If you ever receive a bonus, you can defer it up to 3 years. This may make sense for you, if you expect the bonus will put you in a higher tax bracket for the year you receive it.
Have questions?
Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
Are you retired and still working? Stop paying for CPP: “If you’re 65 or older, and plan to continue working, you can choose not to contribute to CPP by completing Form CPT30 Election to stop contributing to the Canadian Pension Plan, or Revocation of a Prior Election.”
Have questions?
Have questions?
Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
