AINP: Income Calculation Worksheet - …

1 Income Calculation Worksheet (2018/06)1 Income Calculation WorksheetTable A: Yearly Income Before Tax CalculationAlberta Immigrant Nominee ProgramAll currency should be in Canadian dollars. Personal information you provide to Alberta Immigrant Nominee Program (AINP), Alberta Labour for the AINP is collected under the authorization of Section 8 of the Government Organization Act and Section 33(c) of the Freedom of Information Protection of Privacy (FOIP) Act and is managed in accordance with Part 2 of the FOIP Act. Your personal information will be used by the AINP for the purpose of administering the AINP including to evaluate eligibility for the program, maintain program integrity, evaluate program effectiveness and support provision of future services from the Government of Alberta.

2 Personal information will not be used or disclosed for any other purpose than stated, without written consent or unless required or authorized to do so by law. If you have any questions about the collection, use or disclosure of your personal information or should you need to make corrections to your collected personal information regarding this program, please contact the AINP through the Immigrate to Alberta Information Service at 1-877-427-6419 or by mail to Alberta Immigrant Nominee Program, Suite 940, ATB Place North Tower, 10025 Jasper Avenue, Edmonton, Alberta, Canada, T5J 1S6.

3 Email: 3 Calculate your yearly Income before tax You may calculate your Income using Option 1 or Option 2 if you have 12 months of more work experience in Alberta in past 18 months. Use the option (1 or 2) which gives you the highest Income . Note: You may only use Option 2 if you can provide Statements of must use Option 1 if you have less than 12 months work experience in Alberta in the past 18 1: Calculate your Alberta yearly Income before tax based on your current job offer or employment contract. Taxable benefits defined by Canada Revenue Agency can be included in your Calculation of your yearly Income before tax.

4 Enter information as stated in your job offer or employment A: Determine your Income not including taxable benefits using the wage or salary information in your job offer or employment contract: FYearly Income : $ _____ FWeekly wage: $ _____ X 52 FHourly wage: $ _____ X (hours per week) _____ X 52 FMonthly wage: $ _____ X 12 Step A total: My annual Income , not including taxable benefits, is: $ B: Determine the taxable benefits provided by your employer in your job offer or employment contract. Information on taxable benefits is available in Canada Revenue Agency s employers Guide Taxable Benefits and Allowances ( ).

5 List all taxable benefits and their value below:Benefit: _____ $_____Benefit: _____ $_____Benefit: _____ $_____Benefit: _____ $_____Step B total: Add all of your taxable benefits. My taxable benefit Income is $ C: Add Step A total and Step B total to calculate your total yearly Income before tax. Enter dollar amount on Line 3.$This is your yearly Income before tax taxable benefits includedLine 3 Step 1 Determine your family unit size (see definition of family unit at ) Line 1 For Office Use OnlyStep 2 Determine the annual Income required for your family unit size (see Income Threshold Table at )$Line 2 Income Calculation Worksheet (2018/06)2 Employer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type.

6 Start date: End date: $ taxable benefits includedEmployer:Pay period type: Start date: End date: $ taxable benefits includedEmployer:Pay period type: Start date: End date: $ taxable benefits includedEmployer:Pay period type: Start date: End date: $ taxable benefits includedStep 3 Calculate your yearly Income before tax, continuedOption 2: Calculate your Alberta yearly Income before tax based on 12 months of qualifying Alberta work benefits defined by Canada Revenue Agency can be included in your Calculation of your yearly Income before tax. Information on taxable benefits is available in Canada Revenue Agency s employers Guide - Taxable Benefits and Allowances ( ).

7 Enter ONLY Income earned before tax from your Statements of Earnings (pay statements/pay stubs) from Alberta employers . FEnter 12 months of Income earned before tax below. FIncome earned can be from one or more Alberta employers but must have been earned in the 18 months prior to applying. FFor each pay period write in the pay period type (weekly, bi weekly, monthly) and write the start and end dates for the pay period. FIf you are including taxable benefits in your Calculation : Provide the total Income (wages earned plus total taxable benefits) for each pay period. Check off the taxable benefits included box where applicable.

8 Your pay statement/pay stub must clearly list the taxable benefit. FIf you have more than 28 pay statements to enter, print additional copies of page 3 to enter your additional pay statements. Include these additional pages in your submitted Worksheet . Add together the Income from your 12 months of Statements of Earnings. This is your yearly Income before tax. Enter this total on Line Calculation Worksheet (2018/06)3 Step 3 Employer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date.

9 $ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date: $ taxable benefits includedEmployer:Pay period type: Start date: End date: $ taxable benefits includedIncome Calculation Worksheet (2018/06)4 Step 3 Employer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date:$ taxable benefits includedEmployer:Pay period type: Start date: End date: $ taxable benefits includedEmployer:Pay period type: Start date: End date.

10 $ taxable benefits includedTotal Income earned before tax from pay statements for all Alberta employers $This is your yearly Income before tax taxable benefits includedLine 4 Income Calculation Worksheet (2018/06)5 Step 5 Calculate your adjusted family incomeMultiply your yearly Income before tax (from line 3 or 4) by ($ Line 3 or 4 X ). Enter amount in Line 5.$This is your adjusted family incomeLine 5 Step 6 Determine if further calculations are required FIf Line 5 is greater than or equal to the amount in Line 2, no further calculations are required. You appear to meet the minimum Income requirement.