Family Income Tax Planning

Our December tax newsletter is available for download here. It covers family income tax planning. The higher the taxpayer’s income, the higher the marginal tax rate for each additional dollar of income earned. This newsletter focuses on the tax saving strategies available to families. There are several tax saving strategies, such as the family tax cut, pension income splitting, spousal RRSPs, spousal loans and tuition transfers.  These options present families with opportunities to reduce their overall tax burden. Should you have questions regarding how the application of these options may benefit your family’s situation, please don’t hesitate to contact the office at 613-235-2000 for more information or to set up an appointment.