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Gin74
New Member

T1 Slip for Shares

I will be getting a T1 slip from work for the shares I own in an employee-owned company. 
Where do I enter this information in TurboTax Online?

1 Reply

T1 Slip for Shares

It will depend on what type of slip you are issued. T1 refers to the tax return itself, there is not an actual tax slip that is titled "T1".

 

If you are an employee shareholder in a company, you likely receive "dividends". These dividends can be reported on any of the following slips shown in the attached CRA information, but most commonly are reported on a T5 - Statement of Investment Income slip.

 

You will enter this in TurboTax the same way you would enter any "T-Slip" you receive. 

 

Line 12000 - Taxable amount of dividends (eligible and other than eligible) from taxable Canadian co...