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Ending Pension Discrimination |
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Retirement Compensation Arrangements (RCAs) are defined
under subsection 248(1) of the Income Tax Act, which allows 100 per cent
tax-deductible corporate dollars to be deposited into an RCA, on behalf of
the private business owner and/or key employee. No tax is paid by the
owner/employee until benefits are received at retirement. |
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Payments from the RCA combined
with those from your RRSP, Individual Pension Plan and/or Registered Pension
Plan provide the total desired pension. |
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