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Seniors Canada On-line
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Canada's Trusted Information Source for Seniors, Caregivers, Families and Service Providers.
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I took early retirement from CN in 1991. I was offered the "integrated pension" which included an extra $110.00 per month for the ten years until I would be 65. I thought this was an incentive to take retiremnt at 55. However, I was devastated to learn that the day I turned 65,my cn pension was reduced by $443.00 per month (the amount of the OAS monthly payment) for the rest of my life! For the approximatey $12,000 I received over that ten year period from CN,I will repay $53,000 and over $100,000 if I live to be 85! Can anyone advise if I can at least claim any of this money as a tax deduction or get any sort of tax credit? Any comments or advice would be appreciated. Thank you.
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Posted at 2004-01-17 08:23
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Hello,
For your specific situation I would recommend that you contact the Government of Canada toll-free service line at 1 800 O-CANADA (1 800 622-6232 - (TTY-TDD: 1 800 465-7735) or by e-mail at seniors-aines@communication.gc.ca
For reasons of security and privacy, do not to send any personal or confidential information, such as your social insurance number, home or business address, or departmentally-assigned case or file numbers.
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Posted at 2004-05-18 11:41
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