Schedule B – Allowable amount of federal non-refundable tax credits
The allowable amount of federal non-refundable tax credits you can claim depends on the portion of net world income (line 14 of Schedule A) that you included in net income (line 23600) on your section 217 return.
Use this schedule to:
- Determine the percentage of net income that is included in your net world income
- Calculate your allowable amount of federal non-refundable tax credits
Steps to complete Schedule B
Get Schedule B (Form 5013-SB)
View or download Schedule B, Allowable Amount of Federal Non-Refundable Tax Credits.
Calculate the allowable amount
If you included 90% or more of your 2024 net world income in your net income, the allowable amount of federal non-refundable tax credits is the total from line 35000 of your return.
If you were an eligible educator
If you included in your net income 90% or more of your 2024 net world income (line 14 of Schedule A), you can claim an amount for eligible supplies that you purchased in 2024.
For more information, see line 46900 of the Income Tax and Benefit Guide for Non-Residents and Deemed Residents of Canada.
If you included less than 90% of your 2024 net world income in your net income, the allowable amount of federal non-refundable tax credits is whichever amount is less:
- 15% of the eligible section 217 income paid or credited to you in 2024
- The total federal non-refundable tax credits you would be eligible for if you were a resident of Canada for the full year (from line 35000 of your return) minus 15% of the total of the following amounts, if any:
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Example 2 – More than 90% of your net world income is included
In example 1, your net world income was $19,000. To calculate the tax payable, enter on line 76 of your return whichever amount is more:
- Your taxable income of $18,000 reported on line 26000 of your return
- Your net world income after adjustments from line 16 of your Schedule A is $19,000
You have included on your return 90% or more of the net world income.
You calculated the percentage on Schedule B as follows:
- $18,000 (net income on your return)
- divide $19,000 (net world income on your Schedule A)
- equals 95%
As a result, you can claim all of the federal non-refundable tax credits (from line 35000 of your return) that would have applied if you were a resident of Canada throughout 2024.
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Example 3 – Less than 90% of your net world income is included
If you also earned $12,000 in interest from United States treasury bonds which does not have to be reported on a Canadian return, you would no longer be including 90% or more of the net world income on your return:
- $18,000 (net income on your return)
- divide $31,000 (net world income on your Schedule A)
- equals 58%
Since you have not included 90% or more of your 2024 net world income on your section 217 return, your allowable federal non-refundable tax credits are limited to whichever amount is less:
- $2,700 (15% of your income eligible for the section 217 election, which is the pension income of $18,000)
- the total federal non-refundable tax credits entered on line 35000 of your return minus 15% of the total of lines 31220, 31240, 31270, 31285, 31300, 31350 and 31900, if any.
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