  Other income |
Enter the amount received pursuant to a law of Canada or any province other than Quebec for workers compensation benefits, work accident prevention benefits, benefits with respect to a road accident, or financial compensation due to an act of good citizenship or being a victim of an act of crime. These amounts may be reported on a T5007 tax slip.
Enter the number of days in the year that the compensation was received.
Enter an internal note regarding tax on split income [T1206]. Click here to see the Questions and answers to address changes to income splitting to find out if the individual is exempt from TOSI.
Description and actual amount of dividends other than eligible dividends. Use [Alt-J] to enter different values for other jurisdictions.
Description and actual amount of eligible dividends. Use [Alt-J] to enter different values for other jurisdictions.
Description and amount of foreign non-business income. Use [Alt-J] to enter different values for other jurisdictions.
Description and amount of foreign business income. Use [Alt-J] to enter different values for other jurisdictions.
Description and amount of taxable capital gains. Use [Alt-J] to enter different values for other jurisdictions.
Description and amount of interest income. Use [Alt-J] to enter different values for other jurisdictions.
Description and amount of other split income. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Split-CapGain to enter the capital gain on dispositions made in 2023 if the taxpayer (or a trust of which the taxpayer is the beneficiary) disposed of shares to a person with whom the taxpayer does not deal at arm's length, and the dividends on such shares would be subject to TOSI. DT Max will enter this amount on line A of the T1206 Form.
If the taxpayer is under 18 years of age at the end of the year, the capital gain amount is deemed to be a dividend (other than eligible dividend). This amount will be include under "Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations" on lines 12000 and 12010 of the return. In addition, this amount will be added on line 1 in Part 1 of the T1206 Form.
If the taxpayer is 18 years of age or older in 2023, the amount will be added on the applicable line(s) of Schedule 3 In addition, this amount will be added on line 3 in Part 1 of the T1206 Form.
The following options are applicable for the keyword Split-CapGain.
Qualified small business corporation shares (QSBCS)
Qualified farm property (QFP)
Qualified fishing property (QFiP)
Stock, mutual funds & other non depreciable property
Other mortgage foreclosures / repossessions
Use [Alt-J] to enter different values for other jurisdictions.
 See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 40424 - Federal tax on split income (T1206)
 See the CRA's general income tax guide:
Line 40424 - Federal tax on split income
The keyword group Split-Reserve-Yr has been created for the following three purposes: - it carries forward the amount of reserve claimed in the current year,
- it maintains all the information for purposes of calculating any subsequent reserves (i.e. year of sale and amount of capital gain) and
- it maintains the type of shares involved for purposes of reporting the reserve associated to the capital gain on the appropriate line of federal Schedule 3 (if applicable) and on the appropriate line of Quebec Schedule G (if applicable).
This information is used also to determine the applicable percentage for the reserve. - Year of sale = 80%
- 1st year after the sale = 60%
- 2nd year after the sale = 40%
- 3rd year after the sale = 30%
- 4th year after the sale = 0%
Use the keyword Split-CG-Hist to enter the amount of capital gain on a disposition made in a previous year that was subject to the tax on split income. This historical information is for purposes of calculating any maximum current or subsequent reserves.
The following options are applicable for the keyword Split-CG-Hist.
Qualified small business corporation shares (QSBCS)
Qualified farm property (QFP)
Qualified fishing property (QFiP)
Stock, mutual funds & other non depreciable property
Other mortgage foreclosures / repossessions
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Split-Opening to enter the amount of reserve claimed in the previous year on a capital gain that was subject to tax on split income (from line B of Form T1206) [T1206 L. B].
If the taxpayer were 18 years of age or older in 2023, DT Max will enter the capital gain amount on the applicable line(s) of Schedule 3. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 40424 - Federal tax on split income (T1206)
See the CRA's general income tax guide:
Line 40424 - Federal tax on split income
Use the keyword Split-Proceed to enter the amount of proceed of disposition of the gain that was subject to tax on split income.
Use the keyword Split-PayableAfter to enter the amount payable after the end of the year of the gain that was subject to tax on split income.
Use Grants to enter the amount received for training allowances and grants. This amount is reported on line 13000 of the federal income tax return and line 154 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
If your client received a death benefit from his employer upon the death of his spouse, use Death-Allow to enter the amount of this benefit, up to a maximum of $10,000.
The first $10,000 is a tax free benefit included in the income of the beneficiary rather than that of the deceased taxpayer (IT-301).
The exemption applies first to the surviving spouse, but if benefit is less than $10,000 and other beneficiaries receive some benefit as well, the maximum exemption available to them be of $10,000 less the claim of the surviving spouse. The exempt portion still available will be shared among the other beneficiaries on a prorata basis (IT-508).
If the benefit is paid over the span of two tax years, the total exemption shall not be greater than $10,000. DT Max will not know whether the exemption is shared or the benefit spread out over two tax years. Therefore, the only limit that DT Max will impose is the $10,000 limit for any one person in any one tax year.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Labour adjustment benefits received (reported in box O of RL-1). This amount is reported as other income on line 13000 the federal income tax return and line 154 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Maternity benefits received (as per box O of RL-1). This amount is reported as other income on line 13000 of the federal income tax return and line 154 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Gas excise tax rebates received, which have not been taken into account in the taxpayer's financial statements. This amount is reported as other income on line 13000 of the federal income tax return and line 154 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
If your client transferred money to his spouse or other related party (under age 18) and the income from that money or property is considered taxable to him, use Loan-Income. Do not enter this amount twice. If the income is designated as investment or business income, enter it as such. This amount is reported as other income on line 13000 of the federal income tax return and line 154 of the Quebec income tax return.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use Oth-Prop-Inc to enter other income to be included in the calculation of CNIL.
This amount is reported as other income on line 13000 of the federal income tax return and line 154 of the Quebec income tax return.
This amount is not considered eligible income for the RRSP eligibility calculation. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
Use Other-Income to enter other income not to be included in the calculation of CNIL.
This amount is reported on as other income on line 13000 of the federal income tax return and line 154 of the Quebec income tax return.
This amount is not considered eligible income for the RRSP eligibility calculation. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 13000 - Other income
See the CRA's general income tax guide:
Line 13000 - Other income
This keyword is used to enter pension income from the Specified Pension Plan (SPP). All payments from SPP are taxable in the year received and are eligible for the $2,000 pension income amount. Presently, the only SPP is the Saskatchewan Pension Plan.
The following options are applicable for the keyword Sask-PP-Inc.
Pension A pension or life annuity received for reasons other than death of spouse. Note that these pensions are eligible for the pension deduction for taxpayers aged 65 years or older.
Lump sum A lump sum withdrawal from the plan.
Death of spouse A pension received by reason of death of spouse. This is a lump sum withdrawal due to the death of a spouse. This amount is eligible for the pension deduction, but no longer eligible for a rollover.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Use Source.spp to identify the source of the pension income.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
Use the keyword Amount.spp to enter the amount of pension income.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 11500 - Other pensions or superannuation
See the CRA's general income tax guide:
Line 11500 - Other pensions and superannuation
The keyword FIT.spp represents federal taxes deducted at source.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 43700 - Total income tax deducted
See the CRA's general income tax guide:
Line 43700 - Total income tax deducted
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Number-Days.fed 
Split-Reserve-Yr 
Split-CG-Hist