For many individuals, retirement is something to look forward to as a well-deserved rest. Unfortunately, one does not simply retire from paying taxes, and therefor also needs to plan ahead financially, and consider the taxation of amounts received upon retirement. We offer a session aimed at discussing and explaining the tax implications of lump sum amounts received in various circumstances.

This session will address matters including, but not limited to, the following: • The tax treatment of each type of lump sum covered by the Income Tax Act such as: o Benefits received upon retirement from pension, provident and retirement funds o Benefits withdrawn before, upon or after retirement from pension, provident and retirement funds o Benefits received from employers (other than fund benefits) o Transfer of benefits between funds o Limitation on withdrawal amounts for certain funds • The responsibility of the employer or fund for withholding taxes on lump sum amounts where applicable • This session does not include detailed tax planning matters, neither will it cover investment or retirement planning matters.

☒ Investment managers ☒Financial managers ☒Tax Practitioners ☒Auditors ☒Bookkeepers ☒Financial accountants