Total Income = line 150 of T1 includes , ~( V. M9 F ]% M* a Employment income line 101-104 # _) [. }3 e- p g Benefits line - 109 & E$ H6 b' n% @, H c/ t8 ]: s" w Div+Interest Income line - 121 3 F* k z* [3 v7 p4 U Company and others line - 149 3 D) p2 s9 @" {; g2 h! U' n% k1 l" P
Taxable income = line 260 of T1 derived from % h: o, |' c6 ELine 150 minus RRSP and all other deduction& }' {: {! [2 d& \
/ I, y- x3 l5 b. D. c" b `6 ZAfter getting line 260 Taxable income, Calculate and you will get line 435 Tax Payable 0 j) h6 x/ y1 b$ i 9 l8 D, l$ Q( S0 ]+ FFollows by all the Tax Credit such as investment credit, CPP EI overpay etc....