Sources Of Taxable Income

Compare with earned income and passive income.

There are many sources of taxable income (alphabetically)

  1. alimony, if awarded before May 1, 1997 (confirm date, if any)
  2. business income less expenses less deductions
  3. capital gains (taxable portion)
  4. child support, if awarded before May 1, 1997
    • effective May 1, 1997, no longer taxable to recipient or tax deductible for payer
  5. commissions
  6. disability benefits (including CPP disability pension)
  7. dividends (grossed-up)
  8. interest
  9. pensions (including annuities, CPP pension, RRSPs, RRIFs, LIFs)
  10. rental income less expenses
  11. research grants less expenses
  12. royalties
  13. salary and wages
  14. self-employment

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