Income can come from many different sources. Make sure you tell us about all income you received during the year, even if you did not receive a tax slip.
Common Types of income
Employment & Work Income
T4 – Employment Income
Received from your employer. Shows employment income, income tax deducted, CPP, EI and other employment amounts.
T4E – Employment Insurance Benefits
Received if you collected EI, including regular EI, sickness, maternity or parental benefits.
T4A – Other Income
May report different types of income such as commissions, fees for services, scholarships, pensions and other payments.
T4A – Box 20 or Box 48
May relate to self-employment, commission or fees for services. If it is self-employment income, eligible expenses may be deductible.
Government & Benefit Income
T5007 – Social Assistance and Workers' Compensation
Reports eligible social assistance payments and workers' compensation benefits received during the year.
T4E – Employment Insurance Benefits
Reports EI benefits and other amounts issued by Service Canada, including applicable regular, sickness, maternity, and parental benefits.
T4A(OAS) – Old Age Security Benefits
Reports Old Age Security payments and certain related federal benefits, including applicable supplements.
T4A(P) – Canada Pension Plan Benefits
Reports CPP benefits, including retirement, disability, and survivor benefits.
Government Benefit Statements
Keep relevant statements for benefits, assistance payments, or other government programs you received. Tax reporting requirements vary depending on the type of benefit.
RETIREMENT & PENSION
T4A(P) – Canada Pension Plan (CPP)
CPP retirement, disability, survivor and other CPP benefits.
T4A(OAS) – Old Age Security (OAS)
Old Age Security and certain related amounts.
T4RSP – RRSP Income
Amounts received or withdrawn from an RRSP.
T4RIF – RRIF Income
Amounts received or withdrawn from a Registered Retirement Income Fund.
FHSA Income / Withdrawals
Reports certain FHSA withdrawals and other reportable amounts.
T4FHSA – First Home Savings Account
Reports certain FHSA withdrawals and other reportable amounts.
T4A-RCA – Retirement Compensation Arrangement
Certain payments received from a Retirement Compensation Arrangement.
INVESTMENTS & SAVINGS
T5 – Investment Income
Reports certain investment earnings, including interest and dividends from eligible investments.
T3 – Trust Income
Reports income and other amounts allocated or distributed by trusts, including certain investment income and capital gains.
T5008 – Securities Transactions
Provides information about securities transactions, such as the sale or disposition of stocks and other investments. Additional records may be needed to calculate capital gains or losses.
T5013 – Partnership Income
Reports your share of income, losses, and other amounts from a partnership.
RRSP Contribution Receipts
Document contributions made to a Registered Retirement Savings Plan (RRSP), which may qualify for a deduction subject to applicable rules and limits.
T4FHSA – First Home Savings Account
Reports certain taxable withdrawals and other reportable amounts from a First Home Savings Account.
Investment and Savings Statements
Keep relevant statements for investment earnings, account contributions, withdrawals, and transactions to help ensure your tax return is complete.
Self-Employment & Business Income
Business / Self-Employment Income
Income from operating your own business, contracting, freelancing, providing services or doing side jobs.4A – Box 20 or Box 48. May relate to self-employment, commission or fees for services. Eligible expenses may be deductible depending on the situation.
Cash Income
Business or service income received in cash may still need to be reported.
Online Business / Sales
Income earned from selling goods or providing services online may need to be reported.
Rental Property Income
Income received from renting a house, condo, basement suite, room, or other property.
No Tax Slip?
Income may still need to be reported even if you did not receive a tax slip. Tell us about all income you received during the year. If you're unsure, provide the information to us and we can determine how it should be reported.