5002-C (Page 1 of 3) PE428 T1 General - 2011 Prince Edward Island Tax and Credits Complete this form, and attach a copy to your return. For more information, see related lines in the forms book. Step 1 - Prince Edward Island non-refundable tax credits Line 5601: For internal use only Line 1 and line 5804: Basic personal amount claim $7,708 ^ Line 2 and line 5808: Age amount (if born in 1946 or earlier) use provincial worksheet) (maximum $3,764) ^ Spouse or common-law partner amount Base amount 7,201.00 Minus: his or her net income from page 1 of your return ^ Line 3 and line 5812: Result: (if negative, enter "0") = ^ (maximum $6,546) ^ Amount for an eligible dependant Base amount 6,923.00 Minus: his or her net income from line 236 of his or her return ^ Line 4 and line 5816: Result: (if negative, enter "0") = ^ (maximum $6,294) ^ Line 5 and line 5820: Amount for infirm dependants age 18 or older (use provincial worksheet) ^ Line 6 and line 5823: Amount for young children (Complete the chart on the last page) Line 6372: Number of months ^ Multiplied by $100 = ^ CPP and QPP contributions: Line 7 and line 5824: (amount from line 308 of your federal Schedule 1) ^ Line 8 and line 5828: (amount from line 310 of your federal Schedule 1) ^ Employment Insurance premiums: Line 9 and line 5832: (amount from line 312 of your federal Schedule 1) ^ Line 10 and line 5829: (amount from line 317 of your federal Schedule 1) ^ Line 11 and line 5836: Pension income amount (maximum $1,000) ^ Line 12 and line 5840: Caregiver amount (use provincial worksheet) ^ Line 13 and line 5844: Disability amount (for self) ^ Line 14 and line 5848: Disability amount transferred from a dependant (use provincial worksheet) ^ Line 15 and line 5850: Teacher school supply amount (maximum $500) ^ Line 16 and line 5852: Interest paid on your student loans (amount from line 319 of your federal Schedule 1) ^ Line 17 and line 5856: Your tuition and education amounts [attach Schedule PE(S11)] ^ Line 18 and line 5860: Tuition and education amounts transferred from a child ^ Line 19 and line 5864: Amounts transferred from your spouse or common-law partner [attach Schedule PE(S2)] ^ Medical expenses: Line 20 and line 5868: Amount from line 330 of your federal Schedule 1 ^ Line 21: Enter $1,678 or 3% of line 236 of your return, whichever is less. ^ Line 22: Line 20 minus line 21 (if negative, enter "0") = ^ Line 23 and line 5872: Allowable amount of medical expenses for other dependants (use provincial worksheet) ^ Line 24 and line 5876: Add lines 22 and 23. = ^ Line 25 and line 5880: Add lines 1 through 19, and line 24. = ^ Line 26: Prince Edward Island non-refundable tax credit rate 9.8% Line 27 and line 5884: Multiply line 25 by line 26. = ^ Donations and gifts: Line 28: Amount from line 345 of your federal Schedule 9 ^ Multiplied by 9.8% = ^ Line 29: Amount from line 347 of your federal Schedule 9 ^ Multiplied by 16.7% = ^ Line 30 and line 5896: Add lines 28 and 29. = ^ Line 31 and line 6150: Add lines 27 and 30. Prince Edward Island non- refundable tax credits = ^ Enter this amount on line 43. Go to Step 2 on the next page. 5002-C (Page 2 of 3) Step 2 - Prince Edward Island tax on taxable income Line 32: Enter your taxable income from line 260 of your return. ^ Complete the appropriate column depending on the amount on line 32. *** Transcriber's Note: Use column 1 if the amount on line 32 is $31,984 or less. Use column 2 if the amount on line 32 is more than $31,984, but not more than $63,969. Use column 3 if the amount on line 32 is more than $63,969. *** Column 1: Line 32 is $31,984 or less Line 33: Enter the amount from line 32. ^ Line 34: 0.00 Line 35: Line 33 minus line 34 (cannot be negative) = ^ Line 36: Rate 9.8% Line 37: Multiply line 35 by 9.8% = ^ Line 38: 0.00 Line 39: Add lines 37 and 38. Prince Edward Island tax on taxable income = ^ Go to Step 3. Column 2: Line 32 is more than $31,984 but not more than $63,969 Line 33: Enter the amount from line 32. ^ Line 34: 31,984.00 Line 35: Line 33 minus line 34 (cannot be negative) = ^ Line 36: Rate 13.8% Line 37: Multiply line 35 by 13.8% = ^ Line 38: 3,134.00 Line 39: Add lines 37 and 38. Prince Edward Island tax on taxable income = ^ Go to Step 3. Column 3: Line 32 is more than $63,969 Line 33: Enter the amount from line 32. ^ Line 34: 63,969.00 Line 35: Line 33 minus line 34 (cannot be negative) = ^ Line 36: Rate 16.7% Line 37: Multiply line 35 by 16.7% = ^ Line 38: 7,548.00 Line 39: Add lines 37 and 38. Prince Edward Island tax on taxable income = ^ Go to Step 3. Step 3 - Prince Edward Island tax Line 40: Enter your Prince Edward Island tax on taxable income from line 39. ^ Line 41 and line 