Tax Tip: Don’t Forget To Claim The Canada Employment Amount

Posted in Personal and Corporate Income Tax • Tags: • Author: HART (1-800-HART)

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Line 363: Canada Employment Amount

Under proposed legislation, employees are eligible to claim an employment amount.

Claim the lesser of:
¦ $250; and
¦ the total of the employment income you reported on line 101 and line 104 of your return.

SOURCE: CRA: T1 Guide

Posted on March 23, 2007 by HART (1-800-HART) • What do you think?



10 people thinks stuff!

  1. What does this mean? Employees of Canada or employees in Canada? Is this just an automatic claim if you’re a working Canadian?

    Comment by Jason Feltham on March 30, 2007 10:56 pm

  2. Jason .. everybody with T4 Income filing a Canadian Income Tax Return gets this non refundable tax credit. It’s in the same area as the CPP and EI deduction and BASIC personal amounts etc. Recognized and approved Tax Software will calculate it automatically, but if you are preparing the tax return yourself on those forms from the Post Office .. it’s something new from last year.

    Comment by HART (1-800-HART) on March 31, 2007 12:51 am

  3. Thanks! The guide and online definitions were non-detailed.

    J

    Comment by Jason Feltham on March 31, 2007 8:19 am

  4. Glad to help! It’s basically as simple as it reads above for the line 363 .. which is on Schedule 1 (www.cra-arc.gc.ca/E/pbg/tf/5000-s1/5000-s1-06e.pdf) .. if you earned more than $250 just put $250 there and get that claim!

    Also - if you have any monthly bus passes - it’s in the same area on this form.

    Comment by HART (1-800-HART) on March 31, 2007 8:26 am

  5. Thank you!!
    I’m doing my 2007 taxes now with my “T1 Special”, and it’s next to impossible to find out what they mean by “employees”.. the definition is nowhere to be found.. employees of what?? Glad to find another person asking the same question, and an easy-to-understand response..
    Also, to confirm.. For 2007, the amount is $1000..?

    Cheers!

    Comment by Teri on March 10, 2008 11:36 am

  6. Yes. That is correct.

    Comment by HART (1-800-HART) on March 10, 2008 11:58 am

  7. ps. employees would translate to mean if you had any T4 income or Other Employment Income (tips, etc) - did you get a slip?

    Comment by HART (1-800-HART) on March 10, 2008 11:59 am

  8. I ONLY had T4 income(!), and yes, have the T4 slip.. :o)

    Comment by Teri on March 10, 2008 1:33 pm

  9. My wife got someone else to do her filing and they omitted this.I just told her about it.Man what are people so impatient.i translated it to mean if you worked and I worked.

    Comment by Larry on March 15, 2008 12:10 pm

  10. Yup 1000 this year from 250.

    Comment by Larry on March 15, 2008 12:11 pm

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