Practice with case studies
Workers
Reporting EI benefits and Advanced Canada workers benefit payments
Pre-test question
That is correct.
Individuals who received the ACWB payments will receive a slip, RC210, Advanced Canada workers benefit (ACWB) statement. They must report these amounts on their tax return and keep a copy of the slip for their records.
Sorry, that is incorrect.
Individuals who received the ACWB payments will receive a slip, RC210, Advanced Canada workers benefit (ACWB) statement. They must report these amounts on their tax return and keep a copy of the slip for their records.
Instructions
- Open the tax software
- Review the Background information and Required slips (tax slips, receipts, etc.)
- Provide all required information for the appropriate sections of the tax software
- Once completed, compare your results with the solution provided
- Afterwards, refer to the Takeaway points
Background information
Situation
Sandra worked at ABC Ltd. She lost her job during the year and applied for and started receiving employment insurance benefits. She also received ACWB payments.
Identification information
| Name | Sandra Couture |
|---|---|
| Social insurance number (SIN) | 000 000 000 |
| Address | 123 Main Street City, Province X0X 0X0 |
| Date of birth | May 5, 1995 |
| Marital status | Single |
Required slips
T4 – Statement of Remuneration Paid (ABC Ltd.)
Text version of the above image
T4 – Statement of Remuneration Paid
Protected B
Employer’s name: ABC Ltd.
Employee’s name and address:
Last name: Couture
First name: Sandra
123 Main Street
City, Province X0X 0X0
Box 12: Social insurance number: 000 000 000
Box 14: Employment income: 18,000.00
Box 16: Employee’s CPP contributions – see over: 761.25
Box 18: Employee’s EI premiums: 284.40
Box 20: RPP contributions: 1,000.00
Box 52: Pension adjustment: 1,800.00
Box 22: Income tax deducted: 700.00
Box 24: EI insurable earnings: 18,000.00
Box 26: CPP/QPP pensionable earnings: 18,000.00
Box 44: Union dues: 200.00
T4E – Statement of Employment Insurance and Other Benefits
Text version of the above image
T4E – Statement of Employment Insurance and Other Benefits
Protected B
Recipient’s name and address:
COUTURE, SANDRA
123 Main Street
City, Province X0X 0X0
Box 14: Total benefits paid: 6,000.00
Box 15: Regular and other benefits paid: 6,000.00
Box 22: Income tax deducted: 900.00
Box 12: Social insurance number: 000 000 000
RC210 – Advanced Canada workers benefit (ACWB) statement
Text version of the above image
RC210 – Advanced Canada workers benefit (ACWB) statement
Issued by: Canada Revenue Agency
COUTURE, SANDRA
123 Main Street
City, Province X0X 0X0
Social insurance number: 000 000 000
Box 10: Total Basic Advanced Canada workers benefit: 210.20
Review your results
Solution to Reporting EI benefits and advanced Canada workers benefit payments.
Takeaway points
Steps to follow
- Review their background information and required slips
- Click T4 and employment income in the left-side menu
- Click the + signs next to T4 income (earned in any province except Quebec) and T4E – Employment insurance and other benefits in the T4 and T4E section and enter the amounts from the T4 and T4E slips into the corresponding fields
- Click Other information slips in the left-side menu and click the + sign next to RC210 – Canada workers benefit advance payments statement [Federal line 41500] from the Information from other T-slips section
- Enter the amount from box 10 of the RC210 slip into the corresponding field and select the appropriate response from the Is this an amended slip? drop-down menu
The CWB credit is found on Line 45300 – Canada workers benefit (CWB) (schedule 6). The ACWB payments are found on Line 41500 – Advanced Canada workers benefit (ACWB) payments (complete Schedule 6).
For more information refer to UFile instructions.
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