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.


If you are a specified employee and your employer made contributions to your EPSP, you may have to pay tax on the amount that is considered an excess amount. See line 41800. If this tax applies to you, you may be eligible to claim a deduction for the excess contribution on line 22900.

Completing your tax return

Report on line 10400 the amount shown in box 35 of your T4PS slips.

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