Jump to content

Taxable benefit and Canada employment amount (line 363)

Recommended Posts

I'm retired in Quebec but have a taxable benefit from my employer to report. I was sent a T4 with the amount entered in Box 14 and Box 40, with Boxes 24 and 26 showing 0. I entered this information on the T4 page and also entered the amount in the "Other Information" box, chosing RL-1[211]-Benefit relating to previous employment.


So far, so good. But my calculated results show a tax credit for the same amount on line 363 ( "Canada Employment Amount").  This line is for employment-related expenses (have none, because I'm retired) so I don't think I deserve it. How do I get rid of it?

Share this post

Link to post
Share on other sites

If you read the federal Guide with regard to line 363 you will see that there are no restrictions on the nature of the income you report on lines 101 and 104.

As you reported income on line 101, you are entitled to the Canada employment amount on line 367.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


© 2013 ImpôtExpert, Thomson Reuters. Tous droits réservés. Politique de confidentialité
  • Create New...