Bonuses are bullshit because they don’t touch your salary, and they get taxed extra. When I got mine, I was far more insulted than happy. Same situation as you, they didn’t give me a raise that year.
The US handles it in an incredibly stupid way. Bonuses typically get a larger amount withheld as tax and the government pays you back when you calculate your total income at the end of the year.
Bonuses are bullshit because they don’t touch your salary, and they get taxed extra. When I got mine, I was far more insulted than happy. Same situation as you, they didn’t give me a raise that year.
Where do they get taxed extra? To my understanding, it’s considered regular income in Canada and the US.
The US handles it in an incredibly stupid way. Bonuses typically get a larger amount withheld as tax and the government pays you back when you calculate your total income at the end of the year.