TAX QUESTIONS? YOU ASK LAH!

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Q: Is retirement gratuity received taxable?

A: Retirement gratuity received after reaching the retiring age of 55 or other compulsory age of retirement specified under any written law from an employment which had lasted 10 years with the same employer or with companies in the same group will be tax exempt.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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