PART-2 Do This Before Dec 31-Canadian Tax Tips(2024/2025) #canadiantaxtips#canadiantaxes#savetaxes

Canadian Tax Saving Tips for 2025.

Are you making the most of your financial opportunities? In this video, I’ll guide you through essential year-end financial moves every Canadian should consider, including tips on FHSA, RESP, TFSA, and how to save taxes effectively.

Open Accounts:

What You’ll Learn:

Open an FHSA:
Why securing your $8,000 FHSA contribution room for 2024 is crucial—even if you don’t invest right now.
How to avoid losing your unused 2023 FHSA contribution room before it’s too late.

RESP Contributions:
Maximize the 20% government grant for your child’s education by contributing $2,500 before December 31st.
Learn about additional grants in B.C. and Québec to boost your RESP savings.

TFSA Withdrawals:
Why withdrawing from your TFSA before December 31st can help you regain contribution room in 2025.

Charitable Donations:
How to claim tax credits of 15%-33% by donating before the end of 2024.

This video is packed with actionable tips to help you save taxes, optimize your investments, and make the most of Canadian financial tools. Whether it’s your TFSA, RESP, or FHSA, don’t let these opportunities pass you by!

DISCLAIMER: These videos are for educational purposes only and do not consider it as any financial advice. I am merely sharing my opinion. Use your due diligence before investing.

#canadiantaxtips #savetaxes #canadiantaxes