Does Transitional Assistance Program funding count as taxable income?
A. Yes. This is one reason why some recipients choose to have some or all of their funding deposited directly into their Registered Retirement Savings Plan (RRSP) or spousal or common-law RRSP. You must have RRSP contribution room available to have that option. We strongly encourage you to get professional financial advice if you have questions about how Transitional Assistance Program funding may affect your taxes or other financial circumstances.
