Total Income = line 150 of T1 includes1 Q4 \% N: W+ U0 b6 r# @
Employment income line 101-104. ^9 [$ x" B! d3 K$ Y
Benefits line - 1099 } p% l( t) f, Q4 y+ n! ~
Div+Interest Income line - 121' g5 ]6 K# g* e! ^ x
Company and others line - 1497 t% V c# e" P' Q
! `3 {. o' K5 Z/ r1 U' L4 a
Taxable income = line 260 of T1 derived from0 `3 g: b, C+ \; [3 S
Line 150 minus RRSP and all other deduction9 R. I8 u+ \! o9 M
{. Z; i7 @2 S1 l, u& |
After getting line 260 Taxable income, Calculate and you will get line 435 Tax Payable3 r& Q1 m+ j, n
9 ]0 B7 W2 M, o, q
Follows by all the Tax Credit such as investment credit, CPP EI overpay etc....