Line 360 - Taxable income
Line 360 - Taxable income
To calculate this amount, subtract all the deductions you entered on lines 311 to 352 from the net income for income tax purposes on line 300. Add, if it applies, section 110.5 or subparagraph 115(1)(a)(vii) additions (line 355). Enter the taxable income on line 360.
If the result is a loss, enter "0" on line 360.
Note
If you want to carry back a current-year loss to a
previous tax year, see "How to complete Schedule 4" on
page 67 for details.
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