ARTICLE · 05 DECEMBER 2016

33 Tax Tips For 2016

Crowe Soberman LLP

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Our annual Tax Tips can assist you in your tax planning presenting some quick ideas and strategies for you to employ.

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Silvia Jacinto, BComm, MTax

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33 Easily adaptable tax ideas for you and your family

Our annual Tax Tips can assist you in your tax planning.

It presents some quick ideas and strategies. Please take the time to review your 2016 tax situation and call us for specific recommendations tailored to meet your needs. We will be pleased to work with you on these and other tax-savings ideas.

Investment income

1. Tax rates are significantly more favourable for dividend income than interest income.

The top personal tax rates in Ontario for 2016 are as follows:

The top personal tax rates are not expected to change for 2017.
Re-evaluate your investment strategy by comparing the pre-tax dividend rates with the pre-tax interest rates using the chart provided on page 15.

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