personal and confidential · federal tax schedule 1 this is step 5 in completing your return....

October 14, 2018

PERSONAL AND CONFIDENTIAL

Lisa Foreman 123 Main Street Toronto ON M2K 3E2

Mrs. Foreman,

Please find enclosed your 2017 tax return with the documents provided to prepare it. Review it carefully to make sure that they are accurate and complete.

You are entitled to a refund of $6,766.61. Interest is paid on your refund beginning on May 31, 2018, or the 31st day after you file your federal tax return, whichever is later.

The following form(s) should be signed and sent to the CRA, Tax Centre, 1050 Notre-Dame Avenue, Sudbury ON P3A 5C2 no later than June 15, 2018.

· T1 General Condensed - Income tax and benefit return.

According to the information you provided, you did not hold foreign property at any time in 2017 with a total cost of more than CAN$100,000. If this information is incorrect please contact us immediately in order for us to prepare Form T1135, and for you to avoid penalties.

If you receive a notice of assessment which differs from the federal tax return as filed, please send it to us. We must determine if the assessment is correct before the time limit for an objection expires.

Based on your earned income, you can contribute up to $32,917.37 to your 2018 Registered Retirement Savings Plan and/or your Pooled Registered Pension Plan.

Please contact us if you have any questions about your tax return.

Sincerely,

when completed Protected B

T1 GENERAL 2017éIncome Tax and Benefit Return

7ONStep 1 – Identification and other information

First name and initial

Last name

Mailing address: Apt No. – Street No. Street name

PO Box

City

Prov./Terr. Postal code

RR

I understand that by providing an email address, I am registering for onlinemail. I have read and I accept the terms and conditions on page 17 ofthe guide.Enter an email address:

Information about you

Enter your social insurancenumber (SIN):

Year Month Day

Enter your date of birth:

Your language of correspondence:Votre langue de correspondance :

English Français

Marital statusTick the box that applies to your marital status on

December 31, 2017:

1 2 3Married Living common-law Widowed

4 Divorced 5 Separated 6 Single

Information about your spouse orcommon-law partner (if you ticked box 1 or 2 above)

Is this return for a deceased person?

If this return is for a deceasedperson, enter the date of death:

Year Month Day

Identification

Email address

Lisa

123 Main Street

Toronto

ON M2K 3E2

Foreman

X

545 458 556

1965-08-08

X

Enter the province or territory whereyou currently reside if it is not thesame as your mailing address above:

Do not use this area

Enter your province or territory ofresidence on December 31, 2017:

If you were self-employed in 2017,enter the province or territory ofself-employment:

entry

Month Day ordeparture

Month Day

Enter his or her net income for 2017to claim certain credits:

Tick this box if he or she was self-employed in 2017: 1

If you became or ceased to be a resident of Canada for income taxpurposes in 2017, enter the date of:

Enter the amount of universal child carebenefit (UCCB) from line 117 of his or her return:

Enter the amount of UCCB repaymentfrom line 213 of his or her return:

Enter his or her SIN:

Enter his or her first name:

Information about your residence

Ontario

Ontario

454 645 664

David

78,579 31

Elections Canada (For more information, see page 19 in the guide.)ì

A)

If yes, go to question B. If no, skip question B.

B)

1 2Your authorization is valid until you file your next tax return. Your information will only be used for purposes permitted under the CanadaElections Act, which include sharing the information with provincial/territorial election agencies, members of Parliament, registeredpolitical parties, and candidates at election time.

1 2Do you have Canadian citizenship? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

As a Canadian citizen, do you authorize the Canada Revenue Agency to give your name, address, date of birth,and citizenship to Elections Canada to update the National Register of Electors? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

X

X

Do not usethis area

172 171

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Untitled1.117 Lisa Foreman 2018-10-14 21:12 545 458 556

2when completed Protected BStep 1 – Identification and other information (continued)

Please answer the following question:

Yes 1 No 2266

Did you own or hold specified foreign property where the total cost amount of all such property,at any time in 2017, was more than CAN$100,000?See "Specified foreign property" in the guide for more information. . . . . . . . . . . . . . . . . . . . . . If yes, complete Form T1135 and attach it to your return.

If you had dealings with a non-resident trust or corporation in 2017, see "Other foreign property" in the guide.

X

Step 2 – Total income

As a resident of Canada, you have to report your income from all sources both inside and outside Canada.When you come to a line on the return that applies to you, go to the line number in the guide for more information.

Employment income (box 14 of all T4 slips) 101

Commissions included on line 101 (box 42 of all T4 slips)

Old age security pension (box 18 of the T4A(OAS) slip)

CPP or QPP benefits (box 20 of the T4A(P) slip)

102

104

113

114

Other employment income

Wage loss replacement contributions(see line 101 in the guide) 103

124,447 60

Disability benefits included on line 114(box 16 of the T4A(P) slip) 152

Other pensions and superannuation 115

Employment insurance and other benefits (box 14 of the T4E slip) 119Taxable amount of dividends (eligible and other than eligible) from taxableCanadian corporations (attach Schedule 4) 120

Interest and other investment income (attach Schedule 4) 121

Universal child care benefit (UCCB) 117

Taxable amount of dividends other than eligible dividends,included on line 120, from taxable Canadian corporations 180

116Elected split-pension amount (attach Form T1032)

UCCB amount designated to a dependant 185

11,300 00

225 00

3,000 00

Net partnership income: limited or non-active partners only 122

Rental income 126Net

Taxable capital gains (attach Schedule 3) 127

160Gross

Registered disability savings plan income 125

710 00

744 31

9,600 00

Taxable amount 128156Support payments received Total

RRSP income (from all T4RSP slips) 129

Other income 130Specify:

Self-employment income

Business income Gross 162 Net 135

Professional income Gross 164 Net 137

Commission income Gross 166 Net 139

10,000 00 5,400 00

Farming income Gross 168 Net 141

Fishing income Gross 170 Net 143

Workers’ compensation benefits (box 10 of the T5007 slip) 144

Social assistance payments 145

Net federal supplements (box 21 of the T4A(OAS) slip) 146

147

150

Add lines 144, 145, and 146 (see line 250 in the guide).

Add lines 101, 104 to 143, and 147. . total incomeThis is your 142,826 91

5000-R


3when completed Protected B

Attach only the documents (schedules, information slips, forms, or receipts) requested in the guideto support any claim or deduction. Keep all other supporting documents.

Enter your total income from line 150. 150Pension adjustment(box 52 of all T4 slips and box 034 of all T4A slips) 206

Step 3 – Net income

142,826 91

913 00

Registered pension plan deduction (box 20 of all T4 slips and box 032 of all T4A slips) 207RRSP and pooled registered pension plan (PRPP) deduction(see Schedule 7 and attach receipts) 208PRPP employer contributions(amount from your PRPP contribution receipts) 205

456 66

20,000 00

210Deduction for elected split-pension amount (attach Form T1032)

Annual union, professional, or like dues (box 44 of all T4 slips, and receipts) 212

Child care expenses (attach Form T778) 214

Disability supports deduction 215

213Universal child care benefit repayment (box 12 of all RC62 slips)

1,000 00

Business investment loss 217Allowable deduction228Gross

Moving expenses 219

Support payments made Total 230 220Allowable deduction

Carrying charges and interest expenses (attach Schedule 4) 221Deduction for CPP or QPP contributions on self-employment and other earnings(attach Schedule 8 or Form RC381, whichever applies) 222

Exploration and development expenses (attach Form T1229) 224

Other employment expenses 229

Clergy residence deduction

Other deductions Specify:

231

232

Add lines 207, 208, 210 to 224, 229, 231, and 232. 233

234

235

236

Social benefits repayment (if you reported income on line 113, 119, or 146, see line 235 in the guide)Use the federal worksheet to calculate your repayment.

Line 150 minus line 233 (if negative, enter "0") . net income before adjustmentsThis is your

Line 234 minus line 235 (if negative, enter "0")If you have a spouse or common-law partner, see line 236 in the guide. . net incomeThis is your

21,456 66 21,456 66

121,370 25

121,370 25

Step 4 – Taxable income

Canadian Forces personnel and police deduction (box 43 of all T4 slips) 244

Employee home relocation loan deduction (box 37 of all T4 slips) 248

Security options deductions 249Other payments deduction(if you reported income on line 147, see line 250 in the guide) 250

Limited partnership losses of other years 251

Non-capital losses of other years 252

Net capital losses of other years 253 744 31

Capital gains deduction 254

Northern residents deductions (attach Form T2222) 255

Additional deductions 256

Add lines 244 to 256. 257

Specify:

260Line 236 minus line 257 (if negative, enter "0") . taxable incomeThis is your

744 31 744 31

120,625 94

Step 5 – Federal tax and provincial or territorial tax

Use Schedule 1 to calculate your federal tax and Form 428 to calculate your provincial or territorial tax.

