Canada T4- Line 406? Line 36-39 (Is 39 negative?)?
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Line 36 being 1572.91 and line 39 1942.29, but on line 39, it says the box is negative? So is it 1572.91- (-1942.29)?
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Answer:
Form T4 has no "line 406".
Angel Meow at Yahoo! Answers Visit the source
Other answers
A T4 is the record of employment earnings you get from your employer. The tax return an individual fills out is a T1. On the form I have, for line 406, it says "Line 48 minus Line 49 (if negative, enter 0)" Line 39 if your federal tax on net income, which can't possibly be negative. Regardless, you should almost certainly enter 0, when a calculation results in a negative.
Fred S
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