Line 130 - Other income 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).
Other Income amounts can come from a number of sources, including Box 66 or 67 from your T4 slip.
This CRA website has more information on Line 130 - Other income : https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-130-other-income.html
This is a Turbotax programming glitch. When I input my T4A(P) slip, TurboTax puts boxes 14 and 19 to separate lines. When the return is filed with CRA, CRA adds the missing amount to the total of CPP received, does not realize the amount on line 13000 was part of the T4A(P) and so charges you additional tax.
To fix this, Use box 20 amount only and put that amount in TurboTax's box 14, and ignore TurboTax's box 19.
The TurboTax advisor helping me did not realize this was a program glitch that ends up leading to the taxpayer paying more taxes. It is a TurboTax error.
If you haven't filed your return yet, you will have to edit the T4A(P) slip to correct this. TurboTax needs to fix this glitch. I just retired but had been doing taxes using professional tax software since 1994. Sophie S.
the amount showing as Other Income may be from your T4A(P) slip. TurboTax has a glitch where it shows box 14 as a pension and box 19, the post-retirement benefit, as Other Income. That is wrong as CRA does not recognize this and when you file your return, CRA adds back the Box 19 amount to the pension line, so you end up paying tax on box 19 twice.
To fix this, enter the amount of box 20 on the T4A(P) slip in TurboTax's box 14 and ignore TurboTax's box 19.
Meanwhile TurboTax should fix this glitch. the amount on the pension line of the tax return should show the total of boxes 14 and 19 - that is what CRA's computer is looking for.
I done as you instructed by just using box 14 but there was still other income showing!!!
Line 13000 contains taxable income not included in other categories. Common sources of other income include retiring allowances, lump-sum payments, death benefits, and payments from a Registered Education Savings Plan (RESP).
Line 13000 amounts are transferred from a number of sources:
To review and confirm the source amounts of your other income on line 13000:
Note: The T4A amounts from box 105 that are not eligible for scholarship exemption are reported on line 13010.
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Thank you for your help!!
I didn’t know the amount in box 66 went to other income.
so much for a retirement allowance because it’s all going back to cra!! Woe is me!!
thanks again!
t
Im having the same problem with my mother's taxes. It's resulted in her income looking way higher than it is and it looks like she no longer meets low income to receive income supplement, although she should. If I do this to fix it, will CRA just add it back to the line I left blank?
Other Income can be coming from multiple things: As per the CRA, Your other employment income may include: medical premium benefits (box 118 of your T4A slip) veterans' benefits (box 127 of your T4A slip) Wage Earner Protection Program income (box 132 of your T4A slip) you can find a list here.
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