Why is my Pension Income on my "summary of income"...
debxxv
New Member

Why is my Pension Income on my "summary of income" higher than what I actually entered (line 016 of my T4A)?

 
TurboTaxSarah
New Member

Getting started

Pension income on the income summary includes amounts from lines 113, 114, 115, and 116 of your return.

This would include:

  • Old Age Security Pension (T4A(OAS))
  • Canada Pension Plan benefits (T4A(P))
  • Other pensions or superannuation (Box 16 or 24 from T4A, Box 16 or 20 from T4RIF, box 19 of T5, box 31 of T3 - some of these depend on your age and reason the amount is received)
  • Elected split-pension amount, if your spouse is transferring some of their pension to you via pension splitting

You can check lines 113-116 by going to Review > Bottom Line (Tax Summaries), then clicking the Detailed Tax Summary link.