Do you need to declare the guaranteed annual incom...

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Do you need to declare the guaranteed annual income system (GAINS) on your taxes

 
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Do you need to declare the guaranteed annual income system (GAINS) on your taxes

Although GAINS is a non-taxable benefit, you will receive a T5007 slip to enter the income on your return. TurboTax will deduct the income on the appropriate line so no tax will be applied.

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