ARCHIVED - Refund or Balance owing
On this page…
- Line 421 - CPP contributions payable on self-employment and other earnings
- Line 422 - Social benefits repayment
- Line 424 - Federal tax on split income
- Line 425 - Federal dividend tax credit
- Line 426 - Overseas employment tax credit
- Line 427 - Minimum tax carry-over
- Line 428 - Provincial or territorial tax
- Lines 431 and 433 - Federal foreign tax credit
- Line 437 - Total income tax deducted
- Line 438 - Tax transfer for residents of Quebec
- Line 440 - Refundable Quebec abatement
- Line 448 - CPP overpayment
- Line 450 - Employment Insurance overpayment
- Line 452 - Refundable medical expense supplement
- Line 454 - Refund of investment tax credit
- Line 456 - Part XII.2 trust tax credit
- Line 457 - Employee and partner GST/HST rebate
- Line 476 - Tax paid by instalments
- Line 479 - Provincial or territorial credits
- Line 484 - Refund
- Line 485 - Balance owing
Line 421 - CPP contributions payable on self-employment and other earnings
If you were not a resident of Quebec on December 31, 2004, enter the Canada Pension Plan (CPP) contributions you have to pay from line 10 on Schedule 8.
If you were a resident of Quebec on December 31, 2004, this line does not apply to you. Enter the Quebec Pension Plan contributions you have to pay on your provincial income tax return for Quebec.
Line 422 - Social benefits repayment
Enter the amount of social benefits you have to repay, from line 235 of your return.
Line 424 - Federal tax on split income
Line 425 - Federal dividend tax credit
Line 426 - Overseas employment tax credit
Line 427 - Minimum tax carry-over
Line 428 - Provincial or territorial tax
If you were not a resident of Quebec on December 31, 2004, use Form 428 in the forms book to calculate your provincial or territorial tax. Attach a copy to your paper return.
If you were a resident of Quebec on December 31, 2004, this line applies to you only if you had a business with a permanent establishment outside Quebec. In that case, use Form T2203, Provincial and Territorial Taxes for 2004 - Multiple Jurisdictions , to calculate your tax for provinces and territories other than Quebec. Attach a copy to your paper return. To calculate your tax for Quebec, you will have to file a provincial income tax return for Quebec.
Lines 431 and 433 - Federal foreign tax credit
Line 437 - Total income tax deducted
Enter the total of the amounts shown in the "Income tax deducted" box from all of your Canadian information slips. However, if you were a resident of Quebec on December 31, 2004, do not include on this return any of your Quebec provincial income tax deducted.
If you were not a resident of Quebec on December 31, 2004, but you had Quebec provincial income tax withheld from your income, include those amounts on this line. Attach your provincial information slips to your paper return.
NotesIf you paid tax by instalments in 2004, claim them on line 476.
If tax was withheld from your OAS benefits (as shown in box 22 of your T4A(OAS) slip), make sure you claim it on this line.
If you paid foreign taxes, do not claim these amounts on this line. However, you may be able to claim a foreign tax credit (see "Lines 431 and 433 - Federal foreign tax credit").
Line 438 - Tax transfer for residents of Quebec
If you were a resident of Quebec on December 31, 2004, you may have earned income, such as employment income, outside Quebec during 2004. In that case, tax may have been deducted for a province or territory other than Quebec.
You can transfer, to the Province of Quebec, up to 40% of the income tax shown on information slips issued to you by payers outside Quebec.
Enter on line 438 of your federal return and on line 454 of your provincial income tax return for Quebec the amount you want to transfer (up to the maximum). If the taxable income on your provincial income tax return for Quebec is zero, no transfer is necessary.
Line 440 - Refundable Quebec abatement
The Quebec abatement is provided under the federal-provincial fiscal arrangement, in place of direct cost-sharing by the federal government. It reduces your balance owing and may even give you a refund.
If you were a resident of Quebec on December 31, 2004, and you did not have a business with a permanent establishment outside Quebec, your refundable Quebec abatement is 16.5% of the basic federal tax on line 13 of Schedule 1.
If you had a business with a permanent establishment outside Quebec, or you were not a resident of Quebec on December 31, 2004, and you had a business with a permanent establishment in Quebec, use Form T2203, Provincial and Territorial Taxes for 2004 - Multiple Jurisdictions , to calculate your abatement.
Line 448 - CPP overpayment
If you were not a resident of Quebec on December 31, 2004, and you contributed more to the Canada Pension Plan (CPP) than you had to (see line 308), enter the difference on this line. We will refund the excess contributions to you or use them to reduce your balance owing.
