Maneisha is approaching her sunset date. She wants to confirm with you, her Financial Planner, as to
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Maneisha is approaching her sunset date. She wants to confirm with you, her Financial Planner, as to the amount of taxable income that she will be assuming when she commutes her $1454815 DB pension later this month. Her PVF is 9.0 and monthly income benefit is $7465. Assuming she has no RRSP contribution room remaining, approximately how much additional income will she be responsible for including in her upcoming tax filing, rounded to the nearest whole dollar?
Related Book For
Fundamentals Of Taxation 2016
ISBN: 9781259812774
9th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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