{"id":4269,"date":"2024-03-05T10:45:36","date_gmt":"2024-03-05T15:45:36","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/baunandpateinvestmentgroup\/?p=4269"},"modified":"2024-04-10T16:19:24","modified_gmt":"2024-04-10T21:19:24","slug":"2024-tax-planning-part-2","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/","title":{"rendered":"2024 Tax Planning \u2013 Part 2"},"content":{"rendered":"<p>As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2023 tax year. Please note that these are a summary of some of the changes and may or may not apply to your situation. We would welcome the opportunity to complete a Wealth Plan with your family so that we can provide additional specific advice.\u00a0 \u00a0\u00a0As always, please consult with your tax professional prior to making any elections.<\/p>\n<p>According to CRA\u2019s data, millions of Canadians file an income tax and benefit return every year. For the\u00a02023 tax-filing season, Canadians filed more than 32 million tax returns, and more than 92% of them were filed electronically. There were also more than 18 million refunds processed, and Canadians who had a tax refund received an average of around $2100!<\/p>\n<p><strong>Accessing your tax information <\/strong><\/p>\n<p>You can find how to access your tax slips and packages via your online access by clicking <a href=\"https:\/\/d1sldxm8kemt77.cloudfront.net\/images\/8993f8b2-bdc6-4b27-9fb8-7b8d5cab6270\/Tax%20Packages%20%20My%20Portfolio%20Client%20Instructions.pdf\">here<\/a>.<\/p>\n<p><strong>Important dates<\/strong><\/p>\n<table style=\"width: 94.2957%;height: 359px\">\n<tbody>\n<tr style=\"height: 55px\">\n<td style=\"height: 55px;width: 23.8281%\" width=\"144\"><span style=\"font-size: 12pt\"><strong>\u00a0February 19, 2024<\/strong>\u00a0<\/span><\/td>\n<td style=\"height: 55px;width: 73.3073%\" width=\"462\"><span style=\"font-size: 12pt\">This is the first day you can start filing your 2023 tax return\u00a0online. If you\u00a0file on paper, you should receive your income tax package in the mail by this date.<\/span><\/td>\n<\/tr>\n<tr style=\"height: 152px\">\n<td style=\"height: 152px;width: 23.8281%\" width=\"144\"><span style=\"font-size: 12pt\"><strong>\u00a0April 30, 2024<\/strong>\u00a0<\/span><\/td>\n<td style=\"height: 152px;width: 73.3073%\" width=\"462\"><span style=\"font-size: 12pt\">This is the deadline for most Canadians to file a tax return. By filing your tax return on time, you\u2019ll avoid delays to any refund, benefit, or credit payments you may be entitled to. If you owe money to the CRA, this is also the payment deadline. You\u2019ll avoid late-filing penalties and interest by filing and paying on time.\u00a0<\/span><\/td>\n<\/tr>\n<tr style=\"height: 152px\">\n<td style=\"height: 152px;width: 23.8281%\" width=\"144\"><span style=\"font-size: 12pt\"><strong>\u00a0June 15, 2024<\/strong>\u00a0<\/span><\/td>\n<td style=\"height: 152px;width: 73.3073%\" width=\"462\"><span style=\"font-size: 12pt\">If you or your spouse or common-law partner are self-employed, this is the deadline to file your tax returns. As this date falls on a Saturday, your return will be considered filed on time if the CRA receives it or it is postmarked on or before\u00a0<strong>June 17, 2024<\/strong>. If you owe money to the CRA, you&#8217;ll still need to pay by\u00a0<strong>April 30, 2024<\/strong>, to avoid interest.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>2023 Tax Rates<\/strong><\/p>\n<p>You can find your 2023 tax rate by clicking <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/frequently-asked-questions-individuals\/canadian-income-tax-rates-individuals-current-previous-years.html#toc2\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>What\u2019s New for 2023<\/u><\/strong><\/p>\n<p>Below you will find a few of the key changes for individuals, business, and trusts.\u00a0 For a full list of changes and additional information, please visit the below links.<\/p>\n<p style=\"padding-left: 120px\"><a href=\"https:\/\/www.cpacanada.ca\/en\/business-and-accounting-resources\/taxation\/blog\/2024\/january\/whats-new-personal-tax\">What\u2019s new for the 2024 tax season &#8211; CPA Canada<\/a><\/p>\n<p style=\"padding-left: 120px\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/news\/newsroom\/tax-tips\/tax-tips-2024\/what-you-need-to-know-2024-tax-filing-season.html\">What you need to know for the 2024 tax-filing season &#8211; Canada.ca<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>For Individuals:<\/strong><\/p>\n<table style=\"width: 93.5498%;height: 640px\">\n<tbody>\n<tr style=\"height: 137px\">\n<td style=\"height: 137px\" width=\"144\"><strong>\u00a0First Home Savings\u00a0 \u00a0Account (FHSA)<\/strong>:<\/td>\n<td style=\"height: 137px\" width=\"462\">The FHSA is a new registered account to help individuals save for their first home. Starting in 2023, contributions to an FHSA are deductible and the income earned in an FHSA is not taxable. Qualifying withdrawals from an FHSA to purchase a first home are also not taxable.