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Attachment 7 - Lecture notes 1-7

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: 2019/2020
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Indiana State University

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Page 1 of 8

Protected B when completed SIN:

5000-R E (20)

{}|

Canada Revenue Agency

T1 Income Tax and Benefit Return 202020202020

WARNING

Do not submit to the CRA any tax returns that have been prepared using this version of the program. Due to its early release date, the forms it contains have not yet been approved for filing; however, you will be able to estimate the tax payable. The electronic transmission of the return (EFILE), Authorization form, T1135 form, Pre-authorized debit (PAD) and Auto-fill T1 return (AFR) service (which includes the Client Data Enquiry (CDE)), are not available in this version. The next version, scheduled to be released in mid-February, will be approved by the CRA for filing.

Before you start: If you are filling out this return for a deceased person , make sure you enter their information in all the boxes in Step 1.

Step 1 - Identification and other information 7

Identification

First name and initial

Last name

Mailing address: Apt No. - Street No. Street name

PO Box RR

City Prov./Terr. Postal code

####### Email address

By providing an email address, you are registering to receive email notifications from the CRA and agree to the Terms of use under Step 1 in the guide. Enter an email address:

####### Information about your residence

Enter your province or territory of residence on December 31, 2020 : Enter the province or territory where you currently reside if it is not the same as your mailing address above: If you were self-employed in 2020, enter the province or territory where your business had a permanent establishment:

If you became or ceased to be a resident of Canada for income tax purposes in 2020 , enter the date of: Month Day Month Day entry or departure

####### Information about you

Enter your social insurance number (SIN): Year Month Day Enter your date of birth: Your language of correspondence: English Français Votre langue de correspondance:

####### Is this return for a deceased person?

Ensure the SIN information above is for the deceased person. If this return is for a deceased person, Year Month Day enter the date of death:

####### Marital status

Tick the box that applies to your marital status on December 31, 2020:

1 Married 2 Livingcommon-law 3 Widowed 4 Divorced 5 Separated 6 Single

####### Information about your spouse or

####### common-law partner (if you ticked box 1 or 2 above)

Enter their SIN: Enter their first name:

Enter their net income for 2020 to claim certain credits: Enter the amount of universal child care benefit (UCCB) from line 11700 of their return: Enter the amount of UCCB repayment from line 21300 of their return: Tick this box if they were self-employed in 2020: 1

Do not use this area

Do not use this area 1720017100

ON

X

X

Mike

Welland,ON

Page 2 of 8

SIN:

Step 1 - Identification and other information - (continued)

####### Please answer the following questions.

3 Elections Canada (For more information, see"Elections Canada" under Step 1, in the guide.)

A) Do you have Canadian citizenship? Yes 1 No 2 If yes, go to question B. If no, skip question B. B) As a Canadian citizen, do you authorize the Canada Revenue Agency to give your name, address, date of birth, and citizenship to Elections Canada to update the National Register of Electors or, if you are aged 14 to 17, to update the Register of Future Electors? Yes 1 No 2 Your authorization is valid until you file your next tax return. Your information will only be used for purposes permitted under the Canada Elections Act, which include sharing lists of electors produced from the National Register of Electors with provincial and territorial electoral agencies, members of Parliament, registered and eligible political parties, and candidates at election time.

Your information in the Register of Future Electors will be included in the National Register of Electors once you turn 18 and your eligibility is confirmed. Information from the Register of Future Electors can be shared only with provincial and territorial electoral agencies that are allowed to collect future elector information. In addition, Elections Canada can use information in the Register of Future Electors to provide youth with educational information about the electoral process.

####### Indian Act - Exempt income

Tick this box if you have any income that is exempt under the Indian Act. For more information on this type of income, go to canada/taxes-aboriginal-peoples. 1 If you tick the box, complete Form T90, Income Exempt under the Indian Act. Complete this form so that the CRA can calculate your Canada training credit limit for the 2021 tax year. The information you provide may also be used to calculate your Canada workers benefit for the 2020 tax year, if applicable. It also may be used to calculate amounts payable to you under Canada Child Benefit-related provincial or territorial programs, if any.

####### Foreign property

Did you own or hold specified foreign property where the total cost amount of all such property, at any time in 2020, was more than CAN$100,000? 26600 Yes 1 No 2

If yes , complete Form T1135, Foreign Income Verification Statement, and attach it to your return. There are substantial penalties for not completing and filing Form T1135 by the due date. For more information, see Form T1135.

