T4A slip - Box 154
You received a T4A slip with an amount in box 154 because you
received a premium paid in cash or a price paid by a sales
company.
For residents of Quebec, you have received a RL 1 with the G-1
code, for the Taxable Benefit you received.
For more information please consult the following links:
For the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/gifts-awards-social-events/gifts-awards-outside-policy.html
For Revenu Québec:
https://www.revenuquebec.ca/en/businesses/source-deductions-contributions/calculation-of-source-deductions-and-employer-contributions-in-certain-situations/special-rules-concerning-type-of-remuneration/taxable-benefits/
To report this amount, please follow the steps below:
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",
select "T4A and pension income" and on the page appearing to
your right, choose "T4A - Pension, retirement, annuity and other
income".
3- On the new page generated, go to the 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 "(154) Cash award or prize from payer (Box O code
RZ)" and enter the amount that appears on your T4A slip.
4- For Quebec residents: If the amount in Box O of the
RL-1 differs from the one shown on the T4A slip, click on the
"Maple Leaf" icon next to the corresponding federal box 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.
The amount will be transferred by the program to line 13000
of the federal return and, for Quebec residents, line 154 of
the Quebec return, and Code 15 will be entered on Quebec line
153.
ID: 20191202083907DEX.xml
Webpage: KPA390-20191202083907DE.htm
