CRA.
Part 4 - CPP contributions on self-employment and other earnings ONLY (no employment income)
Part 4 - CPP contributions on self-employment and other earnings ONLY (no employment income)
DetailsCommentsRefAmounts.No.
Pensionable net self-employment earnings* (the amounts from line 122 and lines 135 to 143 of your return)1
Employment earnings not shown on a T4 slip on which you elect to pay additional CPP contributions (attach Form CPT20)373+2
Add lines 1 and 2 (if negative enter "0").CPP pensionable earnings (maximum $ 54,900.00)*=3
Basic Exemption:(maximum $ 5,500.00)*-4
Line 3 minus line 4:(maximum $ 49,400.00)=5
CPP rate x%6
CPP contributions payable on self-employment and other earnings: Multiply line 5 by line 6. This amount will automatically be added to line 421 of your return.=7
Deduction and tax credit for CPP contributions on self-employment and other earnings: Multiply the amount from line 7 by 50%.8
Enter the amount from line 8 on line 222 of your return and on line 310 of Schedule 1.
* Self-employment earnings, CPP pensionable earnings, and the basic exemption should be prorated according to the number of months entered in box A of Part 2 (do not prorate the self-employment earnings if the individual died in 2020).
Part 5 - CPP contributions on self-employment and other earnings when you have employment income
Part 5 - CPP contributions on self-employment and other earnings when you have employment income
Pensionable net self-employment earnings* (the amounts from line 122 and lines 135 to 143 of your return)1
Employment earnings not shown on a T4 slip on which you elect to pay additional CPP contributions (attach Form CPT20)373+2
Employment earnings shown on a T4 slip on which you elect to pay additional CPP contributions, line 12 of Form CPT20 (attach Form CPT20)399+3
Add lines 1, 2, and 3.=4
Enter the amount from line 6 of Part 3.Actual CPP contributions5
If the amount on line 8 of Part 3 is positive, complete lines 6 to 8. Otherwise, enter "0" on line 8 and continue on line 9.
Enter the amount from line 5 above.6
Enter the amount from line 7 of Part 3.-7
Line 6 minus line 7 (if negative, enter "0")=-8
Line 5 minus line 8 (if negative, enter "0")=9
Multiply the amount from line 9 by 20.202.10
Enter the amount from line 1 of Part 3.CPP pensionable earnings (maximum $ 54,900.00)11
Enter the amount from line 4 of Part 3.Basic exemption (maximum $ 5,500.00)-12
Line 11 minus line 12 (if negative, enter "0")(maximum $ 49,400.00)=13
Enter the amount from line 10.-14
Line 13 minus line 14 (if negative, enter "0")=15
Enter the amount from line 4 or line 15, whichever is less.16
If the amount on line 2 of Part 3 is less than the amount on line 4 of Part 3, complete lines 17 to 19. Otherwise, enter "0" on line 19 and continue on line 20.
Line 4 of Part 3 minus line 2 of Part 317
Line 4 minus line 13 (if negative, enter "0")-18
Line 17 minus line 18 (if negative, enter "0")=-19
Earnings subject to contributions: line 16 minus line 19 (if negative, enter "0")=20
Multiply the amount from line 20 by 9.9%.21
Multiply the amount from line 8 of Part 3 (if positive only) by 2.-22
CPP contributions payable on self-employment and other earnings: Line 21 minus line 22 (if negative, enter "0"). This amount will automatically be added to line 421 of your return. **23
Deduction and tax credit for CPP contributions on self-employment and other earnings: Multiply the amount from line 23 by 50%.24
Enter the amount from line 24 on line 222 of your return and on line 310 of Schedule 1.
* Self-employment earnings should be prorated according to the number of months entered in box A of Part 2 (do not prorate the self-employment earnings if the individual died in 2020).
** If the result on line 23 is negative, you may have an overpayment. If so, we will calculate it for you
Line 314 Tax Calculator - Pension income amount
Amount from line 115 of your return 1
Foreign pension income. Enter or less (the total amount from Lines 115 and 256) 2
Income from a U.S. individual retirement account (IRA) included on line 115 + 3
Amounts from a RRIF or a PRPP included on line 115 and transferred to an RRSP, a RRIF, a PRPP, or an annuity + 4
Add lines 2, 3 and 4 = - 5
Line 1 minus line 5 = 6
+ 7
Add lines 6 and 7 = A
Enter on line 314 of Schedule 1 $ 1.00 or the amount on line A, whichever is less.However, if you and your spouse or common-law partner are electing to split your eligible pension income, enter the amount from line A on line A of Form T1032, Joint Election to Split Pension Income. Follow the instructions at Step 4 of Form T1032 to calculate the pension income amount to enter on line 314 of your and your spouse's or common-law partner's Schedule 1.
Political Contribution
409Total federal political contributions (attach receipts)
410 Federal political contribution tax credit (Automatically Calculated - see federal worksheet) Maximum $ 650.00
Line 410 Tax Calculator - Federal political contribution tax credit
If your total federal political contributions (line 409 of your Schedule 1) were $ 1,275.00 or more, enter $ 650.00 on line 410 of your Schedule 1.
Otherwise, complete the appropriate column below depending on the amount on line 409
The amount on line 409 (columns will auto-complete)
Line 409 is $ 400.00 or less Line 409 is more than $ 400.00 but not more than $ 750.00 Line 409 is more than $ 750.00
Enter your total contributions 1
Line 1 minus line 2 (cannot be negative) - - - 2
= = = 3
Multiply line 3 by line 4. x % x % x % 4
= = = 5
Add lines 5 and 6. This amount will automatically be added to line 410 of your Schedule 1. + + + 6
= = = 7
Tax/Tax Credit
424 Federal tax on split income (from line 5 of Form T1206)
425 Federal dividend tax credit
426 Overseas employment tax credit (attach Form T626)
427 Minimum tax carryover (attach Form T691)
405 Federal foreign tax credit (attach Form T2209)
412 Investment tax credit (attach Form T2038(IND))
413 Labour-sponsored funds tax credit Net cost
414 Allowable Credit
415 Working income tax benefit advance payments received (box 10 of the RC210 slip)
418 Special taxes (see line 418 in the guide
Voluntary Work
362
395
disability
316
318
Line 316 Calculator - Disability amount (for self)
(supplement calculation if you were under 18 years of age on December 31, 2020)
Maximum supplement 1
Total of child care and attendant care expenses for you, claimed by you or by another person 2
Base amount 3
Line 2 minus line 3 (if negative, enter "0") = - 4
Line 1 minus line 4 (if negative, enter "0") = 5
Enter on line 316 of Schedule 1 $ 8,001.00 plus the amount from line 5 (maximum $ 12,506.00), unless you are completing this chart to calculate the amount at line 318
Line 318 Calculator - Disability amount transferred from a dependant
Base Amount 1
If the dependant was under 18 years of age on December 31, 2020, enter the amount from line 5 of his or her chart for line 316. Otherwise, enter "0". + 2
Add lines 1 and 2 = 3
Total of amounts your dependant can claim on lines 1 to 19 of his or her Schedule 1 + 4
Add lines 3 and 4 = 5
Dependant's taxable income (line 260 of his or her return) - 6
Line 5 minus line 6 (if negative, enter "0") = 7
Enter on line 318 of Schedule 1 the amount from line 3 or line 7, whichever is less. If you are claiming this amount for more than one dependant, enter the total amount on line 318.

