Income for adjustment

‘Income for adjustment’ includes all your earnings from work. Income is adjusted based on gross amounts.

Income for adjustment includes, for example,

• basic pay and any applicable supplements and allowances
• holiday bonus and holiday compensation
• annual holiday pay for part-time work
• pay for the period of notice for part-time work
• performance-based pay such as commissions and bonuses
• employer’s endowment insurance contributions
• taxable portion of employer’s voluntary purchased life annuity contributions
• cash withdrawals from a flexible working time account
• intellectual property remunerations such as royalties and operation fees
• income from running a business or self-employment
• earnings from dividends
• taxable portion of scholarships or grants paid by the employer
• remuneration for acting as shop steward or occupational safety and health representative
• remunerations equivalent to pay
• taxable earnings from forestry
• taxable earnings from agriculture and
• earnings from reindeer husbandry.

Income earned from full-time work over a period of more than two weeks or from running a business full-time for longer than two weeks will not be taken into account in the adjustment.

Income earned over a period during which you were not entitled to an earnings-related allowance may not need to be taken into account in the adjustment. Examples of income that will not be taken into account include income earned during a mandatory waiting period imposed by the TE Office and income earned from full-time work over a period of more than two weeks. However, any income that you earned while not signed up as a job-seeker with the TE Office will be taken into account in the adjustment.