 Guide to Preparing 2022 Personal Tax Returns
 What's new for 2022?
Personal tax calendar (2023) Personal tax rates and tools
Filing tips for 2022 personal tax returns
Chapter 1 – The T1 return – Getting started
Chapter 2 – Total income
Chapter 3 – Net income deductions
Chapter 4 – Taxable income
Chapter 5 – Federal non-refundable tax credits
 Chapter 6 – Federal tax payable or refundable
Overview Net federal tax Federal tax calculation – Brackets and rates What's new for 2022? Non-residents Annotations Line 40424 – Tax on split income Overview Historical perspective Liability for TOSI Specified individual Split income Related business Source individual Excluded amounts Amounts received on inherited property – Individuals 24 and younger Amounts not derived from a related business – Individuals 18 and older Amounts derived from an excluded business – Individuals 18 and older Bright-line test Business cessation or disposal Interaction with subsection 82(3) election Reorganizations or other changes to person or partnership carrying on the business Example – Excluded business exception Amounts received on excluded shares – Individuals 25 and older Amounts received where spouse or common-law partner is 65 or older Amounts received where spouse or common-law partner died before the end of the year Amounts received as a result of breakdown of marriage or common-law partnership Taxable capital gains deemed to be realized on death Taxable capital gains realized on QSBC shares or qualified farm or fishing property Returns on capital contributed – Individuals age 18 to 24 Amounts representing a reasonable return – Individuals 25 and older Reasonable return Amounts received on inherited property – Continuity rules for individuals 18 and older Exclusions — Summary table Non-arm's length dispositions by a minor Administration Reporting TOSI Joint liability Annotations Surtax on income earned outside Canada Federal tax otherwise payable Individual's income for the year Income not earned in a province Residents Annotations Recapture of investment tax credit Reporting Annotations Minimum tax Liability Computation of AMT Adjusted taxable income Tax credits Foreign tax credit Federal tax on split income AMT carryforward Annotations Line 41500 – Canada workers benefit advance payments received What's new for 2022? Reporting Non-residents Annotations Line 41800 – Special taxes Additional tax on RESP accumulated income payments Calculation of the additional tax Reduction of the amount of AIPs subject to the additional tax Documentation Non-residents Tax on excess employee profit-sharing plan (EPSP) amounts Specified employee Excess EPSP amount Calculation of the special tax payable on excess EPSP amounts Waiver or cancellation Filing and payment of tax Tax related to the non-purchase of replacement shares in a Quebec labour-sponsored fund Annotations Social benefits repayment and additional contributions Line 42100 – CPP contributions payable on self-employment income and other earnings What's new for 2022? Non-residents Annotations Line 42120 – Employment insurance premiums payable on self-employment and other eligible earnings What's new for 2022? Calculation of EI premiums on self-employment income Canadian residents who are non-residents of Quebec on December 31 Canadian residents who are residents of Quebec on December 31 Non-residents Annotations Line 42200 – Social benefits repayment What's new for 2022? Old age security benefits Calculation of the repayment Adjusted income Withholding Employment insurance benefits Calculation of the repayment Adjusted income Non-residents OAS benefits Calculation Withholding Countries whose residents are not required to file Form T1136 Annotations Abatement, refundable credits, rebates, tax paid, and overpayments Line 43700 – Total income tax deducted Non-residents Annotations Line 43800 – Tax transfer for residents of Quebec Annotations Line 44000 – Refundable Quebec abatement Federal tax otherwise payable Income earned in Quebec Non-residents Annotations Line 44100 – Federal refundable First Nations abatement (on T1 return for Yukon residents) Non-residents Annotations Line 44800 – CPP or QPP overpayment What's new for 2022? Non-residents Annotations Line 45000 – Employment insurance overpayment What's new for 2022? Canadian residents who are non-residents of Quebec on December 31 Canadian residents who are residents of Quebec on December 31 Net EI overpayment (Line 45100 of the T1 return for Quebec residents) Non-residents Annotations Line 45200 – Refundable medical expense supplement What's new for 2022? Reduction Adjusted family net income Non-residents Annotations Line 45300 – Canada workers benefit What's new for 2022? Eligibility requirements Common requirements Eligible dependant Basic CWB Eligible spouse Working income Adjusted net income Secondary-earner exemption CWB disability supplement Calculation of the CWB Basic CWB CWB disability supplement Indexation Prepayment Non-residents Annotations Line 45350 – Canada training credit What's new for 2022? Eligibility Training amount limit Calculation of the credit Interaction with the tuition credit Indexation Non-residents Annotations Line 45400 – Refund of investment tax credit Non-residents Annotations Line 45600 – Part XII.2 trust tax credit Annotations Line 45700 – Employee and partner GST/HST rebate Employees Restrictions Harmonized sales tax (HST) Quebec sales tax (QST) Partners Documentation Annotations Lines 46800 and 46900 – Eligible educator school supply tax credit Amount of the tax credit Eligible educator Eligible supplies expenses Documentation Certificate from employer or delegated official Non-residents Annotations Line 47555 – Canadian journalism labour tax credit Qualifying journalism organization Calculation of the credit – Partnerships Qualifying labour expenditure Eligible newsroom employee Claiming the credit Annotations Line 47556 – Return of fuel charge proceeds to farmers tax credit Farming activities Calculation of the credit Claiming the credit Annotations Line 47557 – Air quality improvement tax credit (new for 2022) Qualifying locations Qualifying expenditures Calculation of the credit Claiming the credit Annotations Line 47600 – Tax paid by instalments Annotations Refund or balance owing Line 48400 – Refund Annotations Line 48500 – Balance owing Annotations Chapter 7 – Provincial and territorial tax
Chapter 8 – Quebec provincial income tax
Chapter 9 – Special situations and tax planning
Chapter 10 – Taxation of immigrants, emigrants, and non-residents
Chapter 11 – Administration
Appendices
| 