5000-R


when completed Protected B 4Step 6 – Refund or balance owingNet federal tax: enter the amount from line 62 of Schedule 1 (attach Schedule 1, even if the result is "0") 420 18,055 40CPP contributions payable on self-employment and other earnings(attach Schedule 8 or Form RC381, whichever applies) 421

Social benefits repayment (amount from line 235) 422

Employment insurance premiums payable on self-employment and other eligible earnings (attach Schedule 13) 430

Provincial or territorial tax (attach Form 428, even if the result is "0") 428 10,318 28

435Add lines 420, 421, 430, 422, and 428. . total payableThis is your 28,373 68

Total income tax deducted 437 35,140 29

Refundable Quebec abatement 440

CPP overpayment (enter your excess contributions) 448

Employment insurance overpayment (enter your excess contributions) 450

Refundable medical expense supplement (use the federal worksheet) 452

Refund of investment tax credit (attach Form T2038(IND)) 454

Part XII.2 trust tax credit (box 38 of all T3 slips and box 209 of all T5013 slips) 456

Employee and partner GST/HST rebate (attach Form GST370) 457

453Working income tax benefit (WITB) (attach Schedule 6)

Supplies expenses 468 x 15% 469Eligible educator schoolsupply tax credit

Tax paid by instalments 476

Provincial or territorial credits (attach Form 479 if it applies) 479

482Add lines 437 to 479. . total creditsThese are your 35,140 29 35,140 29

. balance owing or refundThis is yourLine 435 minus line 482 -6,766 61

485

Generally, we do not charge or refund a difference of $2 or less.

Refund 484 Balance owing

. balance owing. If the result is positive, you have a refundIf the result is negative, you have a

Enter the amount below on whichever line applies.

6,766 61

For more information on how to make your payment, see line 485 in the guide or go to. Your payment is due no later than April 30, 2018.canada.ca/payments

460Branch number Institution number 461 Account number 462

Direct deposit – Enrol or update (see line 484 in the guide)

(5 digits) (3 digits) (maximum 12 digits)

You do not have to complete this area every year. Do not complete it this year if your direct deposit information has not changed.

To enrol for direct deposit, to update your banking information, or to request that all of your CRA payments you may be receiving or owed be deposited intothe same account as your T1 refund, complete lines 460, 461, and 462 below.

By providing my banking information I authorize the Receiver General to deposit in the bank account number shown below any amounts payable tome by the CRA, until otherwise notified by me. I understand that this authorization will replace all of my previous direct deposit authorizations.

Ontario opportunities fund

You can help reduce Ontario's debt by completing this area todonate some or all of your 2017 refund to the Ontarioopportunities fund. Please see the provincial pages for details.

465

466

1

2

3

Amount from line 484 above

Your donation to the Ontario opportunities fund

Net refund (line 1 minus line 2)

í

I certify that the information given on this return and in any documentsattached is correct and complete and fully discloses all my income.

Sign here

It is a serious offence to make a false return.

Telephone Date

490

Telephone:

Name of preparer:

EFILE number (if applicable): 489

If a fee was charged for preparing this return,complete the following:

(416) 888-8888 2018-10-14

Personal information is collected under the Income Tax Act to administer tax, benefits, and related programs. It may also be used for any purpose related to the administrationor enforcement of the Act such as audit, compliance and the payment of debts owed to the Crown. It may be shared or verified with other federal, provincial/territorial governmentinstitutions to the extent authorized by law. Failure to provide this information may result in interest payable, penalties or other actions. Under the Privacy Act, individuals havethe right to access their personal information and request correction if there are errors or omissions. Refer to canada.ca/cra-info-source, Personal Information BankCRA PPU 005.

Do not usethis area

487 488486

5006-R

RC-17-103


Federal Tax Schedule 1

This is Step 5 in completing your return. Complete this schedule and attach a copy to your return.For more information, see the related line in the guide.

T1-2017 when completedProtected B

Step 1 – Federal non-refundable tax credits

301

300Basic personal amount claim $11,635

Age amount (if you were born in 1952 or earlier) (use the federal worksheet) (maximum $7,225) 2

111,635 00

303Spouse or common-law partner amount (attach Schedule 5) 3

Amount for an eligible dependant (attach Schedule 5) 305 5

Canada caregiver amount for spouse or common-law partner, or eligible dependant age 18 or older(attach Schedule 5) 304 4

Canada caregiver amount for other infirm dependants age 18 or older (attach Schedule 5) 307 6

Canada caregiver amount for infirm children under 18 years of age

Enter the number of children for whom you are claiming this amount 352 x $2,150 = 367 7

8

9

CPP or QPP contributions:through employment from box 16 and box 17 of all T4 slips(attach Schedule 8 or Form RC381, whichever applies)

on self-employment and other earnings (attach Schedule 8 or Form RC381, whichever applies)

308

3102,564 10

10

Canada employment amount(If you reported employment income on line 101 or line 104, see line 363 in the guide.) 363

Public transit amount (only claim amounts from January 1 to June 30, 2017) 364(maximum $1,178)

317 11

Employment insurance premiums:

through employment from box 18 and box 55 of all T4 slips (maximum $836.19)

on self-employment and other eligible earnings (attach Schedule 13)

312

Volunteer firefighters' amount 362 12

14

Search and rescue volunteers' amount 395 13

15

1,178 00

836 19

Pension income amount (use the federal worksheet) (maximum $2,000) 314Adoption expenses 313

17

18

Home buyers' amount 369

19

Home accessibility expenses (attach Schedule 12) 398 16

Disability amount (for self) (claim $8,113, or if you were under 18 years of age, use the federal worksheet) 316 20

Disability amount transferred from a dependant (use the federal worksheet) 318 21

Interest paid on your student loans 319

Your tuition, education, and textbook amounts (attach Schedule 11) 323

Tuition amount transferred from a child 324

Amounts transferred from your spouse or common-law partner (attach Schedule 2) 326

23

24

25

22

5,000 00

Medical expenses for self, spouse or common-law partner, and yourdependent children born in 2000 or later 330

Enter $2,268 or 3% of line 236 of your return, whichever is less.

Line 26 minus line 27 (if negative, enter "0")

Allowable amount of medical expenses for other dependants(do the calculation at line 331 in the guide) 331

Add lines 28 and 29.

Add lines 1 to 25, and line 30.

332

335

26

27

31

28

29

30

21,213 29

Multiply line 31 by line 32.

Donations and gifts (attach Schedule 9)

Add lines 33 and 34.Enter this amount on line 47 on the next page.

338

349

350

33

34

Total federal non-refundable tax credits

Federal non-refundable tax credit rate %

35

32

3,181 99

4,168 99

987 00

15

Continue on the next page.

5000-S1


when completedProtected B

- Page 2Schedule 1

Step 2 – Federal tax on taxable income

Enter your taxable income from line 260 of your return. 36120,625 94

Complete the appropriatecolumn depending on theamount on line 36.

Line 36 is$45,916 or less

Line 36 is morethan $45,916 but

not more than$91,831





Enter the amount from line 36.

Line 36 is morethan $202,800

37120,625 94

Line 37 minus line 38(cannot be negative) 39

380 00 45,916 00 91,831 00 142,353 00

28,794 94

202,800 00

Multiply line 39by line 40.

% % % % %

41

4020.5 26

7,486 68

2915 33

420 00 6,887 00 16,300 00 29,436 00 46,965 00

Add lines 41 and 42. 4323,786 68

Federal tax on split income (from line 5 of Form T1206) 45


Enter the amount from line 43. 44

424

46

Step 3 – Net federal tax

404 23,786 68

23,786 68

23,786 68

Enter your total federal non-refundable tax creditsfrom line 35 on the previous page. 350 474,168 99

Federal dividend tax credit

Minimum tax carryover (attach Form T691)

Add lines 47, 48, and 49. 50

425

427

48

49

1,562 29

5,731 28 5,731 28

Line 46 minus line 50 (if negative, enter "0") 51429Basic federal tax 18,055 40

Federal foreign tax credit (attach Form T2209) 52405

406 53Line 51 minus line 52 (if negative, enter "0") Federal tax 18,055 40

Total federal political contributions(attach receipts) 409 54

Federal political contribution tax credit(use the federal worksheet) 410 55(maximum $650)

Investment tax credit (attach Form T2038(IND)) 412 56

Labour-sponsored funds tax credit (see lines 413 and 414 in the guide)

413 Allowable credit 414 57Net cost of shares of a provinciallyregistered fund

59

Add lines 55, 56, and 57. 416 58

417Line 53 minus line 58 (if negative, enter "0")If you have an amount on line 45 above, see Form T1206. 18,055 40Working income tax benefit advance payments received(box 10 of the RC210 slip) 415 60

61418Special taxes (see line 418 in the guide)

Add lines 59, 60, and 61.Enter this amount on line 420 of your return. Net federal tax 420 6218,055 40

5000-S1 See the privacy notice on your return.



