31 August 2020 Internal T.I. 2020-0851811I7 - US Economic Impact Payment -- summary under Section 3

A permanent resident of Canada receives payments under the U.S. Economic Income Payment Program (US EIP) pursuant to the CARES Act, being a refundable tax credit for U.S. citizens and U.S. resident aliens, that is recaptured if adjusted gross income reaches certain thresholds.

The Directorate indicated (as per its summary):

The amount is considered an advanced payment of a 2020 refundable tax credit, and therefore is likely not income from a source under the Income Tax Act.

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d7 import status
Drupal 7 entity type
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Drupal 7 entity ID
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d7 import status
Drupal 7 entity type
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Drupal 7 entity ID
603946
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