Earned Income for an employee (salaried and no
ownership) or an employee with any commission earnings means the sum
of :
- salary, wages, fees or other remuneration from employment
- commissions, less any employment expenses that are deductible
from income under the Income Tax Act (Canada)
Earned Income does not include income from
pension plans, retirement plans, profit-sharing plans, stock savings
plans, deferred compensation plans, insurance policies and
annuities, interest, rents, royalties and investment income or any
other form(s) of income which does not depend on you engaging in an
occupation.
To calculate your earned income, please proceed
with step 2:
Step 2 - Earned Income Calculation