From Wayne's Desk – TWO IMPORTANT NOTICES!
VACATION ALERT: Wayne and Sheila will be out of the office (and country) from November 20 – December 2.
Jonny Somers-Harris will be available to assist during office hours (9:00 – 5:00) Monday – Friday. When you call the office – simply press 3 to connect with Jonny. Leave a message if he's not available to talk when you call.
CHRISTMAS CHARITY: Once again, this year, we are asking for your help. As you recall – 4 years ago we decided that money spent on Christmas cards and postage could be better offered to 1 or 2 charities in need.
YOU, our amazing clients have offered suggestions – and we are asking again.
Please email office@primetimefinancial.ca with your suggestions. We'll advise upon our return which charities we've selected.
And now...onto the rest of your November 2023 Newsletter!
With the year's end fast approaching, here are some ideas to minimize your 2023 tax bill.
The first idea is to look at harvesting any tax losses in an investment portfolio to help offset any capital gains you may have triggered. Even if there are no capital gains, non-registered tax losses can be applied to previous year tax returns to generate a tax refund. Or capital losses can be carried forward indefinitely and used against future capital gains. Just remember to keep track of those figures as CRA may not do so.
Reminder: It is important to...