Retiring allowances are treated as lump-sum payments. You have to deduct income tax from a retiring allowance unless it is paid directly into a registered retirement savings plan (RRSP) or a ...
If in the 2024 tax year, you received a retroactive payment of $3,000 or more from arbitration awards related to Ontario Bill 124, it is considered a Qualifying Retroactive Lump-Sum Payment (QRLSP).
Excel doesn’t have a direct equivalent. To achieve the same result, you’d either have to piece together complex formulas with functions like SEARCH or write custom VBA scripts. While those approaches ...
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