Federal worksheet(Page 1-4) - fill out and auto calculate/complete form online

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T1-2023

Federal Worksheet

Use this worksheet to calculate the amounts to enter on your return.

Keep this worksheet for your records. Do not attach it to your return.

Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations

Special rules apply for income from property (including shares) that one family member lends or transfers to another.
For more information, about loans and transfers of property, go to canada.ca/line-12000.

You may be able to claim a dividend tax credit for dividends you received from taxable Canadian corporations. See line 40425
of this worksheet.

Taxable amount of dividends (other than eligible)

Box 32 of all T3 slips

Box 25 of all T4PS slips

Box 11 of all T5 slips

Box 130 of all T5013 slips

Add lines 1 to 4. Enter this amount on line 12010 of your return.

Taxable amount of dividends (eligible and other than eligible)

Boxes 32 and 50 of all T3 slips

Boxes 25 and 31 of all T4PS slips

Boxes 11 and 25 of all T5 slips

Boxes 130 and 133 of all T5013 slips

Add lines 6 to 9. Enter this amount on line 12000 of your return.

Taxable amount of dividends if you did not receive an information slip

Actual amount of eligible dividends received

Applicable rate

x 138%

Line 11 multiplied by the percentage from line 12

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Actual amount of dividends other than eligible dividends received

Applicable rate

x 115%

Line 14 multiplied by the percentage from line 15

Include this amount on line 12010 of your return.

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Line 13 plus line 16. Include this amount on line 12000 of your return.

Line 12100 – Interest and other investment income

For more information, go to canada.ca/line-12100.

Box 25 of all T3 slips

Boxes 13, 14, 15, and 30 of all T5 slips

Boxes 128, 135, and 146 of all T5013 slips

Amounts credited to you that you did not receive (such as reinvestments)

Interest on any tax refund you received in 2023 as shown on your notice of assessment or reassessment

Income from foreign sources, including foreign dividends, in Canadian dollars

Interest or income earned from bank accounts, term deposits, guaranteed investment certificates (GICs),

and other similar investments, treasury bills or life insurance policies not reported on any information slip

Royalties not included on line 10400 or line 13500 of your return

Add lines 1 to 8.

Interest and other investment income, included on line 9, received and reported in previous years

–

Line 9 minus line 10. Enter this amount on line 12100 of your return.

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Line 22100 – Carrying charges, interest expenses, and other expenses

For more information, go to canada.ca/line-22100

Total carrying charges

Total interest expenses

Total other expenses

Add lines 1 to 3.

Enter this amount on line 22100 of your return.

Line 23500 – Social benefits repayment

Complete the chart below if one or more of the following applies:

• You entered an amount on line 11900 of your return and the amount on line 23400 is more than $76,875

• You entered an amount on line 11300 or line 14600 of your return and the amount on line 23400 is more than $86,912

Old age security (OAS) pension from line 11300 of your return

Net federal supplements paid from line 14600 of your return

Line 1 plus line 2

Overpayment of OAS benefits recovered (box 20 of your T4A(OAS) slip)

–

Line 3 minus line 4 (if negative, enter "0")

Net income before adjustments from line 23400 of your return

EI benefits repayment from line 4 of the repayment chart on your T4E slip, if any

Universal child care benefit (UCCB) from line 11700 of your return

Registered disability savings plan (RDSP) income from line 12500 of your return

Add lines 7 to 9.

►

–

Line 6 minus line 10

UCCB repayment from line 21300 of your return

RDSP income repayment (included in the amount on line 23200 of your return)

Line 12 plus line 13

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Line 11 plus line 14

Adjusted net income

OAS benefits base amount

–

Line 15 minus line 16 (if negative, enter "0")

Amount from line 17

x 15% =

Enter whichever is less: amount from line 5 or line 18.

Amount from line 7, if any

Line 19 plus line 20.

Enter this amount on line 23500 and line 42200 of your return.

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Line 25000 – Other payments deduction

Complete the following calculation if you reported net federal supplements on line 14600 of your return.

Amount from line 23400 of your return

Amount from line 11700 of your return

Amount from line 12500 of your return

Line 2 plus line 3

►

–

Line 1 minus line 4

Amount from line 21300 of your return

RDSP income repayment (included in the amount on line 23200 of your return)

Line 6 plus line 7

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Line 5 plus line 8

If the amount on line 9 is more than $86,912, contact the CRA to find out how much you can deduct. Otherwise, enter the
amount from line 14700 of your return on line 25000 of your return.

Line 30000 – Basic personal amount

If the amount from line 23600 of your return is:

• $165,430 or less, enter $15,000 on line 30000 of your return

• $235,675 or more, enter $13,520 on line 30000 of your return

Otherwise, complete the calculation below.

Base amount

Supplement amount

Amount from line 23600 of your return

Income threshold

–

Line 3 minus line 4

Line 5 divided by line 6

Line 7 multiplied by line 8

►

–

Line 2 minus line 9 (if negative, enter "0")

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Line 1 plus line 10

Enter this amount on line 30000 of your return.

(maximum $15,000)

Line 30100 – Age amount

If the amount from line 23600 of your return is:

• $42,335 or less, enter $8,396 on line 30100 of your return

• $98,309 or more, enter "0" on line 30100 of your return

Otherwise, complete the calculation below.

Maximum amount

Amount from line 23600 of your return

Income threshold

–

Line 2 minus line 3 (if negative, enter "0")

Applicable rate

x 15%

Line 4 multiplied by the percentage from line 5

►

–

Line 1 minus line 6 (if negative, enter "0")

Enter this amount on line 30100 of your return.

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Line 31285 – Home accessibility expenses

Complete this chart to calculate your eligible home accessibility expenses. For more information, go to canada.ca/line-31285.

Date of

Supplier or contractor

Amount paid

sales slip

GST/HST No.

Description

(including all

or contract

Name

(if applicable)

applicable taxes)

Total eligible expenses

Enter whichever is less: amount from line 1 or $20,000.

Enter the amount claimed by other qualifying individuals and eligible individuals living in the

same eligible dwelling from line 31285 of their return.

–

Line 2 minus line 3

Enter this amount on line 31285 of your return.

Home accessibility expenses

Line 31400 – Pension income amount

Complete the calculation below if you reported eligible pension, superannuation, or annuity payments on line 11500,
line 11600, or line 12900 of your return.

Amount from line 11500 of your return

Foreign pension income included in the amount on line 11500 of your return

and deducted on line 25600 of your return

Income from a U.S. individual retirement account (IRA) included in the amount

on line 11500 of your return

Amounts from a RRIF or a PRPP included in the amount on line 11500 of your

return and transferred to an RRSP, a RRIF, a PRPP, or an annuity

Add lines 2 to 4.

►

–

Line 1 minus line 5

Annuity payments from line 12900 of your return (box 16 of all your T4RSP slips) only if you were

65 years of age or older on December 31, 2023, or you received the payments because of the death

of your spouse or common-law partner

Line 6 plus line 7

Enter on line 31400 of your return whichever amount is less: line 8 or $2,000. However, if you are electing to split your
eligible pension with your spouse or common-law partner, complete Form T1032, Joint Election to Split Pension Income,
to calculate the amount to enter on line 31400 of your return instead.

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