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Are Annuity Payments Includable Income

PostPosted: Fri Mar 02, 2018 3:02 pm
by brykaczewski
Q: For the purposes of income calculation, are annuity payments considered includable or excludable? TEGL 12-06 does not specifically mention annuities....perhaps it is included under "retirement income" ?

Re: Are Annuity Payments Includable Income?

PostPosted: Fri Mar 02, 2018 7:51 pm
by charteroakadmin
Yes, annuity payments are listed under (J) Pension or retirement Income in Attachment I of TEGL 12-06. They are includable income