Capital Gains (or Losses) in 2017 Schedule 3T1-2017

Attach a separate sheet of paper if you need more space. Attach a copy of this schedule to your return.

Note:(1)

Year ofacquisition

(2)Proceeds ofdisposition

(3)Adjustedcost base

(4)Outlays and

expenses (fromdispositions)

(5)Gain (or loss)

(column 2 minuscolumns 3 and 4)

If you have a business investment loss,see line 217 in the guide.

Name of corp. and class of sharesNumber

1. Qualified small business corporation shares (Report, in 3 below, publicly traded shares, mutual fund units, deferral ofeligible small business corporation shares, and other shares.)

106Total 107Gain (or loss)

2. Qualified farm or fishing property

Address or legal description Prov./Terr

Total 109 110Gain (or loss)

Prov./TerrMortgage foreclosures and conditionalsales repossessions – Address or legal description

123 124Total Gain (or loss)

Publicly traded shares, mutual fund units, deferral of eligible small business corporation shares, and other shares(Report capital gains (or losses) shown on T5, T5013, T4PS, and T3 information slips on line 174 or line 176.)

3.

Number Name of fund/corp. and class of shares

Apple Inc. 2017 3,165 00 2,676 38 488 6215.0000

Total 131 Gain (or loss) 1323,165 00 488 62

Address or legal description

4. Real estate, depreciable property, and other properties (see the next page for a principal residence)

Prov./Terr

Total 136 Gain (or loss) 138

Face value Maturity date Name of issuer

5. Bonds, debentures, promissory notes, and other similar properties


Address or legal description

6. Other mortgage foreclosures and conditional sales repossessions

Prov./Terr


7. Personal-use property (provide a full description) (see the next page for a principal residence)

Gain only 158

8. Listed personal property (LPP) (full description)

Subtract: unapplied LPP losses from other yearsNote: You can only apply LPPlosses against LPP gains. Net gain only 159

AAdd lines 107, 110, 124, 132, 138, 153, 155, 158, and 159.Enter this amount on line B on the next page.

Total of gains (or losses) of qualifiedproperties and other properties 488 62

Continue on the next page

5000-S3


Page 1


Enter the amount from line A on the previous page. B488 62

161

173Farming and fishing income eligible for the capital gains deduction from thedisposition of eligible capital property (for details, see Form T657)

Capital gains deferral from qualifying dispositions of eligible small business corporation shares(included in number 3 on the previous page) C

Line B minus line C D

E

488 62

T5, T5013, and T4PS information slips – Capital gains (or losses) 174 F

T3 information slips – Capital gains (or losses) 176 G1,000 00

Add lines D, F, and G. H1,488 62

Capital loss from a reduction in your business investment loss 178

191 line H minus line ITotal of all gains (or losses) before reserves:

I

J1,488 62

Reserves from line 6706 of Form T2017 (if negative, show it in brackets and subtract it) 192

197

199

Multiply the amount on line 197 by 50%.Enter the taxable capital gains on line 127 of your return.If it is a net capital loss, see line 127 in the guide.

Taxable capital gains(or net capital loss) in 2017

line J plus line KTotal capital gains (or losses):

K

L1,488 62

744 31

Principal residence

In all cases you are required to complete Form T2091(IND), Designation of a property as a principal residence by an individual, or FormT1255, Designation of a Property as a Principal Residence by the Legal Representative of a Deceased Individual, whichever applies.

Even if you do not sell your property you may have a deemed disposition that must be reported. For more information, see line 127 in the guide.

If you were not a resident of Canada for the entire time you owned the designated property, your period of non-residence may reducethe amount of the principal residence exemption or eliminate it. For more information, contact us.

Principal residence designation

Tick the box that applies to your designation.

179 1I designate the property described on Form T2091(IND) or Form T1255 to have been my principal residence for allyears owned or for all years owned except one year, being a year in which I replaced my principal residence.

I designate the property described on Form T2091(IND) or Form T1255 to have been my principal residence forsome, but not all, years owned.

2

3I designate the properties described on Form T2091(IND) or Form T1255 to have been my principal residencesfor some or all of the years owned.

Complete this section if you disposed of a property (or properties) in 2017 for which you are claiming a principal residence exemption.



Page 2


Statement of Investment IncomeT1-2017 Schedule 4

State the names of the payers below, and attach any information slips you received. Attach a separate sheet of paper if you need more space.Attach a copy of this schedule to your return.

I – Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporationsTaxable amount of dividends other than eligible dividends (specify):

Slip Issuer Taxpayer share and exchange rate

T5 Canadian Oil Sands Limite (6,000.00 x 50.00%) 3,000 00

Enter this amount on line 180 of your return. 180 3,000 00

Taxable amount of eligible dividends (specify):


T3 CIBC Mutual Funds 1,250 00

T5 Canadian Oil Sands Limite 7,050 00

Enter this amount on line 120 of your return. 120 11,300 00

Interest and other investment incomeSpecify:

II –


T5 Canadian Oil Sands Limite 200 00

T5 Canadian Oil Sands Limite (50.00 x 50.00%) 25 00

Income from foreign sources (specify):

Enter this amount on line 121 of your return. 121 225 00

III – Carrying charges and interest expensesCarrying charges (specify):

Interest expenses (specify):

See the privacy notice on your return.

Enter this amount on line 221 of your return. 221

5000-S4



RRSP and PRPP Unused Contributions,Transfers, and HBP or LLP Activities

Schedule 7T1-2017

For more information, see line 208 in the guide.

Complete this schedule and attach it to your return only when one or more of the following situations apply:

You will be keeping, for future years, some or all of your unused RRSP and PRPP contributions previously reported and available to deduct for 2017 as shown on your latest notice of assessment or reassessment, or T1028, Your RRSP/PRPP Information for 2017.

Complete Parts A, B, C, and D, if :

You will be keeping, for future years, some or all of the RRSP, PRPP, and SPP contributions you made from March 2, 2017, to March 1, 2018.

You have transferred to your RRSP, PRPP, or SPP certain amounts you included in your income in 2017.

You are designating contributions made to your own RRSP, PRPP, or SPP as a 2017 repayment under the Home Buyers' Plan (HBP) or the Lifelong Learning Plan (LLP).

You withdrew funds from your RRSP in 2017 under the HBP or the LLP.

If none of the above situations apply to you, do not complete this schedule. Enter your total contributions made to your or your spouse'sor common-law partner's RRSP and SPP, and your PRPP on line 208 of your return.

You will be the beneficiary of income that was contributed to an amateur athlete trust in 2017 and you want that income to be used in calculating your RRSP contribution limit.

Complete Part E, if :

Complete Part F, if :

Unused RRSP/PRPP contributions previously reported and available to deduct for 2017 as shown on your latest notice of assessment or reassessment, or T1028, Your RRSP/PRPP Information for 2017. 1

Include on lines 2 and 3 below all contributions you made for the dates specified, even if you are not designating or deducting them on your return for 2017.

Enter the RRSP, SPP, and your PRPP contributions made from March 2, 2017,to December 31, 2017 (attach all your receipts). 2

3

Enter the RRSP, SPP, and your PRPP contributions made from January 1, 2018, to March 1, 2018 (attach all your receipts).

Add lines 2 and 3. 245 4

Add lines 1 and 4. 5

Part A – Contributions

Total contributions

Include at lines 2 and 3:

Contributions made to your or your spouse's or common-law partner's RRSP and SPP, and your PRPP;

Amounts transferred to your own RRSP, PRPP, or SPP (also see line 14 in Part C of this schedule); and

Contributions that you are designating as a repayment under the HBP or the LLP (Part B below)

For the list of contributions to exclude at lines 2 and 3, see line 208 in the guide.

