New Year’s Day may be more than two months away, but when it comes to year-end tax planning, you may be slowly running out of time to take advantage of some tax savings opportunities that are only available until Dec. 31, 2016. Here are a few, new tips that are unique to the 2016 year end.
Tax-free rebalancing of corporate class mutual fund investments before Dec. 31 (new for 2016)
Canadian mutual funds can be structured as either trusts or corporations. Many mutual fund corporations are organized as “switch funds” and offer a different type of asset exposure in each fund. Each fund, however, is structured as a separate class of shares within the same mutual fund corporation.
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