Don’t wait until it’s too late to start tax planning!

The Montrealer
May 20, 2023.

In an article with the Montrealer, Lynn MacNeil, Associate Investment Advisor, Associate Portfolio Manager at Richardson Wealth writes that tax planning can help by leveraging fiscal knowledge and tax strategies to discover what tax strategies may work for you.

“If you have equity investments in your registered portfolios, and fixed-income investments in your non-registered portfolio, you could swap positions to shelter the more highly taxable interest from taxes. If you’re working with a financial advisor, they should be noticing this each year when they review your tax return and make recommendations that fit with your risk profile and reduce your taxes.”

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