Unfortunately, our financial institutions have not always acted as ethically as we consumers would like.
Whether you’ve received bad advice or paid for advice you didn’t receive at all, our supervisory and regulatory bodies have sought not only to improve the system so it won’t happen again but also to ensure that if you are on the receiving end of such bad behavior, you could be entitled to receive financial
restitution.
If you’ve recently received a compensation payment, you might be wondering whether you need to pay tax on it.
The answer is – it depends!
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