Question
In November 2021, you pay Bruno, your ex-employee, a retiring allowance of $50,000. He worked for you from 1986 to 2021 (35 years, including part-years
In November 2021, you pay Bruno, your ex-employee, a retiring allowance of $50,000. He worked for you from 1986 to 2021 (35 years, including part-years of service). He did not contribute to a pension plan or DPSP.
Calculate the amount of retiring allowance not eligible for transfer.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
