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Level 1
posted Oct 30, 2019 11:42:54 PM

Why do I have an amount listed under Other Income on my tax profile?

0 3 742
3 Replies
Moderator
Oct 30, 2019 11:42:56 PM

Line 130 - Other income is used to report taxable income that has not been or should not be reported anywhere else on the return. There are a lot of things that might fall into “Other Income”. The CRA website has more details: 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


Level 1
Feb 22, 2023 7:27:49 AM

I have no 'other income', did not mark that option at all, Have only T4 slips for income, and Turbo tax has generated a $64.50 amount in my 'other income' line that I cannot find the source of. I never entered that amount nor, as I said, even check the option to include 'other income'

 

Moderator
Feb 22, 2023 5:49:05 PM

@LeAnne0555 As per the link I posted above, other income can come from a number of sources, including T4, T4A, T3 and other tax slips.

 

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