Supplemental Pension Plans Secured with a Letter of Credit may Soon Receive Much Anticipated Refundable

On November 30, 2023, the federal government introduced Bill C-59, Fall Economic Statement Implementation Act, 2023 Bill C-59, which included proposed amendments to the Income Tax Act Canada ITA to implement changes respecting the treatment of retirement compensation arrangements RCAs that had previously been announced as part of the 2023 Federal Budget.

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