5000-R E (20)

X

Page 4 of 8

SIN:

Step 3 - Net income

Enter your total income from line 28 from the previous page. 15000 29 Pension adjustment (box 52 of all T4 slips and box 034 of all T4A slips) 20600 Registered pension plan deduction (box 20 of all T4 slips and box 032 of all T4A slips) 20700 30 RRSP deduction (See Schedule 7 and attach receipts.) 20800 31 Pooled registered pension plan (PRPP) employer contributions (amount from your PRPP contribution receipts) 20810 Deduction for elected split-pension amount (Complete Form T1032.) 21000 32 Annual union, professional, or like dues (receipts and box 44 of all T4 slips) 21200 33 Universal child care benefit repayment (box 12 of all RC62 slips) 21300 34 Child care expenses (Complete Form T778.) 21400 35 Disability supports deduction (Complete Form T929.) 21500 36 Business investment loss Gross 21699 Allowable deduction 21700 37 Moving expenses (Complete Form T1-M.) 21900 38 Support payments made Total 21999 Allowable deduction 22000 39 Carrying charges and interest expenses (Complete the Worksheet for the return.) 22100 40 Deduction for CPP or QPP contributions on self-employment and other earnings (Complete Schedule 8 or complete Form RC381,

whichever applies.) 22200 D 41

Deduction for CPP or QPP enhanced contributions on employment income (Complete Schedule 8 or complete

Form RC381, whichever applies.) (maximum $165) 22215 D 42

Exploration and development expenses (Go to canada/line-22400.) (Complete Form T1229.) 22400 43 Other employment expenses 22900 44 Clergy residence deduction (Complete Form T1223.) 23100 45 Other deductions Specify: 23200 46

Add lines 30 to 46. 23300 Y 47

Line 29 minus line 47 (if negative, enter ''0'') This is your net income before adjustments. 23400 48 Social benefits repayment (If you reported income at line 8 and the amount at line 48 is greater than $67,750, see the repayment chart on the back of your T4E slip. If you reported income on lines 3 or 26, and the amount at line 48 is greater than $79,054, complete the chart

for line 23500 on the Worksheet for the return. Otherwise, enter ''0''.) 23500 D 49

####### Line 48 minus line 49 (if negative, enter ''0'') This is your net income. 23600 50

5000-R E (20)

<NIL> <NIL>
<NIL>
$1,585.

####### $36,067.

####### $4,

$1,

####### $6,985.

####### $29,082.

####### $29,082.

Page 5 of 8

SIN:

Step 4 - Taxable income

Enter your net income from line 50 on the previous page. 23600 51

Canadian Forces personnel and police deduction (box 43 of all T4 slips) 24400 52 Security options deductions (boxes 39 and 41 of T4 slips or see Form T1212) 24900 53 Other payments deduction (Claim the amount fromline 27, unless it includes an amount at line 26. If so, see line 25000 in the guide.) 25000 54 Limited partnership losses of other years (Go to canada/line-25100.) 25100 55 Non-capital losses of other years (Go to canada/line-25200.) 25200 56 Net capital losses of other years 25300 57 Capital gains deduction (Complete Form T657.) 25400 58 Northern residents deductions (Complete Form T2222.) 25500 59 Additional deductions Specify: 25600 60

Add lines 52 to 60. 25700 Y 61

####### Line 51 minus line 61 (if negative, enter ''0'') This is your taxable income. 26000 62

Step 5 - Federal tax

####### Part A- Federal tax on taxable income

Enter your taxable income from line 62. 63

Complete the appropriate column Line 63 is Line 63 is more Line 63 is more Line 63 is more Line 63 is more depending on the $48,535 or less than $48,535 but than $97,069 but than $150,473 but than $214, amount on line 63. not more than not more than not more than $97,069 $150,473 $214, Enter the amount from line 63. 64 - 65 Line 64 minus line 65 (cannot be negative) = 66 x % % % % % 67 Multiply line 66 by line 67. = 68 Add lines 68 and 69. + 69 Enter this amount on line 108 on page 7 of this return 70

####### Part B - Federal non-refundable tax credits

If the total of your amounts on lines 23600 of this return and 68360 on Form T1206, Tax on Split Income, is less than $150,473, enter $13,229 on line 71 below. If the total is greater than $214,368, enter $12,298. If the total is from $150,473, to $214,368, complete the Worksheet for the return. Basic personal amount (maximum $13,229) 30000 71 Age amount (if you were born in 1955 or earlier) (Complete the Worksheet for the return.) (maximum $7,637) 30100 72 Spouse or common-law partner amount (Complete Schedule 5.) 30300 73 Amount for an eligible dependant (Complete Schedule 5.) 30400 74 Canada caregiver amount for spouse or common-law partner, or eligible dependant age 18 or older (Complete Schedule 5.) 30425 75 Canada caregiver amount for other infirm dependants age 18 or older (Complete Schedule 5.) 30450 76 Canada caregiver amount for infirm children under 18 years of age (Go to canada/lines-30499-30500.) Enter the number of children for whom you are claiming this amount. 30499 x $2,273 = 30500 77 Add lines 71 to 77. Subtotal 78

Continue on the next page.

