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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.
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.
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.