@Marty – I was told by an accountant that withholding as late (May, 2013) as possible is common practice. Having said that, you would get a lump sum Tax bill in May, 2013 of $50k for example then another $50k again due in June, 2013. Bit rough.

@Luke – I bought my IP then went into contracting within 5 months. I asked to top up to renovate for…[Read more]