T1 General - Nunavut Tax and Credits

This calculator, relevant to Nunavut, comprises 3 steps to calculate the figure for line 428 of your tax return:

Step 1 - Nunavut non-refundable tax credits

Step 2 - Nunavut tax on taxable income

Step 3 - Nunavut tax

Nunavut Tax and Credits

Step 1 - Nunavut non-refundable tax credits
Basic personal amount							claim $12,781		5804		1
Age amount (if born in 1950 or earlier) (use the Territorial Worksheet)							(maximum $9,586)		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")			=					►	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")			=					►	5816	+	4
Amount for infirm dependants age 18 or older (use the Territorial Worksheet)									5820	+	5
Amount for young children less than 6 years of age	Number of Children	6371					x$1,200 =		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 $2,000)		5836	+	11
Caregiver amount (use Territorial Worksheet)									5840	+	12
Disability amount (for self) (Claim $12,781, or if you were under 18 years of age, use the Teritorial Worksheet.)									5844	+	13
Disability amount transferred from a dependant (use the Territorial 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 NU(S11)]									5856	+	16
Tuition and education amounts transferred from a child									5860	+	17
Amounts transferred from your spouse or common-law partner [use and attach Schedule NU(S2)]									5864	+	18
Medical expenses:
Amount from line 330 of your federal Schedule 1					5868			19
Enter $2,208 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 from line 331 of your federal Schedule 1					5872	+		22
Add lines 21 and 22.					5876				►	+	23
Add lines 1 to 18, and line 23.									5880	=	24
Nunavut non-refundable tax credit rate (%)										x	25
Multiply line 24 by line 25.									5884	=	26
Donations and gifts:
Amount from line 345 of your federal Schedule 9				x 4% =				27
Amount from line 347 of your federal Schedule 9				x 11.5% =		+		28
Add lines 27 and 28.					5896	=			►	+	29
Add lines 26 and 29. Enter this amount on line 42.					Nunavut non-refundable tax credits				6150	=	30

Step 2 - Nunavut 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 31.		Line 31 is $42.622 or less		Line 31 is more than $42,622 but not more than $85,243		Line 31 is more than $85,243 but not more than $138,586		Line 31 is more than $138,586
Enter the amount from line 31										32
		-		-		-		-		33
Line 32 minus line 33 (cannot be negative)		=		=		=		=		34
		x	%	x	%	x	%	x	%	35
Multiply line 34 by line 35		=		=		=		=		36
		+		+		+		+		37
Add lines 36 and 37	Nunavut tax on taxable income	=		=		=		=		38

Step 3 - Nunavut tax
Enter your Nunavut tax on taxable income from line 38.							39
Enter your Nunavut tax on split income from Form T1206.					6151	+	•40
Add lines 39 and 40.						=	41
Enter your Nunavut non-refundable tax credits from line 30.					42
Nunavut dividend tax credit: Credit calculated for line 6152 on the Territorial Worksheet		6152	+		•43
Nunavut overseas employment tax credit: Amount from line 426 of your federal Schedule 1	x 45% =	6153	+		•44
Nunavut minimum tax carryover: Amount from line 427 of your federal Schedule 1	x 45% =	6154	+		•45
Add lines 42 to 45.			=		►	-	46
Line 41 minus line 46 (if negative enter "0")						=	47
Nunavut additional tax for minimum tax purposes: Amount from line 117 of Form T691	x 45% =					+	48
Add lines 47 and 48						=	49
Enter the territorial foreign tax credit from Form T2036.						-	50
Line 49 minus line 50 (if negative enter "0")						=	51
Volunteer firefighters' tax credit (tick box to claim)				Claim $563	6229	-	52
Line 51 minus line 52 (if negative, enter "0").Enter the result on line 428 of your return.			Nunavut tax			=	53

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T1 General - Nunavut Tax and Credits