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Foreign sourced profit sharing income

rblok
Level 1

How do you enter Canada form T4PS line 35 (other income) into Lacerte?  Itis for a US based company.  Client believes that it's his employer's match.

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George4Tacks
Level 15

On the back of the T4PS it says to put in on line 10400 of the Canadian return. So, of course you look up what that line is.

Canada 10400.png

I would add it as Other Income > "Other employment income"

 


Here's wishing you many Happy Returns

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George4Tacks
Level 15

On the back of the T4PS it says to put in on line 10400 of the Canadian return. So, of course you look up what that line is.

Canada 10400.png

I would add it as Other Income > "Other employment income"

 


Here's wishing you many Happy Returns
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rblok
Level 1

Thank you for your response.  That confirms what I was thinking.