What does the CRA mean by other sources of income?

This is a catch-all category that captures taxable income which does not qualify as one of the primary sources.

Major types of other income include:

• Benefits received from RRSP (including from a registered retirement income fund)
• Employer pension plan
• Old-age security from the government of Canada
• Benefits from employer’s deferred profit-sharing plan
• Canada, Quebec, or foreign pension benefits
• Retiring allowances
• Benefits from Employment Insurance plan
• Income from RESP

ABOUT THE AUTHOR

ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

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