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“Total Income”

“Calculation of T1General’s “Total Income” section (line 101 – 150)”
Best way to complete this section is to check the items listed & gather all source documents and related information. Common source documents are the T4 slips for employees & T4A slips (OAS/P) for pensioners. Other employment income not in...cluded in T4 slips are reported in Line 104. Investments, dividends, and disposal of capital assets (i.e. shares, mutual funds units, real estates, bonds, personal-use property, & other similar properties) are included here too.

Rental income & self-employment are also included & requires completion of applicable forms. If you received other pensions, disability, employment insurance and other benefits, alimony, income from RRSP & other taxable income, these income are included in this section. Although workers’ compensation benefits, social assistance payments & net federal supplements ) are non-taxable income, but they are included here too.


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Earla RiopelBSCom(USA), DipAcc(UBC)
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