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moultons2
New Member

If you enter Patronage Allocation amount in Box 30 and tax withheld on box 22 it does not compute. What do you do?

 
3 Replies

If you enter Patronage Allocation amount in Box 30 and tax withheld on box 22 it does not compute. What do you do?

When you enter your Patronage Allocations for Box 30 of the T4A slip, you must choose if they are Taxable or Non-Taxable.

CRA says "Do not report the amount if it was for goods and services you consumed and for which you cannot deduct the cost when you calculate your income". Which means if you claimed the goods as expenses for business use, employment expenses, etc, you enter them as "taxable". If you used strictly for personal use, enter as "non-taxable".

Taxable entries will appear as "Other Income" (Line 130). Non Taxable entries will not appear at all.

saskbev
New Member

If you enter Patronage Allocation amount in Box 30 and tax withheld on box 22 it does not compute. What do you do?

Revenue Canada shows an income $142.61 for me of co-op dividends . Where do I file that on my tax return?

TurboTaxHeba
Intuit Alumni

If you enter Patronage Allocation amount in Box 30 and tax withheld on box 22 it does not compute. What do you do?

If you have received a slip (T3, T5, etc), you will need to enter the income from this slip. On the right corner of the top bar, of the return, type the name of your slip in the "Find" engine. You can fill the slip Boxes exactly as you have received it. 

 

If you know the amount of the dividend but don't have a slip for it:

  • Type "dividends" in the "Find" engine
  • Choose "Dividends from Canadian corporation not reported on a T-slip"
  • Ignore the upgrade massage
  • an "Eligible Dividend Income" page will open
  • Enter the description of the source of the income and the Actua amount received
  • save your changes 

I hope this was helpful

 

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:

What to know about COVID-19 and Your Taxes.

https://turbotax.intuit.ca/tips/what-to-know-about-covid-19-and-your-taxes-11110

Canada’s COVID-19 Economic Response Plan

https://www.canada.ca/en/department-finance/economic-response-plan.html

COVID-19: Tax Info Centre

https://turbotax.community.intuit.ca/community/tax-topics/help/covid-19-tax-info-centre/01/1335957#M...

Canada Emergency Response Benefit (CERB)

https://turbotax.intuit.ca/tips/canada-emergency-response-benefit-cerb-11165