Your net income is your total income for the year (from all sources, such as employment, RESPs, retirement income, benefits, etc.) minus your allowable deductions (such as RRSP contributions, childcare expenses, moving expenses, etc.).
Net income determines the federal and provincial or territorial non-refundable credits you might be eligible for, including any social benefits you might receive like the GST/HST credit or the Canada child benefit.
How do I locate my 2017 net income if I haven’t yet finished my return?
Follow these steps to locate your 2017 net income amount:
Note: Before you access this information, make sure you’ve entered all of your slips, receipts, and completed all of the relevant sections of your return (example, any self-employment page(s), claimed allowable deductions, etc.).
- On the WRAP-UP tab, click the SUMMARY icon.
- Under the Review your PDF tax summaries heading, click View next to the PDF summary that you’d like to take a look at:
- A PDF tax summary will download to your computer.
- Open the file.
- Federal net income is reported on line 236
- Québec net income is reported on line 275
Note: If you need this information to complete the Newcomers page in H&R Block’s tax software, you’ll also need to determine how much of the income reported on line 236 was earned while your spouse was living in and outside of Canada (if applicable).
Where can I learn more?
- Line 236 – Net income (CRA website)
- TP-1.D-V: Income tax return (Revenu Québec website)