Tips for year-end tax planning

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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.

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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/

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