Archive for December, 2017

Year-end planning for RRSPs and TFSAs

Tuesday, December 19th, 2017

For most Canadians, registered retirement savings plans (RRSPs) don’t become top of mind until near the end of February, as the annual contribution deadline approaches. When it comes to tax-free savings accounts (TFSAs), most Canadians are aware that there is no contribution deadline for such plans, so that contributions can be made at any time. Consequently, neither RRSPs nor TFSAs tend to be a priority when it comes to year-end tax planning. (more…)

Posted: Tuesday, December 19th, 2017 | Categories: Individuals.


Year-end tax planning – some steps to take before December 31st

Tuesday, December 5th, 2017

As the 2017 calendar year winds down, the window of opportunity to take steps to reduce one’s tax bill for the 2017 tax year is closing. As a general rule, tax planning or tax saving strategies must be undertaken and completed by December 31st, in order to make a difference to one’s tax liability for 2017. (For individual taxpayers, the only significant exception to that rule is registered retirement savings plan contributions. Such contributions can be made any time up to and including March 1, 2018, and claimed on the return for 2017.) (more…)

Posted: Tuesday, December 5th, 2017 | Categories: Businesses, Individuals.


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