Insights Tax And Estate Planning

2024 year-end tax planning tips

Jamie Golombek shares strategies to help reduce the impact of taxes on your wealth plan.

Jamie Golombek Nov. 11, 2024 3-minute play time

Transcript for the video 2024 year end tax tips. Opens a new window.

Key takeaways

Tax planning is a year-round affair

Review your finances now to make the most of any opportunities before December 31.

Top three year-end tax strategies

Crystallize gains and losses, maximize registered plan contributions and consider making charitable donations to reduce taxable income.

What’s new for 2024

With the capital gains inclusion rate increasing, some investors can still benefit from the current 50% rate before year end and crystallize up to $250,000 in gains.

To learn more, read Jamie Golombek’s 2024 year end tax tips report (PDF, 330 KB) Opens a new window.

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Jamie Golombek, FCPA, CPA, CA, CFP, CLU, TEP
Managing Director, Tax & Estate Planning, CIBC Private Wealth

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2024 year-end tax planning tips

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Key takeaways

Tax planning is a year-round affair

Top three year-end tax strategies

What’s new for 2024

Ready to reach out?

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