Box 107 - Payments from a wage-loss replacement plan

This amount is income from a wage-loss replacement plan not fully funded by employee premiums.

The amount received from a plan, under which the employer has made a contribution, that is more than contributions made by you to the plan after 1967 is taxable. You must report on line 104 of your return the total wage-loss replacement income identified on your T4A slip, minus any contributions you made that you have not claimed in previous years.

You may have received a lump-sum payment from a wage-loss replacement plan, parts of which were for previous years after 1977. You must report the total amount in the year you receive the payment. If the lump-sum payment is $3,000 or more (not including interest) and relates to years throughout which you were resident in Canada, you can request that these payments be taxed as if you received them in the previous years.

To make this request, attach to your paper return all completed copies of Form T1198, Statement of Qualifying Retroactive Lump-Sum Payment, that payers have given you. This calculation will be made only if it is beneficial to you, and you will be advised of the results on your notice of assessment or notice of reassessment.

For more information, see Interpretation Bulletin IT-428 Wage Loss Replacement Plans.

If you have any questions about the amounts shown on your T4A slip, contact the issuer of the slip.

Date modified:

2016-01-05