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Similar to query SPG answered yesterday- My client has received a T4A for 13 from her deceased husband's pension fund Box 28 to cover medical premiums. This year the Cameco Corp. pension fund "de-mutualized" (or what ever pension funds do)she received a T4A with her dceased husbands SIN # made out to his estate showing up in box 18 as a lump sum payment. I contend that after 14 years the Corp is in error & should not be creating an estate trust arrangement & the slip is incorrect any comments. CRA seemed to agree
Bob Kerr
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Pension Fund Payout
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#2
samhill 
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Posted 08 March 2011 - 05:09 PM
Bob Kerr, on 08 March 2011 - 08:38 AM, said:
Similar to query SPG answered yesterday- My client has received a T4A for 13 from her deceased husband's pension fund Box 28 to cover medical premiums. This year the Cameco Corp. pension fund "de-mutualized" (or what ever pension funds do)she received a T4A with her dceased husbands SIN # made out to his estate showing up in box 18 as a lump sum payment. I contend that after 14 years the Corp is in error & should not be creating an estate trust arrangement & the slip is incorrect any comments. CRA seemed to agree
Bob Kerr
Bob Kerr
Bob, did the estate receive a clearance certificate?
If it received one, then CRA can take a hike.
#3
Bob Kerr
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Posted 08 March 2011 - 05:20 PM
samhill, on 08 March 2011 - 09:09 AM, said:
Bob, did the estate receive a clearance certificate?
If it received one, then CRA can take a hike.
If it received one, then CRA can take a hike.
Samhill
I don't the client is new but she is the only beneficary to the estate so I assume after 14 years a certificate would have been issued. My feeling the corporation is in error & the T4A should have been issued to her.
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JohnV
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Posted 08 March 2011 - 10:58 PM
Im assuming this is some kind of survivor benefit out of cameco's pension or union plan and the question was one of a potentially incorrectly issued slip to the estate vs the wife.
I'd take the slip and file it with the wife's return, and contact the issuer to not make the error again...or get a replacement slip.
Either way, she needs to report the income.
I'd take the slip and file it with the wife's return, and contact the issuer to not make the error again...or get a replacement slip.
Either way, she needs to report the income.
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