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I recently heard about a "retiring" allowance. I retired on Dec 19, 2024 and I am wondering if I qualify for this allowance. I was a full time salary employee from Dec 2001 until I transitioned to part time hourly on Jan 4 2021 on a contract basis working 3 days a week. Do I qualify for this allowance?
A voluntary retirement does not result in any kind of termination/severance/notice entitlement for the person who retired. As such, the concept of "retiring allowance" does not apply to your circumstances, notwithstanding the CRA terminology, assuming your retirement was not forced by the employer.