Question 1 T2125 - part 3B - line 3H - part 3C - line 8299...
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Question
Accounting
Question 1
T2125
- part 3B - line 3H
- part 3C - line 8299
- part 4 - line 4A
(all same value)
Question 2
T2125 - part 7 - line 7H
subtotal of business-use-of-home expenses
Question 3
T2125 - part 7 - line 7I
personal portion of the business-use-of-home expenses
Question 4
T2125 - part 7 - line 7J
business portion of business-use-of-home expenses
Question 4 options:
Question 5
T2125 - Area A - Table for CCA claim
Note: all columns that are not answers submitted below have a value of ZERO
Enter values, in order, for columns listed below:
Column 1, 3, 7, 10, 12, 15, 16, 17, 18, 19
Question 6
T2125 - part 5 - line 9946
Anna's net income from her self-employment
Question 7
Federal Worksheet - Line 12100 Interest and Other Investment Income - line 11
This is the amount of interest income from her T5 that Anna will be taxed on
Question 8
T1 - step 2 - line 31
This is Anna's total income
Question 9
T1 - step 3 - line 34
This is the allowable RRSP deduction Anna can claim, according to the Schedule 7 form
Question 10
S8 - part 3 - line 7 OR 9
The amount of CPP contributions Anna is able to claim as a tax credit
(the amount she has already paid OR the amount she is correctly required to pay - whichever is less)
Question 11
S8 - Part 3 - line 8 OR 10
This is the amount of "enhanced CPP contributions" Anna may have paid. This will be counted as a deduction.
Question 12
S8 - part 5b - line 44
The additional amount of CPP contributions Anna owes on her self-employment income
Question 13
S8 - part 5b - line 51
This is the employee portion of her self-employment CPP expense that Anna recieves as a tax credit
Question 14
S8 - part 5b - line 54
The tax break Anna will receive to compensate for the employer portion of her CPP contributions on self-employment income
(usually an employer pays half and the employee pays the other half - if you are self-employed the government treats the employer half like a business expense and doesn't tax you on it, therefore it's a deduction)
Question 15
T1 - step 4 - line 66
This is Anna's taxable income
Question 16
T1 - step 5: part A - line 73
Anna's tax payable based on her taxable income
Question 17
S13 - line 9
The amount of additional EI premiums Anna owes on her self-employment income
Question 18
T1 - Step 5 - part B - line 104 and 111
Question 19
T1 - step 5 - part B - line 115
Anna's total federal non-refundable tax credits
Question 20
S9 - line 23
The amount of her charitable donation that Anna can claim federally
Question 21
T1 - step 5: part C - line 123, 131 and 139
(all values the same)
Net federal tax - total amount of tax that Anna owes the federal government
Question 22
ON428 - Part A - line 8
Amount of tax payable provincially according to Anna's taxable income
Question 23
ON428 - Part B - line 35 and 44
Question 24
ON428 - Part B - line 50
Total Ontario non-refundable tax credits
Question 25
ON428 - Part C - lines 55, 61, 62, 73, 83, 84 and 88
(all same value)
Question 26
ON428 - Part C - line 90
Net provincial tax - total amount of tax that Anna owes the provincial government
Question 27
ON-BEN - link provided at top of page
This simple form is only an application to be considered for the Ontario Trillium Benefit. However, by following the link provided at the top of that page and answering a few questions about Anna that we already know the answers to, we can find the estimated that Anna qualifies for.
What is Anna's total estimated benefit amount?
Question 28
T1 - Step 6 - line 145
This is Anna's total tax payable - the total amount of tax that Anna owes for this year
but there are still some final amounts to be accounted for, such as taxes already paid...
Question 29
T1 - Step 7 - line 163
final credits counted against the tax you owe (or result in taxes owed), including taxes already paid
Question 30
T1 - Step 7 - line 48400 OR 48500
What is Anna's final Refund amount that she will be receiving from the government? OR
What is Anna's final balance that she owes to the government?
(note: the questions are intentionally phrased so that either way the answer should be a positive number)








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