Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 3:45:07 PM

What is a tax shelter id number? Today is the first time I have seen it and how does it apply to me?

What is a tax shelter ID number? Am I using the wrong form?

0 3 3794
1 Best answer
Moderator
Oct 30, 2019 3:45:08 PM

A tax shelter is defined as a “gifting arrangement” by the CRA. If you don’t have a Tax Shelter number, or a business, partnership or GST/HST registration number, you don’t need to fill in those spaces.

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/tax-shelters/investments-prop...


3 Replies
Moderator
Oct 30, 2019 3:45:08 PM

A tax shelter is defined as a “gifting arrangement” by the CRA. If you don’t have a Tax Shelter number, or a business, partnership or GST/HST registration number, you don’t need to fill in those spaces.

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/tax-shelters/investments-prop...


New Member
Jan 8, 2024 10:16:15 PM

Hi Susan,

 

Do I need this number if I am only renting out a house?

Intuit Alumni
Jan 9, 2024 6:39:30 AM

No, you do not need a tax shelter . Here is our TurboTax article to help you further: Taxes for Landlords: How Taxes on Rental Income Work

 

Thank you for choosing TurboTax.