• Are you required to file an income tax return?
• Income
• Income replacement indemnities
  • Amounts received as workers' compensation or as indemnities further to a traffic accident
• Income tax rates
• Income tax return
• Tax credits
• Transmission of confidential information to your representative
• What is a voluntary disclosure?
• What are your rights and obligations as a taxpayer?
• Interpretation bulletins

Income

In general, any amount that is earned, whatever its source, constitutes income.

Amounts earned in foreign currency

These amounts must be reported in Canadian dollars. To convert the amounts, use the exchange rate in effect at the time you earned them. You may use the average exchange rate for the year if the amounts were received over the entire year. For information on the exchange rate, consult the website of the Bank of Canada.

Non-taxable amounts

Do not include the following amounts in your income:

• the child assistance payment from the Régie des rentes du Québec 
• the tax credit respecting the work premium 
• the allowance received under the shelter allowance program 
• the value of property received as an inheritance 
• amounts received under a life insurance policy further to the death of the insured 
• the QST credit 
• the GST credit 
• the credit for individuals living in northern villages 
• lottery winnings 
• strike pay 
• federal Child Tax Benefit payments 
• benefits paid under a wage loss insurance plan or an income insurance plan, other than a plan to which your employer made a contribution

Note

Income that you earn from non-taxable amounts, such as interest income on lottery winnings, is taxable.

For information on retroactive payments or support-payment arrears, transfers of property or the split income of a child, consult the guide to the income tax return (TP-1.G-V).