T4A slip - Box 040You were issued a T4A slip with an amount in Box 040, because you received a payment as a subscriber to an RESP.
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 on your right, go to the "Pension" group, check the box for "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". On the page to your right, choose "T4A - Pension, retirement, annuity, and other income".
4- On the page that appears entitled "T4A - Pension, retirement, annuity and other income", go to line "Box 040 - RESP accumulated income payments (Include portion contributed to RRSP below.)" and enter the amount shown in Box 040 of your T4A slip.
5- If you contributed to an RRSP, enter the amount in the box below, "- Portion of box 40 contributed to a RRSP" because this amount will be used in federal schedule T1172 as well as Quebec schedule TP-1129.64 to reduce the special tax on RESP.
6- Enter your contribution to an RRSP in the "RRSP contributions, limits" section of the "Left side menu on the Interview tab" based on the information you have.
The program will generate schedules T1172 and TP-1129.64 for Quebec residents, and will transfer the amounts to line 13000 of the federal return and, if applicable, to line 154 of the Quebec return, as well as enter Code 03 on Quebec line 153.
ID: 20191119151901DEX.xml
Webpage: KPA390-20191119151901DE.htm