T1-2023

Ontario Worksheet

Keep this worksheet for your records. Do not attach it to your return. Line 58080 - Age amount   Maximum amount    1  Amount from line 23600 of your return    2  Income threshold   -  3  Line 2 minus line 3 (if negative, enter "0")   =  4  Applicable rate   x  5  Multiply line 4 by line 5   =   -  6  Line 1 minus line 6 (if negative, enter "0")   =  7                              Line 61520 - Ontario dividend tax credit   Calculate the amount to enter on line 61520 of Form ON428 by completing one of the following calculations:                           • If you entered an amount on line 12000 of your return but no amount on line 12010, complete the following:   Amount from line 12000 of your return     x         Enter this amount on line 61520 of Form ON428.   • If you entered amounts on lines 12000 and 12010 of your return, complete the following:   Amount from line 12000 of your return      A    Amount from line 12010 of your return   -  B  x      1    Line A minus line B   =  C  x   +  2    Line 1 plus line 2   =  3    Enter the amount from line 3 on line 61520 of your Form ON428.   Ontario political contribution tax credit   Enter your total political contributions reported on Form ON479    1              Use the amount on line 1 to decide which column to complete. If line 1 is $465 or less If line 1 is more than $465, but not more than $1,552 If line 1 is more than $1,552, but not more than $3,531 If line 1 is more than $3,531   Amount from line 1  2  - - - -  3  Line 2 minus line 3 (cannot be negative) = = = =  4  x x x x  5  Multiply line 4 by line 5. = = = =  6  + + + +  7  Add lines 6 and 7. = = = =  8                        Amount from line 8 Enter this amount on the line "Ontario political contribution tax credit" on Form ON479.