topic Taxable Benefits in Filing https://turbotax.community.intuit.ca/community/filing/discussion/taxable-benefits/01/957740#M2514 <P>Hi,&nbsp;</P><P>&nbsp;</P><P>I bought an employment insurance for my domestic helper outside of Canada. Recently, there was a payout from the insurance policy regarding my helper's medical condition covered from the employment insurance policy.&nbsp;</P><P>&nbsp;</P><P>My question is - when I file my personal income tax in Canada, is the payout from the insurance company taxable? If so, where (which line in tax form) should I put it under?&nbsp;</P><P>&nbsp;</P><P>Thank you,</P> Sun, 24 Nov 2019 13:16:51 GMT cp-peterhuang 2019-11-24T13:16:51Z Taxable Benefits https://turbotax.community.intuit.ca/community/filing/discussion/taxable-benefits/01/957740#M2514 <P>Hi,&nbsp;</P><P>&nbsp;</P><P>I bought an employment insurance for my domestic helper outside of Canada. Recently, there was a payout from the insurance policy regarding my helper's medical condition covered from the employment insurance policy.&nbsp;</P><P>&nbsp;</P><P>My question is - when I file my personal income tax in Canada, is the payout from the insurance company taxable? If so, where (which line in tax form) should I put it under?&nbsp;</P><P>&nbsp;</P><P>Thank you,</P> Sun, 24 Nov 2019 13:16:51 GMT https://turbotax.community.intuit.ca/community/filing/discussion/taxable-benefits/01/957740#M2514 cp-peterhuang 2019-11-24T13:16:51Z Re: Taxable Benefits https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/958595#M2520 <P>Hi, thank you for using Intuit turbotax Live Community</P><P>Most taxable payouts would be reported on a Canada Revenue Agency (CRA) information slip such as a T4A. The payer of the benefit would issue the slip. The T4A would be then entered in turbotax. If you are not sure if a slip will be issued or if this is foreign sourced income&nbsp; check with the payer; they should be able to give you details on how the benefit should be handled.</P><P>Hope this helps&nbsp;</P> Tue, 26 Nov 2019 20:13:30 GMT https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/958595#M2520 TurboTax-Duncan 2019-11-26T20:13:30Z Re: Taxable Benefits https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959018#M2522 <P>Hi,&nbsp;</P><P>&nbsp;</P><P>Thank you for your response. The payout is from an insurance company outside of Canada, so it's logical to be reported as foreign income. My main question is - whether or not the insurance payout (as a covered benefits for the employee, but paid to me the employer) taxable or not according to Canadian taxation?&nbsp;</P><P>&nbsp;</P><P>Thank you again,&nbsp;</P><P>&nbsp;</P> Thu, 28 Nov 2019 09:07:04 GMT https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959018#M2522 cp-peterhuang 2019-11-28T09:07:04Z Re: Taxable Benefits https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959062#M2523 <P>Hi, thank you for using Intuit turbotax Live Community</P><P>This is not a common type of payment; I am not sure you will receive an answer here. You may need to discuss the issue with the Canada Revenue agency(CRA) at 1-800-959-8281. You could get details of the type of account and payment and then discuss the scenario with CRA.</P><P>Hope this helps</P> Thu, 28 Nov 2019 18:05:18 GMT https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959062#M2523 TurboTax-Duncan 2019-11-28T18:05:18Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
<channel>
<title>topic Taxable Benefits in Filing</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/taxable-benefits/01/957740#M2514
</link>
<description>
<P>Hi,&nbsp;</P><P>&nbsp;</P><P>I bought an employment insurance for my domestic helper outside of Canada. Recently, there was a payout from the insurance policy regarding my helper's medical condition covered from the employment insurance policy.&nbsp;</P><P>&nbsp;</P><P>My question is - when I file my personal income tax in Canada, is the payout from the insurance company taxable? If so, where (which line in tax form) should I put it under?&nbsp;</P><P>&nbsp;</P><P>Thank you,</P>
</description>
<pubDate>Sun, 24 Nov 2019 13:16:51 GMT</pubDate>
<dc:creator>cp-peterhuang</dc:creator>
<dc:date>2019-11-24T13:16:51Z</dc:date>
<item>
<title>Taxable Benefits</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/taxable-benefits/01/957740#M2514
</link>
<description>
<P>Hi,&nbsp;</P><P>&nbsp;</P><P>I bought an employment insurance for my domestic helper outside of Canada. Recently, there was a payout from the insurance policy regarding my helper's medical condition covered from the employment insurance policy.&nbsp;</P><P>&nbsp;</P><P>My question is - when I file my personal income tax in Canada, is the payout from the insurance company taxable? If so, where (which line in tax form) should I put it under?&nbsp;</P><P>&nbsp;</P><P>Thank you,</P>
</description>
<pubDate>Sun, 24 Nov 2019 13:16:51 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/taxable-benefits/01/957740#M2514
</guid>
<dc:creator>cp-peterhuang</dc:creator>
<dc:date>2019-11-24T13:16:51Z</dc:date>
</item>
<item>
<title>Re: Taxable Benefits</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/958595#M2520
</link>
<description>
<P>Hi, thank you for using Intuit turbotax Live Community</P><P>Most taxable payouts would be reported on a Canada Revenue Agency (CRA) information slip such as a T4A. The payer of the benefit would issue the slip. The T4A would be then entered in turbotax. If you are not sure if a slip will be issued or if this is foreign sourced income&nbsp; check with the payer; they should be able to give you details on how the benefit should be handled.</P><P>Hope this helps&nbsp;</P>
</description>
<pubDate>Tue, 26 Nov 2019 20:13:30 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/958595#M2520
</guid>
<dc:creator>TurboTax-Duncan</dc:creator>
<dc:date>2019-11-26T20:13:30Z</dc:date>
</item>
<item>
<title>Re: Taxable Benefits</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959018#M2522
</link>
<description>
<P>Hi,&nbsp;</P><P>&nbsp;</P><P>Thank you for your response. The payout is from an insurance company outside of Canada, so it's logical to be reported as foreign income. My main question is - whether or not the insurance payout (as a covered benefits for the employee, but paid to me the employer) taxable or not according to Canadian taxation?&nbsp;</P><P>&nbsp;</P><P>Thank you again,&nbsp;</P><P>&nbsp;</P>
</description>
<pubDate>Thu, 28 Nov 2019 09:07:04 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959018#M2522
</guid>
<dc:creator>cp-peterhuang</dc:creator>
<dc:date>2019-11-28T09:07:04Z</dc:date>
</item>
<item>
<title>Re: Taxable Benefits</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959062#M2523
</link>
<description>
<P>Hi, thank you for using Intuit turbotax Live Community</P><P>This is not a common type of payment; I am not sure you will receive an answer here. You may need to discuss the issue with the Canada Revenue agency(CRA) at 1-800-959-8281. You could get details of the type of account and payment and then discuss the scenario with CRA.</P><P>Hope this helps</P>
</description>
<pubDate>Thu, 28 Nov 2019 18:05:18 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/re-taxable-benefits/01/959062#M2523
</guid>
<dc:creator>TurboTax-Duncan</dc:creator>
<dc:date>2019-11-28T18:05:18Z</dc:date>
</item>
</channel>
</rss>