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Low-income Individuals and Families Tax (LIFT) Credit |
Schedule ON428–A 2023 Protected B when completed |
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| To find out if you are eligible for the Low-income individuals and families tax (LIFT) credit, go to canada.ca/on-tax-info. | ||||||||||||
| Complete this schedule and attach a copy to your return. | ||||||||||||
| Calculating your maximum allowable credit | ||||||||||||
| Amount from line 10100 of your return | 1 | |||||||||||
| Amount from line 10400 of your return | + | 2 | ||||||||||
| Line 1 plus line 2 | = | 3 | ||||||||||
| Applicable rate | x 5.05% | 4 | ||||||||||
| Line 3 multiplied by the percentage from line 4 | (maximum $875) | = | 5 | |||||||||
| Calculating your adjusted net income | ||||||||||||
| Amount from line 23600 of your return | 6 | |||||||||||
| Amount from line 21300 of your return | + | 7 | ||||||||||
| Amount of registered disability savings plan (RDSP) income repayment included |
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| on line 23200 of your return | + | 8 | ||||||||||
| Add lines 6 to 8. | = | ► | 9 | |||||||||
| Amount from line 11700 of your return | 10 | |||||||||||
| Amount of RDSP income included on line 12500 | ||||||||||||
| of your return | + | 11 | ||||||||||
| Line 10 plus line 11 | = | ► | – | 12 | ||||||||
| Line 9 minus line 12 | ||||||||||||
| (if negative, enter "0") | Your adjusted net income | = | 13 | |||||||||
| If you were single at the end of the year, complete Part A to calculate your credit. | ||||||||||||
| If you had a spouse or common-law partner at the end of the year, complete Part B on the next page. | ||||||||||||
| Part A – Calculating the credit for single individuals | ||||||||||||
| Amount from line 5 above | (maximum $875) | 14 | ||||||||||
| Amount from line 13 above | 15 | |||||||||||
| Individual income threshold | – | 16 | ||||||||||
| Line 15 minus line 16 (if negative, enter "0") | = | 17 | ||||||||||
| Applicable rate | x 5% | 18 | ||||||||||
| Line 17 multiplied by the percentage from line 18 | = | ► | – | 19 | ||||||||
| Line 14 minus line 19 (if negative, enter "0") | = | 20 | ||||||||||
| Enter the amount from line 20 on line 62140 of your Form ON428. | ||||||||||||
| 5006-A E (23) | (Ce formulaire est disponible en français.) | Page 1 of 2 | ||||||||||
| Protected B when completed | ||||||||||||
| Part B – Calculating the credit for individuals with a spouse or common-law partner | ||||||||||||
| Amount from line 23600 of your spouse's | ||||||||||||
| or common-law partner's return | 21 | |||||||||||
| Amount from line 21300 of your spouse's | ||||||||||||
| or common-law partner's return | + | 22 | ||||||||||
| Amount of RDSP income repayment included on line 23200 of your spouse's or common-law |
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| partner's return | + | 23 | ||||||||||
| Add lines 21 to 23. | = | ► | 24 | |||||||||
| Amount from line 11700 of your spouse's | ||||||||||||
| or common-law partner's return | 25 | |||||||||||
| Amount of RDSP income included on line 12500 | ||||||||||||
| of your spouse's or common-law partner's return | + | 26 | ||||||||||
| Line 25 plus line 26 | = | ► | – | 27 | ||||||||
| Line 24 minus line 27 | Your spouse's or common-law | |||||||||||
| (if negative, enter "0") | partner's adjusted net income | = | 28 | |||||||||
| Amount from line 5 of the previous page | (maximum $875) | 29 | ||||||||||
| Amount from line 13 of the previous page | 30 | |||||||||||
| Individual income threshold | – | 31 | ||||||||||
| Line 30 minus line 31 (if negative, enter "0") | = | 32 | ||||||||||
| Amount from line 30 above | 33 | |||||||||||
| Amount from line 28 above | + | 34 | ||||||||||
| Line 33 plus line 34 | Adjusted family net income | = | 35 | |||||||||
| Family income threshold | – | 36 | ||||||||||
| Line 35 minus line 36 (if negative, enter "0") | = | 37 | ||||||||||
| Enter whichever is more: amount from line 32 or line 37 | 38 | |||||||||||
| Applicable rate | x 5% | 39 | ||||||||||
| Line 38 multiplied by the percentage from line 39 | = | ► | – | 40 | ||||||||
| Line 29 minus line 40 (if negative, enter "0") | = | 41 | ||||||||||
| Enter the amount from line 41 on line 62140 of your Form ON428. | ||||||||||||
| See the privacy notice on your return. | ||||||||||||
| 5006-A E (23) | Page 2 of 2 | |||||||||||