T4A slip - Box 104

You received a research grant which was declared on a T4A slip in Box 104 and for residents of Quebec on an RL- 1 in Box O with code RC.
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:

http://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:

http://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".

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", 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 "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.

5- 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.

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

 

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Webpage: KPA390-20191120114403DE.htm

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