If you’ve never contributed to a TFSA, you may be able to contribute up to $95,000. Make these contributions before year-end to get your money working for you, tax-free, as soon as possible.

We talked about some ideas. Today, let’s look at year-end tax planning for investors. 1. Claim capital losses against the right gains.

Starting next year, only 50% of the donation credit will be allowable, and a 30% inclusion rate will apply to donated appreciated securities for AMT purposes. To avoid these implications, Golombek ...

With just six weeks to go before Dec. 31, now is the perfect time to begin your year-end tax planning. (Credit: Getty Images/iStockphoto) With just six weeks to go before Dec. 31, now is the perfect ...

If you are 71, the end of the year does bring some urgency, because your RRSP needs to be converted to a RRIF by the end of the year you turn 71. You can also buy an annuity from an insurance company.

Tax planning in Canada isn’t just for March and April. These smart tax moves need to be made before January 1. Hear me out. Year-end tax planning can be financially rewarding. It’s a shame so ...

The 2024 maximum IRA contribution is $7,000, or $8,000 if you’re 50 or older. You can make IRA contributions for the 2024 tax year up until April 15, 2025, so you have a little extra time.

The end of the calendar year brings with it many to-dos. Listen to the full podcast on AdvisorToGo. So Jamie Golombek, managing director of Tax and Estate Planning at CIBC Wealth Advisory Services, ...

As the end of the year nears, calendars are crowded but make sure you set aside time to make sure your 2023 taxes won't come back to bite you in 2024. Year-end tax moves fall into two categories ...

At this time of year, there’s no shortage of “year-end tax-planning tips” that show up in articles, social media feeds and your email. It’s like clockwork: such articles magically appear from about ...

With just six weeks to go before Dec. 31, now is the perfect time to begin your year-end tax planning. Here’s a few things to consider, which are unique to 2024. The 2024 federal budget proposed an ...