Do I report the money I received as part of a marriage separation agreement? The date of separation was 2016, the payment was in 2017. Is this considered income?
Do I report the money I received as part of a marriage separation agreement? The date of separation was 2016, the payment was in 2017. Is this considered income?
If the money you received is
considered for “equalization of matrimonial property” or if it was for support,
then would not be taxable or tax deductible. However, it would be best to
consult with CRA on this issue. Phone: 1-800-959-8281 (Canada and United
States)
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