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Originally Posted by calgarywinning
Maybe someone can answer this question. Can your company not submit taxes on a bonus amount if they know what RRSP contribution amount you are going to make?
What does the CRA say on this. I believe if the company makes the RRSP contribution directly, non-arms length, that this is legal. Wonder if anyone has knowledge of this. Rather than submit the tax to wait 6 months to get it back.
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You need to fill out a form T1213 which is a request to have less taxes deducted from your pay. In general an employer will want to deduct enough so that you aren't owing much (if at all) when you file. A basic payroll deduction calculator can help with this. Without this form the employer will deduct taxes on a bonus amount.
Here's a link to a TD1 form which is used to calculate your tax deductions and takes into account different things like tuition, caregiver etc.
http://www.cra-arc.gc.ca/E/pbg/tf/td1/README.html