Transitional Assistance Program
Source Deductions
We are required to deduct the following amounts for
income tax from all cash payments of Transitional
Assistance Program funding:
- On the first $5,000.00 or less, we deduct ten per cent.
- On amounts from $5,000.01 to $15,000.00, we deduct 20
per cent.
- On amounts of $15,000.01 and up, we deduct 30 per
cent.
These source deductions are not marked on the cheque(s)
you receive, but will appear on the T4A tax slip you
will receive.
Deductions are not taken from funding you direct us to
deposit directly into a Registered Retirement Savings
Plan (RRSP).
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
|
|
