Slips and tax documents topics

How do I enter a T3 slip (and matching Relevé 16, if applicable)?

TurboTax Support — Wed, 02 Feb 2022 20:34:37 GMT

Instructions for TurboTax Online If you have a T3 Select Find from the menu and enter T3 Select T3 Mutual Fund/Trust Income Allocations and Designations from the list of results, and then select Go On the T3 - Summary step, select Enter New T3 On the T3 - Trust Income and Designations step, fill out the form in TurboTax with the information from your slip. Note: If you're splitting the income with your spouse/partner, enter the portion of the gain that your spouse/partner is claiming where it says Enter percentage of slip to claim on your spouse's tax return (if applicable) If you're preparing your return together with your spouse/partner's return: Don't enter this same slip on your spouse/partner's return. TurboTax automatically calculates each spouse/partner's portion based on the percentage you enter The amounts from the joint investment slip you entered on your return won't appear on your spouse/partner's T3 slip entry screen. TurboTax includes them on your spouse/partner's Schedule 4 (Statement of Investment Income) If you're preparing your return separately from your spouse/partner's return: Based on the percentage you enter, TurboTax automatically calculates your portion and claims it on your return Select Done With T3 On the T3 - Summary step, review the on-screen info...

How do I enter a T4 slip (and matching RL-Slips)?

TurboTax Support — Mon, 07 Feb 2022 17:22:21 GMT

Whether you're using the online or CD/download edition of TurboTax, entering a T4 slip and matching Relevé slip is a simple process. First, make sure you have a copy of your T4/Relevé slip(s) handy for reference. Once you have your slip(s), follow the instructions below to enter this information into TurboTax. How to get a copy of your T4 slip(s) If you don't have your T4 slip(s), you can download and print a copy using the directions in this video tutorial: https://youtu.be/xDGYPsBYKOU How to get a copy of your Relevé slip(s) To view, download, or print a copy of your RL-slips, sign in to or register for Revenu Quebec My account for Individuals and follow these instructions: In the dropdown menu, select Income Tax Return. A second menu appears on the right Under View, select Tax Data On the Consult Tax Data page, scroll to RL SLIPS and select the RL-slip you wish to view, download, or print Entering your T4 information into TurboTax Select Find from the TurboTax menu. Enter your T4 type in the search box, then select Go: After selecting Go, a new screen appears where you can select your specific T4 slip, then Continue: The last step is to enter your slip information, and you're done! Entering your Relevé information into TurboTax Select Find from the TurboTax menu, then enter...

How do I enter a T5008 slip (and matching Relevé 18, if applicable)?

TurboTax Support — Tue, 23 Nov 2021 21:22:31 GMT

Easy, simply follow the steps that apply to your TurboTax edition below. Remember, if you have more than one slip, simply add the total of all slips and enter the amount. Important: If the amounts on your T5008 slip are in a foreign currency, convert them to Canadian dollars before you enter them. (Visit the Bank of Canada’s website for daily exchange rates lookup and the average annual exchange rate). Instructions for the TurboTax online edition If you have a T5008 Select Find (or the magnifying glass icon) from the TurboTax menu. 2. Enter “T5008” in the Find window. 3. Select T5008 Securities Transactions from the list of results, then select Go. The T5008 - Summary step appears. 4. Select Enter New T5008. The T5008 - Securities Transactions step appears. 5. Fill out the form in TurboTax with the information from your slip. Note: If your T5008 slip is for a joint account shared between spouses, enter your spouse’s percentage of ownership in the field Enter percentage of slip to claim on your spouse’s tax return (if applicable). 6. Select Done With T5008. The T5008 - Summary step appears. 7. Review the information on the screen and follow the instructions below that match your situation: If the information is correct, select Done With T5008 Slips If the information isn’t c...

How do I enter a T4E (and Relevé 6, if applicable)?

