Hey everyone. I know there’s lots of threads on this. But I have a question that I can’t find the answer too.
So I finally got approved and got the lump sum. I’d like to not pay tax on it.
However. There’s a provincial program that I’m going to apply for that provides benefits based on income of previous years.
So, my question basically is when they retroactively apply the taxes, does anyone know if they spread it out over the years it was earned, just stick it in whatever year it fits in, or can I tell them.
Also, just confirming that I just have to call them to make this all happen as well.
Thanks for all the help you all provide.