Well, the decision was made for us. D's bonus is going to be cashed out this year. The account D opened back in Sept to house any bonus monies was supposed to include a fax in of the paper copy which D was not aware of.
It was due Nov 30th. Had he done it, the entire amount would have been sheltered and a tax receipt would have been issued. Now that we know, we have till Nov 30th of 2012 to get that fax in for next year's bonus (hopefully).
An interesting discussion came out of it with one of D's colleagues -- The only one D found (outside of the finally locating someone in the pension dept) who had knowledge of how this all worked and has chosen not to take advantage of it.
He is anti RSP and likes knowing what his bottom line is all the time so non registered investments is his preferred vehicle. He figures you either pay tax now or later. You may as well get it over with now.
I can respect that. Plus, having a good pension will mean a higher tax bracket come retirement so you stand to pay potentially higher taxes later. Made us stop and think about D's retirement big picture vs mine. Maybe this fax error was a blessing in disguise.