SuperCalc Ver. 1.05 FEDERAL AND ONTARIO INDIVIDUAL INCOME TAX RETURN - T1 GENERAL¸ 4›¨9›4ÌÐ9Ì$"FEDERAL AND ONTARIO INDIVIDUAL INCOME TAX RETURN - T1 GENERALthis form.$"T1 general tax form for 1981 by Bill Wood, Mississauga, Ontario.#"Revised for 1982 by Gary A Porter CGA , Toronto, Ont""*****************************************rst!"IDENTIFICATIONequired schedu "ACC. #m T1"?391 "SIN Line 3"?T1 uses two "NAME:s:othe"?ott Carmichael "Birth Date f"?ME "Address:er d"?ions. "Marital Stat"?992"?*********** "Spouse Name"?en McCoyoy "? !"Spouse SIN82ith U.I.C. rep "? "Postal CodeO "?O INDIVIDUA "Prov. Dec 31 "?992 "OccupationET "?T1 GENERAL "Employer "?$"***********************************************************************#"CALCULATION OF FEDERAL POLITICAL CONTRIBUTION TAX CREDIT""Total federal political contributionsA0043!"Allowable credit`Bu75 "% of first`€C100£IF(E18>E19,(C19*E19)/100,(E18*C19)/100)`DBP50 "% of next`€CE450¤IF(E18>E19+E20,(C20*E20)/100,IF(E18-E19<0,0,((E18-E19)*C20)/100))aB3033.33>E14+E15,(C15* "% exceedingE`€CU550£IF(E18E22,E22,SUM(F19:F21))$"***********************************************************************$"***********************************************************************#"UNEMPLOYMENT INSURANCE BENEFIT REPAYMENT PAYABLE!"Unemployment ins. benefits¡E700!"Benefits repaid in the year@00#"Net unemployment ins. benefits receivedin the year "A>¡F27-F28 "Net income¡D‚GPF101 "Base amountaE'027300 ""Net income in excess of base amount "B> £IF(OR(F27<0,F27=0),0,IF(F31-F32<0,0,F31-F32))"!"Benefits repayable"`B030"!"% A or B whichever lessss"¢IF(F29<0,0,(MIN(F29,F33)*C35)/100)#$"***********************************************************************%$"***********************************************************************&#"CANADA PENSION PLAN CONTRIBUTION ON SELF-EMPLOYED EARNINGS'""Contributory self-employed earnings'A030(#"Contrib. earnings from employ.(C or I of T4)T4) of T4)(A0000)!"Total contributory earnings)¡SUM(E40:E41)*!"Basic CPP exemption of*aD1600+""Earnings subject to contr. (max.)+aE14900+£IF(E42-E43>D44,D44,IF(E42-E43<0,0,E42-E43)),""Contribution ( % earnings )o con.).)r.),`A63.6,¡(E44*D45)/100-""Contributions through employment (form T4)-@09. "Times 2 >.¡E46*2/!"CPP contributions payable/¢IF(F45-F47<0,0,F45-F47)0$"***********************************************************************2#"CALCULATION OF TOTAL INCOME ******************3#"Total earnings from box C on T4 slipsbox C on T4 slipsips3A00574""Commissions box L on T4 slipslips4@05""Other employment income(guide item 3)5A0007!"Total employment earnings7 ' -al employm7¡E52+E54.00 B 9""Employment exp. max.= =x. =9`€CP500:!"3% of emp. earnings =ngs =:€E52*.03.00 B ;!"Employment expense deduction;¡MIN(C58:C59)3110,3110,D107-D108),0)l¡IF(D108<0,0,D109)n""Total claim for wholly dependent childrenn@00o""Additional personal exemptions (schedule 6)-o@0q!"Total personal exemptionsq ' -al personaq¡D5`SUM(E103:E112) B q¡D5`E114s""Net income less Personal exemptionss¡Ä5`F101-F11400 B v!"Standard deductionv`€C100w!"Medical expenseswA00000x!"3% of Net incomex¡.03*F101.00 B y!"Allowable medicaly¢IF(D120C158,C158,(F151*D157)/100)))ž "Federal taxž '-ž¡N/AF151-F158-F156 !"Federal foreign tax credit¡#"Foreign income or profits tax paideige country¡A03.06¢!"Net foreign income¢A053.79¢ " =¢£N/A(C163/(F101+E127+E135))*(F159+F150)£¡N/AMIN(E162:E163)¤!"Feneral tax payable¤ '-0¤¡N/AF159-F164¦!"Ontario income tax¨!"Basic Ontario income tax¨`BH48¨!"% basic federal tax¨¡N/A(F151*C169)/100©""Provincial foreign tax credit (form T2036)©@00ª "Ontario taxª '-ª¡N/AF169-F170¬!"Ontario tax reduction­!"taxable income =­¡Ä6`F137®!"If taxable income is:¯aDD1944¯"" or less reduction is Ontario tax° "Over°aD!62136°!" reduction is zero±""Between the two reduction is calculated =±£N/AIF(D174B177,0,(B177-D174)/2))±¡N/AE178²!"Ontario tax payable² '-²¡N/AF171-F178´$"***********************************************************************¶!"Taxable income¶¡Ä6`F137·!"Federal tax payable·¡N/AF165¸""Federal political contribution¸¡F22¹#"Federal tax payable before business investment tax credit¹¡N/AF184-F185º""Business investment tax creditº@0»#"Federal tax payable before employment tax credit»¡N/AF186-F187¼""Employment tax credit claimed¼@0½!"Net federal tax payable½ '-½¡N/AF188-F189¾!"Ontario tax payable¾¡N/AF179¿$"C.P.P. contribution payable on self-employed earningsyed earnings¿¡F48À""U.I.C. benefit repayment payableÀ¡F35Á!"Total payableÁ '-Á¡N/ASUM(F190:F193)Ã""Tax deducted per information slipsÃA027.77information Ä""Ontario tax credits (guide 68)Ä@0Å""C.P.P. overpayment (guide 19)Å@0Æ""U.I.C. overpayment (guide 20)Æ@0Ç!"Amounts paid by instalmentsÇ@00È""Child tax credit (from shedule 10)È@0É!"Total creditsÉ¡SUM(E196:E201)É¡E202Ê "DifferenceÊ¡N/AF194-F202Ì "RefundÌ¢€N/AIF(F203>0,0,F202-F194)189)Ì "Balance dueÌ¡N/AIF(F203>0,F203,0)Ï$"***********************************************************************Ð$"***********************************************************************Ó!"SUMMARY OF TAXÕ "Total tax ofÕ¡N/AF194Õ " is:Ö¢N/AIF(C214<.01,0,(C214/F82)*100)Ö!" % of total income×¢N/AIF(C214<.01,0,(C214/F101)*100)×!" % of net incomeØ¢N/AIF(C214<.01,0,(C214/F137)*100)Ø!" % of taxable incomeÚ""The tax on the last $1.00 of income=sÚ¢N/A((C146*C169)/100)+C146Ú "%Û""UNUSED FEDERAL TAX REDUCTION IS:Û¡N/A200-F158Ý$"***********************************************************************Þ$"***********************************************************************à""PAGE 1 - PRINT A1:F14 & A51:F82á!"PAGE 2 - PRINT A84:F137â!"PAGE 3 - PRINT A16:F49ã!"PAGE 4 - PRINT A183:F223ä!"SCHEDULE 1 - PRINT A140:F179