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My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?
Same question, why does my income summary show $49,665.00 when I have only entered $32,387.93?
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Self-employed
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Self-employed
Did you use the CRA AutoFill service to import your tax information into TurboTax? And are you filing with a spouse? If "yes" are you "Pension Splitting"?
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Self-employed
My income is also incorrect. T4 total income $43962.74, Income summary shows $44424.90. Did you ever get an answer to your query?
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Self-employed
I have same question. I've worked for a company for 4 months. My total income was $49880 but in section 67 I have $11769 as non-eligible retiring allowance and it added up to my total income and made it to 61k in TurboTax program which is incorrect!!!!! My total income is just $49880.
Is there something wrong in my T4 or the software?
Looking forward for the answer guys
Thanks
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Self-employed
The amount from Box 67 (Non-Eligible Retiring Allowances) will be added to your income as it will be the amount of the possible transfer.
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Self-employed
Box 67 is an "ineligible" transfer, so if you didn't put buy an RRSP to offset it, it's added to your income