Year-end tax planning 2021

Another year is coming to an end and certain tax issues must be considered for 2021. While it’s best to have a good tax strategy throughout the year, it’s not too late to end the year on the right foot.

To that end, here are some tips you can implement between now and the end of 2021 or the beginning of 2022 to reduce your tax bill.

To optimize your year-end planning, our tips take into consideration the new measures announced by the Department of Finance Canada in the April 2021 budget, although some measures have not yet been adopted.

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Mazars year-end tax planning
Mazars year-end tax planning