How do I report foreign income, foreign pension an...

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Intuit

How do I report foreign income, foreign pension and other foreign amounts?

Entering any foreign amounts into TurboTax varies, depending on the version of software you are using. Before you begin, there are a couple of general things to keep in mind:
 

 

 

  • You must submit income, pension, and any other amounts in TurboTax, even if your amounts aren’t reported on T-slips.
  • If the amounts on your foreign income slip are reported in a foreign currency, convert them to Canadian dollars before you enter them. If the amount was paid at various times throughout the year, use an average annual exchange rate.
  • For foreign non-business income that is not on a T-slip (including US social security), do not convert the amounts to Canadian dollars before you enter them. TurboTax converts the amounts automatically based on the exchange rate you enter.

 

 

 

To start entering your slip amounts, select your version of TurboTax below, then follow the steps provided.

  1. Select Find*, or the magnifying class icon from the top menu.
  2. Once the Find window opens, type Foreign slips, then hit enter.
  3. Select  Foreign slips from the options that appear, then select Go.
  4. When the Foreign Slips Summary step appears, add the amount for the slip you would like to claim.
  5. Repeat the steps above for each new slip and amount you need to enter.
  6. Select Continue at the bottom of the page when done.

  1. Select Find*, or the magnifying class icon from the top menu.
  2. Once the Find window opens, type T-slips, then hit enter.
  3. Select T-slips from the options that appear, then select Go.
  4. When the Entering your federal T-slips step appears, add the amount for the slip you would like to claim.
  5. Repeat the steps above for each new slip and amount you need to enter.
  6. Select Continue at the bottom of the page when done.

Related information:

Bank of Canada: exchange rates

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