As a result of Brians will, $100,000 is paid to his son John at the time of
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As a result of Brian’s will, $100,000 is paid to his son John at the time of Brian’s death in 2012. The $100,000 is not to be included in the income of John. However, this is not a flaw in the income tax system since the $100,000 was never allowed as a deduction for Brian for income tax purposes while he was alive. Comment.
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Related Book For
Public Finance In Canada
ISBN: 9781259030772
5th Canadian Edition
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
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