Amounts that are not taxed
You do not have to include certain amounts in your income, including the following:
- Quebec family allowances and the Allowances for Handicapped Children paid by the province of Quebec;
- compensation received from a province or territory if you were a victim of a criminal act or a motor vehicle accident;
- most gifts and inheritances;
- amounts paid by Canada or an ally (if the amount is not taxable in that country) for disability or death due to war service;
- most amounts received from a life insurance policy following someone's death; and
- most payments of the type commonly referred to as "strike pay" received by a member from his or her union who is on strike or locked out, even if the member performs picketing duties as a requirement of membership.
Note
Income earned on any of the above amounts (such as interest you earn when you invest lottery winnings) is taxable.
Forms and publications
- General Income Tax and Benefit Guide
- IT213R, Prizes from lottery schemes, pool system betting and giveaway contests
- IT334R2, Miscellaneous receipts
- IT365R2, Damages, settlements, and similar receipts
- IT397R, Amounts Excluded from Income - Statutory Exemptions and Certain Service or RCMP Pensions, Allowances and Compensation
- IT397RSR, Amounts Excluded from Income - Statutory Exemptions and Certain Service or RCMP Pensions, Allowances and Compensation Special Release
|