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What is the Income Tax status of a PLR payment? When do I receive a T4A slip?

April 26, 2017payment PLR slip Status t4a

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What is the Income Tax status of a PLR payment? When do I receive a T4A slip?

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All PLR payments must be reported as income whether you received a T4A tax slip or not. Generally, PLR earnings are included under line 130 “Other Income” of your Federal Income Tax return. The PLR payment should be attributed to “PLR/Canada Council” since the PLR Commission operates under the administrative aegis of the Canada Council.

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All PLR payments must be reported as income whether you received a T4A tax slip or not. Generally, PLR earnings are included under line 130 “Other Income” of your Federal Income Tax return.