Tax Return Question

M

Machine

Member
Aug 26, 2002
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Some assistance on the following would be greatly appreciated:

On Page 4 of the of the Return Form, under the heading Refund or Balance owning, is line 437 - Total income tax deducted (from all information slips)

Do I add up my charitable receipts and RRSP contribution? I'm stuck on this.

Thanks.
 
Line 437 asks you to report all of your income taxes deducted from your T4
(Box 22).

If you made charity donations through your pay, you should check the amount on (Box 46) from your T4 to schedule 1.
If you have charity receipts (outside of your T4 slip), then you can report it to schedule 9 ----> which will then ask you to add the totals and report it to line 349 on schedule 1.

RRSP contributions are to be added to line 208 on page 3. (See schedule 7 and attach receipts).

Hope this helps simplifies your tax dilemma.

The Finisher :cool:
 
Machine said:
Some assistance on the following would be greatly appreciated:

On Page 4 of the of the Return Form, under the heading Refund or Balance owning, is line 437 - Total income tax deducted (from all information slips)

Do I add up my charitable receipts and RRSP contribution? I'm stuck on this.

Thanks.
Click to expand...

Line 437 is the total income tax withheld at source. For most people, you will find this on line 22 of your T4(s).

Charitable receipts are reported on schedule 9 to calculate the tax credit, once this is done, you report the credit on schedule 1, line 349 under the refundable taxes. This schedule is where you calculate the taxes owing, the donations will then reduce this amount owing.

RRSP is a reduction of income and is to be deducted on page 4, line 208.
 
Thank you very much. Put together, the people here know may know all that there is to know. Wow.
 
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