Author Archives: Michael Fromstein

Tax & Taxpayers – Final Thoughts for T1s

time to do taxes, T1

RRSP Contributions – just because a taxpayer has made an eligible contribution is no reason to automatically claim the deduction.  If a contribution takes a taxpayer into a lower tax bracket – consider not claiming all of the contribution and using it next year against higher taxable income. Rollovers – Remember that theT2057 is an election for the deemed proceeds

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