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catbobe
New Member

I get "Other income" (which I don't have) almost equal with my income for 2019. I can't find it/delete it. Can anyone help?

 
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R-d
Level 1

I get "Other income" (which I don't have) almost equal with my income for 2019. I can't find it/delete it. Can anyone help?

Ok. I just spent 3 hours and $79.99 on turbotax talking to support and tech help.  The ‘other income’ is MOST LIKELY CERB, which is considered income. The problem in this case is that you have probably either a) done your taxes more than once out of frustration, and not erased your previous returns so the ‘other income’, or your small CERB amount keeps adding up. Or b) you have collected several CERB payments which has added up to thousands of dollars.

CERB, FOR THE AVERAGE PERSON, WILL BE YOUR ONLY SOURCE OF ‘OTHER INCOME’. Unfortunately it IS income.

So if your ‘other income’ doesn’t equal the amount of CERB that is on your T4A, make sure you properly and fully erase all 2020 tax returns and start again.  CERB will appear as your ‘other income’ again but it should match your T4A this time.

*Happy note-if you made under $38,000.00 you won’t have to pay your CERB back (unless you REALLY milked CERB).  But you DO have to pay about $400.00 income tax on each $2,000.00 payment.

I hope this helps someone puzzled over ‘other income’ as I was.

View solution in original post

3 Replies
TurboTaxLise
Moderator

I get "Other income" (which I don't have) almost equal with my income for 2019. I can't find it/delete it. Can anyone help?

In the online version of the software, "Other Income" line 13000:

  • Refers to Scholarships, fellowships, bursaries, and artists' project grants; Apprenticeship incentive grant; Apprenticeship completion grant; lump-sum payments from pensions and deferred profit-sharing plans when leaving a plan; Retiring allowances (severance pay); Death benefits (other than Canada Pension Plan or Quebec Pension Plan death benefits) Other kinds of income. 

 

From the CRA: Line 13000 – Other Income

 

  • Line 13000 - 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). 

Line 130 amounts are transferred from a number of sources: 

  • Box 18, 24, 28, 40, 42, 105, 106, 130, 133, 134, 136, 194 from your T4A slips 
  • Box 22, 26 from your T3 slips 
  • Box 16, 20, 22 from your T4RIF slips 
  • Box 66, 67 from your T4 slips 

To review and confirm the source amounts of your other income on line 13000 in TurboTax online: 

  1. In the upper-right corner of your screen, select "Find". 
  2. In the Find window, type T-Slips
  3. Select T-Slips from the list, and select Go

Note: Scholarship and bursary income are usually exempt from tax for full-time students. If your T4A box 105 amounts are listed on line 13000, and you’re a FT student, return to the T4A screen and select the box 105 option for FT students to remove the line 13000 entry. 

 

 

 

Footnote: We at TurboTax want to encourage you and your close family to take all necessary precautions to ensure your safety. Please review the articles provided below for more information during these difficult times: 

 

R-d
Level 1

I get "Other income" (which I don't have) almost equal with my income for 2019. I can't find it/delete it. Can anyone help?

Ok. I just spent 3 hours and $79.99 on turbotax talking to support and tech help.  The ‘other income’ is MOST LIKELY CERB, which is considered income. The problem in this case is that you have probably either a) done your taxes more than once out of frustration, and not erased your previous returns so the ‘other income’, or your small CERB amount keeps adding up. Or b) you have collected several CERB payments which has added up to thousands of dollars.

CERB, FOR THE AVERAGE PERSON, WILL BE YOUR ONLY SOURCE OF ‘OTHER INCOME’. Unfortunately it IS income.

So if your ‘other income’ doesn’t equal the amount of CERB that is on your T4A, make sure you properly and fully erase all 2020 tax returns and start again.  CERB will appear as your ‘other income’ again but it should match your T4A this time.

*Happy note-if you made under $38,000.00 you won’t have to pay your CERB back (unless you REALLY milked CERB).  But you DO have to pay about $400.00 income tax on each $2,000.00 payment.

I hope this helps someone puzzled over ‘other income’ as I was.

View solution in original post

TurboTaxKim
Moderator

I get "Other income" (which I don't have) almost equal with my income for 2019. I can't find it/delete it. Can anyone help?

@ R-d

 

Thank you for sharing that information! A double-entry of income often occurs when someone uses the CRA Auto-Fill My Return service and manually enters their income slips as well. And for the 2020 tax year, we can expect to see many customers with an amount on Line 13000 of their tax return that relates to the Canada Emergency Response Benefit (CERB) payments. 

 

Please see the above post from TurboTax Lise that explains some other sources of Other Income found on Line 13000 of your tax return in addition to the COVID related benefits found in Boxes 197 to 204 of your T4A – Statement of Pension, Retirement, Annuity, and Other Income.

 

 

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