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What is line 15000? I am trying to create my CRA account

what is line 15000?
1 Reply
Moussi2
Moderator

What is line 15000? I am trying to create my CRA account

Your line 15000 is your Total income earned as of 2023 fiscal year. 

 

To calculate Total Income for Tax Purposes, add:

  • income from employment and commissions
  • other employment income, including income from wage loss replacement plans
  • Old Age Security pension from T4A(OAS) slips
  • Canada Pension Plan or Quebec Pension Plan benefits from T4A(P) slips
  • other pensions or superannuation
  • eligible pension income transferred from spouse (see pension splitting)
  • Universal Child Care Benefit (UCCB) payments of $100 per month for each dependent child under 6 (claimed on the tax return of the lower income spouse)
  • employment insurance and other benefits from T4E slips
  • grossed-up Canadian dividends (see dividend tax credit)
  • interest and other investment income
  • net income from partnerships (limited or non-active partners only)
  • net rental income
  • current year taxable capital gains in excess of current year allowable capital losses, including gains from the sale of personal use property or listed personal property with a cost exceeding $1,000
  • taxable support payments received - see CRA Pamphlet P102 Support Payments and Income Tax Folio S1-F3-C3, Support Payments for information on when support payments are taxable (and deductible to the payer)
  • RRSP income from T4RSP slips
  • other income, including taxable scholarships, apprenticeship incentive grants, lump sum payments from pensions and deferred profit sharing plans, severance pay and retiring allowances, etc.
  • net income from self-employment (business, professional, commission, farming, and fishing)
  • Line 14700 other payments (included here, but deducted later, at Line 25000:
    • workers' compensation benefits from T5007 slip
    • social assistance payments
    • net federal supplements from T4A(OAS) slip
       

The total of the above is total income for tax purposes, line 15000 on the tax return.

 

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