5000-R E (20)

<NIL>
<NIL> <NIL>
<NIL>
0 00 48,535 00 97,069 00 150,473 00 214,368 00
15 20 26 29 33
0 00 7,280 25 17,229 72 31,114 76 49,644 31
13,229 00
13,229 00

####### $29,082.

####### $29,082.

####### $29,082.

####### $29,082.

####### $4,362.

Page 7 of 8

SIN:

5000-R E (20)

####### Part C - Net federal tax

Enter the amount from line 70. 108

Federal tax on split income (Complete Form T1206.) 40424 D 109
Add lines 108 and 109. 40400 Y 110

Enter your total federal non-refundable tax credits from line 107 on the previous page. 35000 111

Federal dividend tax credit (See line 40425 in the guide.) 40425 D 112

Minimum tax carryover (Go to canada/line-40427.)

(Complete Form T691.) 40427 D 113
Add lines 111 to 113. Y 114

Line 110 minus line 114 (if negative, enter ''0'') Basic federal tax 42900 115 Federal foreign tax credit (Complete Form T2209.) 40500 116 Line 115 minus line 116 (if negative, enter ''0'') Federal tax 40600 117

Total federal political contributions ( attach receipts) 40900 118 Federal political contribution tax credit

(Complete the Worksheet for the return.) (maximum $650) 41000 D 119
Investment tax credit (Complete Form T2038(IND).) 41200 D 120

Labour-sponsored funds tax credit (See lines 41300 and 41400 in the guide.) Net cost of shares of a

provincially registered fund 41300 Allowable credit 41400 D 121
Add lines 119 to 121. 41600 Y 122

Line 117 minus line 122 (if negative, enter ''0'') 41700 123 Canada workers benefit advance payments received

(box 10 of the RC210 slip) 41500 D 124

Special taxes (See line 41800 in the guide.) 41800 125 Add lines 123 to 125. Enter this amount on line 127 below. Net federal tax 42000 126

Step 6 - Provincial or territorial tax

Complete Form 428 to calculate your provincial or territorial tax.

Step 7 - Refund or balance owing

Net federal tax: enter the amount from line 126. 42000 127 CPP contributions payable on self-employment and other earnings (Complete Schedule 8 or complete Form RC381, whichever applies.) 42100 128 Employment insurance premiums payable on self-employment and other eligible earnings (Complete Schedule 13.) 42120 129 Social benefits repayment (amount from line 49) 42200 130 Provincial or territorial tax (Attach Form 428, even if the result is ''0''.) 42800 131

Add lines 127 to 131. This is your total payable. 43500 D 132

Continue on the next page

1,984 35
1,984 35 1,984 35
<NIL>
<NIL>
<NIL>
<NIL>
<NIL>

####### $4,362.

####### $4,362.

$2,477.

$2,477 $2,477.

$1,885.

$1,885.

$1,885.

$1,885.

$1,885.

$2,999.

$1,121.

$6,005.

Page 8 of 8

SIN:

5000-R E (20)

Step 7 - Refund or balance owing (continued)

Enter the total payable amount from line 132 on the previous page 43500 133

Total income tax deducted (amounts from all Canadian slips) 43700 D 134
Refundable Quebec abatement (See line 44000 in the guide.) 44000 D 135
CPP overpayment (See line 30800 in the guide.) 44800 D 136
Employment insurance overpayment (See line 45000 in the guide.) 45000 D 137

Refundable medical expense supplement

(Complete the Worksheet for the return.) 45200 D 138
Canada workers benefit (CWB) (Complete Schedule 6.) 45300 D 139
Canada training credit (CTC) (Complete Schedule 11.) 45350 D 140
Refund of investment tax credit (Complete Form T2038(IND).) 45400 D 141
Part XII trust tax credit (box 38 of all T3 slips and box 209 of all T5013 slips) 45600 D 142
Employee and partner GST/HST rebate (Complete Form GST370.) 45700 D 143

Eligible educator school

supply tax credit Supplies expenses 46800 X 15% = 46900 D 144
Canadian journalism labour tax credit (box 236 of all T5013 slips) 47555 D 145
Tax paid by instalments 47600 D 146
Provincial or territorial credits (Complete Form 479, if it applies.) 47900 D 147
Add lines 134 to 147. These are your total credits. 48200 Y 148

Line 133 minus line 148 This is your refund or balance owing. 149 If the result is negative, you have a refund. If the result is positive, you have a balance owing. Enter the amount below on whichever line applies. Generally, we do not charge or refund a difference of $2 or less.

