Tax Updates Effective January 2016
Canada’s Federal government and the following provinces/territories have announced tax changes for January 2016.
Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nunavut, Ontario, Quebec, Saskatchewan, Yukon.
CIBC Mellon will implement these changes effective January 15, 2016; therefore you may notice a slight change to the net amount of your monthly pension payments after mid-January 2016.
If you have any questions regarding the new tax rates, you can call Canada Revenue Agency toll free at their general inquiry number 1-800-959-8281 or visit their website at www.cra-arc.gc.ca.
Please note the 2015 tax slips will be mailed by mid-February.
This section of our website is dedicated to retirees receiving pension payments from their former employer’s pension plan, through CIBC Mellon.