Sentences with phrase «pension purposes if»
The basic rules in Ontario are that two people are spouses for pension purposes if they are married to each other, or they fall within one of the following two categories:
http://www.employmentandlabour.com/ Not exact matches
If an individual receives income from interest, dividends, pension proceeds, social security or unemployment benefits, alimony or child support, these do not count as earned income for purposes of the tax credit.
If you don't need those distributions — perhaps you can live on other savings, or you have a pension in addition to your IRA — the minimum distribution rules serve no purpose other than to reduce your tax benefits from the IRA.
If the trustee doesn't pay the minimum annual pension payment amount, the super income stream (that is, the TRIS) ceases for income tax purposes.
If you commenced your pension on or after 1 January 2015 then the whole balance will be deemed for income test purposes.
If you have a partner but do not include them in your retirement projection, the calculator will assess you as a single person for age pension purposes and this will give incorrect results.
If a fund fails to meet the minimum pension payment requirements in an income year, the super income stream will be taken to have ceased at the start of that income year for income tax purposes.
For instance, a pension in pay status can not be counted as income for alimony purposes if it was also a marital asset that has been divided in equitable distribution.
The practical effect of these changes is that employees who are members of a qualifying pension scheme for auto - enrolment purposes are not placed in a more favourable position if they are subsequently transferred to a new employer under TUPE.
The reciprocal exchange of information between the Superintendent and a person who has supervisory or regulatory powers under the pension benefits legislation of the designated jurisdiction if the information is necessary for the purposes of,
If the court decides your spouse should receive a share of your pension, it will execute a court order, specifically designed for that purpose, known as a Qualified Domestic Relations Order, or QDRO.