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stiks
New Member

How do I unclaim other income?

 
2 Replies

How do I unclaim other income?

You will have to go back to review entries where you may have entered them. Let me explain.

 

Online version - Other Income Line 13000 comes from various income entries such as; Scholarships, fellowships, bursaries, and artists' project grants; Apprenticeship incentive grant; Apprenticeship completion grant; lump-sum payments from pensions and deferred profit-sharing plans when leaving a plan; Retiring allowances (severance pay); Death benefits (other than Canada Pension Plan or Quebec Pension Plan death benefits) Other kinds of income. 

 

This line also 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). 

 

These amounts are transferred from a number of sources: 

  • Box 18, 24, 28, 40, 42, 105, 106, 130, 133, 134, 136, 194 from your T4A slips 
  • Box 22, 26 from your T3 slips 
  • Box 16, 20, 22 from your T4RIF slips 
  • Box 66, 67 from your T4 slips 

To review and confirm the source amounts of your other income on line 13000: 

  1. In the upper-right corner of your screen, select Find. 
  2. In the Find window, type "T-Slips". 
  3. Select T-Slips from the list, and select Go. 

 

Note: Scholarship and bursary income are usually exempt from tax for full-time students. If your T4A box 105 amounts are listed on line 13000, and you’re a FT student, return to the T4A screen and select the box 105 option for FT students to remove the line 13000 entry. 

 

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Smahabib
New Member

How do I unclaim other income?

How do I do this step in Quebec Releve 1?

 I found on the internet that I can enter the scholarship amount in line 295 in Releve 1. But this option is not available in the online version of the standard Turbo tax product.