Entering any foreign amounts into TurboTax varies depending on the version of software you're using. Before you begin, there are a couple of general things to keep in mind:
- You must enter income, pension, and any other amounts into TurboTax, even if your amounts aren’t reported on T-slips.
- If the amounts on your foreign income slip are reported in a foreign currency,convert them to Canadian dollarsbefore entering them. If the amount was paid at various times throughout the year, use an average annual exchange rate.
- Forforeign nonbusiness income that isn't on a T-slip (including US Social Insurance),do not convertthe amountsto Canadian dollars before entering them. TurboTax converts the amounts automatically based on the exchange rate you enter.
To start entering your slip amounts, select your version of TurboTax below, then follow the steps provided.
Instructions for TurboTax Online users
- SelectFind(or the magnifying glass icon) from the TurboTax menu.
- In theFindwindow, typeforeign.
- SelectForeign incomefrom the options that appear, then selectGo.
- At Foreign Income Summary, select Enter New Foreign Income.
- At Foreign slip, complete the foreign income slip and select Done With Foreign Income.
- Repeat steps 4 and 5 for each new slip and amount you need to enter.
- SelectContinue.
Instructions for TurboTax CD/download users
- SelectFind(or the magnifying glass icon) from the TurboTax menu.
- In theFindwindow, typet-slipsand selectGo.
- SelectT-slipsfrom the options that appear, then selectGo.
- At Entering your federal T-slips, select Foreign Slip.
- SelectContinue until you arrive at Foreign Slip.
- Complete the foreign slip and if it's the only one or the last one, go to Step #8.
- Select Enter Foreign Income, go to Step #6.
- SelectDone With Foreign Income.
- At Foreign Income - Summary, enter any portion of foreign income exempt under a tax treaty.
- SelectDone With Foreign Income.