nelsont84
New Member

Why is other income of 40.000 showing on my income tax summary?

 

Getting started

Line 130 - Other Income contains taxable income not included in other categories. Common sources of Other Income include scholarships/bursaries, retiring allowances, lump-sum payments, death benefits, and payments from a Registered Education Savings Plan (RESP). Box 66 or 67 from your T4 slip would also be considered as Other Income.

 

This CRA webpage has more information on Line 130 - Other income.

 

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