Quote:
Originally Posted by The Cobra
I don't think it does, as deferred salary in Canada is taxed when earned. Its not a prescribed plan.
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That's the part I was struggling with, like what defines a prescribed plan.
Canada does have the Retirement Compensation Arrangement (RCA). It looks like the withholding tax on the tax account portion is 30%.
https://www.canada.ca/en/services/ta...nts-guide.html
In plain language...kinda:
https://gblinc.ca/products-services/...-compensation/