Hi,
I hope someone can help with my query! I have attached a snippet of my NOA for 2024 is this sufficient for a family of 3? The LICO for fam of 3 is 44,966. My husband won’t be co-signing.
I hope someone can help with my query! I have attached a snippet of my NOA for 2024 is this sufficient for a family of 3? The LICO for fam of 3 is 44,966. My husband won’t be co-signing.
15000 | Total income |
Deductions from total income | |
23600 | Net income |
26000 | Taxable income |
35000 | Total federal non-refundable tax credits |
61500 | Total Ontario non-refundable tax credits |
42000 | Net federal tax |
42800 | Net Ontario tax |
43500 | Total payable |
43700 | Total income tax deducted |
44800 | CPP or QPP overpayment |
45300 | Canada workers benefit |
48200 | Total credits |
Total payable minus Total credits |
[th]
Line
[/th][th]Description
[/th][th]
$ Final amount
[/th][th]
CR/DR
[/th][td]
50,565
[/td][td]
5,734
[/td][td]
44,831
[/td][td]
44,831
[/td][td]
3,230
[/td][td]
740
[/td][td]
3,494.41
[/td][td]
1,609.36
[/td][td]
5,103.77
[/td][td]
6,460.97
[/td][td]
7.53
[/td][td]
489.36
[/td][td]
6,957.86
[/td]