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April 11, 2022
Question

Other income is showing in summary income when no other income was inputted?

  • April 11, 2022
  • 1 reply
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I have no student scholarship

    1 reply

    April 13, 2022

    Line 130 - Other income contains taxable income not included in other categories. Common sources of other income include scholarships/bursaries, retiring allowances, lump-sum payments, death benefits, and payments from a Registered Education Savings Plan (RESP).

     

    Line 130 amounts are transferred from a number of sources:

    • Box 18, 24, 28, 40, 42, 105, 106, 130, 133, 134, 136, 194 from your T4A slips
    • Box 22, 26 from your T3 slips
    • Box 16, 20, 22 from your T4RIF slips
    • Box 66, 67 from your T4 slips

    To review and confirm the source amounts of your other income on line 130:

    1.  In the upper-right corner of your screen, select Find.
    2.  In the Find window, type T-Slips.
    3.  Select T-Slips from the list, and select Go.

    Note: Scholarship and bursary income are usually exempt from tax for full-time students. If your T4A Box 105 amounts are listed on line 130, and you’re a Full-Time student, return to the T4A screen and select the Box 105 option for Full-Time students to remove the line 130 entry.

     

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