Refund 48400 D Balance owing 48500 D

For more information on how to receive your refund For more information on how to make your payment, see by direct deposits, see line 48400 in the guide or go line 48500 in the guide or go to canada/payments. to canada/cra-direct-deposit. Your payment is due no later than April 30, 2021. Disclaimer:

I certify that the information given on this return and in any documents attached is correct and complete and fully discloses all my income. Sign here It is a serious offence to make a false return. Telephone number: Date:

If this return was completed by a tax professional, tick the applicable box and provide the following information: 49000 Was a fee charged? Yes 1 No 2 48900 EFILE number (if applicable): Name of tax professional: Telephone number: Personal information (including the SIN) is collected for the purposes of the administration or enforcement of the Income Tax Act and related programs and activities including administering tax, benefits, audit, compliance, and collection. The information collected may be used or disclosed for purposes of other federal acts that provide for the imposition and collection of a tax or duty. It may also be disclosed to other federal, provincial, territorial, or foreign government institutions to the extent authorized by law. Failure to provide this information may result in interest payable, penalties, or other actions. Under the Privacy Act, individuals have a right of protection, access to and correction of their personal information, or to file a complaint with the Privacy Commissioner of Canada regarding the handling of their personal information. Refer to Personal Information Bank CRA PPU 005 on Info Source at canada/cra-info-source.

Do not use this area

48700 48800 D 48600 D
RC-20-XXX
<NIL> <NIL>
<NIL>
<NIL> <NIL>

X W Lewis G Stevenson (905)984-

$6005.

$

$

$5,609.

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Attachment 7 - Lecture notes 1-7

Course: Hist & Historians (HIST 300)

29 Documents
Students shared 29 documents in this course

University: Indiana State University

Was this document helpful?
Page 1 of 8
G
Protected B when completed
SIN:
5000-R E (20)
{}|
Canada Revenue
Agency
T1 202020202020Income Tax and Benefit Return
WARNING
Do not submit to the CRA any tax returns that have been prepared using this version of the program. Due to its early release date, the forms it
contains have not yet been approved for filing; however, you will be able to estimate the tax payable. The electronic transmission of the return
(EFILE), Authorization form, T1135 form, Pre-authorized debit (PAD) and Auto-fill T1 return (AFR) service (which includes the Client Data Enquiry
(CDE)), are not available in this version. The next version, scheduled to be released in mid-February, will be approved by the CRA for filing.
Before you start:
If you are filling out this return for a deceased person, make sure you enter their information in all the boxes in Step 1.
7Step 1 - Identification and other information
Identification
First name and initial
Last name
Mailing address: Apt No. - Street No. Street name
PO Box RR
City Prov./Terr. Postal code
Email address
By providing an email address, you are registering to receive
email notifications from the CRA and agree to the Terms of use
under Step 1 in the guide.
Enter an email address:
Information about your residence
Enter your province or territory of
residence on December 31, 2020:
Enter the province or territory
where you currently reside if it is
not the same as your mailing
address above:
If you were self-employed in
2020, enter the province or
territory where your business had
a permanent establishment:
If you became or ceased to be a resident of Canada for
income tax purposes in 2020, enter the date of:
Month Day Month Day
entry or departure
Information about you
Enter your social
insurance number (SIN):
Year Month Day
Enter your date of birth:
Your language of correspondence: English Français
Votre langue de correspondance:
Is this return for a deceased person?
Ensure the SIN information above is for the deceased person.
If this return is for a
deceased person, Year Month Day
enter the date of death:
Marital status
Tick the box that applies to your marital status on
December 31, 2020:
1 Married 2 Living
common-law 3 Widowed
4 Divorced 5 Separated 6 Single
Information about your spouse or
common-law partner (if you ticked box 1 or 2 above)
Enter their SIN:
Enter their first name:
Enter their net income for 2020
to claim certain credits:
Enter the amount of universal child care
benefit (UCCB) from line 11700
of their return:
Enter the amount of UCCB repayment
from line 21300 of their return:
Tick this box if they were self-employed in 2020: 1
Do not use this area
Do not use
this area 17200 17100
ON
X
X
Mike
Welland,ON

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