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Creative Computers CD-ROM, Volume 1 (Legendary Design Technologies, Inc.)(1994).iso
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mintax4.form
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1994-11-17
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4KB
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84 lines
^\`Name: \~ A07_\; S.I.N #: \~ A00_\;
`
`\bPART V - BASIC FEDERAL TAX FOR THE YEAR
`The greater of:
`Basic Federal Tax \~55 b.AU07_\; and the Minimum Amount \~45 b.AU03_\;
`BASIC FEDERAL TAX FOR THE YEAR: the greater of above 2 amts \~74 b.AV00_\;
`
`\bPART VI - CALCULATION OF FEDERAL TAX PAYABLE (MINIMUM TAX)
`Net Minimum Tax Payable from line 69.......................... \~75 b.AU23_\;
`Add: Surtax for income not earned in a province............. \~76 b.AV01_\;
>(if applicable) 52% of Line 74 or amount from Part II of form T691A
`FEDERAL TAX BEFORE FEDERAL INDIVIDUAL SURTAX.................. \~77 b.AV02_\;
>YOU ENTER THIS AMOUNT AT LINE 417 ON PAGE 4 OF YOUR T1 RETURN
<\'\bENTER THIS AMOUNT AT LINE 417 ON PAGE 4 OF YOUR T1 RETURN
`
`\bPART VII - CALCULATION OF ADDITIONAL TAXES PAID FOR MINIMUM TAX CARRY-OVER
`Minimum Amount................................................ \~78 b.AU03_\;
>from line 45
`Subtract: The Total of:
` i Basic Federal Tax (from line 55)..................\~79 b.AU07_\;
`ii Special Foreign Tax Credit \~ AU22_\;
>from line 66
` Less: Fed Foreign Tax Cr.. \~ AU10_\;
>from line 58
` SubTotal.................. \~ AV03_\; x \~ AU20_\; / \~ AV04_\;
>Non-Business Foreign Income Tax Paid plus Foreign Business Income Tax Paid
` Total.......................................... = \~80 b.AV05_\;
>YOU WILL HAVE TO CALCULATE THIS VALUE
` Line 79 + Line 80................................ \~81 b.AV06_\;
`ADDITIONAL TAXES FOR CARRY-OVER TO SUBSEQUENT TAXATION YEAR... \~82 b.AV07_\;
>Line 78 - Line 81
`
`\bPART VIII - APPLICATION OF MINIMUM TAX CARRY-OVER FROM PRIOR YEARS
`* Complete only if you have a minimum tax Carry-Over from other years
`Minimum Tax Carry-Over from prior years (1986 to 1989)..... \~83 b.AV08_\;
`i Tax payable before Minimum Tax Carry-Over \~84 b.AU06_\;
>from line 53
` Less: Minimum Amount..................... \~85 b.AU03_\;
>from line 45
` Maximum Carry-Over which can be applied... \~86 b.AV09_\;
>in 1990
`ii Minimum Tax Carry-Over from prior years... \~87 b.AV10_\;
>(1986 to 1989)
`Minimum Tax Carry-Over Applied in 1990..................... \~88 b.AV11_\;
>no to exceed the lesser of lines 86 and 87
'\bEnter this amount on line 504 on Schedule 1 of the T1 Return
`
`Carry-Over Available for Subsequent Taxation Years......... \~89 b.AV12_\;
>line 83 minus line 88
`Add: Additional 1990 taxes for Carry-Over................. \~90 b.AV13_\;
>to subsequent taxation years (from line 82 above)
`TOTAL MINIMUM TAX CARRY-OVER AVAILABLE FOR SUBSEQUENT YEARS \~91 b.AV14_\;
`
`\bPART IX - CALCULATION OF NET NON-DEDUCTABLE CAPITAL LOSSES
`
`* complete only if you have capital losses from other years
`
`Total Capital Gains reported at line 539.................... \~92 b.AV15_\;
`Pre-1985 unapplied net capital loss \~ AV16_\; x3/2= \~93 b.AV17_\;
`1986 &87 unapplied net capital loss \~ AV18_\; x 2 = \~94 b.AV19_\;
`1988 &89 unapplied net capital loss \~ AV20_\; x3/2= \~95 b.AV21_\;
`Total unapplied net capital losses.......................... \~96 b.AV22_\;
>Total of lines 93 to 95
`Adjusted cap losses of other years applied against gains \~97 b.AV23_\; A
>enter lesser of line 92 and line 96
`Unapplied net captl\-1 loss incurred before May 23 1985 \~98 b.AV24_\;
`88 & 89 Capital Gains Deduction \~ AV25_\; x3/4 \+5\~99 b.AV26_\;
>2claimed in 1988 and 1989
`Capital Gains Deduction claimed before 1988 \+4\~100b.AV27_\;
`Total Capital Gains Deduction claimed.............\-2... \~101b.AV28_\;
>line 99 plus line 100
`Pre-1986 capital loss balance for 1990............\-2... \~102b.AV29_\;
>line 98 minus line 101
`Pre-1986 unapplied losses available.\~ AV30_\; x2/3= \~103b.AV31_\;
>2against other income. Line 93 - Line 97
`Enter the least of $2000, line 102 and line 103............. \~104b.AV32_\; B
`Adjusted capital losses of minimum tax purposes............. \~105b.AV33_\;
>amount A plus amount B
`Net capital losses of other years........................... \~106b.AV34_\;
>FROM LINE 253 on T1
`Net non-deductable capital losses........................... \~107b.AV35_\;
>line 105 - line 106. Entered at LINE 27 in PART I.
`