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Lynda was paid a retiring allowance of $45,000.00 when her employment was terminated in January 2020. Lynda started with the organization in December 1983 and
Lynda was paid a retiring allowance of $45,000.00 when her employment was terminated in January 2020. Lynda started with the organization in December 1983 and joined the company pension plan in December 1986. She was fully vested when her employment was terminated. Calculate the portion of Lynda's retiring allowance that will be reported as non-eligible on the T4 information slip
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