Federal Income Tax and Benefit Guide

[Pages:208]f

Federal Income Tax and Benefit Guide

L / 5000-G-C (E) Rev. 18

canada.ca/taxes

NOTE: In this publication, the text inserted between square brackets represents the regular print information.

Table of contents ? Federal Income Tax and Benefit Guide

Page Is this income tax package for you? ..........................................14 [3] What's new for 2018? ..............................................................15 [3] Do you have to file a return? ....................................................18 [4] Due dates, penalties and interest..............................................23 [5] Due dates...............................................................................23 [5] Penalties ................................................................................25 [5] Interest ..................................................................................25 [6]

Interest you must pay to the CRA ..........................................25 [6]

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Page Interest paid to you by the CRA.............................................26 [6] Cancel or waive penalties or interest.........................................27 [6] Gather all your documents........................................................27 [7] What if you are missing information? .........................................27 [7] Need help doing your taxes? ....................................................28 [7] Ways to file your return............................................................30 [7] Which income tax package should you use? ...............................31 [8] Exceptions .............................................................................32 [8] Definitions ..............................................................................34 [9] Other publications you may need ............................................ 38 [10] Step 1 ? Identification and other information ............................ 39 [11]

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Page Email address ....................................................................... 40 [11] Information about your residence ............................................ 42 [11] Information about you ............................................................ 42 [11] Marital status........................................................................ 42 [11] Information about your spouse or common-law partner .............. 43 [12] Residency information for tax administration agreements (page 3 [1] of your return) .................................... 44 [12] Elections Canada (page 7 [1] of your return) ............................ 45 [12] Step 2 ? Total income ............................................................ 48 [13] Report foreign income and other foreign amounts ..................... 49 [13] Line 101 ? Employment income ............................................... 49 [13] Line 104 ? Other employment income ...................................... 52 [14]

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Page Retirement income ? Summary table........................................ 55 [15] Line 113 ? Old age security (OAS) pension .............................. 67 [16] Line 114 ? CPP or QPP benefits ............................................. 67 [16] Line 115 ? Other pensions and superannuation ........................ 69 [16] Line 116 ? Elected split-pension amount .................................. 71 [17] Line 117 ? Universal child care benefit (UCCB) ........................ 72 [17] Line 119 ? Employment insurance and other benefits ................ 73 [17] Line 120 ? Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations ........................................................... 74 [17] Line 121 ? Interest and other investment income ...................... 76 [18] Line 122 ? Net partnership income: limited or non-active partners only......................................................... 79 [19]

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Page Line 126 ? Net rental income .................................................. 81 [19] Line 127 ? Taxable capital gains ............................................. 81 [19] Line 128 ? Support payments received .................................... 82 [19] Line 129 ? RRSP income........................................................ 83 [19] Line 130 ? Other income ........................................................ 85 [20] Lines 135 to 143 ? Self-employment income ............................. 91 [22] Line 145 ? Social assistance payments .................................... 92 [22] Other amounts you need to report throughout the return ............................................................................. 94 [22] Step 3 ? Net income .............................................................. 95 [23] Line 206 ? Pension adjustment ............................................... 96 [23] Line 207 ? Registered pension plan (RPP) deduction ................ 97 [23]

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Page Line 210 ? Deduction for elected split-pension amount .............. 98 [23] Line 212 ? Annual union, professional, or like dues .................. 98 [23] Line 214 ? Child care expenses .............................................. 99 [23] Line 215 ? Disability supports deduction .................................. 99 [24] Line 217 ? Business investment loss ..................................... 100 [24] Line 219 ? Moving expenses................................................. 100 [24] Line 220 ? Support payments made ....................................... 101 [24] Line 221 ? Carrying charges and interest expenses ................ 101 [24] Line 222 ? Deduction for CPP or QPP contributions on self-employment and other earnings.................................. 104 [25] Line 224 ? Exploration and development expenses ................. 108 [26] Line 229 ? Other employment expenses ................................. 108 [26]

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