Tax and Charity Law in Ontario, Canada

TAX CALCULATOR

2007 INCOME TAX CALCULATIONS     INPUT FIELD    
      OUTPUT FIELD  
Choose Your Province 		    RESULT FIELD  
       
Are You Married      
     
Income Inputs This column This column  
  for inputs for outputs  
Ineligible Dividends for the EDTC  
Eligible Dividends for the EDTC  
Total Realized Capital Gains (do not include donated to charity)  
Total Capital Loss or Carryforward  
Total Employment Income  
Total Interest Income  
Total Foreign Non Business Income  
Total Other Income  
     
Subtotal Taxable Income    
     
Deductions      
       
Total RRSP Contributions *There are RRSP contribution limits  
Repayment of Home Buyer Plan or Lifelong Learning Plan  
Total RPP Deduction  
Spousal Income    
Carrying Charges and Interest Expenses    
Tution and Education Amounts (incl. carryforward)      
Total Months Spent in Full Time Education      
Total Moving Expenses      
Business Investment Loss      
Union Dues      
Disability Support Deduction      
Employment Expenses      
Total Other Deductions  
       
Total Deductions    
       
Subtotal Net Income    
       
Credits      Total Limit on Charitable Credit  
       
Total Charitable Cash Donations/receipted gifts in kind    
Total value of Listed shares to Public Charity Charity Carryforward    
Total FMV of non qualifying securities -      
Adjusted Cost on donated non qualifying securities -    
           
Subtotal Charitable contributions        
           
Other Credits          
           
Federal political contributions      
Ontario political contributions    
     
Total Taxable Income    
       
Total Tax Payable    
     

 
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