CIBC Private Wealth
February 13, 2024
Money Financial literacy Trending Annual update
2024 Tax Planning
With tax season coming up one of the most valuable things you can do is understand the taxes that may apply and how investment choices may affect after-tax income. We have compiled a list of useful tax information and strategies from Jamie Golombek and our Tax & Estate Planning team to help with your tax planning for 2024.
2024 Tax Toolkit
It’s important to review your overall tax planning strategy with a tax professional to make the most of available opportunities, especially with new savings and investment vehicles, credits and tax policy changes that come into effect each year. Discover Jamie’s top tax tips for investors, plus 2024 tax tables, rates and much more in the CIBC Tax Toolkit.
https://www.cibc.com/content/dam/personal_banking/advice_centre/tax-savings/tax-toolkit-en.pdf
Five ways to reduce your 2024 tax bill
The start of the new year is the perfect time to review strategies to reduce taxes for the year ahead. Here are 5 things to consider early in 2024.
https://www.cibc.com/content/dam/personal_banking/advice_centre/tax-savings/reduce-taxes-en.pdf
How to use registered plans to save on taxes and get "free" money in 2024
It’s a new year, time to get a head start on your 2024 registered plan contributions. Here’s an overview of the new 2024 limits and the various ways you can maximize your tax-sheltered investment income this year.
A new year, new limits (3 minutes):
How to use registered plans to save on taxes and get 'free' money:
It's 2024: Do you know what your tax rate is?
Tax rate will vary with your income and government legislation. Canadian individuals pay taxes at graduated rates, meaning that your rate of tax gets progressively higher as your taxable income increases. This report will help you understand how your income is taxed and why the “advertised” tax rate isn’t always what you end up paying.
As always, please feel free to contact us if you have any questions or require more information.
