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    LICO for 2018

    Yes i have talked to my accountant last night and we reviewed all the documents we filed in 2016, and true enough it was not included. So his going to do the tax readjusment and will send it to CRA online. Regarding if it can be added as income for LICO I am not sure still, but I read on one of...
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    LICO for 2018

    It is a group RRSp for sunlife, where i contribute every month and my company contribute a small percentage. When I resigned from that company in 2016, I decided to cash out the money i saved from that group RRsp.They send me the cheque and I deposited it in my bank.
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    LICO for 2018

  4. I

    LICO for 2018

    Hi thank you for the reply, im not claiming any income under the old age security act. I am trying to confirm and ask any thoughts from everyone who is familiar with Group RRsp if it can be counted as income to meet the LICO. Thanks again!
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    LICO for 2018

    This the only explanation i could find online. Is the group RRSP fall under Old Age Security Act? The sponsor’s income and the co-signer’s income, if applicable, is the income earned as reported in the NOA or Option C printout, not including: any provincial allowance received by the sponsor...
  6. I

    LICO for 2018

    Im not sure as well if group RRSP can be added as income for LICO. I hope someone can share their thoughts regarding this matter. Thanks again!
  7. I

    LICO for 2018

    Thank you so much. I am talking to my accountant now and his going to do the adjustment for my tax. Thanks a lot I appreciated all your help and input.
  8. I

    LICO for 2018

    My brother is 16years old now and will be 17 in Jan. Rob, is there any way that I can add the amount i get from my group insurance which i failed to include when i filed my income tax last year. This amount will be a great help to add on my 2016 LICo, i only need 3k to reach the cut off. I...
  9. I

    LICO for 2018

    Yes my husband will co sign for me but will not meet the LICO if they will count 7 people for 2015 and 2016. This is so sad and will wait for another 3years to meet the income.
  10. I

    LICO for 2018

    Hi everyone, i am a new member of this forum and been reading a lot lately but couldn't find the answer to my queries. I hope someone can enlighten me regarding sponsorship issues and LICo. I am planning to sponsor my parents in 2018 and hopefully will be chosen and given the chance to apply. I...