Tax on Split Income - 2023 Information T1206
 
 Complete Form T1206 if any of the following applies:
  • you are a specified individual, have split income in the tax year, and the income is not an excluded amount
  • you claimed a reserve on line C of your 2022 Form T1206

You are a specified individual if you were a resident of Canada at the end of the tax year, or in the case of a deceased individual, the individual was a resident of Canada immediately before their death. If you were under 18 years of age at the end of the year, at least one of your parents must have also been a resident of Canada at any time in the year. For excluded amounts and definitions, see below.

Split income
Split income includes the following amounts:

  • taxable dividends on shares of a corporation (other than shares of a class listed on a designated stock exchange and those of a mutual fund corporation), that you received directly or through a partnership or a trust (other than a mutual fund trust)
  • shareholder benefits from the ownership of shares of a corporation (other than shares of a class listed on a designated stock exchange), conferred on you directly, or through a partnership or a trust (other than a mutual fund trust)
    Note
    If you were under 18 years of age at the end of the year, and you realized a taxable capital gain (other than an excluded amount), or received a distribution from a trust that is from a taxable capital gain (other than an excluded amount) of the trust, from a disposition of certain shares directly or indirectly to a person with whom you do not deal at arm's length, then twice the amount will be deemed to be a taxable dividend. Deemed dividends of this kind are considered non-eligible dividends. If this applies to you, fill out the "Dispositions of certain capital property" section of this form.
  • income you received from a partnership or trust (other than a mutual fund trust or a trust relating to a communal organization), if the amount is considered to come directly or indirectly from one of the following:
    • a related business (see the Definition section)
    • from the rental of property by a particular partnership or trust, if a person who is related to you at any time in the tax year:
      • actively participates on a regular basis in the rental property activities of the particular partnership or trust
      • in the case of a particular partnership, has an interest in the partnership, directly or indirectly, through one or more other partnerships
  • income related to a debt obligation (for example interest) that you received from a debtor corporation (other than a mutual fund corporation or a corporation with shares of a class listed on a designated stock exchange), partnership or trust (other than a mutual fund trust), if other amounts (for example dividends) that you received from the debtor would be subject to the TOSI rules.
    However, do not include the amounts received from any of the following debt obligations (an excluded debt obligation):
    • fully exempt interest on certain debts, including debts guaranteed by governments
    • publicly-listed or traded debt
    • a deposit standing to your credit at a bank or credit union
  • a taxable capital gain or a profit you realized from the disposition of a property, or income you received from a trust that is from a taxable capital gain or a profit of the trust from the disposition of property, if the following conditions are met:
    • the amount is not otherwise included in the definition of split income
    • the income from the property would also be split income if you received it
    This applies to a disposition occurring in 2023 and later years for any of the following properties:
    • a share of a corporation (other than a share of a class listed on a designated stock exchange or a share of a mutual fund corporation)
    • an interest in a partnership or as a beneficiary under a trust (other than a mutual fund trust or a trust that relates to certain communal organizations)
    • a debt obligation (other than an excluded debt obligation as described above)
    For property listed above other than shares of a corporation, this rule will only apply if one of the following conditions applies to the property:
    • an amount was included in your split income for this year or a previous year
    • all or part of the fair market value (FMV) of the property immediately before its disposition was derived from a share of a corporation (other than a share of a class listed on a designated stock exchange or a share of a mutual fund corporation)

Excluded amounts
The following amounts will be excluded from your split income:

  • income from a property that was transferred to you because of a separation agreement or judgment resulting from the breakdown of your marriage or common-law partnership
  • taxable capital gains that arose from any of the following:
    • you disposed of qualified farm or fishing property or qualified small business corporation shares, or a taxable capital gain from such property that was realized by a trust was allocated to you as a beneficiary of the trust. This exclusion does not apply to capital gains that are deemed to be taxable dividends
    • there was a deemed disposition of capital property on the death of the taxpayer
  • you were at least 18 years of age at the end of the year and the amount you received is any of the following:
    • not derived, directly or indirectly, from a related business
    • derived, directly or indirectly, from an excluded business
 
