Year-end tax planning - 2024

Another year is drawing to a close, and there are a number of tax considerations to take into account for 2024. While it’s best to have a sound tax strategy throughout the year, it’s not too late to end the year on the right foot.

Here are a few tips you can implement between now and the end of 2024 or the beginning of 2025 to reduce your tax bill.  

To help you optimize your year-end planning, our tips take into account the new measures announced by Canada’s Department of Finance in the March 2024 budget, although some measures have yet to be included in an assented bill.

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Forvis Mazars Year-end tax planning - 2024

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