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Canada: Year-end considerations for 2019 individual taxation

Canada: Year-end considerations for individual taxation

Individuals subject to tax in Canada may want to assess their finances and consider their tax position for 2019.

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Now that Canada’s federal election is over and 2019 is drawing to a close, individual taxpayers need to take time to consider their taxes for 2019. Although no major individual (personal) tax changes were introduced this year, the voters in Canada elected a Liberal minority government that may need to compromise with another party’s priorities, and this could introduce a variety of new tax changes that could significantly affect taxpayers next year and beyond. As a result, now may be an appropriate time to consider available opportunities and planning choices before the end of the year.


Read a November 2019 report [PDF 261 KB] prepared by the KPMG member firm in Canada 

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