Year-End Tax Planning Actions

Year-End Checklist

  • Maximize pension and training fund deposits
  • Make recognized charitable donations (35% credit)
  • Realize investment losses to offset gains (tax-loss harvesting)
  • Purchase business equipment for depreciation deductions
  • Review and optimize rental income tax route
  • Coordinate tax advances with projected annual liability
  • Ensure all invoices and receipts are properly documented

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.