6151: Enter your Prince Edward Island tax on split income from Form T1206. ^ Line 42: Add lines 40 and 41. = ^ Line 43: Enter your Prince Edward Island non-refundable tax credits from line 31. ^ Prince Edward Island dividend tax credit: Line 44 and line 6152: Credit calculated for line 6152 on the Provincial Worksheet ^ Prince Edward Island overseas employment tax credit: Line 45 and line 6153: Amount from line 426 of your federal Schedule 1 ^ Multiplied by 57.5% = ^ Prince Edward Island minimum tax carryover: Line 46 and line 6154: Amount from line 427 of your federal Schedule 1 ^ Multiplied by 57.5% = ^ Line 47: Add lines 43 through 46. = ^ Line 48: Line 42 minus line 47 (if negative, enter "0") = ^ Prince Edward Island additional tax for minimum tax purposes: Line 49: Amount from line 117 of Form T691 ^ multiplied by 57.5% = ^ Line 50: Add lines 48 and 49. = ^ Line 51: P.E.I. surtax: (Amount from line 50 ^ minus $12,500) multiplied by 10% (if negative, enter "0") = ^ Line 52: Add lines 50 and 51. = ^ Prince Edward Island low-income tax reduction If you had a spouse or common-law partner on December 31, 2011, you have to agree on who will claim this tax reduction. Only one of you can claim it for your family. However, any unused amount can be claimed by the other person. Line 53 and line 6342: Unused low-income tax reduction from your spouse or common-law partner, if applicable ^ Line 54: Line 52 minus line 53 (if negative, enter "0") = ^ If you claimed an amount on line 53, enter "0" on line 72.) Adjusted family income for the calculation of the Prince Edward Island low- income tax reduction Column 1 - You Line 55: Enter the net income amount from line 236 of the return. ^ Line 56: Universal Child Care Benefit (UCCB) repayment: Enter the amount from line 213 of the return. ^ Line 57: Add lines 55 and 56 = ^ Line 58: UCCB income: Enter the amount from line 117 of the return. ^ Line 59: Line 57 minus line 58 (if negative, enter "0") = ^ Column 2 - Your spouse or common-law partner Line 55: Enter the net income amount from line 236 of the return. ^ Line 56: Universal Child Care Benefit (UCCB) repayment: Enter the amount from line 213 of the return. ^ Line 57: Add lines 55 and 56 = ^ Line 58: UCCB income: Enter the amount from line 117 of the return. ^ Line 59: Line 57 minus line 58 (if negative, enter "0") = ^ Line 60: Add the amounts on line 59 in column 1 and column 2, if applicable. Adjusted family income ^ Enter the result on line 67 on the next page. Continue on the next page. 5002-C (Page 3 of 3) Step 3 - Prince Edward Island tax (continued) Line 61: Enter the amount from line 54 on the previous page. ^ Line 62 and line 6339: Basic reduction claim $250 ^ Line 63 and line 6340: Reduction for spouse or common-law partner claim $250 ^ Line 64 and line 6341: Reduction for an eligible dependant claimed on line 5816 claim $250 ^ Line 65 and line 6099: Reduction for dependent children born in 1993 or later Line 6099: Number of dependent children ^ Multiplied by $200 = ^ Line 66: Add lines 62 through 65. = ^ Adjusted family income Line 67: Enter the amount from line 60 on the previous page. ^ Line 68: Base amount 15,000.00 Line 69: Line 67 minus line 68 (if negative, enter "0") = ^ Line 70: Applicable rate 5% Line 71: Multiply line 69 by line 70. = ^ Line 72: Line 66 minus line 71 (if negative, enter "0") Prince Edward Island low-income tax reduction = ^ Line 73: Line 61 minus line 72 (if negative, enter "0") = ^ Line 74: Enter the provincial foreign tax credit from Form T2036. ^ Line 75: Line 73 minus line 74 (if negative, enter "0") = ^ Political contribution tax credit Line 76 and line 6338: Prince Edward Island political contributions made in 2011 ^ Line 77: Credit calculated for line 77 on the Provincial Worksheet (maximum $500) ^ Line 78: Line 75 minus line 77 (if negative, enter "0") = ^ Equity tax credit Line 79 and line 6350: Enter the equity tax credit from Certificate PE-ETC. (maximum $7,000) ^ Line 80: Line 78 minus line 79 (if negative, enter "0") Prince Edward Island tax = ^ Enter the result on line 428 of your return. Unused low-income tax reduction that can be claimed by your spouse or common- law partner Line 81: Amount from line 72 ^ Line 82: Amount from line 52 ^ Line 83: Line 81 minus line 82 (if negative, enter "0") Unused amount = ^ Details of amount for young children (If you need more space, attach a separate piece of paper.) Child's name ^ Relationship to you ^ Child's date of birth (Year/Month/Day) ^ Number of eligible months ^ Total number of eligible months for all children = ^ Enter this amount beside box 6372 on the first page. Privacy Act, Personal Information Bank number CRA PPU 005