Sunday, 15 April 2018

Important tax changes to remember this year

Greeting - Hello #MoneyFit readers!

We're in the last stretches of tax season but there's still plenty of time to ensure you're doing everything you can to minimize your taxes—everything from last minute tax tips for 2017 to knowing which accounts to hold your investments in this year so you can save substantial amounts at tax time next year. Here's what you need to know to reduce taxes on your investments:
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Hello #MoneyFit readers!

We're in the last stretches of tax season but there's still plenty of time to ensure you're doing everything you can to minimize your taxes—everything from last minute tax tips for 2017 to knowing which accounts to hold your investments in this year so you can save substantial amounts at tax time next year. Here's what you need to know to reduce taxes on your investments:



7 THINGS TO REMEMBER WHEN DOING THIS YEAR'S TAXES
Beware of new Principal Residence tax rules, and don't miss out on these new credits.

SLASH TAXES AND GROW INVESTMENTS FASTER
The key is holding your equities and bonds in the right accounts and maintaining the correct asset allocation in TFSAs, RRSP and unregistered accounts.


WHY IT'S IMPORTANT TO MAINTAIN ASSET ALLOCATION


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