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  • you were between 18 and 24 years of age at the end of the year, and the amount you received is any of the following:
    • your safe harbour capital return for the year
    • an amount that represents a reasonable return from your arm's length capital contributions
  • you were under 25 years of age at the end of the year and your income, or your taxable capital gain or profit from the disposition of property, was from a property you inherited from one of the following:
    • your parent
    • anyone else if, during the year, you were enrolled full-time in a post-secondary institution or you were eligible for the disability tax credit
  • you were under 25 years of age at the end of the year, and you received any of the following:
    • income or taxable capital gain from the disposition of excluded shares
    • an amount that represents a reasonable return from a related business
  • income, or taxable capital gain or profit from the disposition of property, if the amount would be an excluded amount of your spouse or common-law partner in one of the following situations:
    • if the amount was included in calculating the income of your spouse's or common-law partner's who was at least 65 years of age at the end of the year
    • if the amount was included in calculating the income in the final return of your spouse or common-law partner who died during the year

For more information, go to canada.ca/cra-income-sprinkling.

Definitions
Arm's length capital
Property of the specified individual, where the property, or property for which it is a substitute, was not:

  • acquired as income from, or a taxable capital gain or profit from the disposition of, another property that was derived directly or indirectly from a related business in respect of the specified individual
  • borrowed by the specified individual under a loan or other deb
  • transferred, directly or indirectly, to the specified individual from a person who was related to the specified individual (other than as a consequence of the death of a person)

Excluded business
An excluded business of a specified individual for a tax year means a business in which the individual is actively engaged on a regular, continuous and substantial basis in the business activities during the year, or in any five previous years (five-year test). However, gains from the disposition of property will be an excluded amount because of the excluded business exception only if the individual satisfies the five-year test.
If the individual works in the business an average 20 hours per week or more during the portion of the year that the business operates, he is considered to have met the excluded business exception in the tax year. A specified individual does not need to work every week that the business operates in a year in order to satisfy the condition for the year. For example, the test would be satisfied if the specified individual works 30 hours per week for 20 weeks for a business that operates 25 weeks per year.

Excluded shares
Excluded shares of a specified individual are shares of the capital stock of a corporation that are owned by the individual if all of the following conditions are met:
  • less than 90% of the business income of the corporation, for the corporation's last tax year before that time, is from the provision of services
  • the corporation is not a professional corporation that carries on the professional practice of an accountant, dentist, lawyer, medical doctor, veterinarian or chiropractor
  • the specified individual owns 10% or more of shares of the capital stock of the corporation, determined by reference to their FMV relative to all of the issued and outstanding shares of the capital stock of the corporation, and to the votes that could be cast at an annual meeting of the shareholders of the corporation
  • the income of the corporation for the corporation's last tax year is not derived directly or indirectly from another related business in respect of the specified individual, other than a business of the corporation

Reasonable return
A particular amount derived directly or indirectly from a related business in respect of the specified individual that satisfies both of the following criteria:
  • the amount would be an amount defined under "split income", on page 1, in respect of the specified individual for a tax year, if the following excluded amounts are not considered:
    • the specified individual was between 18 and 24 years of age at the end of the year, and received an amount that represents a reasonable return in respect of their arm's length capital contributions
    • the specified individual was at least 25 years of age at the end of the year, and received an amount that represents a reasonable return from a related business
  • the amount is reasonable considering the relative contributions to the related business that were made by the specified individual, and each source individual in respect of the specified individual, having regard to the following factors:
    • the work they performed in support of the related business
    • the property they contributed, directly or indirectly, in support of the related business
    • the risks they assumed in respect of the related business
    • the total of all amounts that were paid or that became payable, directly or indirectly, by any person or partnership to, or for the benefit of them, in respect of the related business
 
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Related business
A business will be a related business in respect of a specified individual for a tax year, if a source individual (see definition below) in respect of the specified individual is sufficiently connected to the business. This applies to one or more of the following situations:
  • a business that is carried on by a source individual, in respect of the specified individual or by a partnership, corporation or trust, if a source individual in respect of the specified individual is actively engaged in the business
  • a business of a particular partnership, if a source individual in respect of the specified individual has an interest, directly or indirectly, in the partnership
  • a business of a corporation, if both of the following conditions are met:
    • a source individual in respect of the specified individual, owns shares of the capital stock of the corporation or property that derives, directly or indirectly, all or part of its FMV from shares of that capital stock
    • the total FMV of the shares property described above that is owned by the source individual equals at least 10% of the total FMV of all of the issued and outstanding shares of the capital stock of the corporation

Safe harbour capital return
A return up to a prescribed rate based upon the FMV of property contributed by the specified individual in support of a related business (pro-rated according to the number of days in the year that the property, or property substituted for it, is used in support of the related business). The highest prescribed rate of interest in effect for a quarter in the year is to be used.

