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Is an IFA refund obtained by a specialist considered a benefit of employment under the Income Tax Act?

April 26, 2017ACT benefit employment IFA obtained refund specialist

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Is an IFA refund obtained by a specialist considered a benefit of employment under the Income Tax Act?

1 Answer

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The Canada Revenue Agency (CRA) has ruled that a refund received by an IFA specialist under the IFA program is not received by virtue of the individual’s employment and does not have to be included in the individual’s income under the Income Tax Act.