Transitional Assistance Program

The program’s final application period ended on August 31, 2009.

Applications are no longer being accepted.

Once You Are Approved

If your application for Transitional Assistance Program funding is approved, we send you a package of documents informing you of this and asking for additional information. This package will include a letter informing you of program approval and a worksheet showing how your Transitional Assistance Program funding was calculated.

The package also includes three important forms, which must be filled out, signed and returned to us before we can arrange for you to receive your funding. To do this, you must follow the following four steps:

1.  Make three key decisions. Among the decisions you will need to make once your application is approved are the following:
   •  Choosing a resignation/retirement date – For most applicants, the date you choose must be on or before October 31, 2009. The only exceptions are those who turn 60 between November 1 and December 31, 2009, whose resignation date must be on or before December 31, 2009. Click here for more information on choosing a resignation/retirement date.
   • Choosing when to receive payment – You may choose to receive some or all of your funding in two different time periods. Click here for more information on the timing of benefit payments.
   • Choosing cash and/or RRSP deposits – You may have the option to receive all of your payments as cash or some part or all in the form of Registered Retirement Savings Plan (RRSP) deposits. Click here for more information on receiving funding as RRSP deposits.
2. Fill out and sign three forms. You must fill out and sign a Direction to Pay form, an Employer and Employee Resignation/Retirement Agreement and a Declaration form. We send copies of these forms to all successful applicants. Click here for instructions on how to fill out these forms.
3. Gather any necessary supporting documents. We also may need additional documents from you, depending on your individual situation. Click here for more information on additional documents that may be required.
4. Send us the forms and supporting documents. The three forms you send us must be signed original documents. The supporting documents should be photocopies of your original documents. Send these documents to the following address:
   
   Ministry of Community and Rural Development
   Community Development Trust
   PO Box 9595 Stn Prov Govt
   Victoria, BC V8W 9K4
   ________________________________________
   

Other things you should know about the payment(s) you will receive as a successful Transitional Assistance Program applicant include the following:

• We are required to deduct an amount for income tax from all cash payments. These source deductions are not indicated on your cheque(s), but will appear on the T4A tax slip you will receive. Click here to see the amount of source deductions we will deduct.
• We strongly encourage you to seek professional financial advice if you are unsure about the tax and other financial implications of receiving Transitional Assistance Program funding. Program staff are not able (or qualified) to provide you with this type of advice.
  

For more information about the Community Development Trust:

• 1-877-238-8882 from B.C. communities outside Victoria
• 250-387-5349 from Victoria
• email: cdt@gov.bc.ca