Perspectives 5 year-end tips from a tax planning expert
Taxes?! Isn’t that a March or April thing? According to our guest this episode, a little bit of planning now will save you some headaches come spring. Robbie Brown is the Director of Advanced Planning and Services and the Head of Wealth Management Taxation at Scotia Wealth Management, and he’s got helpful tips on everything from key dates, to maximizing government grants, to how to best use the new First Home Savings Account even if you don’t plan on buying a house in the near future.
For more information, and even more tips, check out the full 2023 year-end tax planning tips article.
Key moments this episode:
1:21 — Tip #1: Some key dates. Including a big one that has shifted this year
4:56 — Tip #2: If eligible, take advantage of the First Home Savings Account (or FHSA)
7:24 — Tip #3: RRSP basics
9:07 — Tip #4: How to best use the TFSA (Tax-Free Savings Account)
13:33 — Tip #5: How to maximize your RESP (Registered Education Savings Plan)
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