Keep your banking information up-to-date!
It is important to keep your banking information up-to-date to ensure there are no interruptions in your pension payments. If you make changes to your banking information, please complete a Direct Deposit Form. Return the completed Direct Deposit Form to us, along with a updated void cheque.
Income Tax deductions
Income tax is the only mandatory deduction from your pension. The amount is based on the TD1 Canada Revenue Agency Personal Tax Credit Return which you file with us when you retire. If you would like to have additional income tax deducted from your monthly pension benefit, please click here and download our Tax Adjustment Form (FORM.0101) from our forms page and return it to our office.
When is my pension payment made?
Pension payments will be deposited directly to your bank account on the third last banking day of each month. Click here to view pension payment dates.
Any requests for changes to pension payments, such as banking information or income tax deductions, must be submitted to us prior to the last day of the month for them to be implemented the following month.