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Old 08-04-2015, 03:53 AM
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Flight overbooked. Monetary compensation

Hi folks,

I recently went on a flight that was overbooked. I got bumped, and was compensated in the following manner:

- My trip was moved to the same flight for another day, free of charge.
- I was monetarily compensated for my trouble by the airline (Air Canada). This came out to about $800 CAD in the form of a check.

My question is: what are the tax implications of this (if any)? Does the 2nd bit need to be declared as income? Where would I report it?



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