Year-end tax tips

Tax tips for 2015 tax year.

Here are some year-end strategies for RRSP.

This is a useful tool to reduce your income tax payable. For 2015 tax year, the final contribution date will be Feb 29, 2016.

For first time home buyers, if you already have the down payment, you may want to contribute the maximum allowed to your RRSP. Get the tax refund which will come in handy for closing cost. Then withdraw the money under the HBP towards the purchase of the home.

 

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