29 February 2012 External T.I. 2011-0431131E5 F - Sommes versées en règlement d'un grief -- summary under Subsection 5(1)

After a unionized employee filed a grievance for wrongful dismissal, the employer will pay the employee a lump sum. CRA stated:

[C]ompensation for damages received in respect of wages or other unpaid benefits (such as vacation) is generally considered taxable employment income under subsection 5(1). Similarly, in the case of retroactive reinstatement of an employee, compensation for taxable damages will be considered employment income and not a retiring allowance.

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d7 import status
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