The Ontario Trillium Benefit received will not show as part of your refund, as explained below.   As per our TurboTax article with step-by-step video: What Is the Ontario Trillium Benefit? The Ontario Trillium Benefit (OTB) is a refundable tax credit to assist low-income families in paying for energy costs, sales tax, and property tax. It combines three tax credits into one single payment: The Ontario Energy and Property Tax Credit or OEPTC The Ontario Sales Tax Credit And the Northern Ontario Energy Credit The credits are funded by the Province of Ontario and are administered by the Canada Revenue Agency. Direct deposit payments issued may be indicated as “Canada PRO” in your account activity.   If qualified to receive this credit, the amount will be sent in   payments throughout the year.  If your benefit is more than $360, you may choose whether you want to be paid monthly or annually. When you are paid monthly, you receive your payment earlier, but when you are paid annually, you are paid one lump sum at the end of the benefit year. If your benefit is $360 or less, you do not have the option of being paid monthly; you are paid annually in July. You can claim the Ontario Trillium Benefit if you are eligible for the Ontario Energy and Property Tax Credit (OTC), the Ontario Sales Tax Credit (OSTC), or the Northern Ontario Energy Credit (NOEC).   Thank you for choosing TurboTax. ... View more

The word dependant is defined as “A person who relies on another, especially a family member, for financial support”. The Canada Revenue Agency’s definition of dependant is similar but can vary for each credit. From the TurboTax articles, you can find more information about  Who Can I Claim as a Dependant on my Tax Return? If you’re a single parent, you may be able to claim one of your children under 18 years of age, or one over 18 and deemed a dependant due to mental or physical impairment, under the Amount for an Eligible Dependent. The Amount for an Eligible Dependent is sometimes also known as the Equivalent to Spouse credit.  From this TurboTax article below, you can find more information:   Who are Considered Dependants?   Thank you for choosing TurboTax. ... View more

Assured Income for the Severely Handicapped (AISH) is a type of Social Assistance provided by the Alberta Government. You should receive a T5007 tax slip that you will need to file your income tax return. If you do not receive this slip by the end of February, you should contact AISH or your worker and request it.  To claim AISH In Turbo Tax you can follow the steps below:   On the left side of your screen click on  My Return. Next Click on Income. Then click on  T-Slips and choose  T5007  WCB, social assistance, and federal supplements and fill up all information from your  T5007 tax slip. You can find more information on the Alberta.ca website  here    AISH benefits    Thank you for choosing TurboTax. ... View more

ESDC is an acronym for Employment and Social Development Canada.   Employment and Social Development Canada (ESDC) works to improve the standard of living and quality of life for all Canadians.  Box  205  is for the One-time payment for older seniors   as seen in this Canada.ca link about the T4A slip: Statement of Pension, Retirement, Annuity, and Other Income, and more information can be found in their link One-time payment for older seniors.   Please see our TurboTax FAQ on How do I enter a T4A slip To enter the amount from box 205 - One-time payment for older seniors   you will go to the second box from the bottom right corner of the T4A screen.   Thank you for choosing TurboTax. ... View more

If you have a spouse or common-law partner, only one of you can get the credit for the family. The credit will be paid to the spouse or common-law   partner whose tax return is assessed first. No matter which one of you receives the credit, the amount will be the same as seen in this Canada Revenue Agency link Do you need to apply for the CAIP.   TurboTax FAQ What's the Climate Action Incentive?   Thank you for choosing TurboTax. ... View more

Where do I enter the staycation tax credit? The tax credit only applies to leisure stays between January 1, 2022, and December 31, 2022, regardless of the timing of payment for the stays. You do not have options to claim for this year Income tax preparation for 2021. The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province while helping the tourism and hospitality sectors recover from the financial impacts of the  COVID-19 pandemic.  The tax credit does not apply to business travel.   Ontario residents can claim 20% of their eligible 2022 accommodation ex penses. On the Government of Ontario page, in the link about the   Ontario Staycation Tax Credit  you can learn more about who is eligible, and how to claim the credit.   Thank you for choosing TurboTax. ... View more

Where to enter the amount on T4A? A T4A is a catch-all slip.  If an amount doesn’t go on another slip, it ends up on a T4A – Statement of Pension, Retirement, Annuity, and Other Income. There are actually four different types of T4As: T4A(P) – Statement of Canada Pension Plan Benefits T4A(OAS) – Statement of Old Age Security T4A-RCA Statement of Distributions from a Retirement Compensation Arrangement And the plain, no-frills or extra letters T4A – Statement of Pension, Retirement, Annuity, and Other Income You need to see which T4 A you have and chose from the options  in TurboTax software  On the left side of the screen when you are on   My return   click on   Income   and then   T -Slips   and you will see all different Types of T4 A , where you can chose the one you have to fill it up. Very important information about different types of T4 slips you can see in our  great TurboTax article  Your Complete Guide to the T4A Tax Slip For more information and step-by-step directions, please see our TurboTax FAQ  How do I enter a T4A slip .   Thank you for choosing TurboTax. ... View more

No , a  T5  is not the same thing as a T5008 Slip. While a T5008 slip details your securities transactions, a T5 is a statement of investment income. Investment income is what you earn in interests and dividends on investments and only those in a non-registered account. Both sources of income must be reported on your T1 with your yearly tax return. It is important to note that however, there may be an overlap between these two slips. They may reflect the same income, and therefore reporting them both would have you report the same income twice. You should consult with those who issued you the slips to understand exactly what you need to report.   More about T5008 and  T5 you can find in our Turbo Tax article here  T5008 Slip – Statement of Securities Transactions.   Thank you for choosing TurboTax. ... View more

TurboTax automatically sums up your CPP contributions from your T4s and calculates the overpayment for you, if applicable.  In the link from  TurboTax FAQ  Canada Pension Plan (CPP) amounts on my tax return? you will find more related information about CPP over deductions.  You've already started receiving CPP benefits. If you've started collecting CPP, you don't need to make CPP contributions anymore and should receive any amounts you contributed back for the current tax year. You indicated that you're CPP exempt. When you indicate that you're CPP exempt in box 28 of your T4, TurboTax automatically calculates any CPP amounts paid as an overpayment. To make the election or enter the details of a previous election to stop paying CPP using TurboTax Online or in the EasyStep view, go to Income > T-Slips > T4A(P) Canada Pension Plan Benefits. On the T4A(P) - Summary screen, you can enter your information about previous elections or choose to stop contributing to CPP.  You must say "Yes" to the question - "Did you elect to stop contributing to CPP   in a year prior to 2017?" This screen will only appear if you were 65 to 70 years of age.    Thank you for choosing TurboTax. ... View more

As our TurboTax article asks: "Have you bought, sold, or cashed securities this year? Securities include publicly traded shares and many other financial products such as bonds, T-bills, and mutual fund units. If you’ve dealt with any of these objects in the last fiscal year you can expect a T5008 slip from your broker. What is this slip and how do you report it on your taxes? We’ll answer your questions below.   Please review this TurboTax article for more complete information: T5008 Slip – Statement of Securities Transactions   Thank you for choosing TurboTax. ... View more