My Twitter year-end tax tips for this week are listed below. This is my last set of tweets on this topic. As I tweet tax and money related information fairly regularly, you may want to follow me on Twitter @bluntbeancounter.
Tips for Week of November 18 - November 22, 2013
Did your kids attend private school in 2013? Ask if any of the fees can be claimed as child care expenses and/or a donation #yearendtips
If you turned 71 this year, you must convert your RRSP to a #RRIF or annuity by the end of the year #yearendtips
Consider donating shares of public companies as opposed to cash; you will pay no #capitalgains tax. #yearendtips
Look at whether purchasing a #flowthrough share is effective for your tax and investment purposes. #yearendtips
Purchasing a tax shelter investment? The refund may be held by the CRA (although they lost a case) until the tax shelter is audited #yearendtips
Children cut out, charities cut in
In today's Globe and Mail, Marjo Johne writes an interesting article on how donating some of the families fortune can create a philanthropic legacy - but also bitterness among heirs if not done right. Katy Basi, an estate lawyer and frequent contributor to this blog and I are quoted. Here is a link to the article.
The blogs posted on The Blunt Bean Counter provide
information of a general nature. These posts should not be considered specific advice;
as each reader's personal financial situation is unique and fact specific.
Please contact a professional advisor prior to implementing or acting upon any
of the information contained in one of the blogs.