Source individual
An individual (other than a trust) who, at any time in a year, is both resident in Canada and related to the specified individual.

TOSI-adjusted net income
Certain federal, provincial, and territorial amounts claimable by you, or by another person in respect of you, are calculated using your net income. As a specified individual, the amount that you include as a deduction at line 23200 of your return in respect of your split income must be added back to your net income for the purpose of calculating these amounts.
You can calculate your net income as adjusted for the split income deduction in Part 1 of this form. You will use the TOSI-adjusted net income from line 6 to calculate the amounts listed in the note in Part 1. In addition, your TOSI-adjusted net income will be used in place of your net income by a person claiming the amounts shown in Chart A below:

Chart A - Federal, provincial, and territorial amounts that apply to anyone claiming an amount for the taxpayer
Amount Lines where the TOSI-adjusted net income of the specified individual is to be used
Spouse or common-law partner amountLine 30300 of the return
Line 58120 of Form 428 for all provinces and territories
Canada caregiver amount for spouse or common-law partner, or eligible dependant age 18 or olderLine 30425 of the return
Line 58170 of Form YT428 for Yukon
Amount for an eligible dependantLine 30400 of the return
Line 58160 of Form 428 for all provinces and territories
Other caregiver amountsLine 30450 of the return
Line 58175 of Form BC428 for British Columbia
Line 58180 of Form YT428 for Yukon
Line 58185 of Form ON428 for Ontario (use at line 2 of Worksheet ON428 for line 58185)
Lines 58200 and 58400 of Form 428 for all provinces and territories, except British Columbia, Ontario and Yukon (use at line 2 of your provincial or territorial worksheet for lines 58200 and 58400)
Refundable medical expenses supplementLine 45200 of the federal return (use at line 2 of your Worksheet for the return for line 45200)
Canada workers benefit (CWB)Line 45300 of the federal return (use at column 2 of line 9 on Schedule 6)
Low-income tax reductionColumn 2 of line 68 of Form NB428 for New Brunswick
Column 2 of line 70 of Form PE428 for Prince Edward Island
Column 2 of line 81 of Form NL428 for Newfoundland and Labrador
Sales tax creditColumn 2 of line 1 of Form BC479 for British Columbia
Childcare access and relief from expenses tax creditColumn 2 of line 1 of Schedule ON479-A for Ontario
Low-income individuals and families tax creditLine 21 of Schedule ON428-A, Part B for Ontario
Active families benefitColumn 2 of line 1 of Form SK479 for Saskatchewan
Family incomeColumn 2 of line 1 of Form MB479 for Manitoba
Seniors care at home tax creditLine 6 of Form ON479 for Ontario


This TOSI-adjusted net income will also be used in the calculation of your or your spouse's or common-law partner's:
   
  • GST/HST credit and Canada child benefit
  • Child benefit for New Brunswick, Newfoundland and Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, and Yukon
  • Alberta child and family benefit
  • British Columbia child opportunity benefit
  • British Columbia climate action tax credit
  • New Brunswick harmonized sales tax credit
  • Newfoundland and Labrador income supplement
  • Nova Scotia affordable living tax credit
  • Ontario Trillium Benefit
  • Ontario senior homeowners' property tax grant
  • Prince Edward Island sales tax credit
  • Saskatchewan low-income tax credit
 
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TOSI-adjusted taxable income
Certain federal, provincial, and territorial amounts claimable by you, or by another person in respect of you, are calculated using your taxable income. As an individual subject to TOSI, the amount that you calculate at line 8A of this form must be added for the purpose of calculating these amounts.
  • If you are completing a federal Schedule 11, calculate line 8A and add it to the amount for line 11 of Schedule 11.
  • With the exception of Ontario, if you are completing a provincial or territorial Schedule (S11), add the amount from line 33C of this form to Schedule (S11) at the line outlined in Column 10 of Chart C below, for the applicable province or territory.
  • If you have unused amounts that you are transferring to another person, they will use line 8A and line 33C as directed in Chart B below.


