While April 30 seems so far away, another important date on the tax-planning calendar is fast approaching: Dec. 31. That's the cutoff point when claiming capital gains and losses, donations, medical expenses and other tax exemptions on your 2010 tax return.
Now is an ideal time for Canadians to look into how they can reduce their taxes payable in the spring. Other than contributing to your RRSP, after Dec. 31, there are few tax-saving strategies available.
Cleo Hamel, senior tax pro and national spokesperson for H&R Block, was here to talk about year-end tax-saving strategies.
Ms. Hamel joined H&R Block in January, 2000, as a tax associate and was a tax course instructor, an assistant district manager and district manager before taking her current position in 2006. Prior to joining H&R Block, she was an independent financial adviser, with a broker's license, in the Calgary area.
For a transcript of the discussion with Ms. Hamel, click on box below. Mobile users can read the discussion by clicking here.