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February 22, 2023
Question

Should I claim the monies received after a motor vehicle accident, from my insurance company?

  • February 22, 2023
  • 1 reply
  • 0 views
Vehicle was totaled and I ended up on long term disability

    1 reply

    February 23, 2023

    I'm very sorry to hear about your accident. 

     

    As per CRA: compensation received from a province or territory if you were a victim of a criminal act or a motor vehicle accident is not to be reported on your income tax return.

     

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