Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
earnings |
income |
paid or payable |
|
Summary:
Claimant's submission is that having invested the sum of $28,000 in a RRSP, that amount should be eliminated from the allocation process. Held by Umpire that the monies paid to the claimant were not subject to any restrictions or conditions. The money claimant paid into a RRSP was the result of a personal decision to employ some of his money in that way. That investment was not forced upon him. The monies were paid to claimant by his employer and had to be allocated pursuant to SS.36(9) of EIR.
Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
earnings |
income |
paid into rrsp |
|
Summary:
Claimant's submission is that having invested the sum of $28,000 in a RRSP, that amount should be eliminated from the allocation process. Held by Umpire that the monies paid to the claimant were not subject to any restrictions or conditions. The money claimant paid into a RRSP was the result of a personal decision to employ some of his money in that way. That investment was not forced upon him. The monies were paid to claimant by his employer and had to be allocated pursuant to SS.36(9) of EIR.