If you were a resident of Quebec on December 31, 2004, this line does not apply to you. Claim the excess amount on your provincial income tax return for Quebec.
Line 450 - Employment Insurance overpayment
If you contributed more than you had to (see "Line 312 - Employment Insurance premiums"), enter the difference on line 450. We will refund the excess amount to you or use it to reduce your balance owing. If the difference is $1.00 or less, you will not receive a refund.
Note
If you repaid some of the Employment Insurance benefits you received, do not claim the repayment on this line. You may be able to claim a deduction on line 232 for the benefits you repaid.
Line 452 - Refundable medical expense supplement
You may be able to claim a credit of up to $562 if all of the following apply:
- You have an amount on line 215 on your return or on line 332 of Schedule 1.
- You were resident in Canada throughout 2004.
- You were 18 or older at the end of 2004.
In addition, the total of the following two amounts has to be $2,809 or more:
- your employment income on lines 101 and 104 (other than amounts received from a wage-loss replacement plan) minus the amounts on lines 207, 212, 229, and 231 (but if the result is negative, use "0"); and
- your net self-employment income (not including losses) from lines 135 to 143.
You cannot claim this credit if the total of your net income (line 236) and your spouse or common-law partner's net income (line 236 of his or her return, or the amount that it would be if he or she filed a return) is $32,541 or more. However, if you were separated because of a breakdown in your relationship for a period of 90 days or more that included December 31, 2004, you do not have to include your spouse or common-law partner's income when calculating this credit.
Make sure you enter, in the Identification area on page 1 of your return, your marital status and, if it applies, the information concerning your spouse or common-law partner (including his or her net income, even if it is zero).
Complete the chart for line 452 on the Federal Worksheet in the forms book to calculate your claim. You can claim this credit for the same medical expenses that you claimed on line 215 of your return and line 332 on Schedule 1.
Line 454 - Refund of investment tax credit
If you are eligible for an investment tax credit (line 412 on Schedule 1) based on expenditures made in 2004, you may be able to claim a refund of your unused investment tax credit. This refund will reduce the amount of credit available to you for other years.
Calculate the refundable part of your investment tax credit on Form T2038(IND), Investment Tax Credit (Individuals) . Attach a completed copy of the form to your paper return.
Line 456 - Part XII.2 trust tax credit
Enter the total of amounts shown in box 38 of all your T3 slips.
Line 457 - Employee and partner GST/HST rebate
If you deducted expenses from your income as an employee (line 212 or 229) or as a partner (lines 135 to 143), you may be eligible for a rebate of the GST/HST you paid on those expenses. Generally, you can claim this rebate if either of the following applies:
- your employer is registered for the GST/HST; or
- you are a member of a GST/HST-registered partnership, and you have reported on your return your share of the income from that partnership.
To claim this rebate, if you incurred the expenses as an employee, use guide T4044, Employment Expenses . If you incurred the expenses as a member of a partnership, use guide RC4091, GST/HST Rebate for Partners . These guides list the expenses that qualify. They also include Form GST370, Employee and Partner GST/HST Rebate Application , which you need to make your claim. Attach a completed copy of this form to your paper return, and enter on line 457 the rebate you are claiming.
NotesGenerally, you have to include in income any rebate you receive on the return for the year in which you receive it. For example, you may claim a rebate on your return for 2004. If we allow your claim, and assess that return in 2005, you have to report the rebate on your return for 2005.
You may have received a GST/HST rebate in 2004. If you did, and you were an employee, see line 104. If you are a partner, contact our Business Enquiries service. See "Contacting us."
Line 476 - Tax paid by instalments
Enter the total instalment payments you made for your taxes for 2004. In February 2005, we will issue you Form INNS1, Instalment Reminder, or Form INNS2, Instalment Payment Summary, which shows your total instalment payments for 2004 that we have on record. To view your instalment account, visit our Web site at www.cra.gc.ca/myaccount . If you made an instalment payment for your taxes for 2004 that does not appear on this reminder or summary, also include that amount on line 476.
Note
If tax was withheld from your income, claim on line 437 the amounts shown on your information slips.
Line 479 - Provincial or territorial credits
If you were a resident of Nova Scotia, Ontario, Manitoba, British Columbia, Yukon, the Northwest Territories, or Nunavut on December 31, 2004, use Form 479 in the forms book to calculate your provincial or territorial credits. Attach a copy to your paper return. If you were not a resident of any of those provinces and territories, Form 479 does not apply to you.