Chart B - Amounts that apply to anyone claiming an amount for the taxpayer
Amount TOSI-adjusted taxable income applies instead of taxable income for the specified individual
Disability amount transferred from a dependant Add the amount from line 8A of this form to line 11 of line 31800 on the Federal Worksheet.

Add the amount from line 33C of this form to line 10 of line 58480 on the worksheet for the applicable province or territory, except for Yukon.
Note: For Yukon, you need to use the Federal Worksheet. Use the amount from line 33C (instead of line 8A) at line 11 of line 31800 on the Federal Worksheet to calculate the amount to enter at line 58480 of Form YT428 or Form YT428MJ.
Amounts transferred from your spouse or common-law partner Add the amount from line 8A of this form to line 7 of the Federal Schedule 2.

Add the amount from line 33C of this form to Schedule (S2) at the line outlined in Column 9 of Chart C below, for the applicable province or territory.


Chart C - Use the information in the following chart to complete Part 3 of Form T1206
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10
Province or territory High tax rate Low tax rate Enter the amount from line 33 on: Eligible dividend tax credit rate Dividend other than eligible dividend tax credit rate Provincial or territorial foreign tax credit from: Enter on line 51 the amount from: Taxable income from Schedule 2 Taxable income from Schedule 11
AB15%10%Line 53 of Form AB4288.12%2.18%Line 62 of Form AB428Line 66 of Form AB428Line 5 of Form AB(S2)Line 2 of Form AB(S11)
BC20.5%5.06%Line 62 of Form BC42812%1.96%Line 71 of Form BC428Line 91 of Form BC428Line 6 of Form BC(S2)Line 4 of Form BC(S11)
MB17.4%10.8%Line 59 of Form MB4288%0.7835%Line 73 of Form MB428Line 82 of Form MB428Line 6 of Form MB(S2)Line 7 of Form MB(S11)
NB19.5%9.4%Line 53 of Form NB42814%2.75%Line 64 of Form NB428Line 95 of Form NB428Line 6 of Form NB(S2)Line 4 of Form NB(S11)
NL21.8%8.7%Line 64 of Form NL4286.3%3.2%Line 73 of Form NL428Line 105 of Form NL428Line 6 of Form NL(S2)Line 7 of Form NL(S11)
NS21%8.79%Line 50 of Form NS4288.85%2.99%Line 59 of Form NS428Line 95 of Form NS428Line 6 of Form NS(S2)Line 7 of Form NS(S11)
NT14.05%5.9%Line 53 of Form NT42811.5%6%Line 62 of Form NT428Line 66 of Form NT428Line 6 of Form NT(S2)Line 7 of Form NT(S11)
NU11.5%4%Line 54 of Form NU4285.51%2.61%Line 63 of Form NU428Line 66 of Form NU428Line 7 of Form NU(S2)Line 11 of Form NU(S11)
ON20.53%5.05%Line 54 of Form ON42810%2.9863%Line 82 of Form ON428Line 88 of Form ON428Line 5 of Form ON(S2)Not applicable
PE16.7%9.8%Line 56 of Form PE42810.5%1.3%Line 91 of Form PE428Line 99 of Form PE428Line 6 of Form PE(S2)Line 7 of Form PE(S11)
SK14.5%10.5%Line 60 of Form SK42811%2.105%Line 69 of Form SK428Line 81 of Form SK428Line 7 of Form SK(S2)Line 2 of Form SK(S11)
YT15%6.4%Line 51 of Form YT42812.02%0.67%Line 61 of Form YT428Line 79 of Form YT428Line 7 of Form YT(S2)Line 6 of Form YT(S11)
 
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Tax on Split Income - 2023 T1206
 
 Before you complete this form, read the attached information section. Attach this form to your return.  
  
Dispositions of certain capital property -shares subject to tax on split income (TOSI)

Complete this part if you (or a trust of which you are the beneficiary) disposed of shares to a person with whom you do not deal at arm's length, and the dividends on such shares would be subject to TOSI.

Capital gain on dispositions in 2023  A 
Amount of 2022 reserve (from line C of Form T1206 for 2022)    B 
Amount of 2023 reserve (calculated below) -  C 
Line B minus line C (if negative, show in brackets) = +  D 
Line A plus line D Net capital gain =  E 
Gains from box 21 of T3 slip (relating to dispositions in 2023) +  F 
Line E plus line F =  G 
 
If you were under 18 years of age at the end of the year, the amount at line G is deemed to be a dividend (other than eligible dividend). Multiply the amount on line G by 1.15 and include this amount under "Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations" on the worksheet for your return, and on lines 12000 and 12010 of your return. In addition, enter this amount on lines 1 and 2 as indicated in Part 1 of this form. Do not include this amount on Schedule 3.
 