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Welcome to the Newfoundland and Labrador Tax Return Calculator

You are currently viewing a tax return estimation for an individual, employed in Newfoundland and Labrador, earning an annual income of $ 50,000.00. This is a generic tax return illustration but you can alter the setting to refine the tax return calculator and produce a tax estimate that is relevant to your personal family, employment and health status.

To calculate your tax return for an annual income of $ 50,000.00, simply follow the step by step tax return guide below. Please do get in touch if you have any feedback or suggestions on how we can improve the free tax return calculator for Newfoundland and Labrador. We depend on your support and feedback to ensure e the tax tool remains relevant and supports your needs.

Quick Guide to Using the Newfoundland and Labrador Tax Return Calculator

  1. Select Province and enter your Annual salary. The Tax Calculator will automatically update your Tax Return Estimate
  2. Use advanced features for personal tax calculation, each advanced tax tab [You, slips, Province etc..] should be completed in order from left to right. The Tax Calculator will automatically update your Tax Return Estimate
    1. You: allows you to enter your family, work and physical status. These element affect how your entitlement to refundable and non-refundable tax credits are calculated.
    2. Slips: allows you to enter information directly from your T-Slips. The T-Slip section is where you will enter the majority of your finance information, this makes it easier for you to calculate your tax return as the calculator will automatically transpose the information from your T-Slips to the relevant Schedule for automated Tax Return calculation.
    3. Province: contains specific Provincial refundable and non-refundable tax credits and any specialised taxes which either replace or compliment standard Federal taxes
    4. Donations: allows you to calculate the tax relief on your annual donations
    5. Education: allows you to factor in your Educational costs and tax metrics
    6. General: allows you to calculate general tax metrics which don't fall within any other tax category
    7. Insurance: allows you to calculate self-employed related insurance tax relief
    8. Medical: allows you to factor in medically related tax relief
    9. Pension: allows you to calculate and maximise the tax relief on your retirement savings
    10. Political: allows you to deduct the relevant amount of tax relief for your political donations
    11. Tax: allows you to include tertiary taxes which attract tax deductions when filing your annual return
    12. Voluntary: allows for tax relief associated with specific voluntary activities
    13. Disability: allows you to factor in disability amounts for yourself, your spouse or/and your dependents
    14. Income: allows you to edit your income and calculate your final tax refund or balance owing
  3. Instant Federal and Province Tax Calculation (2025/26 Tax Year)
  4. The red keyboard icon adjacent an input indicates that a separate Tax line Calculator is available for you to use to calculate the right amount for your tax return. You can either type directly into the form field or click on the red keyboard to use the sub tax calculator to calculate the specific line for you.

Note that the Tax Return Calculator is provided free of charge as a tool for you to estimate your tax returns, whilst we aim for 100% accuracy we make no guarantee of the accuracy of this tool. Always consult a qualified accountant or tax specialist. If you spot an error or encounter a bug, please contact us, this tool is designed for you and others like you, your feedback helps support future developments and updates..