Tips for year-end tax planning
This year may require special consideration when it comes to tax planning given that many Canadians received Covid-19-related income support.
“Individuals who are affected by Covid-19 may have received a number of specific benefits on which they may have to pay tax — and they may not have thought about it,” said Jamie Golombek, managing director of tax and estate planning with CIBC Financial Planning and Advice, in an interview.
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Michelle Schriver
Original Article Posted on: December 15, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/tips-for-year-end-tax-planning/