T4A slip - Box 134, Tax-Free Savings Account (TFSA)

You received a T4A slip with an amount shown in Box 134 regarding interest income earned from a tax-free savings account (TFSA).

To report the total amount of interest earned, 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 on "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 "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 "(134) Tax-Free Savings Account (TFSA)" and enter the amount shown on your T4A slip.

5- 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 field. A new box for Quebec will be displayed where you can enter the amount from the RL-1 slip. This box will only appear if you have entered the federal amount first.

The amount will be carried over by the program to line 13000 of the federal return and, if applicable, to line 130 of the Quebec return.

 

ID: 20191126102032DE.xml

Webpage: KPA390-20191126102032DE.htm

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