12,000 00

8,000 00

20,000 00 20,000 00

20,000 00

Part B – Repayments under the HBP and the LLP

Do not include at lines 6 and 7:

any amount you deducted or designated as a repayment on your 2016 return or that was refunded to you; or

any contributions or transfers that you will be including on line 14 or line 15 in Part C on the next page.

Complete line 6 and/or line 7 if you are designating contributions made from January 1, 2017 to March 1, 2018 to your own RRSP, PRPP, or SPP as a 2017 repayment under the HBP or the LLP. If you designate less than the minimum required amount for 2017, report the difference at line 129 of your return. If you are notrequired to make a repayment under the HBP or LLP, enter "0" at line 8 and continue at line 9.

If you withdrew funds from your RRSP under the HBP and/or the LLP before 2016 you may have to make a repayment to your RRSP, PRPP, or SPP for 2017. Your 2017 minimum required repayment is shown on your latest notice of assessment or reassessment, or your T1028 statement for 2017.

Contribution designated as a repayment under the HBP 246 6

Contribution designated as a repayment under the LLP 262 7


Line 5 minus line 8

9Contributions available to deductEnter this amount on line 10 on the next page.

Total repayments under the HBP and the LLP

20,000 00

5000-S7

Continue on the next page



– page 2Schedule 7 Part C – RRSP/PRPP deduction

Enter the amount from line 9 on the previous page. 1020,000 00

RRSP/PRPP deduction limit for 2017 as shown on your latest notice of assessment or reassessment, or T1028, Your RRSP/PRPP Information for 2017. 11

Enter your 2017 employer PRPP contributions (amount from line 205 of your return). 12

Line 11 minus line 12 13

30,510 00

30,510 00

Enter the amount from line 10 or line 16, whichever is less.Also enter this amount on line 208 of your return.

RRSP, PRPP, and SPP contributions you are deducting for 2017, this amount cannot exceed the lesser of the result of line 10 minus line 14, or the amount on line 13, whichever is less

14Transfers (see "Line 14 - Transfers" at line 208 in the guide) 240

15


RRSP/PRPP deduction 208 17

20,000 00

20,000 00

20,000 00

Line 10 minus line 17

This amount is available to carry forward to future years. This amount will be shown on your 2017 notice of assessment.

18

Part D – Unused contributions available to carry forward

Your unused contributionsavailable to carry forward to a future year

Part E – 2017 withdrawals under the HBP and the LLP

HBP: enter the amount from box 27 of all your 2017 T4RSP slips. 247 19

Tick this box to designate your spouse or common-law partner as the student for whom the funds were withdrawn under the LLP. If you do not tick the box, you will be considered to be the student for LLP purposes.

259Tick this box if the address shown on page 1 of your return is the same as the address of the home you purchased under the HBP. 20

LLP: enter the amount from box 25 of all your 2017 T4RSP slips. 263 21

264 22

Complete this section, if you withdrew funds from your RRSP under the HBP and/or the LLP in 2017.

Part F – 2017 contributions to an amateur athlete trust

Enter the amount of income that was contributed to an amateur athlete trust in 2017. 267 23

Complete this section to report qualifying performance income (generally endorsement income, prize money, or income from publicappearances received by an amateur athlete) contributed in 2017 to an amateur athlete trust, since this income qualifies as earnedincome in calculating the RRSP deduction limit of the trust's beneficiary.



when completed Protected B

Donations and Gifts Schedule 9T1-2017

For more information, see line 349 in the guide and Pamphlet P113, Gifts and Income Tax.

Eligible amount of charitable donations

Include at lines 1 to 4 all the eligible amounts of your donations made in 2017 plus donations made in any of the previous five yearsthat have not been claimed before. Remember, you may have charitable donations shown on your T4 and T4A slips.

Attach a copy of this schedule to your return.

Donations made to registered charities, registered Canadian amateur athletic associations,and registered Canadian low-cost housing corporations for the aged 13,500 00Donations made to government bodies (government of Canada, a province or territory, a registered municipalityin Canada, or a registered municipal or public body performing a function of government in Canada) 2

Donations made to registered universities outside Canada that are prescribed 3333

Donations made to the United Nations, its agencies, and certain registered foreign charitable organizations 334 4

329

Total eligible amount of charitable donations 5Add lines 1 to 4. 3,500 00

Enter your net income from line 236 of your return. 7× 75% =If line 5 is less than line 7, enter the amount from line 5 on line 13 below and continue on line 14.Otherwise, complete lines 8 to 12, before continuing on line 13.

6

Donations limit

121,370 25 91,027 69

Gifts of depreciable property(from Chart 2 in Pamphlet P113, Gifts and Income Tax) 337Gifts of capital property(from Chart 1 in Pamphlet P113, Gifts and Income Tax)

Add lines 8 and 9.

339

Enter the total of lines 7 and 11 or the amount on line 236of your return, whichever is less.

8

9

× 25% = 11

12Total donations limit

10

91,027 69

Allowable charitable donations. If you did not complete lines 8 to 12, enter the amount from line 5.Otherwise, enter the amount from line 5 or line 12, whichever is less. 340 13

Donations and gifts

3,500 00342Eligible amount of cultural and ecological gifts (see line 349 in the guide) 14

Enter $200 or the amount from line 15, whichever is less. 16

Line 15 minus line 16. 17


If your taxable income is less than $202,800, enter "0" at line 26 and continue on line 28. Otherwise, complete lines 18 to 27, before continuing on line 28.

200 00

3,300 00

3,500 00

Enter the amount from line 17. 18Total of your donations made before 2016 included at lines 5and 14, to a maximum of the amount on line 15. 19354

Line 18 minus line 19 (if negative, show it in brackets) 20

Enter the amount from line 16 or line 19, whichever is less. 21


Enter your taxable income from line 260 of your return. 23

Income threshold 24202,800.00

Line 23 minus line 24 (if negative enter "0") 25

31

29

× 15% =

× 33% =If you did not complete lines 18 to 25, enter "0". Otherwise, enterthe amount from line 22 or line 25, whichever is less. 26

× 29% =

27If you did not complete lines 18 to 27, enter the amount fromline 17. Otherwise, enter the result of line 17 minus line 26. 28


Add lines 27, 29, and 31.Enter this amount on line 33 on the next page. 32

30 00

957 003,300 00

200 00

987 00


5000-S9



Enter the amount from line 32 on the previous page. 33987 00

First-time donor's super credit (FDSC)

You will be considered a first-time donor if neither you nor your spouse or common-law partner has claimed and been allowed a charitable donations tax credit for any year after 2007. If you are considered a first-time donor continue at line 34. If you are not a first-time donor enter the amount from line 33 on line 36.

Only gifts of money made after March 20, 2013, to a maximum of $1,000, are eligible for the FDSC.

Note: If you have a spouse or common-law partner, you can share the claim for the FDSC, but the total combined donations claimed cannot be more than $1,000.

Enter the amount of gifts of money*made after March 20, 2013. 343)Maximum $1,000( × 25% = 3534

If you did not complete lines 34 and 35, enter the amount from line 33.Otherwise, add lines 33 and 35.Enter this amount on line 349 of Schedule 1. Donations and gifts 36987 00

* The amount claimed on line 343 must also be claimed on line 340 by you or your spouse or common-law partner. If the donations are shared, the combinedamount on line 343 for you and your spouse or common-law partner cannot be more than the combined amount claimed on line 340 by both of you.


5000-S9


Charitable Donations – Federal

List of charitable donationsU.S. GovernmentAmount

United Way 1,500 00

Canadian Cancer Society 2,000 00

Summary of donations for the current year

U.S. Canada

Total charitable donations

Total donations on slips +

Donations for religious studies (T1) +

Total gifts to the government +

Donations made by the spouse

Donations transferred to the spouse

+

–

x

Exchange rate

=Donations made bya graduated rate estate (GRE) x =

3,500 001.298600

1.298600

Gift of a work of art +

Donations made to prescribed universities outside Canada +

Donations made to the United Nations, its agencies and certain charitable organizations outside Canada +

Ontario Opportunities Fund (for Ontario residents only) +

Community food program donations (for Ontario residents only) +

Total = 3,500 00

Donations limited to 75% of net incomeTotalCanadaU.S.Exchange rate

Net income x 75%

Gifts of depreciable property

Taxable capital gains

Capital gains deduction

Line B x 25%

Add lines A and C

U.S. claim

Annual limit

Donations for the current year

Donations carried forward from prior years

Donations for the current year made by the spouse

Donations for the current year transferred to the spouse

Total donations

Donations claimed on line 340 of Schedule 9

A

C

D

–

+

Subtotal B

–

=

=

+

+

+

–

–

=

Donations from prior years made by the spouse

Donations from prior years transferred to the spouse

+

–

91,027 69

91,027 69

91,027 69

3,500 00 3,500 00

3,500 00 3,500 00

3,500 00 3,500 00

Subtotal =

Donations expired in the year –

Balance to carryforward =

Calculation of the tax credit

Total donations claimed (line D) G3,500 00

or the amount from line G, whichever is less – H x %

+%x=Line G minus line H minus line I

Enter $

If the taxable income is over $202,800, enter the portion of the current yeardonations over $200 or the portion of the taxable income over $202,800,whichever is less. – I x % +

200 00 15.00 30 00

957 0029.003,300 00

200

33.00

Donations claimed on line 349 of Schedule 1 = 987 00


PERSONAL TAXPREP 2017 Page 1


íON428

T1 General – 2017Ontario Tax

Complete this form and attach a copy to your return. For more information, see the related line in the forms book.

