What is line 12100 on the tax return?

You must record any Annual union, professional, or like dues you receive to the Canada Revenue Agency as investment income. There are, however, certain exceptions, and being aware of them and knowing how to take advantage of them can help you pay less in taxes.

What is line 12100 on the tax return? 

Line 21200 on the tax return file is also known as Annual union, professional, or like dues. Line 21200 was 212 before the 2019 tax year. 

You must include all revenue on your tax return, including interest, foreign interest, dividend income, foreign business income, and a few other types of income. Typically, they are displayed on the following slips:

  1. Slip T5, Statement of Investment Income
  2. Slip T3, Statement of Trust Income Allocations and Designations
  3. Form T5013, Statement of Partnership Income

Request reimbursement for the sum of the following payments you made during the employment-related year:

  1. membership fees in a union or organization of public workers that are paid annually
  2. professional board dues mandated by territorial or provincial law
  3. the costs of maintaining legally recognized professional standing, such as professional liability insurance premiums or professional membership dues.
  4. Under provincial or territorial legislation, parity or advisory committee (or similar organization) dues are necessary.

Key points 

The key points of this blog are, you must record any Annual union, professional, or like dues you receive to the Canada Revenue Agency as investment income. There are, however, certain exceptions, and being aware of them and knowing how to take advantage of them can help you pay less in taxes. Line 21200 was 212 before the 2019 tax year. There are exceptions, and being aware of them and knowing how to take advantage of them can help you pay less in taxes.

Written By:
Salman Rundhawa
Salman Rundhawa is the founder of Filing Taxes. Salman provides valuable tax planning, accounting, and income tax preparation services in Toronto, Mississauga, Oakville, and Hamilton.

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