I looked for answer to this question but couldn’t find anything apologize in advance if I overlooked it.
In my scenario my LTDI is taxed and I had asked SC to pay my LTDI plan directly any payment that I owed to them upon my CPPD approval so SC sent overpayment directly to LTDI in 2022 when CPPD was approved and they sent me a breakdown that included months in 2021 and 2022.
My T4A(P) includes amount paid to LTDI which i understand, my T4 Box 14 has the total of amount paid to me in 2022 but it is not reduced by the amount LTDI received from SC as that would have made my life easier instead I have now received an official receipt from LTDI for monies received from SC which I am suppose to claim somewhere in my taxes and for the life of me I can’t figure out where I would claim this amount.
Has anyone experienced anything similar to this or has any idea how to claim this amount on my taxes.
Doesn’t sound too complicated. At least CPP did it correctly for you! I asked CPP-D to send my LTD insurer any monies owing. I signed the form and sent it to my LTD company (as requested). They (my LTD company) NEVER SENT IT TO CPP! So when I got my lump sum, CPP sent it directly to me… was a nightmare trying to fix that.