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In early 2010, as per my employment contract I returned a signing bonus that I received in 2009. Do I still need to pay 2009 taxes on the signing bonus received in the fall even after fully returning the payment?
In the US it appears that either as a deduction on schedule A or as a payment credit under IRC 1341. But no idea how it works in Canada.
You will report this on line 229 on your 2010 Cdn return, next year 9as l;ong as you reported the original income on a Cdn return)
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best