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Cost of living tax credit |
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Adjusted net income |
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| Enter your net income from line 23600 of your return |
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1 |
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| Enter the amount you claimed on lines 24400 and 25000 of your return |
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2 |
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| Line 1 minus line 2 (if negative, enter "0") |
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3 |
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| Enter the amount you claimed for foreign income on line 25600 of your return that is exempt under a tax treaty |
62450 |
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4 |
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| Line 3 minus line 4 (if negative, enter "0") |
Adjusted net income |
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5 |
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Basic credit |
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| Enter the amount from line 5 |
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6 |
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| Applicable rate |
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x |
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7 |
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| Multiply line 6 by line 7 |
Basic credit
(maximum $1,500) |
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•8 |
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| Cost of living supplement for single parents |
(Claim? Yes No) |
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| You can claim the supplement if you were a single parent at any time in 2024 and your adjusted net income (line 5) is more than $60,000. |
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| Enter the amount from line 5 |
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9 |
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| Base amount |
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10 |
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| Line 9 minus line 10 (if negative, enter "0") |
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11 |
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| Applicable rate |
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x |
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12 |
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| Line 11 multiplied by the percentage from line 12 |
Cost of living supplement
(maximum $255.12) |
63940 |
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13 |
| Add line 8 and line 13 |
Total cost of living tax credit |
63990 |
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•14 |
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Political contribution tax credit |
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| Nunavut political contributions made in 2024 |
63991 |
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15 |
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| Credit calculated for line 16 on the Territorial Worksheet |
(maximum $500) |
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16 |
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| Enter your Nunavut tax from line 42800 of your return |
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17 |
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| Amount from line 14 |
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18 |
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| Line 17 minus line 18 (if negative, enter "0") |
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19 |
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Enter whichever is less:
the amount from line 16 or line 19 |
Political contribution tax credit |
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20 |
Line 14 plus line 20
Enter the result on line 47900 of your return. |
Nunavut credits |
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21 |
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