TurboTax Support — Mon, 18 Jul 2022 22:02:46 GMT

Note: If you’re required to repay some EI benefits you received (based on your net income), TurboTax will automatically calculate this for you. Instructions for TurboTax Online If you have a T4E Select Find from the menu and enter T4E Select T4E Employment Insurance Benefits from the list, and then select Go On the T4E - Summary step, select Enter New T4E On the T4E - Statement of Employment Insurance and Other Benefits step, enter your amounts Select Done With T4E On the T4E - Summary step, review the information and follow the instructions below that match your situation: If the information is correct, select Done With T4E If the information is incorrect, select Edit next to the slip and correct the information. When you return to this step, select Done With T4E If you have more T4E slips to enter, select Enter New T4E. When you return to this step, select Done With T4E If you have a T4E and a Relevé 6 Select Find from the menu and enter T4E Select T4E / Relevé 6 Employment Insurance Benefits from the list, and then select Go On the T4E - Relevé 6 - Summary step, select Enter New T4E - Relevé 6 On the T4E - Statement of Employment Insurance and Other Benefits step, enter your amounts Select Enter Relevé 6 On the Relevé 6 - Québec Parental Insurance Plan step, enter your amou...

How do I enter a T5018 slip?

TurboTax Support — Mon, 11 Jul 2022 23:00:55 GMT

Form T5018 is an information slip provided to contractors and the CRA for information purposes only. This form shows the total contract payments made by a privately-owned business to the contractor for services during the calendar year. The amount may also include payments for things such as products, expenses, or reimbursements. Since contractors have to pay tax on all income earned (and the amount indicated on a T5018 slip can sometimes represent a combination of payments), contractors also typically enter their self-employment income on Form T2125 as well, which helps in determining the amount of taxable income to report on their return. To enter self-employment income in TurboTax: Select Find and enter self-employment, then select Go The Your Self-employment Profile page will appear Follow the steps to input your self-employment details Note: Only minimal entries are required. For example, your personal name and address can be used as the business name and address, etc.

How do I enter a T5013 slip (and matching Relevé 15, if applicable)?

TurboTax Support — Fri, 04 Feb 2022 20:06:44 GMT

If you're preparing returns for you and your spouse/partner at the same time and indicate that both spouses have this type of slip, enter one person’s slip at a time (TurboTax asks you to select which taxpayer's slip to enter first). For more details on each of the amounts on your T5013 slip, see the CRA’s Form T5013-INST - Statement of partnership income. Some boxes on the T5013 slip are either nontaxable or are automatically calculated by TurboTax according to the CRA's guidelines. Instructions for TurboTax Online If you have a T5013 Note: Some of the fields on your T5013 slip may not be in TurboTax. You only need to enter the T5013 slip information that TurboTax asks for. Select Find from the menu Enter T5013 in the Find window Select T5013 Partnership Income from the list of results, and then select Go. The T5013 - Summary step appears Select Enter New T5013. The T5013 - Statement of Partnership Income step appears Fill out the form in TurboTax with the information from your slip Select Done with T5013. The T5013 - Summary step appears Review the information on-screen and follow the instructions below that match your situation: If the information is correct, select Done With T5013 Slips If the information is incorrect, select Edit next to the slip and correct the informati...

How do I change my marital status in TurboTax Online?

TurboTax Support — Thu, 20 Jan 2022 03:47:52 GMT

If you're being prevented from changing your marital status in TurboTax, it's likely due to how you've chosen to prepare your return. For example, if you initially chose to prepare your return together with a spouse/partner, TurboTax won't allow you to change your marital status to Single (as Single isn't a valid status for someone with a spouse/partner). Additionally, if you've transferred your return over from a previous year (and you had a status other than Single), TurboTax won't allow you to change your marital status back to Single. According to CRA rules, once someone has been something other than Single, they can't return to Single status again (read the CRA's Marital status page for other available options). Use the following steps to change your marital status in TurboTax Online: Select Find from the menu, enter Marital Status, and select Go On the What’s your marital status? step, change your status (and enter the date of change if it happened during the tax year), then select Continue If you're unable to change your marital status, you'll need to start a new return. Related information Why won't TurboTax let me change my marital status to single? What is my marital status according to the CRA? How do I start a new return in online editions of TurboTax?

