VETERANS SISIP is INSURANCE, NOT INCOME. WE SHOULDN'T BE PAYING TAXES ON IT.
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Re: VETERANS SISIP is INSURANCE, NOT INCOME. WE SHOULDN'T BE PAYING TAXES ON IT.
Yeah, unfortunately CRA rules in this case. Considering the financial benefits to an employee of not taxing disability insurance payments, it would be a good thing if the government started making you pay 100% of the cost.
Nemo- CSAT Member
- Number of posts : 464
Location : canada
Registration date : 2010-08-13
Re: VETERANS SISIP is INSURANCE, NOT INCOME. WE SHOULDN'T BE PAYING TAXES ON IT.
I went to school with Mike. Small world.
Vet1234- CSAT Member
- Number of posts : 603
Location : Ontario
Registration date : 2016-07-27
Re: VETERANS SISIP is INSURANCE, NOT INCOME. WE SHOULDN'T BE PAYING TAXES ON IT.
Folks, Insurance benefits are always taxable unless the employee pays 100% of the insurance premiums. We have never paid 100% of SISIP premiums and that's what it comes down to as far as CRA is concerned.
Cheers
Cheers
6608- CSAT Member
- Number of posts : 337
Location : NB
Registration date : 2012-06-23
VETERANS SISIP is INSURANCE, NOT INCOME. WE SHOULDN'T BE PAYING TAXES ON IT.
VETERANS SISIP is INSURANCE, NOT INCOME. WE SHOULDN'T BE PAYING TAXES ON IT.
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