Personal Tax Planning Tips – End of 2020 Tax Year

    To help our clients, we’ve put together a comprehensive article filled with great tips on how to get ready for 2020 tax season. Here’s a summary of our personal tax tips article:

    • Details about the different COVID-19 benefits programs and the tax ramifications of them

    • Information about family tax issues including the Canada Child Benefits and tips on how to split income.

    • Managing investments. Details about contributing to various savings plans such as a TFSA, RESP, or RDSP. Also tips on how and when to donate to charity and how to time the purchase or sale of investments.

    • Retirement planning. How to make the most of your RRSP, things to know if you’ve turned 71, and tips on RRIF conversion.

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