Line 115 consists of the following amounts:
- Enter foreign country amounts in the
Foreign section of the T-slips entry screen. Enter the
gross amount of your foreign pension income in the foreign
currency along with the exchange rate that applies.
TurboTax converts the foreign amount to Canadian dollars based on the exchange
rate and transfers the total to the correct line of your return.
For most
sources:
- On the first Personal Tax Profile screen, answer
Yes to the question "did you receive pension or
retirement type income or withdraw money from an RRSP or RRIF? This doesn't
include contributions to an RRSP or retirement plan."
- Select
all the checkboxes that apply and click Continue.
You'll enter your T-slip information in the INCOME & EXPENSES section of
the interview.
If this
income is reported on a T5 or T3 slip:
- On the first Personal Tax Profile screen,
answer Yes to the question "did you have income
from investments? Investment income can include interest earned on investments,
the sale of stocks or stock options, the sale of real property, and related
investment expenses."
- Select
I had investment income.
- Select all the checkboxes that apply and click
Continue.
You'll enter your T-slip information in the INCOME & EXPENSES section of
the interview.
TurboTax transfers the following information to line 115 of your
return:
- box 31 from your T3 slip
- boxes 16 from your T4A slip
Depending on your age and the reason you received the amount, the
following amounts may also be included on line 115:
- box 24 from your T4A slip
- box 16 or 20 of your T4RIF slip
As for deductions on line 256 of your T1 - they come from exemptions from foreign sources that hold a tax treaty mostly. So here is the link to guide you in entering in your foreign income under a tax treaty:
How do I enter foreign income that is subject to a tax treaty?
