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New Member
posted Apr 10, 2024 7:03:53 AM

T5007 Workers' Compensation benefits

WCB benefits are non-taxable...does that mean tax exempt? It is unclear which line 10 to input the information and as said above, which line you enter significantly changes the return

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1 Replies
Intuit Alumni
Apr 10, 2024 7:45:13 AM

Yes it means it is tax exempt. For information, please see the WSIB link: Income tax reporting and T5007 statements

 

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