STBX and I have a great relationship. Questions re CS
He makes over 150K and has a DB pension plan that results in a large Pension Adjustment each year (Public Sector Executive). The employer share of the DB plan is not included in his T4. PA limits RRSP to a small amount. He contributes 12k to the plan and his PA is about 20k.
1)This is bit of a stretch, but should there be some income imputted for the economic benefit received as being part of the DB plan? My employer has no such plan and we are using my T4 amounts as my income. So, my amounts include my retirement savings - his do not. I suggested imputting 8K (net of the 2 #s) - to which he said this violated the spirit of the FCSG. PS: those who know about the government DB plans know that this is VERY conservative estimate of the value associated with the employer contributions.
2) he is arguing that there is a clause that allows income above 150k to not be counted for CS purposes. Can he do this. When would this be applicable?
He makes over 150K and has a DB pension plan that results in a large Pension Adjustment each year (Public Sector Executive). The employer share of the DB plan is not included in his T4. PA limits RRSP to a small amount. He contributes 12k to the plan and his PA is about 20k.
1)This is bit of a stretch, but should there be some income imputted for the economic benefit received as being part of the DB plan? My employer has no such plan and we are using my T4 amounts as my income. So, my amounts include my retirement savings - his do not. I suggested imputting 8K (net of the 2 #s) - to which he said this violated the spirit of the FCSG. PS: those who know about the government DB plans know that this is VERY conservative estimate of the value associated with the employer contributions.
2) he is arguing that there is a clause that allows income above 150k to not be counted for CS purposes. Can he do this. When would this be applicable?
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