Line 15000 refers to a specific line on your tax return form where you enter the total income you earned from all sources during the tax year. Line 15000 includes everything from your salary and wages to any investment income or tips you may have received. Your total income is used to determine how much tax you owe.
How much will I be taxed on line 15000 (line 150)?
As well they have asked our company how much will be taxed on this income. The answer is simply that the total of your income on Line 15000 (Line 150), will determine your taxable amount owing. You see CERB and EI add to your overall total income for the year. The higher your total income on Line 15000 the higher your tax bracket will be.
What income sources can be added to my 15000 tax return?
The following is a list of the income sources that can be added to calculate your line 15000 tax return: Line 11300: Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Allowance from T4A (OAS) slips and it comprises your total income. Line 14700: The total amounts of 14400-14600 should be calculated and entered here.
