Security options deduction
To claim the security options deductions, please follow the
steps below:
1. On the "Left-side menu of the Interview tab", select
"T4 and employment income".
2. On the screen to your right, choose between "T4 income
earned outside Quebec" and "T4 and RL-1 (Relevé 1) income
earned in Québec" depending on your province of residence.
3. Please note that the benefit on "Stock Option Benefit"
in box 38 of the T4 is included in box 14. You will find box 38 in
the middle of the page.
4. The boxes for "Security option deduction" that are
entered in box 39 or 41 can be found in the drop-down list located
at the bottom of the line "Other Information" (click on the
triangle to see the list of choices)". Make your choice
based on the box on your T4. In the field preceded by the sign
"$", enter the amount on your T4.
At the far right of the screen, there is an icon of
the plus sign "+". By clicking
on this icon, another line is generated to enter additional
information, if necessary.
For more information, please visit the following link:
For the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/financial/security-options.html
We recommend that you carefully read each topic of
this link.
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/276-to-297-taxable-income/line-297/point-2/
ID: 20210804155722NA.xml
Webpage: KPA390-20210804155722NA.htm
