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Is it possible to obtain a tax reduction on the $4000 lump sum payment?

April 26, 2017lump obtain payment possible reduction tax

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Is it possible to obtain a tax reduction on the $4000 lump sum payment?

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The following are the federal and provincial income tax forms you can complete and print: – T-1213 – Federal Request to Reduce Tax Deductions at Source – TP-1016 – Provincial (Québec) Application for a Reduction in Source Deductions of Income Tax For those who are interested, it is important that you act quickly because it can take from 20 to 30 working days at Customer Services to process the request for tax relief. You must then send the documents to Compensation Services for action. Checks could already be issued if you do not act quickly.