Roberts Nash Advisory Group

Taxes for high earners to increase January 1, 2016: Act now to save!

PWC has created a great information piece on the upcoming taxation changes that Canadians face in 2016.

A few highlights from Tax Insights are:

  • For anyone who can control their income take more income in 2015.
  • Gift to adults children for their TFSA.
  • If drawing from registered funds consider doing it now vs 2016.
  • Later may be better for tax loss selling.

This Tax Insights discusses the details.

** I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial **

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