I think I would pay off any debts (car loans, credit cards, etc) max out RRSPs and TFSAs and put the rest on the mortgage. That would seem to incur the least amount of tax-pain. Maybe take a portion, like $15k and do something fun. Not hookers and blow fun, but something to enjoy the winning.
You should probably talk to a tax person. There might be trusts and what not you could set up so any investments you make wouldn't become a huge hassle when you do your taxes.
Re: beers, that sounds like a good idea.
|