Entering this Amount
Entering foreign income
Enter this information in the T-Slips and Receipts entry window.
Enter this information in the INCOME & EXPENSES section of the interview, under T-Slips.
Using the T-slips entry
screen.
On the T-Slips entry window, under Federal, select Foreign and enter your information.
As a Canadian resident, you have to report your income from all sources, including income earned outside of Canada.
- all types of income earned in a foreign country
- foreign pensions, such as the U.S. Social Security Benefit
- foreign interest or dividends, and capital gains or losses
- taxes paid to the foreign country on the income
- non-tax deductions you voluntarily had taken off your pay.
For example, if you contributed to a U.S. 401(k) plan, you must add these amounts back to the income you are reporting. That's because these amounts are not deductible on your Canadian return.
These amounts will likely be reported on a foreign information slip (such as a U.S. W-2) or a receipt.