How do I enter salary, self-employment or other income?
Where to find it: INCOMES → Add Income
Open INCOMES and select Add Income. Choose the source that describes the payment, give it a recognizable name and select the person receiving it. Enter its dates, currency and gross annual amount before taxes and deductions.
Annualize recurring income even if it applies for only part of a year. For example, $2,000 per month for six months is entered as $24,000 per year with dates six months apart. For a one-time payment, use the total payment and the same start and end date.
For income starting in the future, use the ordinary amount field for today’s purchasing power, or the FUTURE currency field if you know the amount at the future start date. Complete one amount field, then review indexing. Click Save and Continue and complete any source-specific form that follows.
CPP/QPP retirement pensions and OAS have their own menu. Investment returns and account withdrawals are calculated from accounts and savings instructions; entering them again as income would duplicate them.