Tax tips for year end

Dawn Luhning |

As we draw closer and closer to year end, there are many tax tips that you can incorporate into your financial plans to maximize tax savings for the 2016 tax year. But hurry because there are only 11 business days left to act! And if you need to make any changes to your portfolios by selling or buying something before year end, the last day to do that is Friday, December 23 for settlement on December 30, the last business day of the year.

Many of the mutual fund companies are supplying advisors with tip sheets and reminders of how to help clients with these very timely issues. Invesco posted a blog just the other day called The Last 12 Tax Tips for 2016 and is a great read. Then this morning Mackenzie Financial sent out an eight-page document for year end tips. If you're interested in seeing that pdf, drop me an email and I can send it over to you.

As 2016 draws to a close, I want to express my thanks and appreciation for listening to me provide you with topics about financial issues from all angles. I hope that they have been valuable in some way. This may be the last blog for 2016 as my office will be closed from December 23 to January 2 inclusive. We are back to regular office hours Tuesday, January 3, 2017.

From me, and my assistants, Gail and Sandi, I'd like to take this opportunity to wish you the very best over the holidays and I hope you have a wonderful Christmas.

Until 2017!

~ Dawn