Line 10400 - Employee profit-sharing plan
Note: Line 10400 was line 104 before tax year 2019.
An employee profit-sharing plan (EPSP) is an arrangement that allows an employer to share business profits with all or a designated group of employees. Under an EPSP, amounts are paid to a trustee to hold and invest for the benefit of the members of the plan.
If you are a beneficiary under such a plan, you will receive a T4PS slip.
You may be eligible for a foreign tax credit on foreign income earned by the plan. See line 40500.
You are allowed a dividend tax credit on line 40425 for dividends that are allocated to you from taxable Canadian corporations.
Completing your tax return
Report on line 10400 the amount shown in box 35 of your T4PS slips.
Forms and publications
- Income Tax Package - Guide, return and schedules
- Form T3009, Election from Deemed Disposition and Reacquisition of any Capital Property of an Employees Profit Sharing Plan under Subsection 144(4.2)
- Interpretation Bulletin IT-280R, Employees Profit Sharing Plans - Payments Computed by Reference to Profits
- Interpretation Bulletin IT-379R, Employees Profit Sharing Plans - Allocations to Beneficiaries
Report a problem or mistake on this page
- Date modified: