| Part 1 – Adjusted taxable income and minimum amount (continued) | |||||||||||||||||||
| Amount from line 42 on the previous page | 43 | ||||||||||||||||||
| Amount from line 120 | |||||||||||||||||||
| of your return | |||||||||||||||||||
| Amount from line 180 | |||||||||||||||||||
| of your return | – | x 13.7930% = | g) | ||||||||||||||||
| Amount from line 120 | |||||||||||||||||||
| minus the amount from | |||||||||||||||||||
| line 180 of your return | = | x 27.5362% = | + | h) | |||||||||||||||
| Line g) plus line h) | = | ► | 44 | ||||||||||||||||
| Amount from line 217 | |||||||||||||||||||
| of your return | x 60% = | + | 45 | ||||||||||||||||
| Net non-deducted capital losses from line 156 in Part 9 (10) | + | 46 | |||||||||||||||||
| Add lines 44 to 46. | = | ► | – | 47 | |||||||||||||||
| Line 43 minus line 47 (if negative, enter "0") | Adjusted taxable income | = | 48 | ||||||||||||||||
| Basic exemption | – | 49 | |||||||||||||||||
| Line 48 minus $40,000 (if negative, enter "0") | Net adjusted taxable income | = | 50 | ||||||||||||||||
| If line 50 is "0", you are not subject to alternative minimum tax. If you want to apply a minimum-tax carryover from previous years against your 2018 tax payable, complete parts 2 and 8 and attach a copy of this form to your return. Also, complete Schedule 1 and your return as usual. |
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| Federal tax rate | x 15% | 51 | |||||||||||||||||
| Gross minimum amount: multiply line 50 by 15% | = | 52 | |||||||||||||||||
| Total non-refundable tax credits from line 350 of your Schedule 1 | 53 | ||||||||||||||||||
| Enter the total of lines 314, 318, 324, and 326 of your Schedule 1. | 54 | ||||||||||||||||||
| Federal tax rate | x 15% | 55 | |||||||||||||||||
| Multiply line 54 by 15%. | = | ► | – | 56 | |||||||||||||||
| Line 53 minus line 56 (11) | = | ► | – | 57 | |||||||||||||||
| Line 52 minus line 57 (if negative, enter "0") | Minimum amount | = | 58 | ||||||||||||||||
| If line 58 is "0", you are not subject to alternative minimum tax. If you want to apply a minimum-tax carryover from previous years against your 2018 tax payable, complete parts 2 and 8 and attach a copy of this form to your return. Also, complete Schedule 1 and your return as usual. |
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| Part 2 – Basic federal tax | |||||||||||||||||||
| Enter the amount from line 404 of your Schedule 1. | 59 | ||||||||||||||||||
| Total non-refundable tax credits from line 350 of your Schedule 1 | 60 | ||||||||||||||||||
| Dividend tax credit: amount from line 425 of your Schedule 1 | + | 61 | |||||||||||||||||
| Line 60 plus line 61 | = | ► | – | 62 | |||||||||||||||
| Line 59 minus line 62 | Tax payable before minimum tax carryover | = | 63 | ||||||||||||||||
| Minimum tax carryover applied in 2018 from line 124 in Part 8 | – | 64 | |||||||||||||||||
| Line 63 minus line 64 | Basic federal tax | = | 65 | ||||||||||||||||
| (10) |
If you have unapplied capital losses from other years, complete Part 9 and enter the net non-deducted capital losses on line 46. This applies even if you have not claimed any net capital losses of other years on line 253 of your return. However, if line 25 in Part 1 is "0" or negative, and you do not have any unapplied net capital losses from before May 23, 1985, do not complete Part 9. Enter "0" on line 46. |
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| (11) | If you claimed a federal logging tax credit on your Schedule 1, add this amount to the amount on line 57. | ||||||||||||||||||
| Page 3 of 6 | |||||||||||||||||||