RL-1 slip - Box O, code RC

You received an RL-1 slip with an amount entered in Box O and Code RC, because you were awarded a research grant.

A research grant is generally money you are given to pay for your expenses needed to carry out a research project.

Your allowable expenses cannot exceed the amount of your research grant.

For more information on research grants, please visit the following links:
For the CRA:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-104-other-employment-income/line-104-net-research-grants.html

Revenu Québec:

https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/96-to-164-total-income/line-154/point-3/

Please read paragraph J of this link for more details.

We recommend that you keep a detailed statement of your expenses and all supporting documents to be able to provide upon request.

To declare this research grant, please follow these steps:

1- On the "Left side menu on the Interview tab", select "Interview setup" and 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.

2- Return to the "Left side menu on the Interview tab" and select "T4A and pension income" and on the page appearing to your right, choose "T4A - Pension, retirement, annuity and other income".

3- On the page that is generated, go to 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 the option "(104) Research Grants" and in the field on your right, enter the net amount of your research grant.

4- For Quebec residents: If the net amount of your research grant differs from the federal amount, click on the "Maple Leaf" icon next to the field 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.

5- 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 net amount of your research grant for Quebec.

The amount will be transferred by the program to line 10400 of the federal return and line 154 of the Quebec return, and Code 03 will be entered on Quebec line 153.

ID: 20191209145838DE.xml

Webpage: KPA365-20191209145838DE.htm

Français