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.”

Read more.

Related articles

2023

Richardson Wealth recognized as a Best Workplace in Financial Services & Insurance for 2023

Richardson Wealth is honoured to announce that our organization has been named on the 2023 list of Best Workplaces™ in Financial Services & Insurance by…

2 minute read

2023

Many Canadians are leaving this registered savings plan's money on the table

May 25, 2023 - Susan O'Brien writes about one of the most useful tools available to Canadians living with a disability is the RDSP, a…

2 minute read

2023

RRSP season investment fund flows falter to weakest level since 2009 as investors opt for cash

May 23, 2023 - Andrew Feindel, Portfolio Manager and Investment Advisor at Richardson Wealth writes on how he has seen clients’ reluctance to get back…

2 minute read