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Re: I received the Economic Impact Payments from the IRS. The amount isn't considered as taxable income on my IRS return, is it taxable foreign income on my CRA return?
stevedoudican
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I received the Economic Impact Payments from the IRS. The amount isn't considered as taxable income on my IRS return, is it taxable foreign income on my CRA return?
Federal benefit to US citizens under the American Rescue Plan
March 24, 2022
7:28 PM
Carolina_22
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After you file
No, Economic Impact Payments are
not tax-deductible
and
do not get included on your Canadian tax return.
For more information on what constitutes foreign income please refer to the following Canada Revenue Agency (CRA) article:
Line 25600 – Additional deductions: Exempt foreign income
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April 21, 2022
9:42 AM
