5001-C NL428 (Front) T1 General 2005 Newfoundland and Labrador Tax and Credits (Revised) Complete this form and attach a copy of it to your return. For details, see the Provincial Worksheet and pages 1 to 5 in the forms book. Step 1 - Newfoundland and Labrador tax on taxable income Line 1: Enter your taxable income from line 260 of your return ^ Use the amount on line 1 to determine which ONE of the following columns you have to complete. *** Transcriber's Note: Use column 1 if the amount on line 1 is $29,590 or less. Use column 2 if the amount on line 1 is more than $29,590 but not more than $59,180. Use column 3 if the amount on line 1 is more than $59,180. *** Column 1 Line 2: Enter the amount from line 1 above ^ Line 3: Enter 0.00 ^ Line 4: Enter the amount from line 2 (cannot be negative) = ^ Line 5: Rate 10.57% Line 6: Multiply line 4 by 10.57% = ^ Line 7: Enter 0.00 ^ Line 8: Enter the amount from line 6. Newfoundland and Labrador tax on taxable income = ^ Go to Step 2 Column 2 Line 2: Enter the amount from line 1 above ^ Line 3: Enter 29,590.00 ^ Line 4: Line 2 minus 29,590.00 (cannot be negative) = ^ Line 5: Rate 16.16% Line 6: Multiply line 4 by 16.16% = ^ Line 7: Enter 3,128.00 ^ Line 8: Line 6 plus 3,128.00. Newfoundland and Labrador tax on taxable income = ^ Go to Step 2 Column 3 Line 2: Enter the amount from line 1 above ^ Line 3: Enter 59,180.00 ^ Line 4: Line 2 minus 59,180.00 (cannot be negative) = ^ Line 5: Rate 18.02% Line 6: Multiply line 4 by 18.02% = ^ Line 7: Enter 7,909.00 ^ Line 8: Line 6 plus 7,909.00. Newfoundland and Labrador tax on taxable income = ^ Go to Step 2 Step 2 - Newfoundland and Labrador non-refundable tax credits Line 5600: For internal use only Line 9 and line 5804: Basic personal amount claim $7,410 ^ Line 10 and line 5808: Age amount (if born in 1940 or earlier)(use provincial worksheet) ^ Spouse or common-law partner amount Base amount enter 6,661.00 ^ Minus: his or her net income from page 1 of your return ^ Line 11 and line 5812: Result: (if negative, enter "0") (maximum $6,055) ^ Line 12 and line 5816: Amount for an eligible dependant (use provincial worksheet) ^ Line 13 and line 5820: Amount for infirm dependants age 18 or older (use provincial worksheet) ^ Canada Pension Plan or Quebec Pension Plan contributions: Line 14 and line 5824: (amount from line 308 of your federal Schedule 1) ^ Line 15 and line 5828: (amount from line 310 of your federal Schedule 1) ^ Line 16 and line 5832: Employment Insurance premiums (amount from line 312 of your federal Schedule 1) ^ Line 17 and line 5833: Adoption Expenses (amount from line 313 of your federal Schedule 1) ^ Line 18 and line 5836: Pension income amount (amount from line 314 of your federal Schedule 1) ^ Line 19 and line 5840: Caregiver amount (use provincial worksheet) ^ Line 20 and line 5844: Disability amount (see line 5844 on page 2 in the forms book) ^ Line 21 and line 5848: Disability amount transferred from a dependant (use provincial worksheet) ^ Line 22 and line 5852: Interest paid on your student loans (amount from line 319 of your federal Schedule 1) ^ Line 23 and line 5856: Your tuition and education amounts [attach Schedule NL(S11)] ^ Line 24 and line 5860: Tuition and education amounts transferred from a child ^ Line 25 and line 5864: Amounts transferred from your spouse or common-law partner [attach Schedule NL(S2)] ^ Line 26 and line 5868: Medical expenses from line 330 of your federal Schedule 1 ^ Line 27: Enter $1,614 or 3% of line 236, whichever is less ^ Line 28: Line 26 minus line 27 (if negative, enter "0") ^ Line 29 and line 5872: Allowable amount of medical expenses for other dependants calculated for line 5872 on the Provincial Worksheet ^ Line 30 and line 5876: Add lines 28 and 29 ^ Line 31 and line 5880: Add lines 9 to 25, and 