- Reaction score
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Re: Don‘t get ME started
Posted by Mark Bossi M.A. Bossi, Esquire from Toronto Ontario Canada on March 05, 1999 at 14:37:57:
In Reply to: Don‘t get me started on the RPSR, PLEASE!!!!!!!!! posted by Michael A. Dorosh on March 05, 1999 at 00:22:46:
Perhaps a point has been missed.
Due to the retroactive pay raise, some personnel received a very large, lump sum backpayment - in some cases, this caused an increase in the rate of income taxation.
Therefore, as a direct result of the pay raise, it was more important than usual that T4s be distributed in a timely fashion i.e. to afford individuals the opportunity to calculate, and decide whether to make an RRSP contribution. Don‘t forget, most reservists are not eligible to contribute to the CF pension plan - only Regular Force, and in some cases ex-Regs enjoy this benefit. The only related benefit for reservists is the recently instituted "separation payment" - basically, an incentive for reservists to quit after they‘ve been in long enough to make a meaningful contribution to the CF, but I digress ...
Posted by Mark Bossi M.A. Bossi, Esquire from Toronto Ontario Canada on March 05, 1999 at 14:37:57:
In Reply to: Don‘t get me started on the RPSR, PLEASE!!!!!!!!! posted by Michael A. Dorosh on March 05, 1999 at 00:22:46:
Perhaps a point has been missed.
Due to the retroactive pay raise, some personnel received a very large, lump sum backpayment - in some cases, this caused an increase in the rate of income taxation.
Therefore, as a direct result of the pay raise, it was more important than usual that T4s be distributed in a timely fashion i.e. to afford individuals the opportunity to calculate, and decide whether to make an RRSP contribution. Don‘t forget, most reservists are not eligible to contribute to the CF pension plan - only Regular Force, and in some cases ex-Regs enjoy this benefit. The only related benefit for reservists is the recently instituted "separation payment" - basically, an incentive for reservists to quit after they‘ve been in long enough to make a meaningful contribution to the CF, but I digress ...
