2025 Year End Planning - Tax Tips and Traps

The year end planning tax tips and traps provides a high-level overview of 2025 year-end tax planning considerations for business owners, investors, and high-net-worth individuals. It covers strategies such as managing capital gains and losses, planning around OAS and CPP, optimizing RRSP, TFSA, FHSA and RESP contributions, and taking advantage of available deductions and credits before year-end. It also highlights planning opportunities for business owners, including accessing the small business deduction, managing passive income in a corporation, preparing for business sales, and considerations around remuneration strategies. Overall, it offers a checklist of tax-efficient steps to consider before December 31, 2025 to minimize taxes and optimize financial planning.