TORONTO, ONTARIO — (Marketwire) — 03/22/13 — As Canadians prepare their 2012 personal income tax returns, BMO Nesbitt Burns encourages them to review carefully the tax implications on income generated by their investments, including adopting strategies on how to save on investment taxes paid.
According to a BMO Nesbitt Burns study, many Canadians are not familiar with the tax implications of earning investment income, including:
“It-s important not only to think about how your investments will fit with your financial goals, but also how they will affect your taxes,” said John Waters, Vice President, Head of Tax & Estate Planning, Wealth Planning Group, BMO Nesbitt Burns. “The taxation of investment income can have an impact on net returns. However there are a variety of tax-saving strategies that can help Canadians save money now and down the road. Be sure to investigate the options and plan accordingly.”
BMO Nesbitt Burns offers the following strategies to save taxes on investments and capital gains:
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Contacts:
Media Contacts:
Rachael McKay, Toronto
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Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596