RL-1 slip - Box O, Code RK
You have received an RL-1 slip with an amount entered
in Box O and Code RK, because the estate has received death
benefits.
NOTE: If you are the sole recipient of death
benefits for a deceased person, you are entitled to an exemption of
up to $10,000. Please deduct the portion of the exemption of
your T4A slip in Box 106. If you are not the sole
beneficiary of these benefits, please contact the Canada Revenu
Agency (CRA) or Revenu Québec (if applicable) for more
information.
For more information, please consult 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-130-other-income/line-130-death-benefits-other-than-canada-quebec-pension-plan-death-benefits.html
For Revenu Quebec:
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/
To report these benefits, please follow the steps
below:
1. On the "Left-side menu on the Interview tab"
select the "Interview setup".
2. On the right-hand side of the screen, go to the
"Pension" group, check the box for "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.
3. Return to the "Left-side menu on the Interview
tab" and select "T4A and pension income".
4. On the page generated on the right, click on the
plus "+" icon to the right of the line "T4A -
Pension, retirement, annuity and other income".
5. On the new page generated, go to the line "Other
Information (click on the triangle to see the list of
choices)", and from the drop-down menu on your right, choose
"(106) Death benefit" and enter the amount that appears on
your T4A slip, less any exemption.
6. For Quebec residents: If the amount in Box O
of the RL-1 differs from the amount shown on the T4A slip, click on
the "Maple Leaf" icon of the corresponding box and a new box
will be displayed where you can enter the amount for Quebec. This
box will only be displayed if you have entered the federal amount
first.
7. 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 amount from Box O of the RL-1 slip.
The amount will be transferred by the program to
line 13000 of the federal return and to line 154 of the
Quebec return, and Code 03 will be displayed on Quebec line
153.
Please keep the documents that you have received, as the CRA
and/or Revenu Québec may request additional information.
ID: 20191211133753DE.xml
Webpage: KPA365-20191211133753DE.htm
