Protected B when com
Step 2 - British Columbia tax on taxable income
Enter your taxable income from line 260 of your return.
Complete the appropriate column depending on the amount on line 39.
Enter the amount from line 39.
Line 40 minus line 41 (cannot be negative)
Multiply line 42 by line 43 .
Add lines 44 and 45.
British Columbia tax on taxable income
Step 3 - British Columbia tax
Enter your British Columbia tax on taxable income from line 46.
Enter your British Columbia tax on split income from Form T1206.
Add lines 47 and 48.
Enter your British Columbia non-refundable tax credits from line 38.
British Columbia dividend tax credit:
Credit calculated for line 6152 on the Provincial Worksheet
British Columbia minimum tax carryover.
Amount from line 427 of your federal Schedule 1
imes 33.7%=
6152
6151
50
.51
.52
Add lines 50 to 52.
Line 49 minus line 53 (if negative, enter " 0 ")
British Columbia additional tax for minimum tax purposes:
Amount from line 117 of Form T691
Add lines 54 and 55.
Provincial foreign tax credit from Form T2036
Line 56 minus line 57 (if negative, enter " 0 ")
BC tax reduction
If your net income (line 236 of your return) is less than $32,221, complete the following calculation.
Otherwise, enter " 0 " on line 65 and continue on line 66.
Basic reduction claim $444
Enter your net income from line 236 of your return.
Base amount
Line 60 minus line 61 (if negative, enter "0")
Applicable rate
Multiply line 62 by line 63.
Line 59 minus line 64 (if negative, enter " 0 ")
Line 58 minus line 65 (if negative, enter " 0 ")
Logging tax credit from Form FIN 542 S or Form FIN 542P
Line 66 minus line 67 (if negative, enter " 0 ")
Continue on the next page.
5010-C
Protected B when com
Step 2 - British Columbia tax on taxable income Enter your taxable income from line 260 of your return. Complete the appropriate Line 39 is more Line 39 is more Line 39 is more Line 39 is more colurmn depending on the than$77,797but not than $89,320 but not amount on line 39. than $38,898 but not than $108,460 Line 39 is more than $89,320 more than $108,460 $38.898 or less more than $77,797 40 Enter the amount from line 39. 108,46000 41 77,79700 89,32000 0,00 38,898/00 42 Line 40 minus line 41 = (cannot be negative) 12.29% 14.7% 43 10.5% X Multiply line 42 5.06% x 7.7% 44 by line 43. 6,17300 8,52500 45 +000 1,96800 4,96300 1+ Add lines 44 and 45. British Columbia tax on taxable 46 income
Step 3-British Columbia tax Enter your British Columbia tax on taxable income from line 46. Enter your British Columbia tax on split income from Form T1206 Add lines 47 and 48.
47 48 49
6151+
Enter your British Columbia non-refundable tax credits from line 38 British Columbia dividend tax credit: Credit calculated for line 6152 on the Provincial Worksheet British Columbia minimum tax carryover Amount from line 427 of your federal Schedule 1 Add lines 50 to 52 Line 49 minus line 53 if negative,enter 0) British Columbia additional tax for minimum tax purposes: Amount from line 117 of Form T691 Add lines 54 and 55. Provincial foreign tax credit from Form T2036 Line 56 minus line 57if negative,enter 0
50
6152
.51
x33.7%= 6154
.52
53 54
x33.7%=
+ =
55 56 57 58
BC tax reduction If your net income (line 236 of your return is less than $32,221,complete the following calculation Otherwise,enter 0on line 65 and continue on line 66. Basic reduction claim $444
59
Enter your net income from line 236 of your return. Base amount Line 60 minus line 61if negative,enter0) Applicable rate Multiply line 62 by line 63 Line 59 minus line 64if negative,enter 0) Line 58 minus line 65if negative,enter 0) Logging tax credit from Form FIN 542S or Form FIN 542P Line 66 minus line 67if negative,enter 0)
60 19,74900 61 62 3.56% 63
= x =
64
65 66
=
67 68
Continue on the next page
5010-C
