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Creative Computers
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Creative Computers CD-ROM, Volume 1 (Legendary Design Technologies, Inc.)(1994).iso
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mintax3.form
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Text File
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1994-11-17
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4KB
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87 lines
^\`Name: \~ A07_\; S.I.N #: \~ A00_\;
`
`\bGross Minimum amount...................................... \~36 b.AT33_\;
`Subtract: Basic Minimum Tax Credit
` Total non-refundable tax credits........ \~37 b.B57_\;
>from line 350 on T1
` Pension income amount........ \~38 b.B37_\;
>from line 314 on T1
` Disability amount............ \~39 b.B39_\;
>from line 318 on T1
` Tuition/Education Amount..... \~40 b.B42_\;
>from line 324 on T1
` Amts transferred from spouse \~41 b.B43_\;
>from line 326 on T1
` Total Amounts non deductable. \~42 b.AU00_\;
>add lines 38 to 41
` 17% of line 42.......................... \~43 b.AU01_\;
` BASIC MINIMUM TAX CREDIT................ \~44 b.AU02_\; \+2> \~ AU02_\;
>line 37 - line 43
` MINIMUM AMOUNT.......................................... \~45 b.AU03_\;
>line 36 - line 44
`
'\bPART II - CALCULATION OF NET FEDERAL TAX PAYABLE
'Taxable Income \+7\~ E00_\;
'\U \+7\NOn the first \~ E01_\; \`tax is \-\~ E02_\;
'\U \+7\NOn remaining \~ E03_\; \`tax at \~ E04_\; % is \~ E05_\;
` Total Federal Income Tax on Taxable Income \~ E06_\; \+2\~46 b.E07_\;
'\bAdd:\p Tax Adjustments \+4\+9\~47 b.E08_\;
' \+4\+9Total \~48 b.E09_\;
'\bLess: Total Non-Refundable Tax Credits\p \+\+9\~49 b.E10_\;
>from line 360 on T1
'\U \NOverseas Employment Tax Credit \+\+9\~50 b.AU04_\;
'\U \NFederal Dividend Tax Credit \+\+9\~51 b.E11_\;
>from line 502 on Schedule 1
'\U \N Total of above credits \+\+9\~52 b.AU05_\; \~000>.AU05_\;
`
` \bTax Payable before Minimum Tax Carry-over\p \~53 b.AU06_\;
`Subtract: Minimum Tax Carry Over.............................. \~54 b.AV11_\;
>from line 88, Part VIII on page 4
` BASIC FEDERAL TAX \~55 b.AU07_\;
`Add: Surtax - for Income not earned in a province............. \~56 b.AU08_\;
> 52% of Basic Federal Tax (if applicable)
` SUBTOTAL......... \~57 b.AU09_\;
`Subtract: Federal Foreign Tax Credit.......................... \~58 b.AU10_\;
>from form T2209
` FEDERAL TAX...... \~59 b.AU11_\;
<\`
`Subtract: The total of:
` Federal Political Contribution Tax Credit.... \~60 b.D5_\;
>from line 410 of T1
` Investment Tax Credit........................ \~61 b.D6_\;
>from form T2038-IND
` Labour-Sponsored Funds Tax Credit............ \~62 b.D7_\;
>from line 414 of T1 (attach receipts)
` Total of above credits \~63 b.D8_\; \+2> \~ D8_\;
`Federal Tax before Federal Individual Surtax............... \~64 b.AU12_\;
`
`\bPART III - CALCULATION OF SPECIAL FOREIGN TAX CREDIT
`65
`i Foreign non-business income......... \~ AU13_\;
` Add: Foreign business income........ \~ AU14_\;
` Total Foreign Income................ \~ AU15_\; x 17% = \~ AU16_\; A
<\`
`ii Foreign non-business income tax paid \~ AU17_\; x .6667 = \~ AU18_\;
` Add: Foreign business income tax paid.................. \-1\~ AU19_\;
` Foreign taxes paid for special foreign tax credit...... \-1\~ AU20_\; B
<\`
` The lesser of amounts A and B is.... \~ AU21_\; C
` Special Foreign Tax Credit: Greater of Amt C or Line 58 \~66 b.AU22_\;
`
`\bPART IV - OBLIGATION TO PAY MINIMUM TAX
`Minimum Amount from line 45 above........................... \~67 b.AU03_\;
`Less: Special Foreign Tax Credit............................ \~68 b.AU22_\;
>from line 66 above
`Net Minimum Tax Payable..................................... \~69 b.AU23_\;
`Less: Federal Tax....................... \~70 b.AU12_\;
>from line 64 above
` Subtract: Federal Surtax.......... \~71 b.AU08_\;
>from line 56
` Federal Tax Before Surtaxes....... \~72 b.AU24_\; \~000>.AU24_\;
<\`
`Amount by which Minimum Tax exceeds Regular Tax Payable..... \~73 b.AU25_\;
>Line 69 - Line 72.
<\`If zero, you are not subject to Minimum Tax - Attach this
<\`form to your T1 Return and complete as usual.
<\`If line 73 is positive, complete Parts V and VI on page 4