Adjusted Family Net Income
Adjusted family net income is family net income [line 23600 for individual, plus spouse/common-law partner, if applicable] minus Universal child care benefit (UCCB) and Registered Disability Savings Plan (RDSP) income plus UCCB and RDSP repayment.
This amount is used for many income-tested benefits, such as:
- Pharmacare benefits,
- GST credit,
- Provincial & Territorial tax credits paid with the GST credit,
- Canada child benefit,
- RESP grants
- many federal and provincial or territorial non-refundable tax credits.
Note: Adjusted income for provincial grants are calculated based on net income from provincial tax return.
