RC268 - How ti fill

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prabjotk
Posts: 4
Joined: Tue Aug 06, 2019 11:16 pm

RC268 - How ti fill

Post by prabjotk » Tue Aug 06, 2019 11:23 pm

Hi, I am filling the RC268 form for the first time and very confused with below:
Amount of contributions that would qualify for tax relief in the U.S. if you were a resident of the U.S. and performed your services in the U.S.

where can I find this amount on my return or W2? It must be a basic question but I would really appreciate someone's help on this.

Also I haven't figured out any of the next sections in the form yet so please suggest what else I would need to fill from my US return. I only have income in US and not in Canada.

Thanks in advance!

prabjotk
Posts: 4
Joined: Tue Aug 06, 2019 11:16 pm

Re: RC268 - How ti fill

Post by prabjotk » Wed Aug 07, 2019 3:21 pm

Can someone please help me with this query.

nelsona
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Re: RC268 - How ti fill

Post by nelsona » Wed Aug 07, 2019 3:32 pm

This is the maximum you can contribute to your, say, 401(K) or 403(b) per year.
For example, In 2018, you could have contributed up to $18,500 to your 401(k), $24,500 if you were over 50 yrs old.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

nelsona
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Re: RC268 - How ti fill

Post by nelsona » Wed Aug 07, 2019 3:34 pm

So, you would indicate your contributions, which would be on your W-2. Your employer would typically not allow you to contribute more than the allowable amount.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

prabjotk
Posts: 4
Joined: Tue Aug 06, 2019 11:16 pm

Re: RC268 - How ti fill

Post by prabjotk » Wed Aug 07, 2019 3:42 pm

thank you so much!

prabjotk
Posts: 4
Joined: Tue Aug 06, 2019 11:16 pm

Re: RC268 - How ti fill

Post by prabjotk » Wed Aug 07, 2019 3:47 pm

So I am filling this form for 2017 as I missed it and CRA is asking me to send it now. I see that the limit for 2017 is 18000 so I will put this amount in 2nd line of first section (Amount of contributions that would qualify for tax relief in the U.S. if you were a resident of the U.S. and performed your services in the U.S.)

And in the first line I will put the actual amount from my W2

Correct.

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