Which of the following sources of income would NOT result in any increase in Taxable Income...

Which of the following sources of income would NOT result in any increase in Taxable Income (Division C) for the taxpayer who receives it?

A. Workers’ compensation payments.

B. A research grant received by a student in a university program.

C. Amounts that are withdrawn from an individual’s RRSP.

D. Spousal support payments.

Solutions

Expert Solution

Please find below the solution… let me know if you need any clarification.

Correct answer is option : A Workers’ compensation payments.

Worker's compensation payment will not result in increase in taxable income these are the payment received by the worker for injury during the working environment.

ekkarill92 answered 1 year ago

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