How do I enter a T4A slip (and matching Relevé 1 or Relevé 2, if applicable)?

TurboTax Support — Mon, 18 Jul 2022 15:07:41 GMT

Note: Some of the fields on your slip may not be in TurboTax. You only need to enter the slip information that TurboTax asks for. For a complete guide to the T4A tax slip, visit the TurboTax blog. Download/print a copy of your T4 slip(s) https://youtu.be/xDGYPsBYKOU Instructions for TurboTax Online If you have a T4A Select Find from the menu, then enter T4A Select T4A Pension, Retirement, Annuity from the list of results, and then select Go. The T4A - Summary step appears Select Enter new T4A. The T4A - Pension, Retirement, Annuity, and Other Income step appears Fill out the form in TurboTax with the information from your slip Select Done with T4A. The T4A - Summary step appears Review the information on-screen and follow the instructions below that match your situation: If the information is correct, select Done with T4A Slips If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done with T4A Slips If you have more T4A slips to enter, select Enter new T4A. When you return to this step, select Done with T4A Slips If you have a T4A and Relevé 1/Relevé 2 Select Find from the menu, then enter T4A Select T4A / Relevé 1 / Relevé 2 Pension, Retirement, Annuity from the list of results, and then select Go. Th...

How do I submit form T2200 or form TP-64.3 with my tax return?

TurboTax Support — Tue, 27 Jul 2021 11:11:54 GMT

You don't submit the form T2200 Declaration of Conditions of Employment when you file your taxes. Instead, the CRA requires that you keep a copy signed by your employer for your records in case the CRA asks to see it later. If you're a resident of Québec, the same goes for form TP-64.3 General Employment Conditions. Keep a copy of the form signed by your employer in case Revenu Québec asks to see it later. Related information: Where do I claim my employment expenses? Where do I claim meal, lodging, and employment expenses as a transport employee?

How do I enter a Relevé 30 (RL-30) in TurboTax?

TurboTax Support — Mon, 18 Jul 2022 21:41:07 GMT

Note: As of January 1, 2019, the extra contribution for subsidized educational daycare in Québec has been eliminated. The RL-30 slip has also been cancelled and shouldn’t be filed for tax years 2019 and after. The RL-30 slip was used to provide information related to children who received subsidized educational childcare. TurboTax will prompt you to enter the information from your RL-30 slip(s) after you've entered your childcare expenses and your RL-24 slip(s). Before entering your child care expense amounts, you need to enter some basic info about your dependants. (Learn how to enter dependants in TurboTax Online or TurboTax CD/Download). Once you've entered your dependants: Select Find from the TurboTax menu In the Find window, enter child care expenses. Select it from the list and then select Go Answer Yes to the question Did you pay for child care?, then follow the steps to enter your childcare expenses Select Continue until you reach the RL-24 and RL-30 entry steps

How do I enter a Relevé 31 (RL-31) in TurboTax?

TurboTax Support — Mon, 31 Jan 2022 15:02:11 GMT

The Relevé 31 is a slip issued to tenants or subtenants of a dwelling in order to claim the solidarity tax credit when filing your Québec income tax return. Follow the applicable steps below to enter your RL-31 into TurboTax. Instructions for TurboTax Online Select Find from the menu In the Find window, enter solidarity and select Go From the Québec Solidarity Tax Credit step, select Continue until you reach the About your home step Answer No to the question Were you the owner or co-owner of your dwelling? In the Relevé 31 section that appears, enter the number from box A of your slip in the box A entry field and select Continue Instructions for TurboTax CD/Download Select Find from the menu In the Find window, enter solidarity Select Solidarity tax credit and then Go From the Québec solidarity tax credit step, select Continue On the next screen, select Enter New Relevé 31 On the Relevé 31 - Tenant information step, select Enter Relevé 31 On the next screen, enter the number from box A of your slip in the box A entry field and select Done With Relevé 31 Related information How do I enter a Relevé 30 (RL-30) in TurboTax? How do I enter a Relevé 27 (RL-27) in TurboTax? I got a Relevé 1 (RL-1) from my employer but I don’t live in Québec. What do I do?

