Friday, February 02, 2007

Stretch to 150%!!

My company announced its Q4 results yesterday and because we exceeded our targets for 2006 by a substantial margin, our bonus payout will be stretched to the maximum 150%!! So, if I get a "perfect" rating on my performance for last year, I'll get 100% of my bonus, plus an additional 50% "stretch."

Now that the initial excitement has faded, I'm thinking about how much of that lovely bonus will be clawed back in the way of income taxes. Granted, I can roll all, or part of my bonus into my RRSP so that it's sheltered, but I kinda want the money now...I've got at least another week to fill out the necessary paperwork for HR so I'm going to mull it over a bit.

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