Retirement compensation arrangements
id:
retirement-compensation-arrangements-284-2189758
title:
Retirement compensation arrangements
text:
Retirement compensation arrangements (RCAs) are defined under subsection 248(1) of the Canadian 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. Contributions to an RCA should not exceed what is required to fund the "entitlement" under the "generally accepted guidelines" for pensions, which are: Failure
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Retirement_compensation_arrangements
date created:
date modified:
2019-10-15T14:04:28Z
main entity:
{"identifier":"Q7316826","url":"https://www.wikidata.org/entity/Q7316826"}
image:
fields total:
13
integrity:
13