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cjntorres
New Member

How do I enter maternity benefits?

 
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How do I enter maternity benefits?

Thank you for choosing TurboTax.

Filing Taxes on Maternity or Parental Benefits

EI benefits are taxable, and Service Canada automatically deducts your federal and provincial or territorial tax from your benefits. If you have received maternity or parental benefits during the past tax year, you will receive a T4E slip detailing benefits received and taxes paid. Unless you specifically request a paper T4E, your information will be available to you only via your online Service Canada account or your CRA My Account.

 

Take the amount from box 14 – benefits paid – and transfer it to line 119 of your income tax return. This amount is added to the rest of your income, and your deductions are subtracted to calculate your net or taxable income.

 

The income tax you paid will appear in box 22. This figure is added to box 22 amounts from any other T4 slips and is entered on line 43700 of your tax return. This amount is subtracted from your taxes due.

 

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