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Attachment 4 - Lecture notes 2

Notes of various types done within the A in the class
Course

Hist & Historians (HIST 300)

29 Documents
Students shared 29 documents in this course
Academic year: 2018/2019
Uploaded by:
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This document has been uploaded by a student, just like you, who decided to remain anonymous.
Indiana State University

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G

Protected B when completed

Use the amount from line 1 to decide which column to complete. Line 1 is more than Line 1 is more than Line 1 is more than

Enter the amount from line 8 on line 48 and continue at line 9.

G

Protected B when completed - Form ON - Ontario Tax

  • Enter your taxable income from line 26000 of your return. Part A- Ontario tax on taxable income - $44,740 or less more than $89,482 more than $150,000 more than $220,000 than $220, Line 1 is $44,740 but not $89,482 but not $150,000 but not Line 1 is more
  • Amount from line
  • Line 2 minus line
  • (cannot be negative)
  • Line 4 multiplied by the % % % % %
  • percentage from line
  • Lines 6 plus line
  • taxable income Ontario tax on - Internal use only Part B - Ontario non-refundable tax credits
  • Basic personal amount Claim $10,783
  • Age amount (if born in 1955 or earlier) (use Worksheet ON428) (maximum $5,265) - Base amount Spouse or common-law partner amount: - net income from line 23600 of their return Your spouse's or common-law partner's - Line 11 minus 12 (if negative, enter ''0'') (maximum $9,156) 58120 Y - Base amount Amount for an eligible dependant: - Your eligible dependant's net income from line 23600 of their return - Line 14 minus line 15 (if negative, enter ''0'') (maximum $9,156) 58160 Y
  • Ontario caregiver amount (use Worksheet ON428)
  • Line 9, 10, 13, 16, and 17.
    • Amount from line 30800 of your return 58240 D CPP or QPP contributions:
    • Amount from line 31000 of your return 58280 D
    • Amount from line 31200 of your return 58300 D Employment insurance premiums:
    • Amount from line 31217 of your return 58305 D
  • Adoption expenses (maximum $13,156 per child)
  • Add lines 19 to 23. Y
  • Line 18 plus line - Page 1 of Continue on the next page. - 2021/01/ - 0 00 44,740 00 89,482 00 150,000 00 220,000 - - 0 00 2,259 00 6,353 00 13,107 00 21,619 - 10,783 - 10,071 - 10,071 - 10,783 - 10,783 - $61,434. - $61,434. - $16,694. - $1,527. - $3,786. - $29,082. - $0 $ - $2,732. - $856. - $3,588. - $14,371.
  • Amount from line 25 of the previous page Part B - Ontario non-refundable tax credits (continued)
  • Pension income amount (maximum $1,491)
  • Line 26 plus line
  • (claim $8,712 , or if you were under 18 years of age, use Worksheet ON428) Disability amount for self
  • Disability amount transferred from a dependant (use Worksheet ON428)
  • Add lines 28 to 30.
  • Interest paid on your student loans (amount from line 31900 of your return)
  • Your unused tuition and education amounts ( attach Schedule ON(S11))
  • Amounts transferred from your spouse or common-law partner ( attach Schedule ON(S2))
  • Add lines 31 to 34.
    • Read line 58689 of your Ontario Information Guide. Medical expenses:
    • $2,440 or 3% of the amount on line 23600 of your return Enter whichever is less :
    • Line 36 minus line 37 (if negative, enter ''0'')
  • (use Worksheet ON428) Allowable amount of medical expenses for other dependants
  • Line 38 plus line 39 58769 Y
  • Line 35 plus line
  • Ontario non-refundable tax credit rate %
  • Line 41 multiplied by the percentage from line
    • Amount from line Donations and gifts:
    • of your federal Schedule 9 x % =
    • Amount from line
    • of your federal Schedule 9 x % =
    • Line 44 plus line 45 58969 Y
  • Line 43 plus line
  • Enter this amount on line 51. Ontario non-refundable tax credits
  • Ontario tax on taxable income from line Part C - Ontario tax
  • Ontario tax on split income (complete Form T1206) 61510 D
  • Line 48 plus line
  • Ontario non-refundable tax credits from line
  • Line 50 minus line 51 (if negative, enter ''0'')
    • Amount from line 52 above Ontario minimum tax carryover:
    • Ontario dividend tax credit (use Worksheet ON428) D
    • Line 53 minus line 54 (if negative, enter ''0'')
    • Amount from line 40427 of your return x % =
    • Enter whichever is less: amount from line 55 or 56 61540 D
  • Line 52 minus line 57 (if negative, enter ''0'') - Page 2 of Continue on the next page. - 2021/01/ - 10,783 - 10,783 - 10,783 - 10,783 - 10,783 - - - - - - - - $14,371. - $14,371. - $14,371. - $14,371. - $14,371. - $725. - $ - $1, - $10. - $178. - $188. - $914. - $3,786. - $914. - $3,786. - $2,872. - $2,872. - $2,872. - $2,872.

