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T1 General - 2015

Nova Scotia Tax and Credits NS428

Nova Scotia Tax and Credits
Step 1 - Nova Scotia non-refundable tax credits
Basic personal amountclaim $8,48158041
Age amount (if born in 1950 or earlier) (use the Provincial Worksheet)(maximum $4,141)5808+2
Spouse or common-law partner amount
Base amount
Minus: his or her net income from page 1 of your return-
Result: (if negative, enter "0")= (maximum $8,481)5812+3
Amount for an eligible dependant
Base amount
Minus: his or her net income from page 1 of your return-
Result: (if negative, enter "0")= (maximum $8,481)5816+4
Amount for infirm dependants age 18 or older (use the Provincial Worksheet)5820+5
Amount for young children
Number of eligible months (Complete the table below calculator)6372x $100 =5823+6
CPP or QPP contributions:
(amount from line 308 of your federal Schedule 1)5824+•7
(amount from line 310 of your federal Schedule 1)5828+•8
Employment insurance premiums:
(amount from line 312 of your federal Schedule 1)5832+•9
(amount from line 317 of your federal Schedule 1)5829+•10
Pension income amount(maximum $1,173)5836+11
Caregiver amount (use Provincial Worksheet)5840+12
Disability amount (for self) (Claim $7,341, or if you were under 18 years of age, use the Provincial Worksheet.)5844+13
Disability amount transferred from a dependant (use the Provincial Worksheet)5848+14
Interest paid on your student loans (amount from line 319 of your federal Schedule 1)5852+15
Your tuition and education amounts [use and attach Schedule NS(S11)]5856+16
Tuition and education amounts transferred from a child5860+17
Amounts transferred from your spouse or common-law partner [use and attach Schedule NS(S2)]5864+18
Medical expenses:
Amount from line 330 of your federal Schedule 1586819
Enter $1,637 or 3% of line 236 of your return, whichever is less.-20
Line 19 minus line 20 (if negative, enter "0")=21
Allowable amount of medical expenses for other dependants (use the Provincial Worksheet)5872+22
Add lines 21 and 22.5876+23
Add lines 1 to 18, and line 23.5880=24
Nova Scotia non-refundable tax credit rate (%)x25
Multiply line 24 by line 25.5884=26
Donations and gifts:
Amount from line 345 of your federal Schedule 9x 8.79% =27
Amount from line 347 of your federal Schedule 9x 21% =+28
Add lines 27 and 28.5896=+29
Add lines 26 and 29. Enter this amount on line 42.Nova Scotia non-refundable tax credits6150=30
Step 2 - Nova Scotia tax on taxable income
Enter your taxable income from line 260 of your return.31
Complete the appropriate column depending on the amount on line 36.Line 31 is $29,590 or lessLine 31 is more than $29,590 but not more than $59,180Line 31 is more than $59,180 but not more than $93,000Line 31 is more than $93,000 but not more than $150,000Line 31 is more than $150,000
Enter the amount from line 3132
-----33
Line 32 minus line 33 (cannot be negative)=====34
xxxxx35
Multiply line 34 by line 35=====36
+++++37
Add lines 36 and 37=====38
Step 3 - Nova Scotia tax
Enter your Nova Scotia tax on taxable income from line 38.39
Enter your Newfoundland and Labrador tax on split income from Form T1206.6151+•40
Add lines 39 and 40.=41
Enter your Nova Scotia non-refundable tax credits from line 30.42
Nova Scotia dividend tax credit: dividend tax credit: Credit calculated for line 6152 on the Provincial Worksheet6152+•43
Nova Scotia overseas employment tax credit: Amount from line 426 of your federal Schedule 1x 57.5% =6153+•44
Nova Scotia minimum tax carryover: Amount from line 427 of your federal Schedule 1x 57.5% =6154+•45
Add lines 42 to 45.=-46
Line 41 minus line 46 (if negative, enter "0")=47
Nova Scotia additional tax for minimum tax purposes: Amount from line 117 of Form T691x 57.5% = +48
Add lines 47 and 48.=49
Enter the provincial foreign tax credit from Form T2036.-50
Line 49 minus line 50 (if negative, enter "0")=51
Adjusted family income for the calculation of the Newfoundland and Labrador low-income tax reduction
Column 1 - YouColumn 2 - Your spouse or common-law partner
Enter the net income amount from line 236 of the return.5252
Total of the universal child care benefit (UCCB) repayment (line 213 of the return) and the registered disability savings plan (RDSP) income repayment (included on line 232)+53+53
Add lines 52 and 53.=54=54
Total of the UCCB income (line 117 of the return) and the RDSP income (line 125 of the return)-55-55
Line 54 minus line 55 (if negative, enter "0")=5656
Add the amounts on line 56 in column 1 and column 2, if applicable. Enter the result on line 65 below.Adjusted family income57
Step 3 - Nova Scotia tax (continued)
Enter the amount from line 51 above.58
Basic reductionclaim $300619559
Reduction for your spouse or common-law partnerclaim $3006197+60
Reduction for an eligible dependant claimed on line 5816claim $3006199+61
Add lines 59 to 61.(maximum $600)=62
Reduction for dependent children born in 1997 or later:
Number of dependent children: (do not include a child claimed on line 61)6099x $165 =+63
Add lines 62 and 63=64
Adjusted family income.
Enter the amount from line 57 above.65
Base amount-66
Line 65 minus line 66 (if negative, enter "0")=67
Applicable Rate (%)x68
Multiply line 67 by line 68.=-69
Line 64 minus line 69 (if negative, enter "0")Nova Scotia low-income tax reduction=-70
Line 58 minus line 70 (if negative enter "0")=71
Political contribution tax credit
Nova Scotia political contributions made in 20156210x 75% = (Max. $750)-72
Line 71 minus line 72 (if negative, enter "0")=73
Labour-sponsored venture capital tax credit
Cost of shares from Form NSLSVx 20% = (Max. $2,000)6238-•74
Line 73 minus line 74 (if negative, enter "0")=75
Equity tax credit
Enter the equity tax credit calculated on Form T1285.-76
Line 75 minus line 76 (if negative, enter "0")=77
Age tax credit
(If born in 1950 or earlier and your taxable income is less than $24,000)claim $1,000-78
Line 77 minus line 78 (if negative, enter "0") Enter this result on line 428 of your return.Nova Scotia tax=79
Nova Scotia volunteer firefighters and ground search and rescue tax credit
Volunteer firefighters and ground search and rescue tax credit. Enter this amount on line 479 of your return.claim $500622880
Details of amount for young children
No.Child's NameRelationship to youDate of BirthNumber of Eligible Months
1
2+
3+
4+
5+
6+
7+
8+
9+
10+
Total number of eligible months for all children. Enter this amount beside box 6372 on line 6.

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