Be prepared: Year-end tax tips - MoneySense

Be prepared: Year-end tax tips

Make sure you tackle these tax tips before December 31.


There are still a few months before tax filing time, but that doesn’t mean it’s all rest and relaxation until then. There are a number of items you need to take care of now, before the end of the year. Selling stocks to realize gains or losses has to be done before December 31st, as does donating to charity, paying certain expenses and, if you’re 71, contributing to your RRSP.