Michelle was paid a retiring allowance of $72,000.00 when her employment was terminated in February 2021. Michelle started with the organization in June 1978 and joined the company pension plan in June 1980. She was fully vested when her employment was terminated.

Calculate the portion of Michelle's retiring allowance that will be reported as non-eligible on her T4 information slip.

Answer rating: 100% (QA)

The noneligible amount 72000 42000 30000 the difference between the allo... View the full answer