Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
English EN

Pick a language

Canada Français United States of America English
cancel
Showing results for 
Search instead for 
Did you mean: 
lkinnee1
New Member

My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?

Same question, why does my income summary show $49,665.00 when I have only entered $32,387.93?

6 Replies
TurboTaxKim
Moderator

My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?

Did you use the CRA AutoFill service to import your tax information into TurboTax? And are you filing with a spouse? If "yes" are you "Pension Splitting"?
TurboTaxKim
Moderator

My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?

Did you use the CRA AutoFill service to import your tax information into TurboTax? And are you filing with a spouse? If "yes" are you "Pension Splitting"?

louise4
New Member

My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?

My income is also incorrect. T4 total income $43962.74, Income summary shows $44424.90. Did you ever get an answer to your query?

reza1532
Returning Member

My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?

I have same question. I've worked for a company for 4 months. My total income was $49880 but in section 67 I have $11769 as non-eligible retiring allowance and it added up to my total income and made it to 61k in TurboTax program which is incorrect!!!!! My total income is just $49880.

Is there something wrong in my T4 or the software?

Looking forward for the answer guys

Thanks

TurboTaxBrenda1
Moderator

My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?

The amount from Box 67 (Non-Eligible Retiring Allowances) will be added to your income as it will be the amount of the possible transfer. 

TurboTaxBrenda1
Moderator

My incom on summary shows $49,665.00 but I only entered $32,387.93 , why?

Box 67 is an  "ineligible" transfer, so if you didn't put buy an RRSP to offset it, it's added to your income

 

v