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:

CRA: All types of income
CRA: Loans received because of employment

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