Tuesday, April 22, 2008

Chunk of change

One of the nice things about working in a tax free jurisdiction is that anything other than your base pay is not likely to be taxed at 40%. Some of you gasp, but for those of you that are from Canada, you know all too well the big bite CRA takes out of any commissions, overtime or bonuses earned. So, welcome to Bermuda, where for an expat, overtime pay does not exist, but the yearly bonus that an expat receives is a good chunk of change that makes up for all that overtime they've put in during the year. It's a most welcome chunk of change that no government is getting a slice of. Not this time. Not ever!

No comments: