Retiring Allowances

Income Tax Folio S2-F1-C2, Retiring Allowances Series 2: Employers and Employees Folio 1: Specific Plans Offered by Employers to Employees Chapter 2: Retiring Allowances Summary This Chapter discusses the taxation of retiring allowances. A retiring allowance is an amount received on or after the retirement of an employee in recognition of long service or in respect of a loss of […]