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Tax planning tips for RRSPs and 1986 deductions
Autumn tax planning guidance advises reviewing the 1985 return with Revenue Canada, listing expected year-end income and potential deductions. Key points include charitable donations with spousal claims, medical expense rules, Dividend Tax Credit changes, the $1000 Investment Income deduction, capital gains exemption progress toward a $50,000 cap, and reporting interest income every three years. Mr. Mardon of The Investors Group is cited.
MENTIONED IN THIS ARTICLE
Revenue Canada
Mardon
Investors Group