Retiring Allowance

end-of-career allowance was retiring allowance

retiring allowances can be paid in instalments over an extended period of years

retiring allowance can be received in instalments and well in advance of planned termination date

damages for loss of income from employment due to discrimination were not a retiring allowance or otherwise taxable

compensation under the CHRA for lost wages and expenses would be a retiring allowance – reasonable (e.g., under $5,000) compensation for pain and suffering would be non-taxable

if no guarantee or offer of new employment, the individual has retired

bifurcation of termination payment into s. 5 payment in lieu, and excess as retiring allowance

severance was a retiring allowance even though the employee was hired by another municipality that had agreed to take over the municipal functions of her first employer

damages for failure to reinstate the taxpayer were a retiring allowance

instalments paid to terminated employee will be treated as s. 5 income if they are treated as employment income for CPP/EI purposes or as eligible for pension plan service years