Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: T4A reporting of taxable income paid to a status Indian
Position: General comments provided
Reasons: RC4157 Guide
2005-014963
XXXXXXXXXX Kimberly Duval
(613) 599-6054
November 3, 2005
Dear XXXXXXXXXX:
Re: T4A Reporting of Amounts Paid to Status Indians
This is in response to your letter of September 6, 2005 requesting clarification with respect to the T4A reporting of taxable income paid to status Indians.
As discussed in our recent telephone conversations of October 24, 2005 and November 2, 2005, the Canada Revenue Agency's position with respect to the reporting of amounts on a T4A slip are provided in our publication: "RC4157 "Deducting Income Tax on Pension and Other Income, and Filing the T4A Slip and Summary Form".
The above-mentioned guide reflects the appropriate procedures to follow in the completion and filing of your annual T4A slips. In summary, where tax-exempt payments are made to status Indian individuals, the payer is directed to leave the otherwise applicable Box on the T4A slip blank such that only taxable amounts are reflected in each box on the slip. The amount that is considered tax-exempt would be referenced in the Footnote area with the following notation: "Box ##, status Indian exempt income $xx". In conjunction with this, "Code 14" which provides: "Status Indians with exempt income - use this code to describe any exempt amounts not included in boxes 16, 18, 26, 27 and 28", would be entered in Box 38 of the particular T4A slip.
We trust that these comments will be of assistance.
Yours truly,
John Oulton, CA
for Director
Financial Sector and Exempt Entities Division
Income Tax Rulings Directorate
Policy and Planning Branch
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