Receiving dividends and CPPD


#1

I am a shareholder in my husbands company and receive dividends. I am also on CPPD and LTD. Does receiving dividends impact my CPPD?
Thank you


#2

I don’t think they do.
Only employment income might.


#3

CPP disability is not concerned with income you receive, but rather your capacity to earn income, and employment income. If you lack the capacity to earn income, then technically you still qualify for CPP disability even though you may be earning employment income — yes, believe it or not we once won a case for a woman who was earning over the gainful income amount, but we were able to show that this was an unusual situation of a benevolent employer. She was not capable of doing the work and essemtially was being paid for doing nothing.

In your case dividends are passive income (not employment income), which CPPD will not be concerned with. However, it can raise flags on whether you are actually doing work and you are being paid as dividends to hide that fact. So as long as you aren’t cooking the books, you should be fine. :grinning:


David Brannen

Disability Lawyer with Resolute Legal

The response posted above is based on the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with a lawyer, fully explain your situation, and allow the lawyer enough time to research the applicable law and facts required to give an adequate opinion. The basic information provided above is intended as a public service only, a full one-on-one discussion with a lawyer should be done before taking any any action. The information posted on this forum is available to the viewing public and is not intended to create a lawyer client relationship with any person. If you want one-on-one advice, please click here to request a free consultation or call toll free 1-877-282-5188 to speak with a member with our disability claim support team.