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If there is a cheque issued on Dec 28 2020, but it does not reach me until January 2021, and it has not been deposited yet, do you file it as income for 2020, or 2021?

 
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If there is a cheque issued on Dec 28 2020, but it does not reach me until January 2021, and it has not been deposited yet, do you file it as income for 2020, or 2021?

It depends on what the cheque is for. If it’s a pay cheque from your employer, then the amount would already be included in your T4 or T4A slip.

 

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