Total Income = line 150 of T1 includes ! U% H. K, O3 _# s( j2 z Employment income line 101-104 - Q! u2 l& q, ]7 [% U& U Benefits line - 109& `. ]# z; O& u5 I: h: ]- ]
Div+Interest Income line - 121 % s5 J# T4 s8 |2 |, b% [ Company and others line - 1495 v- M7 v3 ^5 |6 _, c
; { h9 G' f+ yTaxable income = line 260 of T1 derived from1 w1 | t0 Z' z0 T: R
Line 150 minus RRSP and all other deduction - H5 Q. U- ~' g3 l" j$ j: _1 A 3 q2 ]: x: F: u4 ]After getting line 260 Taxable income, Calculate and you will get line 435 Tax Payable' O/ U+ g; u) }; [. P" m
& K* i4 g+ H3 R0 m A! T+ c8 g
Follows by all the Tax Credit such as investment credit, CPP EI overpay etc....