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I thought there was already a thread on this..or is this the one - I'm lost.
The "jists" of it is that your earnings are considered "nontaxable" for the period you are in receipt of Risk Allowance and @ a specific level. Like someone said earlier, it is important that you enrolment(Reservists on Class C especially) and RA are inputted in a timely fashion because we don't adjust any pay/allowance regarding late input of allowance. This is a unit/clerk responsibility.
Also, there is a maximum you can claim a month for tax exemption purposes. This is capped at the CWO IPC04 rate of pay. Note that any credits/debits posted to your account will count towards tax exemption, up to the max) ie: backdated promo posted to ccps while RA is running, you May benefit from more tax exemption. This is the same for debits. It will lower your exemption amount.
The portion of earnings that is deemed non-taxable will be reflected in BOX 43 of the T4 and as a footnote on the Releve1. There is a calculation in the tax return that pertains directly to this.
I'll post some links later fyi like a FAQ's regarding Tax Relief
The "jists" of it is that your earnings are considered "nontaxable" for the period you are in receipt of Risk Allowance and @ a specific level. Like someone said earlier, it is important that you enrolment(Reservists on Class C especially) and RA are inputted in a timely fashion because we don't adjust any pay/allowance regarding late input of allowance. This is a unit/clerk responsibility.
Also, there is a maximum you can claim a month for tax exemption purposes. This is capped at the CWO IPC04 rate of pay. Note that any credits/debits posted to your account will count towards tax exemption, up to the max) ie: backdated promo posted to ccps while RA is running, you May benefit from more tax exemption. This is the same for debits. It will lower your exemption amount.
The portion of earnings that is deemed non-taxable will be reflected in BOX 43 of the T4 and as a footnote on the Releve1. There is a calculation in the tax return that pertains directly to this.
I'll post some links later fyi like a FAQ's regarding Tax Relief