Does receiving a damage payment of $350.00 from Bc...

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New Member

Does receiving a damage payment of $350.00 from Bc nurses Union count as income? Where do I claim it on the standard tax form?

 
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New Member

Does receiving a damage payment of $350.00 from Bc nurses Union count as income? Where do I claim it on the standard tax form?

If you are paid a taxable amount the payer should issue the reporting information on a T4A (or other reporting slip). If you received reimbursement for personal damages this payment would not be taxable. Can you provide specific detail on the nature of this payment. (Keeping in mind this is a public discussion board)

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New Member

Does receiving a damage payment of $350.00 from Bc nurses Union count as income? Where do I claim it on the standard tax form?

The union was awarded money and every union member received $350.00 from that settlement. I havn’t received a T4A slip. I only have a cheque stub. Should I wait to see if I get a T4A slip?
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New Member

Does receiving a damage payment of $350.00 from Bc nurses Union count as income? Where do I claim it on the standard tax form?

You may still receive the reporting slip in the mail. Issuers have until the end of February to send out required reporting slips.
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