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Damages for pain and suffering are non taxable. Damages for past and future income loss are taxable. But these heads of damages apply to tort claims such as car accident and general negligence cases (slip and fall, dog bite, etc.)

http://www.torontoinjurylawyerblog.com/2015/01/the-taxability-of-lump-sum-long-term-disability-settlements-cra-changes-january-1-2015.html#more