Step 1 – Ontario non-refundable tax credits

7

6

5605

5808

5804claim $10,171

Age amount (if born in 1952 or earlier) (use the Provincial Worksheet)

Spouse or common-law partner amount

Base amount

Minus: their net income from page 1 of your return

Result: (if negative, enter "0") 5812

5816

5819

Amount for an eligible dependant

Ontario caregiver amount (use the Provincial Worksheet)

For internal use only

Basic personal amount

(maximum $4,966)

(maximum $8,636)

CPP or QPP contributions:

(amount from line 308 of your federal Schedule 1)


5824

5828

Base amount

Result: (if negative, enter "0")

Minus: their net income from line 236 of their return

(maximum $8,636)

1

2

3

4

5

10,171 00

9,500 0078,579 31

2,564 10

9

8

Employment insurance premiums:

5832

Pension income amount (maximum $1,406) 5836Disability amount (for self)(Claim $8,217, or if you were under 18 years of age, use the Provincial Worksheet.) 5844

Disability amount transferred from a dependant (use the Provincial Worksheet) 5848

Interest paid on your student loans (amount from line 319 of your federal Schedule 1) 5852

Your tuition and education amounts (use and attach Schedule ON(S11)) 5856

Tuition and education amounts transferred from a child 5860

Amounts transferred from your spouse or common-law partner (use and attach Schedule ON(S2)) 5864


5833Adoption expenses 10

11

12

13

14

15

16

17

(amount from line 317 of your federal Schedule 1) 5829

(maximum $12,409)

836 19

5,820 35

Medical expenses:

5868 18Enter $2,302 or 3% of line 236 of your return,whichever is less. 19

Line 18 minus line 19 (if negative, enter "0") 20Allowable amount of medical expenses for other dependants(use the Provincial Worksheet) 5872 21

Add lines 20 and 21. 5876 22

Add lines 1 to 17, and line 22. 5880 23

Ontario non-refundable tax credit rate

Multiply line 23 by line 24. 588424

25

%5.05

(Read line 5868 in the forms book.)

19,391 64

979 28

Donations and gifts:

Amount from line 16 of your federal Schedule 9 x 5.05% =

Amount from line 17 of your federal Schedule 9 x 11.16% =

Add lines 26 and 27. 5896 28Add lines 25 and 28.Enter this amount on line 41. Ontario non-refundable tax credits 6150 29

26

27

200 00 10 10

3,300 00 368 28

378 38 378 38

1,357 66


5006-C



– Page 2ON428

Step 2 – Ontario tax on taxable income

Enter your taxable income from line 260 of your return.If this amount is more than $20,000, you must complete Step 7 – Ontario health premium. 30

Complete the appropriatecolumn depending on theamount on line 30.

Enter the amount from line 30

Line 31 minus line 32(cannot be negative)

Multiply line 33 by line 34.

Add lines 35 and 36.Ontario tax ontaxable income

Line 30 is$42,201 or less

Line 30 is more than$42,201 but not

more than $84,404


more than $150,000

36

31

32

33

34

35

37

% % %

Line 30 is morethan $220,000

%


more than $220,000

%

120,625 94

0 00

5.05

0 00

42,201 00

9.15

2,131 00

120,625 9484,404 00

36,221 9411.16

4,042 37

5,993 00

10,035 37

220,000 00

13.16

21,825 00

150,000 00

12.16

13,313 00

Step 3 – Ontario tax

Enter your Ontario tax on taxable income from line 37.

Enter your Ontario tax on split income from Form T1206.

38

6151 39


10,035 37

10,035 37

Enter your Ontario non-refundable tax credits from line 29.

Line 40 minus line 41 (if negative, enter "0") 42

411,357 66

8,677 71

46Amount from line 427 of your federal Schedule 1 x 33.67% =

Ontario minimum tax carryover:


Enter your Ontario dividend tax credit from line 6152 of the Provincial Worksheet. 44

Line 43 minus line 44 (if negative, enter "0"). 45

8,677 71958 59

7,719 12

Enter the amount from line 45 or 46, whichever is less. 476154

Line 42 minus line 47 (if negative, enter "0") 488,677 71

Ontario surtax

54

(Line 51 minus $4,556) × 20% (if negative, enter "0")


52

53(Line 51 minus $5,831) × 36% (if negative, enter "0")

=

=


49

50

51Line 49 minus line 50 (if negative, enter "0")



Complete lines 52 to 54 only if the amount on line 51 is more than $4,556.Otherwise, enter "0" on line 54 and continue completing the form.

1,849 16

8,677 71 824 341,024 82

1,849 16

8,677 71

10,526 87

8,677 71

8,677 71

Ontario dividend tax credit

Enter your Ontario dividend tax credit from line 6152 of the Provincial Worksheet. 6152 56


958 59

9,568 28

Ontario additional tax for minimum tax purposesIf you entered an amount other than "0" on line 95 of Form T691, enter your Ontario additional tax forminimum tax purposes from line 58 of the Provincial Worksheet.


58

599,568 28


5006-C



– Page 3ON428

Enter the amount from line 59 on the previous page. 609,568 28

Step 4 – Ontario tax reduction

Basic reduction 61

If you had a spouse or common-law partner on December 31, 2017, only theindividual with the higher net income can claim the amounts on lines 62 and 63.

62

Reduction for dependent children born in 1999 or later

× $434 =

63

Number of dependent children 6269

Add lines 61, 62, and 63. 64

Reduction for dependants with a mental or physical impairment

Number of dependants 6097 × $434 =

Enter "0" on line 67 if any of the following apply to you:

You were not a resident of Canada at the beginning of the year;

You were not a resident of Ontario on December 31, 2017;

There is an amount on line 58;

The amount on line 60 is "0";

Your return is filed for you by a trustee in bankruptcy;

You are not claiming an Ontario tax reduction.

Otherwise, complete lines 61 to 67 to calculate your Ontario tax reduction.

235 00

434 001

669 00

Enter the amount from line 64. x 2 = 65

66Enter the amount from line 60.

Line 65 minus line 66 (if negative, enter "0") Ontario tax reduction claimed 67


669 00 1,338 009,568 28

9,568 28

Step 5 – Ontario foreign tax credit

Enter the Ontario foreign tax credit from Form T2036.


69

709,568 28

Step 6 – Community food program donation tax credit for farmers

Enter the amount of qualifying donations that have also beenclaimed as charitable donations


71

72

6098 × 25% =

9,568 28

Step 7 – Ontario health premium

74Add lines 72 and 73.Enter the result on line 428 of your return. Ontario tax

If your taxable income (from line 30) is not more than $20,000, enter "0".Otherwise, enter the amount calculated in the chart on the next page.

Ontario healthpremium 73

10,318 28

750 00


5006-C



– Page 4ON428

Ontario Health Premium

Enter your taxable income from line 30. 1

Go to the line that corresponds to your taxable income.

If there is an Ontario health premium amount on that line, enter that amount on line 73.

Otherwise, enter your taxable income in the first box, complete the calculation, and enter the result on line 73.

120,625 94

$

$

$

$

$

$

$

$

more than $20,000,but not more than $25,000

Taxable income Ontariohealth premium

not more than $20,000

more than $25,000, but not more than $36,000








more than $200,600

%

=+=%x=–

=+% =x=–

=+% =x=–

– = x % = + =

=x=–

300

450

$

$

$

$

600$

750$

900$

750

600

200,000

72,000

20,000 6

36,000 6

25

25

4502548,000

300

0


5006-C


Provincial Worksheet

Line 6152 – Ontario dividend tax credit

Calculate the amount to enter on line 6152 of Form ON428 by completing one of the two following calculations:

If you entered an amount on line 120 but no amount on line 180 of your return, complete the following:

Line 120 of your return

Enter this amount on line 6152 of Form ON428.

