Amounts that are not reported or taxed (2024)

You do nothave toreport certain non-taxable amounts as income, including the following:

• lottery winningsof any amount, unless the prize can be considered income from employment, a business or property, or a prize for achievement
• most gifts and inheritances
• amounts paid by Canada or an allied country (if the amount is not taxable in that country) for disability or death of a war veteran due to war service
• GST/HST credit (and related provincial and territorial credits and benefits), theCanada child benefit (CCB)(and related provincial and territorial benefits) and the CAIP (depending on your province or territory of residence)
• family allowance payments and the supplement for handicapped children paid by the province of Quebec
• compensation received from a province or territory if you were a victim of a criminal act or a motor vehicle accident
• most amounts received from a life insurance policy following someone's death
• most types of strike pay you received from your union, even if you performed picketing duties as a requirement of membership

• amounts that are exempt from tax under section 87 of the Indian Act (Section 87 tax exemption)

• most amounts received from a tax-free savings account (TFSA)

Forms and publications

• Income Tax Package
• Form T90, Income Exempt from Tax under the Indian Act
• Guide RC4466, Tax-Free Savings Account (TFSA), Guide for Individuals
• Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income (and Losses) from Crime
• Interpretation Bulletin IT-365R2 ARCHIVED, Damages, Settlements, and Similar Receipts
• Interpretation Bulletin IT-397R ARCHIVED, Amounts Excluded from Income – Statutory Exemptions and Certain Service or RCMP Pensions, Allowances and Compensation
• Interpretation Bulletin IT-397RSR ARCHIVED, Amounts Excluded from Income – Statutory Exemptions and Certain Service or RCMP Pensions, Allowances and Compensation