Amounts That Are Not Taxed- In Canada

In Canada, depending on the source of the amount you receive, you may not need to report as taxable income. Some of the non-taxable sources of amounts are:

● Lottery winnings

● Gifts

● Inheritances

● Amounts paid by Canada or an allied country for disability or death of a war veteran due to war service, if the amount is not taxable in that country.

● GST/HST credit

● Canada Child Benefit (CCB) payments.

● The compensation received from a province or territory if you were a victim of a criminal act or a motor vehicle accident

● Amounts received from a life insurance policy following someone's death.

● Strike pay you received from your union, even if you perform picketing duties as a requirement of membership

● Amounts received from a Tax-Free Saving Accounts (TFSA)

● Child support payment (court orders and written agreements made after April 1997)