If you entered amounts on lines 180 and 120 of your return, complete the following:



Line 1 minus line 2

Add lines 3 and 5.

Enter this amount on line 6152 of Form ON428.

x =

x =x =

3

5

6

1

2

4

%

%

% +

=

–

=

10.00

11,300 003,000 00

8,300 00

4.2863 128 5910.00 830 00

958 59



T1028 – RRSP Deduction Limit Statement

This statement indicates the actual amount of 2017 RRSP deduction limit.

RRSP deduction limit

2016 RRSP deduction limit

2016 earned income

2016 pension adjustment

2017 prescribed amount for connected persons

x 18% (maximum $26,010.00)

–

Allowable RRSP/PRPP deducted in 2016

Unused RRSP deduction limit at the end of 2016 =

=

–

–

Contributions to a United States retirement plan or a foreign employer-sponsoredpension plan (RC267/RC268/RC269) –

Enter the amount of maximum RRSP deduction room from the 2016 Notice of Assessment

OR perform the following calculation:

30,510

Subtotal

2017 Net past-service pension adjustment (T215)

RRSP deduction limit for 2017

–

=

2017 pension adjustment reversal (PAR) (T10) +

=

Unused RRSP contributions

30,510

30,510

2017 PRPP non-deductible limit (tax exempt income)

2016 PRPP non-deductible limit

2016 tax-exempt earned income

PRPP non-deductible limit for 2017

x 18% (maximum $26,010.00)

2016 PRPP contributions

Unused PRPP contributions at the end of 2016 =

+

–

Enter the amount of maximum PRPP non-deductible room from the 2016 Notice of Assessment

OR perform the following calculation:

=

Note: Starting in 2013, with regards to contributions to a pooled registered pension plan (PRPP), the Income Tax Act allowstax exempt earned income by an Indian (as per the Indian Act definition) to be included in the calculation of his or hernon-deductible PRPP limit.

2016 employer PRPP contribution amount –


PERSONAL TAXPREP 2017

RRSP/PRPP/SPP Deduction Worksheet

Contributions

Issuer's name Contributions paid* AmountSpouse's

RRSP/SPP

Contribution madewith tax-exempt

income(PRPP/VRSP only)

ContributiondateType

Employer'scontribution

amount(PRPP/VRSP only)

8,000 00In the first 60 daysFranklin InvestmentsRRSP

12,000 00In the current yearFranklin InvestmentsRRSP

Total 20,000 00

Contributions made in the first 60 days of the year should have been declared on the previous year tax return, whether deducted or not.*

Summary of contributionsSpousal planTaxpayer's plan

A

Undeducted contributions from previous year

Carried forward from 2016

Paid in the first 60 days of 2017 and not deducted in 2016

Contributions made

Slips

During the remainder of the year

In the first 60 days of 2018

Workers fund (T5006)

During the rest of the year

In the first 60 days of 2018

Amount designated as a repayment under the

Home Buyers' Plan (HBP)

Lifelong Learning Plan (LLP)

Reduction of eligible contributions due to withdrawal of

HBP or LLP

Withdrawal of excess contributions

Total contributions

–

–

–

–

=

+

+

+

+

+

Withdrawal of unclaimed RRSP/PRPP contributions –

12,000 00

8,000 00

20,000 00

RRSP deduction limit


2018 RRSP deduction limit (including contributions carried forward)

2017 employer PRPP contribution amount –

2017 RRSP/PRPP/SPP deduction limit =

30,510

32,917 37

30,510 00 30,510 00

RRSP/PRPP/SPP deduction

Designated transfer to RRSP/PRPP/SPP

Contributions available

Contributions deducted for 2017

Line B plus the lesser of C or D

Deduction claim on line 208 of T1 jacket

Total of taxpayer and spousal plan

Amount A minus amount F

B

C

D

E

F

G

=

=Undeducted contributions which may be carried forward

20,000 0020,000 00

20,000 00

20,000 00

Calculation of the cumulative excess amount in respect of RRSPs for 2017

Available contributions made prior to 2018

Unused 2016 deduction room

Overcontribution tolerance (maximum $2,000)

Contributions made before February 27, 1995, not deducted (maximum $8,000)

2017 Pension adjustment reversal

Amount of non-discretionary contributions made to a group RRSP in 2017


(if negative, enter « 0 » )Subtotal

Cumulative excess amount in respect of RRSPs for 2017 (Form T1-OVP)

+

+

+

+

= –

=

+

12,000 00

30,510 00

2,000 00

32,510 00 32,510 00



Next Year RRSP Deduction Limit

Step 1 – Calculation of the unused RRSP deduction room at the end of 2017

2017 RRSP deduction limit 1

Total RRSP contributions deducted on line 208 2

Unused RRSP deduction room at the end of 2017. (This amount can be negative.) 5

–

=Contributions to a United States retirement plan or a foreign employer-sponsored pension plan (RC267/RC268/RC269) – 4

2017 employer PRPP contribution amount – 3

30,510 00

20,000 00

10,510 00

Step 2 – 2018 RRSP dollar limit

2017 earned income

7RRSP dollar limit for 2018

8Enter the amount from line 6 or 7, whichever is less =

=x 18% 623,320 3726,230 00

23,320 37

129,557 60

Step 3 – 2017 pension adjustment (PA)

2017 PA (the total from box 52 of 2017 T4 slips and box 034 of 2017 T4A slips) 9

Line 8 minus line 9 (if negative, enter "0") 10=

– 913 00

22,407 37

Step 4 – 2018 pension adjustment reversal (PAR)

PAR (the total from box 2 of 2018 T10 slips) 11

Line 10 plus line 11 (enter amount on line 19) 12=

+

22,407 37

Step 5 – 2018 net past service pension adjustment (PSPA)

Exempt PSPA for 2017 (the total from box 2 of T215 slips)

Certified PSPA for 2018 (line A in Part 3 of Form T1004, Applying for the Certification of a Provisional PSPA)

13

Line 13 plus line 14

14

Qualifying withdrawals for 2018 (Part 3 of Form T1006, Designating an RRSP Withdrawal as a Qualifying Withdrawal)

15

+

=

–

2018 net PSPA (This amount can be negative.) =16

17

Step 6 – 2018 RRSP deduction limit

2017 unused RRSP deduction 18

Amount from line 12 19

Line 18 plus line 19 20

2018 net PSPA from line 17 21

+

=

–

2018 RRSP deduction limit (if negative, enter "0") = 22

10,510 0022,407 37

32,917 37

32,917 37

Step 7 – 2018 unused RRSP deduction room



2018 unused RRSP deduction room that can be carried forward to 2019 (This amount can be negative.) 25

–

=

32,917 37

32,917 37

Step 8 – 2018 RRSP contribution

RRSP deduction limit for 2018

Undeducted RRSP contributions carried forward

Line 26 minus line 27

Excess contribution of $2,000 permitted

–

=

+

Maximum contributions that may be made to RRSPs for 2018 (except for transfers) =

26

27

28

29

30

32,917 37

32,917 37

32,917 37



é Protected Bwhen completed

Statement of Real Estate Rentals

For information on how to fill out this form, see Guide T4036, Rental Income.

Use this form if you own and rent real estate or other property. It relates mainly to renting real estate but also covers some other types of rental property such as farmland. This form will help you determine your gross rental income, the expenses you can deduct, and your net rental income or loss for the year.

To determine whether your rental income is from property or a business, consider the number and types of services you provide for your tenants:

If you rent space and only provide basic services such as heating, lighting, parking, laundry facilities, you are earning an income from renting property.

If you provide additional services such as cleaning, security, and meals, you may be conducting a business.

For more information about how to determine if your rental income comes from property or a business, see Interpretation Bulletin IT-434, Rentalof Real Property by Individual, and its Special Release.

If you are a co-owner of a property, you have to determine if a partnership exists before filling in the Identification part below. To determine if you arein a partnership, see Income Tax Folio S4-F16-C1, What is a Partnership?

