RL-1 slip - Box O, code CCYou received an RL-1 slip with an amount entered in Box O and Code CC regarding income from a Registered Disability Savings Plan (RDSP).
To report these benefits, please follow the steps below:
1. On the "Left side menu on the Interview tab", select "Interview setup".
2. On the screen that appears on the right, go to the "Pension" group, check the box "Pension income, other income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)", and click "Next" at the bottom of the page.
3. Return to the "Left side menu on the Interview tab" and select "Pension income, T4A".
4. On the page appearing to your right, click on the plus sign "+" icon to the right of the line "T4A - Pension, retirement, annuity and other income".
5. On the new page generated, go to the line "Other Information (click on the triangle to see the list of choices)" located in the middle of the page. Then, from the drop-down menu, choose "(131) Registered disability saving plan Box O code CC)" and enter the amount that appears on your T4A slip.
6. For Quebec residents: If the amount in Box O of the RL-1 differs from the one shown on the T4A slip, click on the "Maple Leaf" icon next to the corresponding federal box and a new box will be displayed where you can enter the amount for Quebec. This box will only appear if you have entered the federal amount first.
7. If you have not received a T4A slip, enter $0,00 for the federal amount and click on the "Maple Leaf" icon to enter the amount from Box O of the RL-1 slip.
The amount will be transferred by the program to line 12500 of the federal return and line 278 of the Quebec return. This amount will not be included in the net income of the Quebec return on line 275 but will be included in the taxable income on line 299.
For more information on RESPs, visit the link to the CRA:
ID: 20191001081316DEXX.xml
Webpage: KPA365-20191001081316DE.htm