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Part 2 – Federal tax on split income

Calculation of line 42000 of your return

Total split income from line 4

Amount from line 7 multiplied by 33%

Enter this amount on line 40424 of your return.

Federal tax on split income

TOSI-adjusted taxable income

Amount from line 8

÷ 15% =

Use the amount from line 8A to adjust your taxable income for certain amounts.
For more information, see "TOSI-adjusted taxable income" on page 5.

Amount from line 41500 of your return

Line 8 plus line 9

Federal disability tax credit

Amount from line 31600

of your return

Amount from line 31800

of your return

Line 11 plus line 12

x 15% =

–

Line 10 minus line 14

Federal dividend tax credit on split income

Amount from line 1 of Part 1

Amount from line 2 of Part 1

–

x 9.0301% =

Line 16 minus line 17 (if negative, enter "0")

x 15.0198% =

Line 19 plus line 20

►

–

Line 15 minus line 21

Note

If the amount on line 22 is more than the amount on line 42900 of your return, use the amount on line 22
instead of the amount on line 42900 of your return when you calculate the refundable Quebec or Yukon
First Nations abatement and the federal surtax on income earned outside Canada.

Federal foreign tax credit on split income

Part of the amount on line 3

Amount from

that is from foreign sources

68370

line 40500 of

–

Total income from

68380

your return

foreign sources

Line 22 minus line 23 (if negative, enter "0")

Amount from line 40600 of your return

Amount from line 41600 of your return

–

Line 25 minus line 26 (if negative, enter "0")

Amount from line 41500 of your return

Line 27 plus line 28

Enter whichever is more: the amount from line 24 or line 29.

Add the amount from line 30 to the amount from line 41800 of your return, and enter the result on line 42000 of your return.

T1206 E(23)

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