Sunday, May 23, 2010

Income Section - Other pensions or superannuation

Here is what the Spousal Support Calculator says...

Other pensions or superannuation


Input the annual amount of any other pensions or superannuation that the party received that have not already been included under another category (T1, Line 115).

Examples of "Other pensions or superannuation" include (ie. not exhaustive):
T4A slip, Box 16;
T3 slip, Box 31;
annuity and registered retirement income fund (RRIF), including life income fund, payments, if party is 65 or older, or if party is recipient because of death of spouse or common-law partner (T4A slip, Box 24 or Box 28; T4RIF slip, Box 16 or 20; T5 slip, Box 19);
gross amount of pensions from a foreign country (converted to Canadian dollars);
United States individual retirement account (IRA);
United States social security and Medicare premiums paid on party's behalf.

According to the CSG, annual income is determined using Line 150 ("Total income") of the T1 General form, adjusted in accordance with Schedule III and ss. 17, 18 and 19 of the CSG. This is commonly referred to as "Guidelines Income".

Note that the SSAG use the same definition of annual income as under the CSG, with some exceptions.

See the help under "Employment Income" regarding Guidelines Income caps under the CSG and ceilings, floors, and floor exceptions under the SSAG.
TIP: There is a built-in conversion feature. See the help under "Employment Income".

My Rebuttal:

I again reference my rebuttal to Old Age Security. It seems very unfair to me to include all this pension arbitrarily especially when the majority of it could have been accrued prior to the divorced couple being together.

No comments:

Post a Comment