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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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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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Capital gains exemption on private shares

August 19, 2024 |RBC Wealth Management

How you may be able to save approximately $400,000 of taxes on the sale of your business

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A guide to family meetings

July 15, 2024 |RBC Wealth Management

Five strategies to help make family meetings an effective tool in wealth transfer planning.

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