I've called CRA and they've given me two different answers so maybe someone here can help out
I receive CS, S7 expenses and SS. There are also arrears and interest added to my account as the payor tends to not quite pay everything owing.
On my return CRA has asked I report all I have received as total income regardless of the added amounts (S7 and interest and arrears) as FRO does not distinguish which payments are applied to which individual expense. Only SS is taxable so I guess it wouldn't make any difference other than showing an inflated income for son/s OSAP application etc,
What do I report as taxable? It's over $8000 in arrears as of Dec 31 - so do I calculate $SS - $arrears?
Anyone had this come up before?
I receive CS, S7 expenses and SS. There are also arrears and interest added to my account as the payor tends to not quite pay everything owing.
On my return CRA has asked I report all I have received as total income regardless of the added amounts (S7 and interest and arrears) as FRO does not distinguish which payments are applied to which individual expense. Only SS is taxable so I guess it wouldn't make any difference other than showing an inflated income for son/s OSAP application etc,
What do I report as taxable? It's over $8000 in arrears as of Dec 31 - so do I calculate $SS - $arrears?
Anyone had this come up before?
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