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Income Worksheet

The income worksheet records various forms of income that do not concisely fit into a category on the T1 General.

To view the Income Worksheet, double-click on the form named "Income WS" in the Form Manager.

Line 104 - Other Employment Income

The amount in line 104 can be derived from various sources:

• Employment income reported on T4A

  Open the form named "T4A" in the return and enter an amount in box 104 under the section for additional amounts.

  

  Note: If there are deductible expenses from the research grant reported in box 104, record them in the field provided under Footnote Codes and Explanation. The expenses will reduce the amount forwarded to line 104 in the Income Worksheet.

• Employment income reported on T4PS

  Open the form named "T4PS" in the return and enter an amount in box 35.

• Priest's allowance / Clergy Housing Allowance

  Open the form named "T4" in the return and enter an amount in box 30 under the section "Other Income and Information".

• Royalties from a Work or Invention

  Open the form named "T5" in the return and enter an amount in box 17.

  Note: You must also check the box indicating the royalties are for a work or invention under "Additional Information" for box 17.

• Foreign Employment Income

  Enter the appropriate amount in the field provided, as well as any foreign taxes withheld on the income and the country of employment.

• Tips and Gratuities

  Enter the amount in the field provided.

• Prior Year's GST or QST Rebate Received

  Enter the amount in the field provided. Refer to CRA for more information, especially guide T4044.

  Note: This does not refer to the GST/HST Credit.

• Wage Loss Plan Benefits Received, as Reported on T4As

  Open the form named "T4A" in the return and enter an amount in box 107.

• Other Wage Loss Plan Benefits Received

  Enter the amount in the field provided.

• Less Premiums Paid

  Enter the amount in the field provided.

  Note: This amount will reduce the amount forwarded to line 104 of the T1 General.

Note: There is space allowing you to report a description and amount for other criteria not covered above reported on line 104, such as occasional income (e.g. baby-sitting, etc.).  For more steady income, it may be preferable to report such income on line 135. Refer to CRA for more information.

Line 115 - Other Pensions and Superannuations

The amount in line 115 can be derived from various sources:

• Pension Income from T3

  Open the form named "T3" in the return and enter an amount in box 31.

• Pension Income from T5

  Open the form named "T5" in the return and enter an amount in box 19.

  Note: You will also need to check the box indicating the amount in box 19 is an annuity on the death of your spouse, under "Additional Information".

• Pension Income from T4A

  Open the form named "T4A" in the return and enter an amount in boxes 16,24, and/or 133.

  Note: You will also need to check the box indicating the amount in box 24 is an annuity on the death of your spouse, under "Footnote Codes and Explanation".

• Pension Income from T4RIF

  Open the form named "T4RIF" in the return and enter an amount in boxes 16, 18, 20, 22 and/or 24.

  Refer to CRA for more information.

• Pension Income from NR4

  Open the form named "NR4" in the return and enter an amount for code 39.

  Note: The residency status of the taxpayer must be reported as Non-Resident.

• Income Transferred from Your Spouse According to His/Her T2205

  Open the form named "T2205 - Spousal" in both returns and enter appropriate information in the fields provided. The amount from line 19 of your spouse's T2205 will forward to your line 115 of the Income Worksheet if they were 65 or older at the end of the year. The amount from line 20 of your T2205 will forward to your line 115 f the Income Worksheet if you were 65 or older at the end of the year.

• US Social Security Benefits

  Enter the amount in the field provided.

  Note: The amount of exempt benefits deductible on line 256 will automatically be calculated.

  If you are a resident of Canada and have been receiving Social Security benefits continuously since before 1996, check the box provided. This will increase the amount of benefits deductible on line 256.

• Foreign Pension Income

  If there is a tax treaty with the country your pension is from, you can claim a deduction on line 256, for the part of your foreign pension income that is tax-free in Canada. Refer to CRA for more information.

  Enter the total amount of foreign pension received,  as well as the tax free portion deductible on line 256, and the taxes withheld on the pension income, in the fields provided. The total amount of income will be forwarded to line 115 of the Income Worksheet.

• Revenue from a United States Individual Retirement Account (IRA)

  If, during 2012, you received amounts from an IRA or converted the IRA to a "Roth" IRA, contact CRA for more information.

  Enter the appropriate amount in the field provided.

Note: There is space allowing you to report a description and amount for other criteria not covered above reported on line 115. Refer to CRA for more information.

Line 128 - Support Payments Received

Enter the total and taxable amount of support payments received in the fields provided. Some support payments received may not be taxable depending on your situation. Refer to CRA for more information.

Line 130 - Other Income

The amount on line 130 can come from various sources:

• Other income from T3

  Open the form named "T3" in the return and enter an amount in boxes 22, 26, 35, 46, and/or 47.

