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Q:
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Who
is eligible to contribute to the Voluntary Contributions
Plan? |
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A: |
You
may make contributions to the Voluntary Plan if you are
currently contributing to the Teachers' Superannuation
Fund. Retirees are not eligible. There is a maximum allowable
amount which is recalculated yearly. There is no limit
that can be transferred from an RRSP. |
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Q:
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Why
didn't I receive a receipt for the payment that I made?
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A: |
If
your payment was made by a personal cheque, you will receive
a T4A slip in the mail in February. You will receive a
completed copy of the T2033(E) if you transferred your
payment from an RRSP's. |
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Q:
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If
I pay for service with a personal cheque is the payment
tax deductible? |
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A: |
Generally,
tax deductibility is very limited, however it does depend
upon when the service being purchased was rendered, and
the amount of your current years' school board contributions.
Please contact your local taxation office to discuss the
rules and guidelines. |
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Q:
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Can
I use my RRSP's to make a purchase? |
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A: |
Due
to the restriction on deductibility for personal cheques,
a transfer from your RRSP is generally advised. You will
need to contact us to request a T2033E form, complete
it, and then forward it to your RRSP institution. They
will directly transfer the funds to us. You will receive
notification when the transfer has been completed. |
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