FOREIGN EMPLOYMENT INCOME - FOREIGN EMPLOYER
To enter the amount of foreign income, please follow the steps
below:
1- On the Interview tab", select "Interview setup".
2- On the right-hand side of the screen, go to the
"Investment income and expenses" group and check the box for
"Foreign income and foreign property (T1135)" and click
"Next" at the bottom of the page.
3- Return to the left side menu of the "Interview tab"
and select "Foreign income & property" and on the new
page generated to your right, choose "Foreign employment
income".
4- Indicate the source of the income as well as the
exchange rate to be applied.
5- On the line "Do you wish to use the overseas employment
tax credit schedule T626?", answer "No" because your
income is not on a T4 slip.
6- For the line "Foreign employment income not
entered on a T4 page", enter the income earned outside of
Canada.
7- Enter additional information if necessary.
8- On the line "Limit of foreign tax credit and deduction
(T2209)", choose the option relevant to your situation in the
drop down menu.
For more information, please consult the CRA's
Information Bulletin "IT- 497" by clicking on the following
link:
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it497r4.html
For residents of Quebec, please visit the following Revenu
Québec link:
https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/tp-772-v/
ID: 20191118162458MAX.xml
Webpage: KPA360-20191118162458MA.htm
