Form T90 Income Exempt Under the Indian Act - Canada

FAQ

Q: What is Form T90?
A: Form T90 is a form used for reporting income exempt under the Indian Act in Canada.

Q: What does the Indian Act refer to?
A: The Indian Act is a Canadian federal law that governs the rights and status of Indigenous peoples in Canada.

Q: Who is eligible to claim income exemption under the Indian Act?
A: Indigenous individuals who are registered under the Indian Act and live on a reserve in Canada are eligible to claim income exemption.

Q: What types of income can be exempt under the Indian Act?
A: Income from employment on a reserve, income from a business located on a reserve, and certain income from property located on a reserve can be exempt.

Q: Do I need to file Form T90 to claim income exemption?
A: Yes, individuals who want to claim income exemption under the Indian Act need to file Form T90 with the Canada Revenue Agency (CRA).

Q: Are there any specific requirements or documentation needed to claim income exemption?
A: Yes, individuals need to provide supporting documentation such as a copy of their Certificate of Indian Status and details of their income sources on the reserve.

Q: Is there a deadline for filing Form T90?
A: Form T90 should be filed with the CRA by the individual's income tax filing deadline, which is usually April 30th of each year.

Q: What happens if I fail to report my income exempt under the Indian Act?
A: Failure to report income exempt under the Indian Act can result in penalties and potential tax liabilities.

Q: Can I claim both income exemption under the Indian Act and other tax credits or deductions?
A: Yes, individuals who are eligible for income exemption can also claim other tax credits and deductions for which they qualify.