Managing Your Personal Taxes 2024‑25

Retirement planning
Whether you’re just starting your career or have years of service under your belt, you need to plan for retirement. And tax planning should be at the center of your retirement strategy.

Estate planning
While we may not like to think about the inevitable, an effective estate plan can minimize tax on and after your death and provide benefits to your surviving family members over the long term.

A guide to US citizenship
Given the complexity of US citizenship and nationality law, it’s not surprising that many people have no knowledge of their US citizenship status.

US tax for Canadians
If you’re a Canadian resident, but not a US citizen, who spends significant amounts of time in the US for either work or leisure, you may be considered a US tax resident and required to file US federal income tax returns.

Emigration and immigration
When an individual immigrates to or emigrates from Canada in a calendar year, he or she is treated as a canadian resident for the period he or she is resident in Canada, and a nonresident for the period he or she is a nonresident of Canada, and is usually referred to as a part-year resident.

Canadian tax for nonresidents
If you’re not a Canadian resident but you receive Canadian-source income, that income may be subject to Canadian income tax, including the Alternative Minimum Tax (AMT).

Tax payments and refunds
Now that we’ve given you some good ideas on how to save on your taxes, let’s take a look at how you can make the final part of the process as efficient and effective as possible.