Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!
Q: For government servants who apply for early retirement, do they need to declare the gratuities received?
A: Yes, all gratuities received are taxable and have to be declared. However, there are certain exemptions given to certain gratuities, depending on whether the conditions are fulfilled.
Wishing you plentiful tax savings!
YYC Tax Guru