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(December 18, 2012)----It’s that time of year again… when individuals and business owners start thinking about income tax planning. And while tax planning should take place throughout the year, December 31st generally marks the last date for transactions that can affect your 2012 taxes.
“With the holidays just around the corner, tax planning can sometimes take a backseat to other matters,” says Don Carson, Greater Toronto Area Tax Leader for MNP LLP. “By planning now and reviewing our checklist of tax planning tips, you can easily track what you need to do in order to minimize the shock at tax time and possibly have more money to spend in 2013.”
MNP is one of the largest chartered accountancy and business consulting firms in Canada, providing client-focused accounting, taxation and consulting advice. National in scope and local in focus, MNP has proudly served individuals and public and private companies for more than 65 years. Through the development of strong relationships, MNP provides organizations with personalized strategies and a local perspective to help them succeed.
Related Topics:Personal Tax; Corporate Tax
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