How do I prepare a spousal or coupled return in TurboTax CD/Download?

TurboTax Support — Wed, 02 Feb 2022 17:26:32 GMT

It’s easiest to add your spouse/partner at the beginning of your return. This way all deductions and credits can be optimized between you. From the Welcome to TurboTax! screen, select Start a new return. The Select Your Method of Preparation screen appears Select EasyStep Proceed through the Introduction section until you reach the What’s your marital status? screen Select either Married or Living Common Law. An additional section appears: How do you want to prepare your returns? For the question Do you want to prepare your returns together?, select Yes Select Continue. The Where did you live at the end of the year? screen appears Choose your province/territory Select Continue. The Personal information screen appears Enter your and your spouse’s information Select Continue Proceed through the rest of the Introduction section, entering all relevant information You're ready to proceed with your spousal (coupled) return If you're working on an uncoupled return and you want to leave it to start a spousal (coupled) return From the side menu, select INTRODUCTION, then Marital status. The What’s you marital status? screen appears From the list of options, select your marital status Select Continue. Your new marital status is saved Proceed through your return until the Information abo...

What if I have a T4 slip with no matching RL-1 slip or an RL-1 slip with no matching T4?

TurboTax Support — Wed, 17 Nov 2021 23:16:24 GMT

Unfortunately, not all employers issue their employees matching federal (T4) and Québec provincial (RL-1) tax slips. Entering this information into your return could vary depending on which slips you have, and how many there may be. Here are a few guidelines on how to accurately record this information into TurboTax. When your employer is in Québec: I have a T4 and a matching RL-1 Enter the info from your T4 slip first (including your employer’s name), into the T-slips section of the Income and Expenses tab, then select the Done With T4 Slips. Amounts from your T4 are automatically transferred to your RL-1 for you, since they’re often the same To review and verify your information, select Enter New Releve 1 under the Releve 1-Summary tab. Confirm the amounts in each box (changing them to match as needed), then select Save and Continue I have an RL-1 with no matching T4 This situation occurs when you have taxable benefits from a previous employer (such as a private medical plan) that was provided by your former employer before you retired. On the T4 entry step, enter only the employer’s name, select QC for the province of employment (Box 10), then select Save T4 & Enter Relevé 1. Amounts from your T4 are automatically transferred to your RL-1 for you, since they’re often the sa...

I got a Relevé 1 (RL-1) from my employer but I don't live in Québec. What do I do?

TurboTax Support — Wed, 27 Oct 2021 20:14:18 GMT

When you live outside of Québec but your employer has issued you an RL-1 slip because you work in Québec, there are some specific steps you need to follow to enter your Québec amounts in your return correctly. Here’s what you do: In online editions of TurboTax From the navigation menu, select Income and then choose T-slips. Check the box T4 – Employment Income. Check the box I worked in Quebec and received a Relevé 1 slip. Select Continue and step through until you reach the T4 step. When you reach the T4 entry page: Enter the amounts from your T4 slip, as applicable. Scroll to the bottom of the page to reach Box E. Enter the amount from Box E of your RL-1 in the field marked Québec tax deducted from box E of your Relevé 1 (Non-resident of Québec) Box E. In CD/download editions of TurboTax In the Profile section, answer Yes to the question Did you work? Next, check the box: I was employed. Then, check the boxes: T4 and Relevé 1. Step through the rest of the Profile section, until you reach the T4 step. When you reach the T4 entry page: Enter your T4 amounts, as applicable, and select the Done with T4 button. On the T4 Summary step, select the Done with T4 slips button. On the Relevé 1 – Summary step, select the Enter New Relevé 1 button. Enter the amounts from your RL-1, as ap...

I didn't receive an RC62 slip. What do I do?