<\/td>\n<\/tr>\n<tr style=\"height: 189px\">\n<td style=\"height: 189px\" width=\"144\"><strong>\u00a0Multigenerational\u00a0 \u00a0Home Renovation\u00a0 \u00a0Tax Credit<\/strong><\/td>\n<td style=\"height: 189px\" width=\"462\">This new refundable tax credit is available for up to $7,500 (15 per cent of a maximum claim of $50,000) of the costs of a qualifying renovation to an eligible dwelling that is completed to allow a qualifying individual to live with a qualifying relation. You can claim the credit (see T1, Schedule 12) for qualifying expenditures made or incurred after December 31, 2022, for services performed or goods acquired after that date.<\/td>\n<\/tr>\n<tr style=\"height: 215px\">\n<td style=\"height: 215px;text-align: left\" width=\"144\"><strong>\u00a0Residential<br \/>\n<\/strong><strong>\u00a0property flipping<br \/>\n<\/strong><strong>\u00a0rule<\/strong><\/td>\n<td style=\"height: 215px\" width=\"462\">Starting on January 1, 2023, a new deeming rule applies to ensure profits from flipping residential real estate are always fully taxed. The rule deems profits from dispositions of residential property (including rental property) that was owned for less than 365 days to be taxable business income instead of capital gain, with exemptions for death, breakdown of a marriage or common-law partnership, eligible relocations, and other life events. The flipping rules also apply to assignment sales.<\/td>\n<\/tr>\n<tr style=\"height: 99px\">\n<td style=\"height: 99px\" width=\"144\"><strong>\u00a0Working from<br \/>\n<\/strong><strong>\u00a0home deduction<\/strong><\/td>\n<td style=\"height: 99px\" width=\"462\">The temporary flat rate method for claiming employees\u2019 home office expenses only applied for 2020 to 2022 and is no longer available. For 2023 and future years, employees need to follow the detailed method to make these claims.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>For Business:<\/strong><\/p>\n<table style=\"width: 94.0525%;height: 515px\">\n<tbody>\n<tr style=\"height: 128px\">\n<td style=\"height: 128px;width: 24.0691%\" width=\"144\"><b>\u00a0Immediate\u00a0 \u00a0expensing of<br \/>\ncapital<\/b><\/td>\n<td style=\"height: 128px;width: 74.867%\" width=\"462\">This incentive was applicable to eligible property available for use before January 1, 2024. In the case of individuals and Canadian partnerships (all the members of which are individuals), this incentive remains in place for eligible property available for use before January 1, 2025.<\/td>\n<\/tr>\n<tr style=\"height: 128px\">\n<td style=\"height: 128px;width: 24.0691%\" width=\"144\"><strong>\u00a0Accelerated\u00a0 \u00a0investment \u00a0incentive<\/strong><\/td>\n<td style=\"height: 128px;width: 74.867%\" width=\"462\">Eligible property for this incentive must be acquired after November 20, 2018, and be available for use before January 1, 2028. For eligible property that becomes available for use after 2023, a phase-out period applies reducing the overall capital cost allowance over 2024 to 2027.<\/td>\n<\/tr>\n<tr style=\"height: 152px\">\n<td style=\"height: 152px;width: 24.0691%\" width=\"144\"><strong>\u00a0Phase-out of zero-\u00a0 \u00a0emission vehicles\u00a0 \u00a0and automotive\u00a0 \u00a0equipment<\/strong><\/td>\n<td style=\"height: 152px;width: 74.867%\" width=\"462\">On March 2, 2020, the federal government proposed a temporarily enhanced Capital Cost Allowance (CCA) rate of 100 per cent for eligible zero-emission automotive equipment and vehicles. A phase-out period reducing the overall CCA rate from 100 per cent is in effect for eligible vehicles or equipment that become available for use after 2023.<\/td>\n<\/tr>\n<tr style=\"height: 107px\">\n<td style=\"height: 107px;width: 24.0691%\" width=\"144\"><strong>\u00a0Clean economy\u00a0 \u00a0Investment Tax\u00a0 \u00a0Credits (ITC)<\/strong><\/td>\n<td style=\"height: 107px;width: 74.867%\" width=\"462\">The government continues to prioritize implementing new tax credits encouraging clean economy investments. In the 2023 Fall Economic Statement, the government announced effective dates for eligibility for the various ITCs.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>For Trusts:<\/strong><\/p>\n<table style=\"width: 94.0511%;height: 236px\">\n<tbody>\n<tr style=\"height: 236px\">\n<td style=\"height: 236px;text-align: left\" width=\"144\"><strong>\u00a0Beneficial\u00a0 \u00a0ownership\u00a0 \u00a0reporting<\/strong><\/td>\n<td style=\"height: 236px\" width=\"462\">All trusts with tax years ending after December 30, 2023, must annually file a T3 Income Tax and Information Return, including additional beneficial ownership information (unless exclusions apply). This includes bare trusts, which were previously not required to file. For the 2023 tax year, the late-filing penalty for bare trusts would be relieved, provided the return and beneficial ownership information are ultimately filed. Other penalties may apply if failure to file was made knowingly or due to gross negligence.