To calculate the income tax payable on your taxable income, complete Work Chart 401. The work charts follow the schedules.

The amount you enter on this line constitutes the income tax you are required to pay on your taxable income. However, if either of the two situations below applies to you, carry the amount from line 401 to the applicable form (see below) to calculate the income tax you are required to pay.

You carried on a business in Canada (outside Québec) (box 403)

If you were resident in Québec on December 31, 2023, and you carried on a business in Canada (outside Québec) in 2023, check box 403 on your return. To calculate the income tax that you are required to pay, complete form TP-22-V, Income Tax Payable by an Individual Who Carries On a Business in Canada, Outside Québec.

You were resident in Canada (outside Québec) and you carried on a business in Québec (box 403)

If you were resident in Canada (outside Québec) on December 31, 2023, and you carried on a business in Québec in 2023, check box 403 on your return. To calculate the income tax that you are required to pay, complete form TP-25-V, Income Tax Payable by an Individual Resident in Canada, Outside Québec, Who Carries On a Business in Québec.