Question: Michelle started working for Quick Solutions located in Regina, Saskatchewan, on June 1, 1983. She joined the company's defined contribution registered pension plan on January

 Michelle started working for Quick Solutions located in Regina, Saskatchewan, on

Michelle started working for Quick Solutions located in Regina, Saskatchewan, on June 1, 1983. She joined the company's defined contribution registered pension plan on January 1, 1986 and was fully vested in this plan when her employment was terminated in October, 2020. As part of the termination package, Michelle received a retiring allowance of $67,400.00. Michelle had asked her employer to transfer the entire eligible amount to a RRSP and took the non-eligible amount in cash. Calculate the eligible and non-eligible portions of Michelle's retiring allowance as well as the income tax withheld on the amount received in cash. Include these amounts when completing Michelle's T4 slip. The $23,890.00 income tax shown on the year-end payroll register does not include the tax amount withheld on the retiring allowance. Complete Michelle's T4 using the information from the year-end payroll register. Note: The boxes in the Other Information area of the T4 must be completed in numerical

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