Line 26000 – Taxable income

Your taxable income is the amount used to calculate the federal tax on your return and the provincial or territorial tax on your Form 428 (except Quebec).

If you were a resident of Quebec on December 31, 2023, calculate your provincial tax for Quebec by completing a Revenu Québec Income Tax Return.

If you resided in a province or territory at the end of 2023, but all or part of your business income for the year was earned and can be allocated to a permanent establishment outside that province or territory, use Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions, to determine the taxes payable on the income attributed to the other province or territory (other than Quebec). Attach a copy of Form T2203 to your paper return.

Completing your tax return

Report on line 26000 of your return the amount from line 23600 minus the amount from line 25700.

Line 25700 is the total of all amounts on lines 24400 to 25600.

Forms and publications

• Income Tax Package
• Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions