This would be considered the childs income. When you claim your child as a dependent- in the deduction section of your return it will ask more information about your children- It will ask if they have income- you would put "Yes" then under the Net Income- enter the amount shown on the T4A(P) slip.
Thank you for choosing TurboTax.
Thank you for the clarification. Made a big difference in the tax return as well. Appreciate the help
This would be considered the childs income. When you claim your child as a dependent- in the deduction section of your return it will ask more information about your children- It will ask if they have income- you would put "Yes" then under the Net Income- enter the amount shown on the T4A(P) slip.
Thank you for choosing TurboTax.
Thank you for the clarification. Made a big difference in the tax return as well. Appreciate the help
You're welcome.
Thank you for choosing TurboTax.
Hi, I have the same concern. However, TurboTax did not ask me about my child's income...perhaps because I had imported information from last year? How do I enter this information so it is reflected on my return? If I add it under Dependant's summary, nothing changes.
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Thank you.
You do not enter the T4A(P) on your return- you will go to Deductions- then Additional Dependent Information. This is where you will say their income is not Zero- and enter the amount in the space provided.
Thank you for choosing TurboTax.
Hi Brenda,
I do not have those options. I am using TurboTax Standard 2023.
I have
Deductions & Credits then Dependants Profile. But there is nowhere there to enter their income. Could you share a screenshot of what you see?
Thank you.
Here is a great TurboTax article: Why All Working Children Should File A Tax Return
Please contact the CRA at 1 (800) 959-8281, they will advise you at age 15 what they should do.
Thank you for choosing TurboTax.
Hi Brenda, my child is well under 15 and I've spoken with CRA. Is there another post or number with TurboTax to advise how to declare their income under dependants in TurboTax? I know HR block has a simple process for that but I've already purchased your software.
Thanks
In order to help you with this situation, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us. When asked if you wish to receive an email say NO then say "speak to a representative" then hold the line.
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I have form t4a p box 20 taxable CPP benefits box 14 retirement benefits also have form nr4 what to do
Find 24 AP box 20 is taxable CPP benefits and box 14 retirement benefit 425.46 in
each one has nothing to do with children