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Question: your organization is opening a new branch 150 kilometres north...

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Your organization is opening a new branch 150 kilometres north of the head office location and is anxious to attract skilled employees from the head office location to the new facility. In an attempt to attract interest, employees willing to permanently transfer to the new location are being offered a home purchase loan to assist with the costs of the move. The General Manager has asked you to prepare a memo explaining the the taxable benefit that could arise when employee takes advantage of this offer.

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