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More about what every lawyer should know about year-end tax planning

Friday, December 29, 2017 @ 8:36 AM | By David Rotfleisch

This is part two of a two-part series.

As I mentioned in my previous article, tax planning should be an ongoing process that lawyers, like other entrepreneurs or employees, focus on all year long. Here are the rest of my tax planning tips that, for the most part, should be implemented now.

10. Tax free savings account (TFSA)

The tax free savings account can be used to generate tax free savings. Although contributions to a TFSA are not tax deductible like RRSPs, the earnings from any...