T4A slip - Box 132

You received a T4A slip with an amount shown in Box 132 regarding benefits received from the Wage Earner Protection Program (WEPP), due to the bankruptcy or insolvency of your employer.

To report this amount, 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", 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 "(132) Wage earner protection program (Box O code CA)" 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.

The amount will be transferred by the program to line 10400 of the federal return and, for residents of Quebec, line 154 of the Quebec return, and Code 12 will be entered on Quebec line 153.

For more information on this subject, consult the following links:

For CRA:
https://www.canada.ca/en/employment-social-development/services/wage-earner-protection.html


For Revenu Québec
https://www.revenuquebec.ca/en/businesses/rl-slips-and-summaries/methods-for-filing-rl-slips-and-summaries/

 

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Webpage: KPA390-20190930113244DE.htm

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