Does Lump-sum payments count as income under Low Income Cut Off ? I am applying for PGP 2025:
- My Wife left her job at a Canadian hospital in Oct 2023
- As per one of her 2024 T4A, she received approx 10K as "Lump-sum payments - line 13000" from "Healthcare of Ontaio Pension Plan"
- As per our accountant advice earlier, she has filed her 2024 taxes considering this as income and no onjections was raised by CRA
My doubt is:
- Will CIC raise any objections to this income in 2024 if we are counting this under LICO?