February 22, 2012
In the coming weeks, you will receive T4 or T4A slips (or R1 slips if you reside in Quebec), in respect of the various sources of Nortel income that you received in 2011. Depending on the types of payments you received in 2011, you may receive more than one T4A related to Nortel.
Individuals who received payments in 2011 from Nortel’s registered pension plans will receive a tax slip issued by Northern Trust. The Payee name on this slip will refer to ‘TNTC as paying agent’ and also should make reference to the Nortel Networks Pension Plans. These tax slips were mailed last week, so please watch your mail.
You will receive separate T4A, T4 or R1 slips for other payments you may have received by or through Nortel in 2011, including certain distributions from the Nortel Health and Welfare Trust. Please note that the tax slip(s) you receive will not include any HWT distribution amounts that you received on account of LTD income benefits. Your tax slip will include amounts you received from the HWT on account of LTD Life, LTD Optional Life or Pensioner Life, as these amounts are subject to tax. These tax slips will be mailed on or before February 29, 2012. You should not expect to receive your tax slip(s) related to these payments until early March of 2012.