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April 10, 2024
Question

T5007 Workers' Compensation benefits

  • April 10, 2024
  • 1 reply
  • 0 views

WCB benefits are non-taxable...does that mean tax exempt? It is unclear which line 10 to input the information and as said above, which line you enter significantly changes the return

    1 reply

    April 10, 2024

    Yes it means it is tax exempt. For information, please see the WSIB link: Income tax reporting and T5007 statements

     

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