Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
earnings |
retirement allowances |
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Summary:
An amount equal to claimant's annual pensionable salary was part of an incentive package which he used, along with money he borrowed, to purchase 20 years of pensionable service so as to provide himself with an annual pension. Not taxed as income by Revenue Canada.
Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
reconsideration of claim |
errors by Commission |
not a ground of entitlement |
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Summary:
Even if the source of his belief was the incorrect advice given to him, it still would not alter the result that incentive monies are earnings for neither the CEIC staff, Boards nor Umpires can change the application of the Act to the circumstances of any particular claim.
Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
earnings |
income |
paid to third party |
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Summary:
Claimant directed that an amount about to be received as part of an incentive package be used to purchase 20 years of pensionable service so as to provide himself with an annual pension. This does not alter the characterization of the incentive payment as earnings in his hands.