Line 15000 (formerly Line 150) shows your total taxable income for the tax year before deductions
Line 15000 on your Notice of Assessment represents the sum of all your income sources for the tax year. This includes:
- Employment income (T4 slips)
- Self-employment earnings
- Investment income
- Pension payments
- Rental income
- Government benefits
- Other taxable income sources
This line is a crucial reference point used by the Canada Revenue Agency (CRA) and various organizations to verify your annual income. It represents your gross income before tax deductions and credits are applied.