Total Income = line 150 of T1 includes 7 g! j) M( X, d* f Employment income line 101-104 ; @. \ a" k3 C) P" R6 _ Benefits line - 1097 Q3 k6 h! O2 H: e, W+ N
Div+Interest Income line - 121 & ~% L9 U9 H+ Q" @0 |( Y6 C Company and others line - 149/ ?4 M* c1 }1 y1 h' N ~5 R+ Z. ?
5 y2 ^% U# V7 h1 S! T3 ^( g6 f
Taxable income = line 260 of T1 derived from 4 V+ b# O M* r( P+ F. qLine 150 minus RRSP and all other deduction + w- S: e' E1 x. p$ z" j5 f* _4 P9 a( [
After getting line 260 Taxable income, Calculate and you will get line 435 Tax Payable* g* s% Y" p6 ^/ O
& L( W. }5 X9 L% M! J/ g) M6 j VFollows by all the Tax Credit such as investment credit, CPP EI overpay etc....