Hurrah!
My company's Christmas bonus is actually an annual profit sharing award. The better the company does, the better the reward. I won't get into all the details - but I will say that not everyone gets the same amount. There is a portion that is similar for everyone, a portion that is based on your group's performance and a portion that is merit based. You can receive any combination of the three financial awards. Often, your award is pro-rated based on the length of time you've been with the company. So if you've been here less then a year, you won't get a full share.
That was me last year - I think I got around $70.
This year, is different.
The company didn't do as well as we would have liked, but we didn't go belly up either. My profit sharing/merit award is for a total of $550 (less all statutory deductions). If we assume i'll be taxed at about 30%, I'll receive about $385!
Merry Christmas To Me!
It's Christmas Bonus Time
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Big smiles!! And because you have topped out EI contributions, that is one less deduction from your bonus. Yayy Jessie!
ReplyDeleteWow, that is awesome!!!!
ReplyDeleteCongrats! What will you do with the new found money?
ReplyDelete@ Canadian - thanks!
ReplyDelete@ Financial - Thanks! I haven't 100% decided yet, but I think some of it will go to funding my clothing fund. I would really like to make my wardrobe a little more professional at work. The rest would probably go to my student loan - but I would really like to treat myself.
My mom always says to dress for the position you want to have, not for the one your in.
Bonuses ar always great! Especially when you can use it to pay down debt!
ReplyDeleteYaaaa!! That's awesome!! :)
ReplyDeleteCongrats -- I wish more companies awarded bonuses the way yours does.
ReplyDeleteCongratulations! That's a terrific bonus. Our bonuses don't come out until February. Last year there were no bonuses company wide due to overspending on projects. I am hoping that this year will be different. I did get my annual gift from the company today with my pay...a grocery store gift card. That's fine by me and will definitely get used!
ReplyDeleteWoah! That's awesome Jessie!
ReplyDeleteWhatcha going to do with the money?!