If you were 18 years of age or older in 2023, enter the amount from line G on the applicable line(s) of Schedule 3. In addition, enter 50% of the amount from line G on line 3 in Part 1 of this form.
                     
Calculation of reserve
Complete this calculation and include the total amount of your 2023 reserve on line C above.
You can claim a reserve up to a maximum of four years for each disposition.
Your reserve in each year cannot be more than the lesser of the following two calculations (use a separate sheet of paper for multiple dispositions):
(i) Capital gain   X   Amount payable after the end of the year
Proceeds of disposition
(ii) Capital gain   X       %  (Applicable percentage for year of sale or year after sale) (see below)
                     
Year of sale Year after the sale
80% 1st year: 60%;    2nd year: 40%;    3rd year: 20%;    4th year: 0%
 
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Part 1 - TOSI-adjusted net income
 
The part of the taxable amount of dividends (eligible and other than eligible) described in the information section received from taxable Canadian corporations 68330  1 
The part of the taxable amount of dividends other than eligible dividends, included on line 1, from taxable Canadian corporations 68340  2 
All other split income (see the definition in the information section) +  3 
Total split income:
Add lines 1 and 3		 Enter this amount on line 23200 of your return. 68360 =  4 
 
Net income from line 23600 of your tax return +  5 
TOSI-adjusted net income:
Add lines 4 and 5 (See note below)		 =  6 
                           
Note
Use the TOSI-adjusted net income from line 6 of this form in place of your net income from line 23600 to calculate the federal amounts amount you can claim, if applicable, for:
  • the basic personal amount on line 30000 of your return (use line 6 of this form at line 3 of your Federal worksheet for line 30000)
  • the age amount on line 30100 of your return (use line 6 of this form at line 2 of your Federal worksheet for line 30100)
  • the refundable medical expenses supplement on line 45200 of your tax return (use line 6 of this form at line 1 of your Federal worksheet for line 45200)
  • the canada workers benefit (CWB) on line 45300 of your tax return (use line 6 of this form at line 9 of column 1 of Schedule 6)
 
 Also, add the amount from line 4 of this form to line 6 of your Federal worksheet in the calculation of the social benefits repayment for the calculation of lines 23500 and 42200 of your tax return, if applicable.
 
 Use the TOSI-adjusted net income from line 6 of this form in place of your net income from line 23600 to calculate the provincial and territorial amounts amount you can claim, if applicable, for::
  • the age amount on line 58080 of Form 428 for all provinces and territories except for Newfoundland and Labrador and Nova Scotia
    (use line 6 of this form at line 2 of your provincial or territorial worksheet for line 58080)
  • the low income tax reductions on Form 428 for New Brunswick (use line 6 of this form at column 1 of line 68 of Form NB428), for Prince Edward Island (use line 6 of this form at column 1 of line 70 of Form PE428), for British Columbia (use line 6 of this form at line 74 of Form BC428), and for Newfoundland and Labrador (use line 6 of this form at column 1 of line 87 of Form NL428)
  • the sales tax credit and the British Columbia renter's tax credit on Form BC479 for British Columbia (use line 6 of this form at column 1 of line 1 of Form BC479)
  • the Childcare access and relief from expenses tax credit for Ontario (use line 6 of this form at column 1 of line 1 of Schedule ON479-A)
  • the Low-income individuals and families tax credit for Ontario (use line 6 of this form at line 6 of Schedule ON428-A)
  • Saskatchewan active families benefit (use line 6 of this form at column 1 of line 1 of Form SK479)
  • The Ontario seniors care at home tax credit (Line 8 of Form ON479)
  • The Family income for Manitoba (Column 1 of line 1 of Form MB479)
 
 For more information and further instructions, see "TOSI-adjusted net income" in the information section.
 
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Part 2 - Federal tax on split income
 
Calculation of line 42000 of the return
 
Total split income from line 4  7 
Multiply the amount on line 7 by 33%.
Enter this amount on line 40424 of your return		 Federal tax on split income  8 
 
TOSI-adjusted taxable income
                     
Amount from line 8 ÷ 15% =  8A 
Use the amount from line 8A in place of taxable income for certain amounts. For more information, see
"TOSI-adjusted taxable income" in the information section.
 
