To claim the clergy residence deduction in Wealthsimple Tax, follow these steps:
- Add the Clergy Residence Deduction section to your Wealthsimple Tax profile
- Ensure you have a signed T1223 form from your employer
- Enter your deduction:
- For free accommodation:
- The amount from Box 30 of your T4 is automatically included
- For owned or rented residence:
- Complete only for months without free accommodation
- For free accommodation:
- Double-check the amount entered matches your T1223
Important notes:
- You don't need to include the clergy residence address
- Only the amount from line 23100 is transmitted to the CRA via NETFILE
- The detailed breakdown on T1223 is not sent to the CRA
Record keeping:
- Keep copies of both T1223 forms:
- The one from your employer
- The one generated in your Wealthsimple Tax PDF
- The CRA may request these documents for verification
Eligibility reminder:
- Ensure you meet the CRA's criteria for claiming this deduction
- Verify that your role qualifies under the clergy residence rules
Remember:
- Accuracy in reporting is crucial for this specialized deduction
- Update your information if your living situation changes during the tax year
If you need assistance entering the clergy residence deduction in Wealthsimple Tax, please contact Wealthsimple support. For questions about your eligibility or specific situations related to this deduction, consider consulting with a tax expert or your religious organization's finance department.
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