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How do I reflect UIF payouts as an income on my tax return?
Posted 21 November 2012
I lost my job and had to claim unemployment for a few months. I then recieved an income after that but need to reflect my UIF on my tax return as my return currently shows a negative income after pension etc.
TaxTimsays: 21 November 2012 at 22:22
You do not pay tax on UIF amounts received so won't need to include these amounts on your return. It is specifically exempt under the tax act and not subject to tax!