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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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My previous company had done this. The bonus cheque will be issued to your financial institution, say, BMO Investorline, and not to you. They didn't withold any taxes on the bonus payment. You can also choose to take it as bonus minus the WHT of course.