Ontario residential tenancy act compensation for demolition and income tax for tenant

[Just_A_User]

Just wondering if anybody knows how the compensation received for eviction because the building is demolished based on the "Ontario residential tenancy act" is treated for income tax purposes. The compensation is the equivalent of 3 months' rent. 

Is the landlord suppose to give any tax slip? Where in the tax return need to be recorded from a tenant perspective?  

[TurboTaxLise]

If it is considered a “windfall” as per the CRA, you are not required to include it on your tax return. But to be completely certain, I would advise you to contact the CRA directly at 1-800-959-8281.  

Below I have provided a few links for a better understanding: 

• TurboTax Tips: What Is a Windfall and How Does It Apply to Me? - https://turbotax.intuit.ca/tips/what-is-a-windfall-and-how-does-it-apply-to-me-188

Under the Tribunal of Ontario – Landlord & Tenant Board – the tenant is to be given a one-month equivalent.

• Please refer to the following link to clarify -  drop down to “compensation”: http://www.sjto.gov.on.ca/documents/ltb/Interpretation%20Guidelines/12%20-%20Eviction%20for%20Person...
• Help for tenants from the Landlord Tribunal Board - http://www.sjto.gov.on.ca/ltb/help-for-tenants/