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MVA IRB Income attendant care

I am receiving Income replacement benefits and attendant care payments from my auto insurance. I want to file a 2010 income tax, but my auto insurance is not providing any reference for these payments. The insurance rep said that i don't have to include these two (IRB & Attendant care income) in my income tax.

Any advice? is this true?
Thanks

Posted by bazzi2004 on 2011/08/28 17:26:53

When filing your tax return your insurance agent is the last person you should be listening to for advice. I suggest you consult with a certified accountant or income tax specialist regarding this. Since Income Replacement Benefits is considered a form of income you should also check with Canada Revenue Agency to learn about your legal obligations.


Best regards,


Sean Graham, Principal Broker at KTX Insurance Brokers

Posted by SeanGraham on 2011/09/01 11:49:26

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