Residents of Newfoundland and Labrador, Prince Edward Island, New Brunswick, Saskatchewan, and Alberta claim their provincial credits on Form 428 and use them to reduce their provincial tax payable on line 428.
Quebec residents claim their provincial credits on their provincial income tax returns for Quebec.
Line 484 - Refund
If your total payable (line 435) is less than your total credits (line 482), enter the difference on line 484. This amount is your refund. Generally, if the difference is $2 or less for 2004, you will not receive a refund.
Note
One person's refund cannot be transferred to pay another person's balance owing.
Although you may be entitled to a refund for 2004, we may keep some or all of it to:
- apply against any amount you owe us or are about to owe us;
- satisfy a garnishment order under the Family Orders and Agreements Enforcement Assistance Act; or
- apply against certain other outstanding federal, provincial, or territorial government debts, such as student loans, Employment Insurance and social assistance benefit overpayments, Immigration loans, and training allowance overpayments.
If you pay your taxes by instalments, you can attach a note to your paper return to ask us to transfer your refund to your instalment account for 2005. We will transfer your full refund and consider such a payment to have been received on the date that we assess your return.
To view your refund information, visit our Web site at www.cra.gc.ca/myaccount .
Direct deposit
You can have your income tax refund, as well as your GST/HST credit and Canada Child Tax Benefit (CCTB) payments (including those from certain related provincial or territorial programs) deposited directly into your account at a financial institution.
To start direct deposit, or to change information you already gave us, complete the "Direct deposit - Start or change" section on page 4 of your return. You do not have to complete this area if you already have direct deposit service and the information you already gave us has not changed. Your direct deposit request will stay in effect until you change the information or cancel the service.
If you want your CCTB payments deposited into a different account, you will have to send us, either with your paper return or separately, a completed Form T1-DD(1), Direct Deposit Request - Individuals .
If you are changing the account into which we deposit a payment, do not close the old account before we deposit the payment into the new account. If your financial institution advises us that you have a new account, we may deposit your payments into the new account.
If, for any reason, we cannot deposit a payment into your account, we will mail a cheque to you at the address we have on file.
If you need help to complete the direct deposit information, or to cancel the service for one or more of these payments, contact us.
Line 485 - Balance owing
If your total payable (line 435) is more than your total credits (line 482), enter the difference on line 485. This amount is your balance owing. Your balance is due no later than April 30, 2005. Generally, if the difference is $2 or less for 2004, you do not have to make a payment. Whether you file a paper return or file electronically, you can make your payment in several different ways:
- You may be able to pay electronically using your financial institution's telephone, or internet banking services. Most financial institutions allow you to schedule future-dated payments. For more information, visit www.cra.gc.ca/electronicpayments or contact your financial institution.
- You can make your payment free of charge at your Canadian financial institution in Canada. To do so, you have to use the remittance form in your personalized tax package (if you received one) or Form T7DR(A), which you can get from us.
- You can attach to the front of your paper return a cheque or money order made out to the Receiver General, but only if you are filing that return. Enter this amount on line 486.
- You can send us a cheque or money order with the remittance form in your personalized tax package if you received one) or with Form T7DR(A), which you can get from us. Mail the form and your cheque or money order to: Canada Revenue Agency, P.O. Box 9659, Station T, Ottawa ON K1G 6L7.
To help us process your payment correctly, please write your social insurance number on the back of your cheque or money order.
Do not mail us cash or include it with your return.
You can file your return early and make a post-dated payment as late as April 30. In that case, if we process your return before the date of the payment, your payment will appear on your Notice of Assessment, but it will not reduce your balance owing. We will credit your account on the date of the payment and then send you a revised statement of your account.
If you make a payment with a cheque that your financial institution does not honour (including a cheque on which you put a "stop payment"), we will charge you a fee.
To view your information on your account balance and payment on filing, visit our Web site at www.cra.gc.ca/myaccount .
Making a payment arrangement - If you cannot pay your balance owing on or before April 30, 2005, we will accept a payment arrangement only after you have reasonably tried to obtain the necessary funds by borrowing or re-arranging your financial affairs. If you cannot pay the balance in full, you should contact your tax services office to discuss a mutually acceptable payment arrangement based on your ability to pay. We still will charge daily compound interest on any outstanding balance starting May 1, 2005, until you pay it in full.
Tax Tip
Even if you cannot pay all of your balance owing right away, you should still file your return on time. Then you will not have to pay a penalty for filing your return after the due date. See "What penalties and interest do we charge?" for details.
Page details
- Date modified: