In November 2021, you pay Bruno, your ex-employee, a retiring allowance of $50,000. He worked...
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Accounting
In November 2021, you pay Bruno, your ex-employee, a retiring allowance of $50,000. He worked for you from 1986 to 2021 (35 years, including part-years of service). He did not contribute to a pension plan or DPSP.
Calculate the amount of retiring allowance not eligible for transfer.
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