Quote:
Originally Posted by fotze
Are there ways to kind of defer/hide income if you get a big glut such as exercising options, other than maxing out RRSP's and donating to charity? If you are not a "consultant" as well?
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I'll just cover my ears when you talk about hiding income.
. But unfortunately, for those of us who aren't "consultants", a lot of CRA attention/heat has been headed that way as well, the best tax savings areas are RRSPs, donations are ok, but there are limits and they aren't dollar for dollar. The big glut you are talking about would be a capital gain, and to make it less painful, you are taxed on only 50% of the gain.