1042-S Form

To enter your 1042s please go to the left menu and click on Income then click on T-Slips then scroll down to click on Foreign Income where you will click on Enter New foreign income for... and enter your information then Done With Foreign Income.

Ensure you specify the source country (USA) and enter the exchange rate so the amount can be converted to CDN$. For example US$1=CDN$1.3, the exchange rate that will be entered is 1.3. You may want to apply a “note” to each slip as well to be able to easily identify them if needed later.

For more information, visit What is the 1042-S Form & How do I apply it to my Canadian Tax Return? 

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