📢 Tax planning isn’t just about April it starts now. Here are four proven strategies to help Canadians cut their 2025 taxes before filing in 2026:
1) Maximize TFSA & RRSP Contributions
• TFSA (limit $7,000 for 2025) shields investment growth.
• RRSP deductions reduce taxable income and can boost benefit eligibility.
2) Use Spousal RRSPs for Income Splitting
Shift future retirement income into a lower-earning spouse’s hands and save tax over the long term.
3) Claim All Eligible Credits & Deductions
Don’t overlook: medical expenses, tuition, child-care, caregiver credits, moving expenses, and more these reduce your tax owed.
4) Strategic Capital Gains Planning
• Offset gains with losses
• Carry losses back 3 years or forward indefinitely
• Capital gains inclusion remains 50 % in 2025.
ℹ️ Planning ahead can meaningfully lower your tax bill and increase cash flow.
If you’re unsure about your situation, our experts will guide you.
📲 Connect with us: (514) 383-4858
