| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
retirement allowances |
|
|
Summary:
Claimant received a retirement bonus which he directed that it be paid into an RRSP. With respect to whether this is income, it is clear that, putting aside the RRSP issue, this money arises out of claimant's former employment and comes within 57(2)(a).
| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
income |
paid into rrsp |
|
Summary:
Claimant received a retirement bonus of $8,629 and became entitled to a monthly pension of $2,274. He directed that these funds be paid into an RRSP and cannot be cashed until age 61. He argued that monies are not income under the Income Tax Act as not paid or payable to him.
With respect to whether these monies are paid or payable to him under reg. 57(2)(e), claimant's argument is untenable. The only reason the monies were paid into an RRSP is because he directed that that be done. Otherwise they would have been paid to him.
| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
income |
applicability |
|
Summary:
Any special meaning given to "income" under the Income Tax Act does not automatically apply to the interpretation of that word in the UI Act. [p._3]
