Question: In Canada, an eligible retiring allowance refers to specific types of payments made to an employee upon retirement or termination that qualify for special tax
In Canada, an "eligible retiring allowance" refers to specific types of
payments made to an employee upon retirement or termination that qualify
for special tax treatment. These payments can be transferred directly to a
registered retirement savings plan RRSP or a registered pension plan
RPP without being immediately taxed.
True or False?
True
False
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