Box O – Benefits Received by a Shareholder (Code: RO)

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Include the value of a taxable benefit granted to a shareholder (or a person related to the shareholder) in box O. Such benefits include:

  • a benefit related to the personal use of an automobile that you make available to the shareholder (or to a person related to the shareholder); and
  • a benefit related to a low-interest loan you granted to the shareholder.

If you grant a low-interest loan to a person related to the shareholder, the value of the benefit related to that loan must be entered in box O of the related person's RL-1 slip.

If a taxable benefit is paid to a shareholder who is also an employee and he or she claims this benefit as an employee (rather than as a shareholder), consult RL-1 Slip – Box L.

For information about the most commonly granted benefits and the value of the taxable benefit that must be included in the income of a shareholder or a person related to the shareholder, consult Taxable Benefits.

Source of income

You must indicate the source of this income by entering code RO in the box marked “Code (case O)” of the RL-1 slip.

For more information on the codes to enter in the box marked “Code (case O),” consult RL-1 Slip – Box Marked “Code (case O)”.

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