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Returning Member
posted Mar 9, 2023 4:29:28 PM

Other Income

I entered 800 as other employment income and final refund was $434.  I then made the change and deleted the 800 as other employment income and entered it as just "other income" and my refund decreased by over $100.  Is employment income taxed at a lower rate than other income?

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Moderator
Mar 16, 2023 5:38:18 PM

As per CRA: Employment income consists of amounts that you receive as salary, wages, commissions (see line 10120), bonuses, tips, gratuities, and honoraria. Employment income is usually shown in box 14 of your T4 slip.

Depending on your tax bracket it will change the amount- Please check out this TurboTax Article with information. Canada Taxes 2022: Federal Tax Brackets, Rates and Credits

 

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