https://liveyourbiglife.ca/wp-content/uploads/2020/12/Personalemail@example.com 563 1000 Live Your Big Life https://liveyourbiglife.ca/wp-content/uploads/2020/07/websiteLogo2-300x81.jpg Live Your Big Life2020-12-02 14:07:542020-12-02 15:27:56Personal Tax Planning Tips – End of 2020 Tax Year
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.