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The Ministry distinguishes between earned and unearned income for the purpose of the net income calculation. | The Ministry distinguishes between earned and unearned income for the purpose of the net income calculation. | ||
''' | '''Earned Income.''' EAR, s 1 and EAPWDR, s 1 define “earned income” as: | ||
*Any money or value received in exchange for work or the provision of a service | *Any money or value received in exchange for work or the provision of a service | ||
*Pension plan contributions refunded because of insufficient contribution to create a pension | *Pension plan contributions refunded because of insufficient contribution to create a pension | ||
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*Money or value received from renting rooms that are common to and part of a person’s place of residence | *Money or value received from renting rooms that are common to and part of a person’s place of residence | ||
''' | '''Unearned Income.''' EAR, s 1 and EAPWDR, s 1 define “unearned income” as any income that is not earned income. They give a non-exhaustive list of examples including: | ||
*Any type of CPP benefits | *Any type of CPP benefits | ||
*WCB benefits and other disability payments and pensions | *WCB benefits and other disability payments and pensions | ||
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*Criminal injury compensation or crime victim compensation | *Criminal injury compensation or crime victim compensation | ||
*“Any other financial awards or compensation” | *“Any other financial awards or compensation” | ||
*Funds received from a sponsor under a sponsorship agreement pursuant to the ''Immigration and Refugee Protection Act''. | *Funds received from a sponsor under a sponsorship agreement pursuant to the ''Immigration and Refugee Protection Act''. | ||
=== 2. Deductions and Exemptions from Income === | === 2. Deductions and Exemptions from Income === |
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