Hi Folks,
Last Friday – February 28th – the board sent out a email to everyone that included a letter with the amounts of your retro payment broken down by tax year. The subject line of the email was “THIS IS A TEST”. On Saturday, they sent out an email explaining that the subject line was a mistake. Many of you may have thought this could be one of the IT email tests that they send out and may have deleted it. The totals on the letters did not always match the totals on the retro payment pay stub. Please check your letter. They have told me that they will be looking at the letters and sending them out again. Hopefully in the next few days.
Once correct, these letters can be used to fill out the T1198 when you do your taxes to have these amounts calculated at the tax rates for those years. If you find that the total on your letter does not match the total on your retro pay stub, please let me know. Once you get the letter a second time, please make sure that the numbers match those on your retro pay stub. If there are any recalculations that need to take place on your retro pay, that money will be included on the 2025 tax year T4.
Please make sure that you keep the letters in case of an audit.
In Solidarity,
Tracey
President