  Note: You must also fill in the additional information for boxes 26 and/or 47.

• Other income from NR4

  Open the form named "NR4" in the return and enter an amount for code 36.

  Note: The residency status of the taxpayer must be reported as Non-Resident.

• Other income from T4A

  Open the form named "T4A" in the return and enter an amount in boxes 18, 24, 28, 40, 42, 133, and/or 134. Refer to CRA for more information.

  Note: You will also need to clear the box indicating the amount in box 24 is an annuity not received on the death of your spouse, under "Footnote Codes and Explanation".

• Other income from T4A-RCA

  Open the form named "T4A(RCA)" in the return and enter an amount in boxes 14, 16, 18, and/or 20.

• Other income from T4RIF

  Open the form named "T4RIF" in the return and enter an amount in boxes 16, 18, 20, 22, and/or 24.

  Refer to CRA for more information.

• Eligible and Non-Eligible Retiring Allowances from T4

  Open the form named "T4" in the return and enter an amount in boxes 66 and/or 67.

• Income Transferred From Your Spouse According to Their T2205

  Open the form named "T2205 - Spousal" in both returns and enter appropriate information in the fields provided. The amount from line 19 of your spouse's T2205 will forward to your line 115 of the Income Worksheet if they were under age 65 at the end of the year. The amount from line 20 of your T2205 will forward to your line 115 f the Income Worksheet if you were under age 65 at the end of the year.

• Income From Foreign Sources

  Enter the appropriate amount to be entered in line 130 in the field provided.

  Refer to CRA for more information.

• Scholarships, Bursaries, Prizes, etc. (see T4A)

  Open the form named "T4A" in the return and enter an amount in box 105.

  Note: You will need to record any appropriate details under the section "Additional Information" for box 105.

• Other Property Income to be Reported at line 11 of T936, CNIL

  Enter the appropriate amount in the field provided.

• Recovery of Exploration and Development Expenses (see line 12 of T936)

  Open the form "T1229 - Resources" and enter appropriate amounts in the fields provided.

  The Cumulative Canadian Exploration Expense balance at the end of the year will be forwarded to the calculations for line 12 of form T936.

  Refer to CRA for more information.

• Form AGR-1, Box 18, if positive

  Enter the amount, if positive, from box 18 of your form AGR-1, Statement of Farm Support Payments, labelled "Investment Income" in the field provided.

Note: There is space allowing you to report a description and amount for other criteria not covered above reported on line 130. Refer to CRA for more information.

Eligible Death Benefits

The amount for eligible death benefits can come from various sources:

• Eligible Death Benefits from T3

  Open the form named "T3" in the return and enter an amount in boxes 26 and 35.

  Note: The amount in box 35 is already included in box 26.

• Eligible Death Benefits from T4A

  Open the form named "T4A" in the return and enter an amount in box 106.

• Eligible Death Benefits from NR4

  Open the form named "NR4" in the return and enter an amount for code 06.

  Note: The residency status of the taxpayer must be reported as Non-Resident.

• Other Eligible Death Benefits

  Enter an appropriate amount in the field provided.

You may be able to exempt up to $10,000 of death benefits from income. The calculations are performed on this form and flow into line 130. Refer to CRA for more information.

Business Income

The amount for net business income can come from various sources:

• Foreign Business Income from T3

  Open the form named "T3" in the return and enter an amount in box 24.

  Note: The amount in box 33 for foreign business taxes paid will reduce the amount used in the calculation for net business income.

• Net Business Income from T2125 or T1139 less Tax Shelter Losses

  Open the form named "T2125" in the return and enter appropriate information in the fields provided.

  Note: If you are electing to use a year-end other than December 31, 2012, you must fill out form T1139, Reconciliation of 2011 Business Income for Tax Purposes. The resulting income will flow into the calculations for line 135.

  Refer to CRA for more information.

• Net Business Income from Active Partnerships, T5013's

  Open the form named "T5013 Partnership" in the return and enter amounts in boxes 20, 21, 23, 26, 35, 37, 39, 41, 43, and/or 9974 (on page 3).

  Note: These amounts will be reduced by "Other Amounts Deductible from Your Share of Net Partnership Income (Loss)" and "Calculation of Business Use of Home Expenses"

  Note: The amount in box 82 for foreign taxes on business will reduce the amount used in the calculation for net business income.

  Refer to CRA for more information.

Note: There is space allowing you to report a description and amount for other criteria not covered above reported on line 135. If you are required to declare income on line 135, it may be beneficial to fill out a T2125 instead of using the generic blank space provided, even if you have not officially declared a business. Refer to CRA for more information.