I got a great big sum of cash coming my way, what now?
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Thread: I got a great big sum of cash coming my way, what now?

  1. #1
    Junior Member
    Join Date
    May 2012
    Posts
    2

    Question I got a great big sum of cash coming my way, what now?

    I am getting a large sum money of residual pension fund that was left over after I had bought matching length of service in a different plan.

    The residual amount is approx. 300k. I am going to max my RRSP and TFSA (60k) but is there any other advice to maximize this potential windfall and give a smaller amount to Little Stevie Harper?


  2. #2
    Senior Member
    Join Date
    May 2009
    Location
    Ottawa
    Posts
    1,927
    You had better figure out what the tax liability for that $300K is first.


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