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