Canadian Soldiers Assistance Team (CSAT) Forum

Repayment of ELB

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Re: Repayment of ELB

Post by LawnBoy77777 on Thu 25 Aug 2016, 18:05

I would ask for the statutory authority requiring you to pay back ELB/SISIP/CF pension or whatever. They cannot do what they are doing.

I was a CRA tax collector for 16 years. Ask them for the proof you owe, certified by a judge.

CRA had it in the Income Tax Act that their bill is the same as a court order. Not CF pensions/ELB/CF pensions.

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Re: Repayment of ELB

Post by 1993firebird on Tue 23 Aug 2016, 08:31

That is where it goes and I repaid CFSA and SISIP LTD but SISIP's T4 is going to be reduced by the amount I repaid. Not sure what my CFSA T4 will reflect. Tax time is going to be hair pulling , good thing I am bald.

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Re: Repayment of ELB

Post by Guest on Mon 22 Aug 2016, 21:50

Just to confirm firebird, if dva gives us a T4A for the ELB amount repaid would you still need to put anything on line 232 or is that where the T4A details are entered on that line?

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Re: Repayment of ELB

Post by LawnBoy77777 on Fri 19 Aug 2016, 14:50

Any repayment can be claimed back as you did not get to "keep & enjoy" the property. In other words, taxed 2x on 1 lot of money

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Re: Repayment of ELB

Post by 1993firebird on Fri 19 Aug 2016, 11:48

Line 232.

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Re: Repayment of ELB

Post by LawnBoy77777 on Thu 18 Aug 2016, 14:27

ELB should be tax free

If you ever paid back SISIP/ELB etc, don't forget to get CRA to take the repayment off your income under ITA s. 8(1) & refer to the Lunn TCC case

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Re: Repayment of ELB

Post by Guest on Tue 16 Aug 2016, 21:46

Update for Firebird on the repayment of ELB back to DVA.
I spoke with DVA today and was able to have confirmed that we will be receiving a T4A as well as a letter from DVA outlining our particulars in the new year for tax season. I am glad to finally have a definitive answer from DVA as I was previously unable to get one. I thought I would share this with you as I know you are in a similar scenario.

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Re: Repayment of ELB

Post by 1993firebird on Fri 26 Feb 2016, 19:02

Mine was $52,373.44. Unless Nav is a maritimer , I think that is enough.

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Re: Repayment of ELB

Post by Ex Member on Fri 26 Feb 2016, 17:20

LMAO @Sparrow/are you sure there would be enough to cover navs tab.

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Re: Repayment of ELB

Post by Ex Member on Fri 26 Feb 2016, 17:12

I hear you firebird. We could have done a csat med cruise with the money we paid back for ELB to DVA and I could have paid off Nav's Legion tab.

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Re: Repayment of ELB

Post by 1993firebird on Fri 26 Feb 2016, 16:36

Well I have brought a bank draft to my local VAC office for the repayment of my ELB for them to mail internally to Kirkland Lake. I should have gone to Mexico instead and had an awesome party. LOL

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Re: Repayment of ELB

Post by 1993firebird on Sat 20 Feb 2016, 15:01

I received documents from VAC for the amount of ELB that I must repay , just waiting for contact with where I send it to.

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Re: Repayment of ELB

Post by 1993firebird on Sat 06 Feb 2016, 08:31

Very Happy

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Re: Repayment of ELB

Post by Ex Member on Fri 05 Feb 2016, 20:58

Thank you for all the input, it really helps as we are in the same situation as firebird.

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Re: Repayment of ELB

Post by 1993firebird on Fri 05 Feb 2016, 19:01

yes.

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Re: Repayment of ELB

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