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I did some loan in my born country that were transfered to can into my personal canadian bank account. Should I declare this as income. If so, how?

 
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I did some loan in my born country that were transfered to can into my personal canadian bank account. Should I declare this as income. If so, how?

We appreciate you choosing TurboTax,

 

There is no tax to be paid on Loan, which is not a form of income.

If taxable benefits arise, the situation could differ (please see link no. 2).

 

Please visit the link provided for further clarifications:

  1. CRA: All types of income
  2. CRA: Loans received because of employment

 

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