30 ^ Line 32: Non-refundable tax credit rate 10.57% Line 33 and line 5884: Multiply line 31 by 10.57% ^ Donations and gifts: Line 34: Amount from line 345 of your federal Schedule 9 multiplied by 10.57% ^ Line 35: Amount from line 347 of your federal Schedule 9 multiplied by 18.02% ^ Line 36 and line 5896: Add lines 34 and 35 ^ Line 37 and line 6150: Add lines 33 and 36. Newfoundland and Labrador non- refundable tax credits ^ Go to Step 3 on the back 5001-C NL482 (Back) Step 3 - Newfoundland and Labrador tax Line 38: Enter your Newfoundland and Labrador tax on taxable income from line 8 ^ Line 39 and line 6151: Enter your Newfoundland and Labrador tax on split income from Form T1206 ^ Line 40: Add lines 38 and 39 ^ Line 41: Enter your Newfoundland and Labrador non-refundable tax credits from line 37 ^ Newfoundland and Labrador dividend tax credit: Line 42 and line 6152: Amount from line 120 of your return multiplied by 5% ^ Newfoundland and Labrador overseas employment tax credit: Line 43 and line 6153: Amount from line 426 of federal Schedule 1 multiplied by 70.5% ^ Newfoundland and Labrador minimum tax carry-over: Line 44 and line 6154: Amount from line 427 of federal Schedule 1 multiplied by 70.5% ^ Line 45: Add lines 41 to 44 ^ Line 46: Line 40 minus line 45 (if negative, enter "0") ^ Newfoundland and Labrador additional tax for minimum tax purposes: Line 47: Amount from line 117 of Form T691 multiplied by 70.5% ^ Line 48: Add lines 46 and 47 ^ Newfoundland and Labrador surtax: Line 49: (Amount from line 48 minus $7,032) multiplied by 9% (if negative, enter "0") ^ Line 50: Add lines 48 and 49 ^ Line 51: Enter the provincial foreign tax credit from Form T2036 ^ Line 52: Line 50 minus line 51 ^ Political contribution tax credit Line 53 and line 6175: Newfoundland and Labrador political contributions made in 2005 ^ Line 54: Credit calculated for line 54 on the Provincial Worksheet (maximum $500) ^ Line 55: Line 52 minus line 54 (if negative, enter "0") ^ Labour sponsored venture capital tax credit Line 56 and line 6176: Enter the credit amount from LSVC Tax Credit Certificate(s) (see line 56 in the forms book) ^ Line 57: Line 55 minus line 56 (if negative, enter "0") ^ Direct equity tax credit Line 58: Enter the direct equity tax credit calculated on Form T1272 ^ Line 59: Line 57 minus line 58 (if negative, enter "0") ^ Newfoundland and Labrador low-income tax reduction If you had a spouse or common-law partner on December 31, 2005, you have to agree on who will claim this tax reduction. Only one of you can claim it for your family. However, any unused amount can be claimed by the other person. Line 60 and line 6186: Unused low-income tax reduction from your spouse or common-law partner, if applicable ^ Line 61: Line 59 minus line 60 (if negative, enter "0") ^ (If you claimed an amount at line 60, enter "0" on line 73.) Line 62 and line 6187: Basic reduction claim $416 ^ Line 63 and line 6188: Reduction for your spouse or common-law partner claim $48 ^ Line 64 and line 6189: Reduction for an eligible dependant claimed on line 5816 claim $48 ^ Line 65: Add lines 62, 63, and 64 (maximum $464) ^ Line 66: Enter your net income from line 236 of your return ^ Line 67: Enter your spouse or common-law partner's net income from page 1 of your return ^ Line 68: Net family income: Add lines 66 and 67 ^ Line 69: If you claimed an amount on lines 63 or 64, enter $19,000, otherwise enter $12,000 ^ Line 70: Line 68 minus line 69 (if negative, enter "0") ^ Line 71: Applicable rate 16% Line 72: Multiply line 70 by line 71 ^ Line 73: Line 65 minus line 72 (if negative, enter "0"). Newfoundland and Labrador low-income tax reduction ^ Line 74: Line 61 minus line 73 (if negative, enter "0"). Newfoundland and Labrador tax ^ Enter this amount on line 428 of your return.