–

–

Postal code

Part 1 – Identification

Prov./Terr.City

Fiscal period from

Date (YYYYMMDD)

toWas this the final year of your rental operation? Yes No

Date (YYYYMMDD)

Your Social Insurance Number (SIN)Your name

Business name Business number

Business Address

City Prov./Terr. Postal code

Account number (15 characters)

Industry code 5 3 1 1 1 1Tax shelter identification number (8 characters) Partnership business number Your percentage

of ownership %

Name and address of the person or firm preparing this form

Name

Street

2017-01-01 2017-12-31

Lisa Foreman 545 458 556

X

50.00

Part 2 – Details of other co-owners and partners

Co-owner orpartner's nameand address

Share of netincome (loss)

Percentageof ownership %










David Foreman

710 00 50.00

Part 3 – Income

List the addresses of your rental properties Number of units Gross rents

1

In most cases, you calculate your rental income using the accrual method. If you have no amounts receivable and no expenses outstanding at the endof the year, you can use the cash method.

2

3

123 Main Street

Toronto M2K 3E2 1ON 9,600 00

Enter the total of your gross rents in the year you receive them (amount 1 plus amount 2 plus amount 3 ) 8141 49,600 00

8230Other income (for example, premiums and leases, sharecropping) 5

Total gross rental income – Enter this amount on your income tax and benefit return on line 160 (amount 4 plus amount 5) 68299 9,600 00

T776 E (17)


Page 1

Protected B when completed

Part 4 – Expenses

Total expenses

8871

Personal portion

8960

8521

8690

8710

Insurance

Advertising

Interest and bank charges

Repairs and maintenance

Management and administration fees

Office expenses 8810

Professional fees (includes legal and accounting fees) 8860

Salaries, wages, and benefits (including employer's contributions) 9060

9180Property taxes

Travel 9200

1,800 00

2,000 00

480 00

500 00

600 00

1,200 00

9281

9220

Motor vehicle expenses (not including CCA)

Utilities 1,600 00

9270Other expenses

the lines listed under "Total expenses")add (Total expenses

9949 the lines listed under "Personal portion")add (Total for personal portion

A8,180 00

9369Net income (loss) before adjustments (total gross rental income from amount 6 minus deductible expenses from amount 7)

Deductible expenses (total expenses from amount A minus total personal portion on line 9949) 7

8

8,180 00

1,420 00

Co-owners – calculate your share of net income from amount 8. Enter your result on amount 9 9710 00

Minus:

9945Co-owners – other deductible expenses you have asa co-owner which you did not deduct elsewhere 10

amount 10) minus (amount 9Subtotal 11

Plus:

710 00

Recaptured capital cost allowance (co-owners – enter your share of the amount) 9947 12

amount 12) plus (amount 11Subtotal 13

Minus:

710 00

Terminal loss (co-owners – enter your share of the amount) 9948 14

amount 14) minus (amount 13Subtotal 15710 00

Total capital cost allowance claim for the year (from amount B in Area A) 9936 16

Net income (loss) (amount 15 minus amount 16) 17

If you are a sole proprietor or a co-owner enter this amount on line 9946.

Minus:

710 00

Partnerships

Partners – your share of amount 17, or the amount from your T5013 slip, Statement of Partnership Income 18

Plus:

9974Partners – GST/HST rebate for partners received in the year 19

Minus:

Partners – other expenses of the partner 9943 20

Your net income (loss) – For sole proprietors or co-owners, enter this amount on your income tax and benefit returnon line 126. For partnerships, enter the result of amount 18 plus amount 19 minus amount 20. Enter this amount on yourincome tax and benefit return on line 126 9946 21710 00


Page 2

Protected B when completed

The capital cost allowance (CCA) you can claim depends on the type of rental property you own and the date you acquired it. Group the depreciableproperty you own into the appropriate classes. A specific rate of CCA generally applies to each class.

1Class

number

2Undepreciated

capital cost(UCC) at the

start of the year

4Proceeds of

dispositions inthe year

6Adjustment forcurrent-year

additions ((col. 3minus col. 4)divided by 2).

7Col. 2 + col. 3

minuscol. 4 and 6

3Cost of additions

in the year

8CCA rate

(%)

9CCA forthe year

(col. 7 multipliedby col. 8 or

a lesser amount)

10UCC

at the endof the year

Area A – Calculation of capital cost allowance claim

(total of column 9)2Total CCA claim for the year B

Area B – Equipment additions in the year1

Classnumber

5Rental portion

(col.3 minus col.4)

3Total cost

4Personal portion

(if applicable)

2Property details

Total equipment additions in the year (total of column 5) 9925List all building or leasehold interest additions you acquired or improved in the current tax year. Group the depreciable property you own into the appropriate classes.

Area C – Building additions in the year1

Classnumber

5Rental portion

(col.3 minus col.4)

3Total cost

4Personal portion

(if applicable)

2Property details

Total of building additions in the year (total of column 5) 9927

Area D – Equipment dispositions in the year1

Classnumber

5Rental portion

(col.3 minus col.4)

3Proceeds of

disposition (shouldnot be more thanthe capital cost)

4Personal portion

(if applicable)

2Property details

Total equipment dispositions in the year (total of column 5) 9926

Area E – Building dispositions in the year1

Classnumber

5Rental portion

(col.3 minus col.4)

3Proceeds of

disposition (shouldnot be more thanthe capital cost)

4Personal portion

(if applicable)

2Property details

9928Total building dispositions in the year (total of column 5)

Area F – Land additions and dispositions in the yearTotal cost of all land additions in the year

Total proceeds from all land dispositions in the year

9923

9924



Page 3

Statement of Business or Professional Activities

é when completedProtected B

For each business or profession, fill in a separate Form T2125.

For more information on how to fill in this form, see Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.

Fill in this form and send it with your income tax and benefit return.

Use this form to calculate your self-employment business and professional income.

Part 1 – Identification

Business number

Your percentageof the partnership

Tax shelter identification number

Your name

Fiscalperiod

Business name

Business address

City

Name and address of person orfirm preparing this form

Date (YYYYMMDD)

toWas 2017 your last year of business?

Your social insurance number (SIN)

Main product or service Industry code(see the appendix in Guide T4002)

Postal code

Partnership business number

%

Date (YYYYMMDD)Yes No

From

Prov./Terr.

Lisa Foreman 545 458 556

2017-01-01 2017-12-31X

Lisa Web Designs

Webside designing

123 Main Street

541514

Toronto M2K 3E2ON

Part 2 – Internet business activities

How many Internet webpages and websites does your business earn income from? Enter "0" if none.

If your webpages or websites generate business or professional income, fill in this part of the form.

Provide up to five main webpage or website addresses, also known as uniform resource locator (URL):

http://

http://

http://

http://

http://

Percentage of your gross income generated from the webpages and websites.(If no income was generated from the Internet, enter "0".) %

T2125 E (17)


Page 1


Part 3A – Business income

Fill in this part only if you have business income. If you have professional income, leave this part blank and fill in Part 3B.If you have both business and professional income, you have to fill out a separate Form T2125 for each.Part 3B – Professional income

Fill in this part only if you have professional income. If you have business income, leave this part blank and fill in Part 3A.If you have both business and professional income, you have to fill out a separate Form T2125 for each.

Note: New proposed rules allow you to include your work in progress (WIP) progressively if you elected to use billed basis accounting for the last tax year thatstarted before March 22, 2017. Generally, for the first tax year that starts after March 21, 2017, you must include 50% of the lesser of the cost and the fairmarket value of WIP. For more information, see chapter 2 of guide T4002.

Part 3A – Business income

Gross sales, commissions, or fees (include GST/HST collected or collectible) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110,000 00

Adjusted gross sales: Amount 3 plus amount 6 (enter on line 8000 of Part 3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

GST/HST, provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 1) . . . . . . . . . . . amount 2 minus: Amount 1Subtotal

amount 5 minus: Amount 4Subtotal

2

3

6

If you are using the quick method for GST/HST – Government assistance calculated as follows:GST/HST collected or collectible on sales, commissions and fees eligible for the quick method . . . . . . 4

GST/HST remitted, calculated on (sales, commissions, and fees eligible for the quick method plusGST/HST collected or collectible) multiplied by the applicable quick method remittance rate . . . . . . . 5

10,000 00

10,000 00

Part 3B – Professional income

9

Gross professional fees including work-in-progress (WIP) (including GST/HST collected or collectible) . . . . . . . . . . . . . . . . . . 8GST/HST, provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 8) and any WIPat the end of the year you elected to exclude . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

amount 9 minus: Amount 8Subtotal 10

13

Work-in-progress (WIP), start of the year, per election to exclude WIP (see Guide T4002, Chapter 2) . . . . . . . . . . . . . . . . . . . 14

Adjusted professional fees: Amount 10 plus amount 13 plus amount 14 (enter on line 8000 of Part 3C) . . . . . . . . . . . . . . . . 15

If you are using the quick method for GST/HST – Government assistance calculated as follows:GST/HST collected or collectible on professional fees eligible for the quick method . . . . . . . . . . . . .