TurboTax Support — Thu, 18 Nov 2021 18:52:33 GMT

The Canada Child Tax Benefit (CCB), replaced the Universal Child Care Benefit (UCCB) in tax year 2017. The new Canada Child Benefit is a nontaxable benefit. You won't receive a slip for this income and don't need to enter the benefit amount you received on your tax return. If you received a back-payment of the Universal Child Care Benefit (UCCB) in the current tax year If you received a back-payment of the Universal Child Care Benefit (UCCB) in the current tax year, you'll receive an RC62. If you didn't receive the slip for any reason, there are a number of ways you can still get the necessary information to complete your tax return: My Account: View your RC62 slip online using CRA: My Account for Individuals Auto-fill my return service: Use CRA's Auto-fill my return service to import information from your RC62 slip to your tax return Request a copy by mail (or get info over the phone): Call the CRA at 1-800-959-8281 and request them to send you a copy of your RC62 by mail. Alternatively, you can ask the CRA agent on the phone to give you the relevant information from your RC62 slip Related information What is the Canada Child Tax Benefit (CCTB)? How do I enter the Universal Child Care Benefit (UCCB) income?

What should I do if I have a capital loss on a T5008 slip in TurboTax Online?

TurboTax Support — Mon, 18 Jul 2022 15:09:57 GMT

On your T5008 slip, a capital loss occurs if the amount in box 20 is greater than the amount in box 21 (signaling that the cost or book value associated with the securities transaction is greater than the proceeds of disposition or settlement amount). If you enter any T5008 slip with a capital loss into TurboTax, you're given a warning when you reach the Review stage. If you're sure that you've entered your T5008 amounts correctly, you can ignore the warning. You're also given the option of going back to verify your amounts before continuing with the review. To deal with the warning related to capital loss: On the Review: Warnings screen, select Review (next to the message about the T5008) If you're sure about the accuracy of your T5008 data entries, select Ignore (and the warning process is now over) If you'd like to review or amend amounts on your T5008, select Applies to me. You'll be returned to the T5008 - Summary screen For each T5008 slip you've entered, TurboTax displays an amount for box 21. You're given the option to edit any of those amounts by selecting Edit. The T5008 - Securities Transactions screen appears Once you've verified the amounts and made changes (if necessary), select Done With T5008, then Done With T5008 Slips. You'll be taken back to the Review: Warn...

I have two slips of the same type. How do I add them?

TurboTax Support — Tue, 19 Jul 2022 14:58:54 GMT

When you have slips of the same type, each slip is entered into TurboTax individually. As an example, here's how you'd enter two T4 slips: Select Find (or the magnifying glass) from the TurboTax menu. In the Find window, type T4. Select T4 Employment Income and Go. Select Add T4. Enter the amounts from your first T4 in the applicable boxes. Find and select Save and Add Another T4. In the empty T4 slip that opens, enter the amounts from your second T4. Find and select Save and Continue. It's common to have multiples of other types, such as T5 slips and RRSP contribution statements. The process for entering these is just like entering multiple T4 slips. *If you don't see the Find button, you may not have completed the Setting Up/Introduction section of your return. Continue through the Setting Up section until the Find button appears. Related information: How do I quickly jump to different sections of my tax return in TurboTax Online? Where do I enter T4, T5, and other T-slips? What do I type to find a slip or credit in TurboTax Online?

How do I enter a Relevé 27 (RL-27) in TurboTax?

TurboTax Support — Wed, 26 May 2021 18:07:48 GMT

In most cases, a Relevé 27 is issued for information purposes only; You don't enter it your tax return. There are a couple of exceptions: If you're the owner of a taxi permit and received a Relevé 27 for compensation for the permit's loss of value, you enter info from your RL-27 in the self-employment section of TurboTax, to reduce the capital cost of the license and the undepreciated capital cost of the depreciation category of the permit. Note: It can also lead to recovery amortization at the end of the year in which you received compensation if it exceeds the PNACC of the category. If you received a payment related to self-employment, you must decrease the amount of the related expense or reduce the capital cost of the property that was financed and enter it as other income in the self-employment section of TurboTax. To jump to the self-employment section of TurboTax: In the upper-right corner of your screen, select Find*. In the Find window, type Self-employment and select Go.