How are non refundable income tax brackets calcula...

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

How are non refundable income tax brackets calculated?

 
1 Reply
Highlighted
Moderator

How are non refundable income tax brackets calculated?

Most non-refundable credits are calculated at 15% federally (the lowest tax rate). There are exceptions for donations and some provincial credits but generally the amount of the credit applied to your tax owing is 15% of the credit itself. This is because the credit is applied to your tax owing (which is calculated using the various tax brackets).

You can see the calculation for your federal tax owing, including the amount of all your non-refundable credits, on your PDF copy of your return - specifically Schedule 1.

v