Ltd considered an income?

Disability Insurance
1

Could you please advise if my self-funded 100% paid by myself Ltd insurance is considered income when applying for federal benefits? Since it is non-taxable, I do not receive a T-4 or any documentation during tax season. Does the government treat my insurance in the same manner as my CPP-D? I am attempting to determine if I would exceed the threshold for the upcoming Canada Disability Benefit in July.

Thank you for your assistance.

3

When the government wants to know your family income when applying for benefits do i calculate the insurance and part of my family income?

5

I am guessing that there will be more information as the time approaches and the application forms become available.

1 Like
6

Nope. Been on LTD and CPPD for years. My LTD is non taxable