Line 25600 - Additional deductions
Specify the deduction you are claiming in the space provided on your return. Attach a note to your paper return if you are claiming more than one type of deduction, deducting more than one amount or to explain your deductions in more detail.
Exempt foreign income
You can claim a deduction if you reported foreign income on your return that is tax-free in Canada because of a tax treaty such as support payments that you received from a resident of another country and reported on line 12800 of your return.
Under the Canada-United States (U.S.) tax treaty, you can claim a deduction equal to 15% of the U.S. Social Security benefits, including U.S. Medicare premiums, that you reported as income on line 11500 of your return.
If you have been a resident of Canada receiving U.S. Social Security benefits continuously during the period starting before January 1, 1996, and ending in 2023, you can claim a deduction equal to 50% of the U.S. Social Security benefits received in 2023. This 50% deduction also applies if you are receiving benefits related to a deceased person and you meet all of the following conditions:
-
The deceased person was your spouse or common-law partner immediately before they died
-
The deceased person had been a resident of Canada receiving benefits (to which paragraph 5 of Article XVIII of the Canada-United States tax treaty applied) continuously during a period starting before January 1, 1996, and ending immediately before they died
-
You have been a resident of Canada receiving benefits continuously during a period starting when the person died and ending in 2023
Vow of perpetual poverty
If you have taken a vow of perpetual poverty as a member of a religious order, you can claim the earned income and pension benefits you have given to the order. For more information, see archived Interpretation Bulletin IT-86R, Vow of Perpetual Poverty.
Employees of prescribed international organizations
If, in 2023, you were employed by a prescribed international organization, such as the United Nations, you can claim a deduction for the net employment income you report on your return from that organization. (Net employment income is your employment income minus the related employment expenses you are claiming.)
If you do not know if your employer is a prescribed international organization, contact your employer.
|
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required): Line 25600 - Additional deductions |
|
|
|