GST/HST remitted, calculated on (professional fees eligible for the quick method plus GST/HSTcollected or collectible) multiplied by the applicable quick method remittance rate . . . . . . . . . . . . . .

11

12

amount 12 minus: Amount 11Subtotal

Part 3C– Gross business or professional income

Adjusted gross sales (amount 7 of Part 3A) or adjusted professional fees (amount 15 of Part 3B) . . . . . . . . . . . . . . . . . 8000

Reserves deducted last year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8290

10,000 00

Other income 8230

line 8230 plus: Line 8290Subtotal 16

Gross business or professional income: Line 8000 plus amount 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8299

Report the gross business or professional income from line 8299 on the applicable line of your income tax and benefit return as indicated below:

business income on line 162

professional income on line 164

commission income on line 166

10,000 00

For Parts 3D, 4, and 5, if GST/HST has been remitted or an input tax credit has been claimed, do not include GST/HST when you calculate the costof goods sold, expenses, or net income (loss).

Part 3D – Cost of goods sold and gross profit

Opening inventory (include raw materials, goods in process, and finished goods) . . . . . . . . . . Purchases during the year (net of returns, allowances, and discounts) . . . . . . . . . . . . . . . . Direct wage costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subcontracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8320

8360

8340

8450

8300

If you have business income, fill in this part. Enter only the business part of the costs.

Gross business income (line 8299 of Part 3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

: Add the amounts aboveSubtotal 18

10,000 00

8500 line 8500 minus: Amount 18Cost of goods sold 8518

Gross profit (or loss): Amount 17 minus amount 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8519

Minus: Closing inventory (include raw materials, goods in process, and finished goods) . . . . . . 19

10,000 00


Page 2


Part 4 – Net income (loss) before adjustments

Expenses (enter only the business part)

Gross business or professional income (line 8299 of Part 3C) or Gross profit (line 8519 of Part 3D) . . . . . . . . . . . . . . . . . a10,000 00

Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8521 500 00

Meals and entertainment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8523 500 00

Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Business taxes, licences, and memberships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8590

8760

Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest and bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Management and administration fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8690

8710

8871

Office expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8810

Office stationery and supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8811

Professional fees (includes legal and accounting fees) . . . . . . . . . . . . . . . . . . . . . . . . . 8860

Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8910

Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8960

500 00

400 00

Salaries, wages, and benefits (including employer's contributions) . . . . . . . . . . . . . . . . . . . 9060

Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9180 1,200 00

Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Travel expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9200

9220 1,500 00

Delivery, freight, and express . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fuel costs (except for motor vehicles) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9275

9224

Motor vehicle expenses (not including CCA) (amount 15 of Chart A) . . . . . . . . . . . . . . . . . 9281Capital cost allowance (CCA). Enter amount i of Area A minus any personal part and anyCCA for business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9936

Other expenses (specify): 9270

: Total of the above amountsTotal expenses 9368

Net income (loss) before adjustments: Amount a minus amount b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9369

b4,600 00

5,400 00

4,600 00

Part 5 – Your net income (loss)

Your share of line 9369 or the amount from your T5013 slip, Statement of Partnership Income . .

Minus: Other amounts deductible from your share of the net partnership income (loss) (amount 6 of Part 6) . . . . . . . . . . . Net income (loss) after adjustments: Amount d minus line 9943 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9943

Minus: Business-use-of-home expenses (amount 16 of Part 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9945

Your net income (loss): Amount e minus line 9945 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9946

c

e

Report the net income amount from line 9946 on the applicable line of your income tax and benefit return as indicated below:

Plus: GST/HST rebate for partners that was received in the year . . . . . . . . . . . . . . . . . . . 9974

d line 9974 plus: Amount cTotal

professional income on line 137

commission income on line 139

business income on line 135

5,400 00

5,400 00

5,400 00

5,400 00 5,400 00


Page 3


Part 6 – Other amounts deductible from your share of the net partnership income (loss)

Business use of motor vehicle

Claim expenses you incurred that were not included in the partnership statement of income and expenses, and for which thepartnership did not reimburse you. These claims must not be included in the claims already calculated for the partnership.

Add amounts 1 to 11Total other amounts deductible from your share of the net partnership income (loss):(enter this on line 9943 of Part 5)

Meals and entertainment

Private health services plan premiums

1

2

3

4

5

6

7

8

9

10

11

12

List details of expenses: Expense amounts

Part 7 – Calculation of business-use-of-home expensesHeat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mortgage interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other expenses (specify):

Add amounts 1 to 7Subtotal:

Minus: Personal-use part of the business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . amount 9 minus Amount 8Subtotal:

Amount carried forward from previous year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Add amounts 10 to 12Subtotal:

Minus: Net income (loss) after adjustments (amount e of Part 5) (if negative, enter "0") . . . . . . . . . . . . Business-use-of-home expenses available to carry forward: Amount 13 minus amount 14(if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Allowable claim: The lesser of amount 13 and 14 above (enter your share of this amount on line 9945 of Part 5) . . . . . . . . . .

Capital cost allowance (business part only), which means amount i of Area A minus any portion ofCCA that is for personal use or entered on line 9936 of Part 4 . . . . . . . . . . . . . . . . . . . . . . .

16

1

14

2

3

4

5

6

7

8

9

10

11

12

13

15

Plus:

5,400 00

Prov./Terr.

Prov./Terr.

Address Prov./Terr.

Part 8 – Details of other partners

Address

Address Prov./Terr.

Address

Percentage of partnershipShare of net income or (loss)

Name of partner


Name of partner

Do not fill in this chart if you must file a partnership information return.

Name of partner

Percentage of partnershipPostal code Share of net income or (loss)

%$

%$

Postal code

Name of partner


$ %

Postal code

$ %

Postal code

Part 9 – Details of equityTotal business liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Drawings in 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital contributions in 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9931

9932

9933


Page 4


Area A – Calculation of capital cost allowance (CCA) claim

Part XI properties (acquired after 1971)

CCA other than classes 10.1 and 13

1Class

number

2Undepreciated

capital cost(UCC) at the

start of the year

3Cost of additions

in the year

4Proceeds ofdispositionsin the year

7Base amount

for CCAAmount

to besubtracted

8CCARate(%)

9CCA for the year(col. 7 multiplied

by col. 8 or anadjusted amount)

10UCC

at the endof the year

Total CCA for classes other than 10.1 and 13.

(enter the amount on line 9936 of Part 4,Total CCA claim for the year: Total of column 9 any personal part and any CCA for business-use-of-home expenses*) minusamount i i

* For information on CCA for "Calculation of business-use-of-home expenses," see "Special situations" in Guide T4002, Chapter 4.To help you calculate the capital cost allowance claim, see the calculation charts in Areas B to F.

Area B – Equipment additions in the year1

Classnumber

2Property

description

3Total cost

4Personal part(if applicable)

5Business part

(column 3 minuscolumn 4)

Total equipment additions in the year: Total of column 5 9925

Area C – Building additions in the year1

Classnumber

2Property

description

3Total cost


5Business part


Total of building additions in the year: Total of column 5 9927

Area D – Equipment dispositions in the year1

Classnumber

2Property

description

3Proceeds ofdisposition

(should not be morethan the capital cost)


5Business part


Total equipment dispositions in the year: Total of column 5 9926Note: If you disposed of property from your farming businessin the year, see Chapter 3 of Guide T4002 for informationabout your proceeds of disposition.

Area E – Building dispositions in the year1

Classnumber

2Property

description

3Proceeds ofdisposition

(should not be morethan the capital cost)


5Business part


Total building dispositions in the year: Total of column 5 9928Note: If you disposed of property from your farming businessin the year, see Chapter 3 of Guide T4002 for informationabout your proceeds of disposition.

Area F – Land additions and dispositions in the year

Total cost of all land additions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total proceeds from all land dispositions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9923

9924

Note: You cannot claim capital cost allowance on land. For more information, see Chapter 3 of Guide T4002.

See the privacy notice on your return


Page 5

Pension Adjustment

Pension adjustment from box 52 on T4 slips

Pension adjustment from box 034 on T4A slips +

Pension adjustment from RC267

Pension adjustment from RC268 +

+

Pension adjustment from RC269 +

Pension adjustment (T1, line 206) =

913 00

913 00


personal and confidential · federal tax schedule 1 this is step 5 in completing your return....

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