C.I.R. v. Lo and Lo, [1984] B.T.C. 281 (PC) -- summary under Timing
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Timingaccrued retirement obligation
Each long-term employee of a law firm was entitled, upon retirement, to a lump-sum payment from the firm roughly equivalent to 1/24 of his annual...