G

Protected B when completed

Part C - Ontario tax (continued) Amount from line 80 of the previous page 81

Low-income individuals and families tax (LIFT) credit (complete Schedule ON428-A) 62140 D 82

Line 81 minus line 82 (if negative, enter ''0'') 83

Community food program donation tax credit for farmers: Enter the amount of qualifying donations that have also been claimed as a charitable donation. 62150 X 25% = 84 Line 83 minus line 84 (if negative, enter ''0'') 85

Ontario health premium (complete the chart below) Y 86

Line 85 plus line 86 Enter this amount on line 42800 of your return. Ontario tax 87

Ontario Health Premium Go to the line on the chart below that corresponds to your taxable income from line 1 to determine your Ontario Health Premium. Enter the result on line 86 above.

Taxable income Ontario health premium

$20,000 or less Y Y Y

more than $20,000 , but not more than $25, - $ = x % =

more than $25,000 , but not more than $36,000 Y Y Y $

more than $36,000 , but not more than $38, - $ = x % = + $ =

more than $38,500 , but not more than $48,000 Y Y Y $

more than $48,000 , but not more than $48, - $ = x % = + $ =

more than $48,600 , but not more than $72,000 Y Y Y $

more than $72,000 , but not more than $72, - $ = x % = + $ =

more than $72,600 , but not more than $200,000 Y Y Y $

more than $200,000 , but not more than $200, - $ = x % = + $ =

more than $200,600 Y Y Y $

See the privacy notice on your return.

Page 4 of 4

####### 2021/01/

####### 2021/01/

0 00

20,000 6

36,000 6 300

48,000 25 450

72,000 25 600

200,000 25 750

$2,872.

$2,872.

$

$3,472.

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Attachment 4 - Lecture notes 2

Course: Hist & Historians (HIST 300)

29 Documents
Students shared 29 documents in this course

University: Indiana State University

Was this document helpful?
G
Name of taxpayer Social Insurance Number Printed
Form ON428
Ontario Tax 2020
Protected B when completed
Part A - Ontario tax on taxable income
Enter your taxable income from line 26000 of your return. 1
Use the amount from line 1 to decide which column to complete.
Line 1 is more than Line 1 is more than Line 1 is more than
Line 1 is $44,740 but not $89,482 but not $150,000 but not Line 1 is more
$44,740 or less more than $89,482 more than $150,000 more than $220,000 than $220,000
Amount from line 1 2
Line 2 minus line 3 3
(cannot be negative) 4
Line 4 multiplied by the % % % % % 5
percentage from line 5 6
Lines 6 plus line 7 7
Ontario tax on
taxable income 8
Enter the amount from line 8 on line 48 and continue at line 9.
Part B - Ontario non-refundable tax credits 56050 Internal use only
Basic personal amount 58040 Claim $10,783 9
Age amount (if born in 1955 or earlier) (use Worksheet ON428) 58080 (maximum $5,265) 10
Spouse or common-law partner amount:
Base amount 11
Your spouse's or common-law partner's
net income from line 23600 of their return 12
Line 11 minus 12 (if negative, enter ''0'') 58120 (maximum $9,156) Y13
Amount for an eligible dependant:
Base amount 14
Your eligible dependant's net income from line 23600 of their return 15
Line 14 minus line 15 (if negative, enter ''0'') 58160 (maximum $9,156) Y16
Ontario caregiver amount (use Worksheet ON428) 58185 17
Line 9, 10, 13, 16, and 17. 18
CPP or QPP contributions:
Amount from line 30800 of your return 58240 D19
Amount from line 31000 of your return 58280 D20
Employment insurance premiums:
Amount from line 31200 of your return 58300 D21
Amount from line 31217 of your return 58305 D22
Adoption expenses 58330 (maximum $13,156 per child) 23
Add lines 19 to 23. Y24
Line 18 plus line 24 25
Continue on the next page.
Page 1 of 4
5006-C E (20)
2021/01/18
0 00
44,740 00
89,482 00
150,000 00
220,000 00
5 05
9 15
11 16
12 16
13 16
0 00
2,259 00
6,353 00
13,107 00
21,619 00
10,783 00
10,071 00
10,071 00
10,783 00
10,783 00
$61,434.4
$16,694.4
$1,527.54
$3,786.54
$29,082.38
$0
$0
$2,732.4
$856.36
$14,371.76

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