Taxable/Non-Taxable Disability Benefits

Beginning September 1, 2005, for schools participating in the Non-Taxable Disability Benefit Plan, the amount each participant must contribute monthly toward the premium is 1.294% of salary in Ontario or 1.198% of salary in other provinces. This amount is equal to the Long Term and Short Term Disability portions of the premium. Add the cost of the LTD cost-of-living benefit upgrade and/or the cost of the non-tax disability benefit upgrade, if selected.

Full Issue: No. 295 - May 25, 2005

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