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I did some loan in my born country that were transfered to can into my personal canadian bank account. Should I declare this as income. If so, how?
January 8, 2022
4:58 PM
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Seniors and students
We appreciate you choosing TurboTax,
There is no tax to be paid on Loan, which is not a form of income.
If taxable benefits arise, the situation could differ (please see link no. 2).
Please visit the link provided for further clarifications:
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January 10, 2022
1:02 PM