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March 5, 2024
Question

What is line 15000? I am trying to create my CRA account

  • March 5, 2024
  • 1 reply
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what is line 15000?

    1 reply

    March 5, 2024

    Your line 15000 is your Total income earned as of 2023 fiscal year. 

     

    To calculate Total Income for Tax Purposes, add:

    • income from employment and commissions
    • other employment income, including income from wage loss replacement plans
    • Old Age Security pension from T4A(OAS) slips
    • Canada Pension Plan or Quebec Pension Plan benefits from T4A(P) slips
    • other pensions or superannuation
    • eligible pension income transferred from spouse (see pension splitting)
    • Universal Child Care Benefit (UCCB) payments of $100 per month for each dependent child under 6 (claimed on the tax return of the lower income spouse)
    • employment insurance and other benefits from T4E slips
    • grossed-up Canadian dividends (see dividend tax credit)
    • interest and other investment income
    • net income from partnerships (limited or non-active partners only)
    • net rental income
    • current year taxable capital gains in excess of current year allowable capital losses, including gains from the sale of personal use property or listed personal property with a cost exceeding $1,000
    • taxable support payments received - see CRA Pamphlet P102 Support Payments and Income Tax Folio S1-F3-C3, Support Payments for information on when support payments are taxable (and deductible to the payer)
    • RRSP income from T4RSP slips
    • other income, including taxable scholarships, apprenticeship incentive grants, lump sum payments from pensions and deferred profit sharing plans, severance pay and retiring allowances, etc.
    • net income from self-employment (business, professional, commission, farming, and fishing)
    • Line 14700 other payments (included here, but deducted later, at Line 25000:
      • workers' compensation benefits from T5007 slip
      • social assistance payments
      • net federal supplements from T4A(OAS) slip
         

    The total of the above is total income for tax purposes, line 15000 on the tax return.

     

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