Comments on: Are Disability Insurance Benefits Taxable in Canada? https://briansoinsurance.com/are-disability-insurance-benefits-taxable-in-canada/ Taking care of the "if" in life Fri, 08 May 2026 22:04:27 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Maura Parson https://briansoinsurance.com/are-disability-insurance-benefits-taxable-in-canada/#comment-12578 Tue, 30 Apr 2024 18:29:36 +0000 https://briansoinsurance.com/?p=7806#comment-12578 Hi Brian:
Is a monthly Life Cert for a Work Disability Pension (from a Foreign Ins. Co.) tax empt.
A Personal Injury law suit was settled for 65%
Permanent injury, pain, suffering, loss of enjoyment of life, medical bills and loss of income . I was a Volunteer, never paid insurance premiums and don’t receive T4 equivalent ? Would appreciate your advice or recommend someone closer to home who could advise.

]]> By: Brian So, CFP, CLU, CHS, BSc https://briansoinsurance.com/are-disability-insurance-benefits-taxable-in-canada/#comment-11286 Tue, 19 Dec 2023 23:15:57 +0000 https://briansoinsurance.com/?p=7806#comment-11286 In reply to Danny Julien.

Hi Danny, if you bought the RBC plan and it is a personal policy, you should not have to pay taxes on the benefits.

]]> By: Danny Julien https://briansoinsurance.com/are-disability-insurance-benefits-taxable-in-canada/#comment-11260 Thu, 14 Dec 2023 23:48:46 +0000 https://briansoinsurance.com/?p=7806#comment-11260 I had a stroke at 65yr old and cannot work.My only income are Canada pension,quebec pension and old age security .I receive disability payments for 2 yrs from R.B.C.does the disability payments are taxable income?the R.B.C.is a private plan that I took yrs ago when I was self employed.

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