Sources Of Taxable Income
Compare with earned income and passive income.
There are many sources of taxable income (alphabetically)
- alimony, if awarded before May 1, 1997 (confirm date, if any)
- business income less expenses less deductions
- capital gains (taxable portion)
- child support, if awarded before May 1, 1997
- effective May 1, 1997, no longer taxable to recipient or tax deductible for payer
- commissions
- disability benefits (including CPP disability pension)
- dividends (grossed-up)
- interest
- pensions (including annuities, CPP pension, RRSPs, RRIFs, LIFs)
- rental income less expenses
- research grants less expenses
- royalties
- salary and wages
- self-employment
page revision: 13, last edited: 27 Jul 2007 02:46