Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
July 30, 1998
B. Holloway Roberta Albert
Director 957-2100
Business Returns Processing Division
Attention: Joe Hartwick
Information Returns Section
7-981731
Ontario Workers’ Compensation Board (WCB) - Pension Fund
We are responding to your request of June 26, 1998 (your reference numbers HDV-89758-3-4-3 & 6), wherein your requested our views on the reporting requirements for payments from a pension fund established by the Ontario WCB.
In response to your request, we are attaching a letter which we have recently written to the WCB concerning this issue. In our view, as with the similar plan established by New Brunswick (our file numbers 911321 & 913191), payments to be made from this plan will fall within the definition of “superannuation or pension benefit” as this term is defined in subsection 248(1) of the Income Tax Act (the “Act”). As a result, these payments should be included in income under subparagraph 56(1)(a)(i) of the Act and reported on form T4A.
B.W. Dath
Director
Business & Publications Division
Income Tax Rulings & Interpretations Directorate
Enclosure
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1998
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1998
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