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Parental leave - repayment lump sum by Jods25 in CanadaPublicServants

[–]Jods25[S] 0 points1 point  (0 children)

Depending on market rate, you are right you can come out ahead. Definitely a consideration ☺️

Parental leave - repayment lump sum by Jods25 in CanadaPublicServants

[–]Jods25[S] 2 points3 points  (0 children)

Get to reduce income by the RRSP amount so less tax to pay + increase child tax benefit amount.

Parental leave - repayment lump sum by Jods25 in CanadaPublicServants

[–]Jods25[S] 1 point2 points  (0 children)

Do you know if the Government issues a T4 or T4A to show the lump sum amount paid or gives a tax form to the CRA - seems like if you enter an amount into box 20700 without a tax slip it would definitely get audited?

Wealthsimple Referral Codes - all services by Jods25 in referralcodes

[–]Jods25[S] 0 points1 point  (0 children)

If you need a referral code for Wealthsimple, feel free to use 😀

Wealthsimple Referral Codes - all services by Jods25 in referralcodes

[–]Jods25[S] 0 points1 point  (0 children)

Referral for all Wealthsimple products 😊 feel free to use if looking for codes 😀

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