RL-1 slip - Box O, code RC
You received an RL-1 slip with an amount entered in
Box O and Code RC, because you were awarded a research grant.
A research grant is generally money you are given to
pay for your expenses needed to carry out a research project.
Your allowable expenses cannot exceed the amount of
your research grant.
For more information on research grants, please visit
the following links:
For the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-104-other-employment-income/line-104-net-research-grants.html
Revenu Québec:
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/96-to-164-total-income/line-154/point-3/
Please read paragraph J of this link for
more details.
We recommend that you keep a detailed statement of
your expenses and all supporting documents to be able to provide
upon request.
To declare this research grant, please follow these
steps:
1- On the "Left side menu on the Interview
tab", select "Interview setup" and on the screen that
appears on the right, go to the "Pension" group, check the
box "Pension income, other income and split pension income (T4A,
T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)", and click
"Next" at the bottom of the page.
2- Return to the "Left side menu on the Interview
tab" and select "T4A and pension income" and on the page
appearing to your right, choose "T4A - Pension, retirement,
annuity and other income".
3- On the page that is generated, 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 "(104) Research Grants"
and in the field on your right, enter the net
amount of your research grant.
4- For Quebec residents: If the net amount of your
research grant differs from the federal amount, click on the
"Maple Leaf" icon next to the field and a new box will be
displayed where you can enter the amount for Quebec. This box will
only appear if you have entered the federal amount first.
5- If you have not received a T4A slip, enter $0,00
for the federal amount and click on the "Maple Leaf" icon to
enter the net amount of your research grant for Quebec.
The amount will be transferred by the program to line
10400 of the federal return and line 154 of the Quebec
return, and Code 03 will be entered on Quebec line 153.
ID: 20191209145838DE.xml
Webpage: KPA365-20191209145838DE.htm
