The software states my family income is $25,000; what’s included in this amount?

H&R Block’s 2016 tax software combines the total income you, your spouse or common-law partner (if applicable), and your dependant(s) (if applicable) earned and/or received during the year to determine your family income. Your total income includes:

  • Employment income (box 14 of all T4 slips)
  • Other employment income (such as tips, gratuities, and occasional earnings)
  • Old age security pension (box 18 of the T4A(OAS) slip)
  • CPP or QPP benefits (box 20 of the T4A(P) slip)
  • Other pensions and superannuation
  • Elected split-pension amount
  • Universal child care benefit (UCCB)
  • Employment insurance and other benefits (box 14 of the T4E slip)
  • Taxable amount of dividends (eligible and other than eligible) from taxable corporations
  • Interest and other investment income
  • Net partnership income: limited or non-active partners only
  • Registered disability savings plan income
  • Net rental income
  • Taxable capital gains
  • Taxable portion of support payments you received
  • RRSP income (from all T4RSP slips)
  • Other income
  • Net self-employment income (business or professional activities, commission income, farming, and fishing)
  • Worker’s compensation benefits (box 10 of the T5007 slip)
  • Social assistance payments and
  • Net federal supplements (box 21 of the T4A(OAS) slip)

Note:  You can find your total income on line 150 in your PDF tax return summary which can be downloaded on the SUMMARY page under the WRAP-UP tab.

 

Where can I learn more?