Media Advisory/Spokesperson Availability - KPMG helps show you the money!

 Year-end income tax savings for Canadians and small business

TORONTO, Dec. 9, 2014 /CNW/ - The end of the year is a busy time for Canadians. People forget that many important business and personal tax deadlines expire at midnight, December 31.  Reviewing your tax situation and strategies before you ring in the New Year can help maximize savings opportunities and reduce personal and business taxes. Some year-end personal and business tax opportunities include:

• Maximize tax-assisted savings contributions (e.g. RRSP)
• Consider family income splitting
• Estate planning
• Review investments
• Retirement planning
• Catch-up on deficient tax installments

The end of the year is also the perfect time to look at the year ahead to prepare for upcoming changes and opportunities. In addition to the New Family Tax Cut credit available in 2014, next year will usher in new tax rules and regulations recently introduced by the federal government including:

• Child Care Expense Deduction
• Universal Child Care Benefit and
• Child Tax Credit

KPMG Enterprise spokespeople are available to make sense of what year-end deductions and opportunities exist for individuals and business owners, and answer your questions to help ensure Canadians across the country are ready to hit the ground running in 2015.

LEARN MORE

KPMG website
KPMG Enterprise website
Surprise Family Tax Cuts KPMG TaxNewsFlash
2014 Year-End Personal Tax Savings KPMG TaxNewsFlash
@KPMG_Canada
KPMG on LinkedIn

About KPMG Enterprise™
KPMG Enterprise is a network of professionals devoted exclusively to helping business owners and entrepreneurs build value and grow thriving enterprises in Canada. Why is that important for business owners and entrepreneurs? Based on their understanding and experience of what private companies face every day, KPMG Enterprise business advisers can provide proactive and effective advice about financial, business, and operational challenges, ultimately helping owners and entrepreneurs build value in their businesses and grow successful private enterprises. Visit kpmg.ca/enterprise.

SOURCE: KPMG LLP

For further information: Briana D'Archi, National Senior Manager, Communications, KPMG in Canada, [e-mail], 416 777 8169