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.
01338
1 Best answer
TurboTaxStef
New Member
Oct 29, 2019 11:55:42 PM
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.
1 Replies
TurboTaxStef
New Member
Oct 29, 2019 11:55:42 PM
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.