December 5th, 2007 by Questions
My spouse has been off work for 4 years and is receiving an LTD benefit each month. The insurance income is non-taxable (she paid her own premiums — not the employer) and therefore she does not report it as income on her yearly Income Tax filing. She also receives approx. $900 in CPP Disability per month. When calculating if there is surplus income, do we include the total of the insurance benefit and CPP Disability, or just the CPPD amount?
Thank you in advance for your assistance.