Line 14500 - Social assistance payments
If you did not have a spouse or common-law partner, report the amount from box 11 of your T5007 slip and box A of your Relevé 5 Slip, Benefits and Indemnities (Revenu Québec), if applicable.
If you had a spouse or common-law partner, the spouse or common-law partner with the higher net income on line 23600 of their return (not including these payments or the deductions on line 21400 or line 23500 of their return) must report all of the payments even if that person's name is not shown on the slip.
If you and your spouse or common-law partner have the same net income, the person named on the T5007 slip (or the "bénéficiaire" on the Relevé 5 slip) must report the payments.
You do not have to report certain social assistance payments that you or your spouse or common-law partner received for being a foster parent or for caring for an adult with a disability who lived with you. However, if the payments are for caring for your spouse or common-law partner or any person related to either of you, the spouse or common-law partner who has the higher net income must report those payments.
You do not have to report income that you received for social assistance payments under a program of the Government of Canada, the government of a province or territory, or of an Indigenous governing body if the following conditions are met:
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The payments were made for the temporary care and upbringing of a child in need of protection
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The child would be considered your child if you did not receive payments under the program (the child is wholly dependent upon you)
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No special allowances under the Children's Special Allowances Act were payable for the child for the period that the social assistance payment was made
If you repay an amount that was shown on a T5007 slip or a Relevé 5 Slip in a previous year, the return for that year may be adjusted based on the amended slip provided.
If you are registered or entitled to be registered under the Indian Act and were living on a reserve, complete Form T90, Income Exempt from Tax under the Indian Act, to report social assistance payments received from a First Nation or band council.
Other amounts you have to report on your return
Retroactive lump-sum payments
If you received a lump-sum payment of eligible income in 2023, parts of which were for previous years after 1977, you must report the whole payment on the appropriate line of your 2023 return. These amounts are shown on a completed Form T1198, Statement of Qualifying Retroactive Lump-Sum Payment, issued by the payer.
You can ask the CRA to tax the parts from previous years as if you received them in those years. The CRA can apply this calculation to the parts that relate to years you were resident in Canada if the total of those parts is $3,000 or more (not including interest) and the result of the calculation is better for you. The CRA will tell you the result on your notice of assessment or reassessment.
Loans and transfers of property
You may have to report income, such as dividends (line 12000 of your return) or interest (line 12100 of your return) from property, including money and any replacement property, that you loaned or transferred to your spouse or common-law partner or a related minor (including a niece or a nephew) under 18 years of age at the end of 2023. This includes loans or transfers to a trust in favour of such a person.
You may also have to report capital gains (line 12700 of your return) from property that you loaned or transferred to your spouse or common-law partner or to a trust for your spouse or common-law partner.
For more information, see archived interpretation bulletins IT-510, Transfers and Loans of Property Made After May 22, 1985 to a Related Minor, and IT-511R, Interspousal and Certain Other Transfers and Loans of Property, and Guide T4013, T3 Trust Guide.
Tax shelters
To claim deductions, losses or credits from tax shelter investments, see your T5003 and T5013 slips, and complete Form T5004, Claim for Tax Shelter Loss or Deduction.
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