Let me clarify a bit about my situation. I've recently taken a buyout from my old employer, the package included a large sum payable this year( 40% taxable) and the rest next year. This year, I already have my income from employment + now my buyout. Since I'm starting a new corporation, I want to possibly use the buyout money as an investment into a canadian corporation. Hopefully, deferring the tax for the buyout till next year or the following based on when it makes most sense for the corporation to pay me back (in the mean time collect interest). I'm not sure if I can do this or how? If i can do this, do I need to do this before the end of the year.
My understanding comes from my family member but they have a corporation. When for example it sells a property, that instead of paying capital gains from the sell of the property that year, she re-invests into something else.