Amounts that are not reported or taxed
You do not have to report certain non-taxable amounts as income, including:
- lottery winnings of any amount, unless the prize can be considered income from employment, a business or property, or a prize for achievement
- most gifts and inheritances
- amounts paid by Canada or an allied country (if the amount is not taxable in that country) for disability or death of a war veteran due to war service
- the GST/HST credit (and related provincial and territorial credits and benefits), Canada child benefit (CCB) (and related provincial and territorial benefits) and Canada carbon rebate (CCR)
- family allowance payments and the supplement 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 motor vehicle accident
- most amounts received from a life insurance policy following someone's death
- most types of strike pay that you received from your union, even if you performed picketing duties as a requirement of membership
Note
Income earned on any of the above amounts is taxable. For example, any interest that you earn when you invest lottery winnings must be reported on your return.
- amounts that are exempt from tax under the Indian Act (section 87 tax exemption)
Notes
Complete Form T90, Income Exempt from Tax under the Indian Act, to help the CRA calculate your CWB, Canada training credit limit and your provincial or territorial benefits.
The CRA uses the term “Indian” because it has legal meaning in the Indian Act.
- most amounts received from a tax-free savings account (TFSA)
Forms and publications
- Income Tax Package
- Form T90, Income Exempt from Tax under the Indian Act
- Guide RC4466, Tax-Free Savings Account (TFSA), Guide for Individuals
- Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income (and Losses) from Crime
- Interpretation Bulletin IT-365R2, Damages, Settlements, and Similar Receipts Archived
- Interpretation Bulletin IT-397R, Amounts Excluded from Income – Statutory Exemptions and Certain Service or RCMP Pensions, Allowances and Compensation Archived
- Interpretation Bulletin IT-397RSR, Amounts Excluded from Income – Statutory Exemptions and Certain Service or RCMP Pensions, Allowances and Compensation Archived
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