 
Amount from line 41500 of your return +  9 
Line 8 plus line 9 =  10 
 
Federal disability tax credit
Amount from line 31600 of your return  11 
Amount from line 31800 of your return +  12 
Line 11 plus line 12 =  13  x 15% = =   -  14 
Line 10 minus line 14 =  15 
 
Federal dividend tax credit on split income
Amount from line 1 of Part 1  16 
Amount from line 2 of Part 1 -  17  x 9.0301% =  19 
Line 16 minus line 17 (if negative, enter "0") =  18  x 15.0198% = +  20 
Line 19 plus line 20 =   -  21 
Line 15 minus line 21 =  22 
 
Note
If the amount on line 22 is more than the amount on line 42900 of your return, use the amount on line 22 instead of the amount on line 42900 of your return when you calculate the refundable Quebec or Yukon First Nations abatement and the federal surtax on income earned outside Canada.
                           
Federal foreign tax credit on split income
The part of the amount on line 3 that is from foreign sources 68370 X Amount from line 40500 = -  23 
Total income from foreign sources 68380 of your return
 
Line 22 minus line 23 (if negative, enter "0") =  24 
 
Amount from line 40600 of your return  25 
Amount from line 41600 of your return -  26 
Line 25 minus line 26 (if negative, enter "0") =  27 
Amount from line 41500 of your return +  28 
Add lines 27 and 28 =  29 
 
Enter whichever is more: the amount form line 24 or the amount from line 29.  30 
 
Add the amount from line 30 to the amount from line 41800 of your return, and enter the result on line 42000 of your return.

 
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Part 3 - Provincial or territorial tax payable by an individual with split income
Provincial or territorial tax on split income
Total split income from line 4  31 
Tax rate that applies to your province or territory from column 2 in Chart C of the information section x  32 
Multiply the amount on line 31 by the tax rate your entered on line 32.
Enter this amount on the line of your Form 428 shown in column 4 in Chart C of the information section.		 =  33 
 
 
TOSI-adjusted taxable income
                     
Amount from line 33  33A 
Tax rate that applies to your province or territory from column 3 in Chart C of the information section ÷  33B 
Divide the amount on line 33A by the tax rate you entered on line 33B =  33C 
Use the amount from line 33C in place of taxable income for certain amounts. For more information, see
"TOSI-adjusted taxable income" in the information section.
 
 
Calculation of line 42800 of your return
 
Provincial or territorial disability tax credit (DTC)
DTC from line 58440 of your provincial or territorial Form 428  34 
DTC transferred from a dependant from line 58480 of your provincial or territorial Form 428 +  35 
Add lines 34 and 35 =  36 
Tax rate that applies to your province or territory from column 3 in Chart C of the information section x  37 
Multiply the amount on line 36 by the tax rate you entered on line 37 =   -  38 
Line 33 minus line 38 =  39 
 
Provincial/territorial dividend tax credit on split income for eligible dividends and dividends other than eligible dividends
Amount from line 18  40 
Eligible dividend tax credit rate that applies to your province or territory from column 5 in Chart C of the information section x  41 
Multiply the amount on line 40 by the rate on line 41 =    42 
Amount from line 17  43 
Dividend other than eligible dividend tax credit rate that applies to your province or territory from column 6 in Chart C of the information section x  44 
Multiply the amount on line 43 by the rate on line 44 =   +  45 
Add lines 42 and 45 =   -  46 
Line 39 minus line 46 =  47 
                           
Provincial or territorial foreign tax credit on split income
Amount from line 47  48 
 
The part of the amount from line 68370 of this form that is non-business income X Amount from the line number of your Form 428 shown in = -  49 
The part of the amount from line 68380 of this form that is non-business income column 7 in Chart C of the information section
 
Line 48 minus line 49 =  50 
Amount from the line number of your Form 428 shown in column 8 of Chart C of the information section  51 
Enter the amount from line 50 or line 51, whichever is greater.
Enter the amount from line 52 on line 42800 of your return.(1)		  52 
                     
(1) If you were a resident of Ontario, enter this amount on line 88 of Form ON428 and complete the remaining lines of that form.