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New Member

Where do I report income from a court settlement from a bankrupt company?

company owed me a substantial amount of unpaid wages.  they went bankrupt.

After investigation, Ministry of labour issued a director order to pay.  I settled for 50% .  former director issued me a personal cheque for the amount.

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New Member

Where do I report income from a court settlement from a bankrupt company?

It is strongly recommended that you contact the CRA with the specific details of your issue for advice. Should the payment meet the definition of employment income, without a  T4 you could enter as Other Income.

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New Member

Where do I report income from a court settlement from a bankrupt company?

It is strongly recommended that you contact the CRA with the specific details of your issue for advice. Should the payment meet the definition of employment income, without a  T4 you could enter as Other Income.

View solution in original post