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Manulife T4A For 2015

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Rifleman
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pinger
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1993firebird
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Post by peep Sun 13 Mar 2016, 18:52

Thanks big time. Still not sure where to put the lawyer fee. Line 104 shows grants.
peep
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Post by Guest Sun 13 Mar 2016, 18:33

peep ,

Here is what you need in terms of the COLA for your taxes ;

What you need from Manulife to complete your taxes as far as the SISIP/COLA goes.

One T4A for normal Monthly LTD payments.

One T4A for the COLA.

One T5 for the interest.

Receipt from MC to claim Legal Fees paid.

They are not sending out a T1198 , so we do not claim that.

With respect to your premiums paid to SISIP , SISIP should send you a letter if requested by yourself with the total amount you paid since day one.
Make sure you ask them for an approximate timeline as to when your to expect it.

Also I do believe your to claim those premiums on line 104 of your tax return.

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Post by peep Sun 13 Mar 2016, 17:43

Oh good point. Now i have to get that too.
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Post by peep Sun 13 Mar 2016, 16:42

sisip contacts will not do it. I have to phone the main line. Will try it on Monday.

It is a big deduction. We have line 107 on 2 t4a's this year. Our monthly check and cola backdate.

Thanks everyone for the help
peep
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Post by Guest Sun 13 Mar 2016, 16:30

peep trooper is correct request the amount from SISIP they will send it to you .

firebird yes they will accept it.

propat

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Post by 1993firebird Sun 13 Mar 2016, 15:32

Is it only within the first year because I was a zero sum so I did not receive any money during my first two years and did not receive any money in the years following because I did not submit medical reports due to being zeroed out? This year , 2016 , due to winning my appeal is the first year since my release in 2009 that I will receive LTD benefits monthly , the other years were lump sum back pays. So will this year be considered my first year?

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Post by Guest Sun 13 Mar 2016, 14:54

I do believe you have to contact SISIP to get your total amounts that you paid in premiums.

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Post by peep Sun 13 Mar 2016, 14:48

and that is the total you paid to sisip since you joined. but how much is that. I pay 40 a month now. for 27 in thats $12,960.00 deduction. Except I did not pay $40 a month in 1983! so how do we find the total!
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Post by Guest Sun 13 Mar 2016, 14:45

Are the LTD benefits taxable? Yes. However, during the first year you become a claimant all the LTD premiums paid during your military career can be deducted for tax purposes.

https://www.cfmws.com/en/AboutUs/SISIPFS/Insurance/Pages/Long-Term-Disability.aspx

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Post by Guest Sun 13 Mar 2016, 14:40

Others can correct me if I'm wrong , I do believe it is SISIP themselves who can give you a letter with the amounts of premiums paid to date.

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Post by 1993firebird Sun 13 Mar 2016, 14:20

not me , never claimed it , probably works out to zero.

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Post by peep Sun 13 Mar 2016, 14:00

When I enter the amounts on line 107, you can claim everything you paid to sisip since 1967, or 1983 in my case.

PLEASE does anyone know how to figure out the amount we have payed into sisip so far!
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Post by Guest Thu 03 Mar 2016, 19:51

Everyone who received COLA will get a T5.

Well if both Rex & Firebird were not receiving Monthly LTD payments in 2015 perhaps that group of individuals are having their COLA T4,s completed differently then those receiving Monthly payments.
Perhaps splitting within the COLA numbers resulting in issuing two separate T4's for their COLA.
Just a guess...could be wrong but can't think of any other reason...unless of course we hear reports of some receiving three T4,s two for the COLA an one for their regular Monthly payments...then that will prove my theory wrong.

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Post by 1993firebird Thu 03 Mar 2016, 19:26

I got a T5 for the interest.

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Post by bigrex Thu 03 Mar 2016, 17:43

I got the same thing. two T4's for the cola, and I have no idea why. The only thing I can think of is one is the actual COLA, and the second one is for the interest. but since they are both placed into box 107, it seems like an unnecessary complication
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