Commutative Property. An operation is commutative if you can change the order of the numbers involved without changing the result. Addition and multiplication are both commutative. Subtraction is not commutative: 2 - 1 is not equal to 1 - 2. Here are some examples of the commutative properties of addition and multiplication: 88 + 65 = 65 + 88. 153 = 153.
Another consideration is that SBP premiums reduce the retiree's taxable income and reduce out-of-pocket costs for coverage. SBP benefits are taxed as income to the survivor however the tax rate upon receipt of the annuity will generally be less than the member's current tax rate. Most insurance plans are the reverse; premiums are paid from after-tax income, while survivors are not taxed on the proceeds.
Report the refund of RRSP contributions on line 129 of your income tax and benefit return. If you received a refund of your PRPP contributions, report those amounts on line 130. Refunded SPP contributions are reported on line 115 of your income tax and benefit return. You may be able to claim a deduction on line 232.ot including transfers, if you have made deductible RRSP contributions for 2014 from March 4, 2014 to March 2, 2015, or deductible PRPP contributions from January 1, 2014 to March 2, 2015, you do not have to claim the full amount on line 208 of your 2014 income tax and benefit return.