As per the Canada Revenue Agency (CRA), Royalties may also be income from investments or from a business. Your income from royalties may be shown inbox 17of aT5 slip.
If your royalties are from a work or invention and there arenoassociated expenses, report the income online 10400of your return. If there were associated expenses, report the income online 13500 of your return. Report all other royalties online 12100 of your return.
To enter this information in TurboTax online, follow these steps:
Log in to your TurboTax account and select "View all tax return". Select the tax return you want to work on.
On the top-left corner, click on "Find".
Now search for "Foreign Income" and select the result.
On the "Foreign income" screen, put your information that matches your category. You can use "Other Foreign Income" if it doesn't match any of the other categories.