Words and Phrases - "in lieu of"
2 April 2019 Internal T.I. 2016-0649821I7 F - Unclaimed superannuation or pension benefits
Summary UnderTax Topics - Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(a) - Subparagraph 56(1)(a)(i)
subsequent year’s payment of benefit to a previously-unidentified beneficiary is only income in that year as an “in lieu of” pension amount
Words and Phrasesin lieu of
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|Tax Topics - General Concepts - Payment & Receipt||amount received in Year 2 in lieu of pension benefit includes source deductions in Year 1||362|