T4A slip - Box 107
You received an amount from a wage-loss replacement
plan which was declared on a T4A slip in Box
107 and for resident of Quebec on an RL-1 in Box
O with code RN.
You can subtract, from the benefits you received under a wage
loss replacement plan, the premiums you paid after 1967 to
that plan. The premiums must not have been subtracted from
benefits received in a previous year.
Please keep the document confirming that you have paid the
premiums.
For more information related to this topic, 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-income-maintenance-insurance-plans-wage-loss-replacement-plans.html
For 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-107/
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 "Pension income, others
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 "Pension income T4A".
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)", in the menu on your right, choose "(107) Payment
from wage-loss replacement plan" and enter the amount that
appears on your T4A slip, minus the premiums you paid.
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.
The amount of income tax deducted at the federal level appears
in Box 022 of the T4A slip and the amount of Quebec income tax
withheld at source is displayed in Box J of the RL-2 slip (if
applicable).
The amount will be transferred by the program to line
10400 of the federal return and line 107 of the Quebec
return, and Code 02 will be entered on Quebec line 106 (if
applicable).
ID: 20191125103439DE.xml
Webpage: KPA390-20191125103439DE.htm
