Nunavut Credits NU479
T1 General - 2023

You can claim these refundable tax credits even if you do not have to pay any tax. If it is more than the taxes you have to pay, you may get a refund for the difference.

Complete the calculations that apply to you and attach a copy of this form to your return.

For more information about these credits, go to canada.ca/nu-tax-info.

               

Cost of living tax credit

Adjusted net income
Enter your net income from line 23600 of your return  1 
Enter the amount you claimed on line 24400 and line 25000 of your return -  2 
Line 1 minus line 2 (if negative, enter "0") =  3 
Enter the amount you claimed for foreign income on line 25600 of your return that is exempt under a tax treaty 62450 -  4 
Line 3 minus line 4 (if negative, enter "0") Adjusted net income =  5 
 

Basic credit
Enter the amount from line 5  6 
Applicable rate x  7 
Multiply line 6 by line 7 Basic credit
(maximum $1,500) 		 =    •8 
 
Cost of living supplement for single parents (Claim?   Yes  No)
 
You can claim the supplement if you were a single parent at any time in 2023 and your adjusted net income (line 5) is more than $60,000.
 
Enter the amount from line 5  9 
Base amount -  10 
Line 9 minus line 10 (if negative, enter "0") =  11 
Applicable rate x  12 
Line 11 multiplied by the percentage from line 12 Cost of living supplement
(maximum $255.12) 		 63940 =    13 
Add line 8 and line 13 Total cost of living tax credit  63990  •14 
 

Political contribution tax credit
Nunavut political contributions made in 2023 63991  15 
 
Credit calculated for line 16 on the Territorial Worksheet (maximum $500)  16 
 
Enter your Nunavut tax from line 42800 of your return  17 
Amount from line 14 -  18 
Line 17 minus line 18 (if negative, enter "0") =  19 
Enter whichever is less:
the amount from line 16 or line 19		 Political contribution tax credit  +  20 
Line 14 plus line 20
Enter the result on line 47900 of your return.		 Nunavut credits  =  21