More pensioners are being required to pay their own premiums for extended health and dental plans. There's no box on the T4A for reporting these premiums.
Back in 2005, I lobbied for a Box on the T4 to report these premiums because they are medical expense, and often, the premiums plus the amount that isn't paid by the plans is enough to make a claim for medical expenses on your tax return.
I just noticed that since 2009, Sun Life premiums are taken from Public Works and Gov't Serivces Canada, Public Service Pension cheques, and there's no Box 85 on a T4A, which is how pensions are reported. Recently, I noticed that teachers in BC will be paying premiums for their health and dental plans on retirement.
Don't you think that T4A's should include a report just like T4's and that both should be mandatory reporting? After all union dues deductions are mandatory reporting, what's with this lack of mandatory reporting when it's your hard earned dollars going to third parties!
Please write to the Federal Minister of Finance in Ottawa to support my request for Box 85 on the T4 to be extended to include a Box 85 on the T4A, and for Box 85 to be mandatory reporting by employers and pension plans for both T4's and T4A's!
Box 85 on T4... but not on T4A
8:19 PM |
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