You must file a return for 2016 if: You have to pay tax for 2016. We sent you a request to file a return. You and your spouse or common-law partner elected to split pension income for 2016. See lines 115, 116, 129, and 210. You received working income tax benefit advance payments in 2016.
The minimum number of points to be eligible for retirement at the age of 60 with 20 qualifying years of service is 1,000 (50 points per year) with a corresponding retirement pay equal to 6.94 percent (1,000/360 x 2.5=6.94%) of basic pay.
But no matter the job market, how and when you resign can have significant short- and long-term impacts on your finances. Take these four smart steps before handing in your resignation: Beef up your emergency fund. You should always aim to have at least three to six monthsâ worth of reserves on hand. But if you want to leave your job without something new in place, youâll want to save up much more than that. âPack away as much as you can,â says John Ellis, a certified public accountant in Long Beach, Cal.