As 2020 draws to a close, you may want to take this opportunity to assess your finances and consider ways to improve your tax position. Although the government did not release a federal budget in 2020 due to the COVID-19 pandemic, it is expected to issue an economic statement on November 30, 2020 that could contain tax measures. In addition, the government announced many emergency COVID-19 support measures in 2020, some of which may affect your tax bill for this year. As a result, you may find it helpful to consider available opportunities and planning choices before the end of this year to ensure you are achieving your financial goals in a tax effective manner.

Download this edition of the TaxNewsFlash to learn more.