want advice : Severance Package

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Aashu
Member since: Nov 04

Posts: 1353
Location: Vaughan
Post ID: #PID

Posted on: 15-07-09 15:44:57

One of our friend is being laid off from work due to restructuring...and offered a sevarance package...the employer gave an option if he / she wants it or wants emplyer to put directly in RRSP (that way save on tax )...emplyer will give without tax deduciton...

i know it is individuals choice to put in rrsp depending if they need $ or not...still are there any other implcations to consider....?

also consideirng todays market it may not be a good idea to invest in rrsp ??

RESP
Member since: Mar 04

Posts: 371
Location: Mississauga, Ontario
Post ID: #PID

Posted on: 15-07-09 16:32:28

Instead of asking this question here I would suggest to seek advise from a lawyer, they are the best ppl to consult for these situations.

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