Originally Posted by helen_gamble
I am not at all familiar with the Canadian tax legislation. Which Act are you referring to? Does it have the definition of "other income"?
I filed it last year (2008) as "other income" with explanation "poker winnings" for the few months that I spent in Canada after becoming permanent resident. No one from the revenue agency informed me that this was wrong. If it was in fact wrong, can I still refile?
Also, I was contributing to RRSP during 2009, assuming that I have the usual 18% limit based on "other income". Now it turns out that I don't get any contribution room from that, so unless I can refile my 2008 tax return, I guess I'll have to withdraw that money and pay the penalty (1% per month or whatever it is).
You only get contribution room from "earned income." This is generally salary, wages, and business income. It would not include other kinds of income.
Other Sources of Income
Amounts to be included in income for year
56. (1) Without restricting the generality of section 3, there shall be included in computing the income of a taxpayer for a taxation year,
Scholarships, bursaries, etc.
(n) the amount, if any, by which
(i) the total of all amounts (other than amounts described in paragraph 56(1)(q), amounts received in the course of business, and amounts received in respect of, in the course of or by virtue of an office or employment) received by the taxpayer in the year, each of which is an amount received by the taxpayer as or on account of a scholarship, fellowship or bursary, or a prize for achievement in a field of endeavour ordinarily carried on by the taxpayer
, other than a prescribed prize, [...]