Sentences with phrase «annual tax planning strategies»

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So the lesson here is that the higher your bracket (which is directly related to your annual earnings), the more diligent you should be in including tax - efficient investing strategies into your investment plan.

Another strategy to minimize income taxes on your RRSP / RRIF at death is to take annual withdrawals from your plan during your lifetime to maximize the income that will be taxed at low rates by forcing additional withdrawals in years you are in a lower tax bracket.