Skip to main content
Level 1
June 3, 2020
Solved

My teenager (dependent) received a T5018 for less than $600; do I put this into the dependent's T4 box on our form or leave it blank since he doesn't need to file?

  • June 3, 2020
  • 1 reply
  • 5 views

There is only the box for T4, no other options.  The form is asking if our dependent had any income from last year, and he just has that one T5018 form.

    This topic has been closed for replies.
    Best answer by jparsons

    I would suggest going to the Dependant information page and entering this amount on the line for "net income" of that dependant. You're right in that a tax return does not have to be filed if there is no tax payable.

    1 reply

    jparsonsAnswer
    Level 4
    June 3, 2020

    I would suggest going to the Dependant information page and entering this amount on the line for "net income" of that dependant. You're right in that a tax return does not have to be filed if there is no tax payable.

    Level 5
    June 3, 2020
    I tell all my clients to have their kids file returns even if not taxable (and I do for free) as even though only $600 that then creates $108 in RRSP contribution amounts for future use.