David Bauslaugh Posted April 25, 2023 Report Share Posted April 25, 2023 I recently had to transfer all of my employee savings plan stocks to my personal account as I left my previous company. I thought the transfer was of the shares and wouldn't have triggered any taxes how ever when looking at my T4 I have a sizable amount of 'Non eligible retiring allowances'. Does anyone have experience with this line item and is there a way to declare that I just repurchased the same stock with those funds therefore shouldn't be taxed as income? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 25, 2023 Report Share Posted April 25, 2023 Hello David Bauslaugh T4 - Non eligible retiring allowances 67 Box 67 of your T4 slip shows the part of your retiring allowance that is not eligible. Report that amount on line 13000 of your income tax and benefit return https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/tax-slips/understand-your-tax-slips/t4-slips/t4-statement-remuneration-paid.html For the "In-Kind Transfer of Stock" you should consult with the CRA or a tax advisor as there are various scenarios for this. Quote Link to comment Share on other sites More sharing options...
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