Part I tax payable

Part I tax payable

Part I tax payable for the year is:

• the basic Part I tax (amount A)

  plus

• the personal services business income tax, the additional tax on banks and life insurers, the total labour requirements addition to tax, the amount of recapture of ITC, and the refundable tax on the CCPC's or substantive CCPC's investment income (amounts B, C, D, E, and J)

  minus

• any allowable deductions and credits (amount M)

Enter this amount at amount N, and also on line 700 in the "Summary of tax and credits" section on page 9 of your return.

5