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 pay 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 copyright fees and royalties
- 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.