Total Income = line 150 of T1 includes $ x# s' Q0 i1 i, f+ G; ], ~ Employment income line 101-104 & W* o: q( c9 i8 ?6 c, n* m Benefits line - 1091 x* y0 ~3 O- g* U' v2 \4 ~" a
Div+Interest Income line - 121 9 b9 B/ L) Q3 U( m0 J, `* p Company and others line - 149 : r y8 @7 Z9 h1 Y/ O* |6 t# O' b) E' H: J( J
Taxable income = line 260 of T1 derived from & T5 T- D& d- A4 NLine 150 minus RRSP and all other deduction" Y. i/ m/ d0 V. Y0 z/ k: B7 j
" _! ?, e6 V: W4 Q/ f. Z- tAfter getting line 260 Taxable income, Calculate and you will get line 435 Tax Payable : l- X- ]! v: F$ x* Q7 z9 ?* C2 r4 M# Q7 D
Follows by all the Tax Credit such as investment credit, CPP EI overpay etc....