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Taxation of benefits

In this section, the tax treatment of the following benefits is explained:

  • Contribution allocation towards retirement savings
  • Retirement benefits
  • Death benefits
  • Disability benefits
  • Resignation benefits

Click to download the Taxation of benefits guide here    

Disclaimers

In the event of a conflict of the following with the Income Tax Act, the Act will apply. The Income Tax Act is complicated and it is very important that you seek specialist advice if you have questions about the taxation of your retirement benefits.