In which section do I include a service canada payment of $500 that was give to all OAS recipients over 75 years old?

posted

1 Reply

In which section do I include a service canada payment of $500 that was give to all OAS recipients over 75 years old?

To report this benefit, If you are using a TurboTax Online product, please follow the steps below.

Sign in to your return
Go to the Find icon (magnifying glass) at the top right corner to enter T4A
Select T4A - Pension, Retirement, Annuity, and Other Income then click on GO.
On the page that appears, you will see a One-time payment for older seniors Box 205 when you scroll down to the section Covid Related Benefits. Scroll a little further to see Box 205.
This is where you will enter your One-time payment Benefit.

For more information, please see the Canada Revenue Agency (CRA) webpage: One-time payment for older seniors

Thank you for choosing TurboTax.