My wife won an award which, according to the issuer, is exempt from taxes. It is considered a 'Prescribed Prize'. Yet I cannot find where the TurboTax form gives the option to put this in. There is the category, "Other scholarships, grands, awards, etc" but this is taxed.
You don't report the prescribed prizes according to CRA's income tax folio.
Hope this was helpful
Heba
April 30, 202412:45 PM
You are leaving TurboTax.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
Sign In
Canada (English)
EN
