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2024 Year-End Tax Planning

November 18, 2024 |RBC Wealth Management

As year-end approaches, taking some time to review your financial affairs may yield significant tax savings. To help ensure you leave no stone unturned, here’s a summary of some common year-end tax planning strategies.

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Unrestricted Versus Restricted Donations

October 11, 2024 |RBC Wealth Management

Charitable giving can be a very personal experience, reflecting the causes closest to your heart and values. How you decide on which charity or charities best align with the kind of impact you want to have will be an experience unique to you.

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Pension income splitting

August 19, 2024 |RBC Wealth Management

Many Canadian families may be able to reduce their total tax bill by having a higher income spouse allocate certain types of retirement income to a spouse who’s taxed at a lower rate.

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