Total Income = line 150 of T1 includes # p* Z! n$ t2 t* T) p) P `% U Employment income line 101-104 3 d# y# l9 l- o4 X. L7 o* } Benefits line - 109& b, C1 d: M6 |3 S; F g
Div+Interest Income line - 121' h8 A8 ^ x, p* L
Company and others line - 149 5 S( X0 W7 s: J5 V* Q: W' ?8 i. l9 v2 g! G
Taxable income = line 260 of T1 derived from: a0 w& p3 l/ Z! A5 L0 w8 H
Line 150 minus RRSP and all other deduction ! f; n2 k5 w6 }5 R, L/ y; A ) |& V( o3 J: J2 ]* XAfter getting line 260 Taxable income, Calculate and you will get line 435 Tax Payable5 ]3 j" s* X1 m
+ P' c% \. G- |+ U% v
Follows by all the Tax Credit such as investment credit, CPP EI overpay etc....