Loss of Income - Income Tax Information
In order to calculate pre-claim and post-claim
income, amounts are taken from the HCV Infected Person's T1
Income Tax return as well as from other documentation
to support the income earned and received.
Below is a brief description of which
lines of the T1 Income Tax Return are relevant:
Line 101: Employment
Income
- Represents the total of amounts
shown in box 14 of T4 slips (Note: This does not apply if
the Approved Class Member is/was self-employed)
Line 102: Commission
Income
- Represents amounts earned as
a commission
- These amounts are already included
on line 101
Line 104: Other
Employment Income
- Represents amounts that are
not reported on T4 slips such as:
- tips
- occasional earnings
- net research grants
- foreign employment income
- income maintenance insurance
plans
- GST/HST and QST rebates
Line 114: Canada
Pension Plan/Quebec Pension Plan Benefits
- Represents amounts that are
reported in box 20 of T4A(P) slips
Line 152: Canada
Pension Plan/Quebec Pension Plan Disability Benefits
- Represents disability benefits
reported in box 16 of T4A(P) slips
- These amounts are already included
on line 114
Line 119: Unemployment/Employment
Insurance Benefits
- Represents amounts that are
reported in box 14 of T4E slips
Line 126: Net
Rental Income/Loss
- Represents gross rental revenues
less expenses
- This amount is supported by
form T776, Statement of Real Estate Rentals
Line 130: Other
Income
- Represents income that is not
reported anywhere else on the return such as:
- scholarships, fellowships,
bursaries, study grants, project grants
- lump sum payments from pensions
and deferred profit-sharing plans
- retiring allowances
- death benefits (other than
Canada or Quebec Pension Plan benefits)
Line 135: Net
Business Income/Loss
- Represents gross business income
less expenses
- This amount is supported by
form T2124, Statement of Business Activities
Line 137: Net
Professional Income/Loss
- Represents gross professional
revenues less expenses
- This amount is supported by
form T2032, Statement of Professional Activities
Line 139: Net
Commission Income/Loss
- Represents gross commission
revenues less expenses
- This amount is supported by
form T2124, Statement of Business Activities or form T2032,
Statement of Professional Activities
Line 141: Net
Farming Income/Loss
- Represents gross farming revenues
less expenses
- This amount is supported by
form T2042, Statement of Farming Activities
Line 143: Net
Fishing Income/Loss
- Represents gross fishing revenues
less expenses
- This amount is supported by
form T2121, Statement of Fishing Activities
Line 144: Workers
Compensation Benefits
- Represents amount shown in box
10 of T5007 slip
- A deduction is claimed on line
250 for the same amount as reported on this line
The Lines below this point are used by the Administrator
in assessing your claim, but should not be put on any forms.
Line 220: Support Payments
- Represents the amount that is
allowed to be deducted relating to spousal and child support
Line 229: Other
Employment Expenses
- Represents expenses that were
incurred to earn employment income reported on line 101
- This amount is supported by
form T777, Statement of Employment Expenses
Line 300: Basic
Personal Amount
- Represents a tax credit that
all taxpayers are allowed to claim
Line 303: Spousal
Amount
- Represents a tax credit that
can be claimed if the taxpayer had a spouse whom the taxpayer
supported
Line 305: Amount
for an Eligible Dependant
- Represents a tax credit that
a taxpayer can claim if he/she met all of the following
three conditions:
- He/she is single, divorced,
separated, or widowed;
- He/she supports a dependant;
and
- He/she lived with a dependant
in a home that he/she maintained.
Line 308: Canada
or Quebec Pension Plan Contributions through Employment
- Represents amounts shown in
boxes 16 and 17 of T4 slips
Line 310: Canada
or Quebec Pension Plan Contributions on Self-Employment Earnings
- Represents amount of contributions
that are payable on self-employment earnings
Line 312: Unemployment/Employment
Insurance Premiums
- Represents amounts shown in
box 18 of T4 and T4F slips
Line 316: Disability
Amount
- Represents a tax credit that
a taxpayer can claim if a qualified person certifies both
of the following conditions:
- The taxpayer has a severe mental
or physical impairment in the year, which caused him/her
to be markedly restricted all or almost all of the time
in any of the basic activities of daily living; and
- The taxpayers impairment is
prolonged, which means it has lasted, or is expected to
last, for a continuous period of at least 12 months.
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