Canadian Soldiers Assistance Team (CSAT) Forum


Join the forum, it's quick and easy

Canadian Soldiers Assistance Team (CSAT) Forum
Canadian Soldiers Assistance Team (CSAT) Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Manulife Contributions paid

5 posters

Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by puddleduk2 Mon 03 Mar 2014, 12:40

query, does anyone know where the premiums paid into the wage loss program are to be entered for deduction?

 They should be a non-refundable tax credit, but despite looking in the forms booklet for something that should match their description of what they are, I cannot find a line to enter them under,

 Inclusion of the original letter from SISIP that states the deducted premiums with my tax return should enable them to move it if necessary,

however, if the amount is not entered somewhere, I will assume they will not do it for me.
puddleduk2
puddleduk2
CSAT Member

Number of posts : 336
Location : Ontario
Registration date : 2012-10-15

Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Teentitan Mon 24 Feb 2014, 16:59

the t5 is the interest off the retro so it is income.
Teentitan
Teentitan
CSAT Member

Number of posts : 3405
Location : ontario
Registration date : 2008-09-19

Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Guest Mon 24 Feb 2014, 15:54

OK What is the T5 statement of investment income about, I will assume it is for interest on our lump sum amount, it is nor will it ever be investment income it is money paid from the government for stealing our LTD payments.

Guest
Guest


Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by loggie Mon 24 Feb 2014, 15:41

And I thought my PTSD symptoms were caused by my service.....now I find out it is caused by the "servicing" by the tax man! What a dogs breakfast. Waiting for T4's, T4A's, T5's, 1198's, blah blah blah.
Frig it, Miller time!

loggie
CSAT Member

Number of posts : 144
Location : penetanguishene
Registration date : 2013-06-13

Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by 1993firebird Mon 24 Feb 2014, 15:19

I think the tax man will owe me after all this.

1993firebird
CSAT Member

Number of posts : 1594
Location : Ontario
Registration date : 2013-01-10

Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Teentitan Mon 24 Feb 2014, 14:24

Just talked to Manulife and all the t-1198's should be in the mail by Wednesday so next week at the latest for everyone to have it.

One other point...your T-4a for 2013 is in the T-4a of your retro. When you get your t-1198 take that total and subtract it from the retro t-4a and that is your income from Manulife for your LTD for 2013.
Teentitan
Teentitan
CSAT Member

Number of posts : 3405
Location : ontario
Registration date : 2008-09-19

Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Dove96 Mon 24 Feb 2014, 11:53

Just found out, Thanks Navrat, I already have the main T4A.
Looks like I have everything.
Yea!
Dove96
Dove96
CSAT Member

Number of posts : 195
Location : Campbell River, BC
Registration date : 2013-02-15

Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Guest Mon 24 Feb 2014, 11:39

Great stuff

Guest
Guest


Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Dove96 Mon 24 Feb 2014, 11:27

Received my T5, T4A (other income not big one) and T1198 today.
Still waiting the main T4A for the lawsuit.


Last edited by Dove96 on Mon 24 Feb 2014, 11:28; edited 1 time in total (Reason for editing : adding more info)
Dove96
Dove96
CSAT Member

Number of posts : 195
Location : Campbell River, BC
Registration date : 2013-02-15

Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Guest Mon 24 Feb 2014, 10:03

so far 1t4, 1t4a, 1t5

1198 and 2 more t4's to come i think
should be this week.
Manulife said the 1198 should be here soon

Guest
Guest


Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Guest Mon 24 Feb 2014, 09:38

Lol, thanks , have you got all the forms , t4a yet? I live in the same area just wondering

Guest
Guest


Back to top Go down

Manulife Contributions paid Empty Manulife Contributions paid

Post by Guest Mon 24 Feb 2014, 09:07

This will get a little confusing for some but here goes

For those individuals that received a T4A Wage loss replacement from Manulife
Total amount reported in Box 107

You may deduct the premiums that you paid from this amount
There is no space to place the deduction so you will have to attach a small note to your income
tax return to show why you are not using the full amount in box 107

The deduction here may be only small ours works out to be $121.30
for a huge tax savings of $20.00 or so.

Lunch for navrat at the legion.

You will have to go back many years to see if you have claimed this deduction before but my guess is most would not
even realize they can deduct the premiums
I seemed to be the first to call manulife but they are now aware of this and can get an answer pretty quickly.

In case i have missed somethng please feel free to add

oldleftwinger
hamilton

Guest
Guest


Back to top Go down

Manulife Contributions paid Empty Re: Manulife Contributions paid

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum