Introduction
Welcome to our 2016 tax planning issue, full of topics and
opportunities that we believe you should consider as we reach the
end of 2016 and look forward to 2017. This publication is not
intended to be a summary of the technical provisions of the Income
Tax Act. Before you undertake any tax planning strategy, it is
important to review it thoroughly with your tax advisor.
Missed Opportunities Mean Extra Taxes
Thousands of Canadians pay more income tax than they should. By
not taking full advantage of deductions, you may be one of those
generous Canadians without even knowing it. Are you aware of all of
the deductions that are available to you? Do you file your return
on time? Do you pay tax instalments quarterly to avoid interest
charges? Here is a look at some of the commonly missed
opportunities that could be contributing to your larger than
necessary tax bill.
