Spectral Medical Inc T.EDT

Question for AccountPrince

[money4golf]

If I get a $6.5 M bonus today from work and put it in the bank, do I only need to claim a tiny portion to CRA each year even if I spend it? Just trying to figure out what to do in case.

[Accountprince]

This is a very delicate matter.  First, did the bonus arrangement paperwork receive a heavily redacted treatment by all parties?  If yes then just tell CRA they aren't entitled to the details except what the parties choose to reveal.  Follow what Jack Nicholson said in his famous "You can't handle the truth" line. Just because you can spend the bonus like a