How AIPs are taxed

An AIP is subject to two different taxes: the regular income tax and an additional tax of 20% (12% for residents of Quebec).

See Example – How AIPs are taxed.

Completing your Income Tax and Benefit Return

Note

You have to pay the additional tax by the balance due date for your regular tax, usually April 30 of the year that follows the year in which you received the AIP.

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