Total Income = line 150 of T1 includes / h X1 D; q, u Employment income line 101-104 * b7 g" r3 W# S* ~- ~+ O9 [# B2 z Benefits line - 109 ( w5 `' l* t9 A" {, S Div+Interest Income line - 121 ! u% ?2 {! h) k) _( e4 h Company and others line - 1498 B2 E C( I" B3 ?% r6 F
# n. o I% V, v" C& E
Taxable income = line 260 of T1 derived from( C2 s" y' Z: i: g
Line 150 minus RRSP and all other deduction8 G% ]) X( \! Y! N' W/ Q
2 D. \1 u6 U) \0 h/ s. Y8 M" kAfter getting line 260 Taxable income, Calculate and you will get line 435 Tax Payable! Y" S' n8 Q2 r9 c3 m
" p0 J: ?8 M3 j; ~/ g6 f$ W9 r0 hFollows by all the Tax Credit such as investment credit, CPP EI overpay etc....