<\/p>\n<p>You can find out more about trust reporting by clicking <a href=\"https:\/\/wellington-altus.ca\/the-new-rules-for-trust-reporting-four-unexpected-scenarios\/\">here<\/a>.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>We hope you find the above information useful. Please let us know if you have any questions or concerns and we would be happy to discuss your individual situation.<\/p>\n<p>All the best,<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt\">The information contained herein has been provided for information purposes only.\u00a0 The information has been drawn from sources believed to be reliable.\u00a0 The information does not provide financial, legal, tax or investment advice.\u00a0 Particular investment, tax, or trading strategies should be evaluated relative to each individual\u2019s objectives and risk tolerance.\u00a0 This does not constitute a recommendation or solicitation to buy or sell securities of any kind.\u00a0 Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions.\u202f Before acting on any of the above, please contact your financial advisor.<\/span><\/p>\n<p><span style=\"font-size: 10pt\">\u00a9 2024, Wellington-Altus Private Wealth Inc.\u00a0 ALL RIGHTS RESERVED.\u00a0 NO USE OR REPRODUCTION WITHOUT PERMISSION.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 10pt\"><a href=\"http:\/\/www.wellington-altus.ca\">www.wellington-altus.ca<\/a>\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2023 tax year. Please note that these are a summary of some of the changes and may or may not apply to your situation.<\/p>\n","protected":false},"author":159,"featured_media":4191,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-4269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth-planning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2024 Tax Planning \u2013 Part 2 - Aspire Wealth Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 Tax Planning \u2013 Part 2 - Aspire Wealth Partners\" \/>\n<meta property=\"og:description\" content=\"As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2023 tax year. Please note that these are a summary of some of the changes and may or may not apply to your situation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Aspire Wealth Partners\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T15:45:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-10T21:19:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2024\/02\/Wealth-Planning-considerations.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aspire Wealth Partners\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aspire Wealth Partners\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/\"},\"author\":{\"name\":\"Aspire Wealth Partners\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#\\\/schema\\\/person\\\/eb7ebb32068e6753c525a611c1aabac2\"},\"headline\":\"2024 Tax Planning \u2013 Part 2\",\"datePublished\":\"2024-03-05T15:45:36+00:00\",\"dateModified\":\"2024-04-10T21:19:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/\"},\"wordCount\":1084,\"publisher\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/wp-content\\\/uploads\\\/sites\\\/147\\\/2024\\\/02\\\/Wealth-Planning-considerations.jpg\",\"articleSection\":[\"Wealth Planning\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/\",\"name\":\"2024 Tax Planning \u2013 Part 2 - Aspire Wealth Partners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/wp-content\\\/uploads\\\/sites\\\/147\\\/2024\\\/02\\\/Wealth-Planning-considerations.jpg\",\"datePublished\":\"2024-03-05T15:45:36+00:00\",\"dateModified\":\"2024-04-10T21:19:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/wp-content\\\/uploads\\\/sites\\\/147\\\/2024\\\/02\\\/Wealth-Planning-considerations.jpg\",\"contentUrl\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/wp-content\\\/uploads\\\/sites\\\/147\\\/2024\\\/02\\\/Wealth-Planning-considerations.jpg\",\"width\":800,\"height\":397,\"caption\":\"Wealth Planning considerations\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/2024\\\/03\\\/05\\\/2024-tax-planning-part-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2024 Tax Planning \u2013 Part 2\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#website\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/\",\"name\":\"Aspire Wealth Partners\",\"description\":\"Wellington-Altus Private Wealth\",\"publisher\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#organization\",\"name\":\"Aspire Wealth Partners\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/wp-content\\\/uploads\\\/sites\\\/147\\\/2019\\\/07\\\/Aspire-Wealth-Partners-Logo-Horizontal.svg\",\"contentUrl\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/wp-content\\\/uploads\\\/sites\\\/147\\\/2019\\\/07\\\/Aspire-Wealth-Partners-Logo-Horizontal.svg\",\"width\":1247,\"height\":321,\"caption\":\"Aspire Wealth Partners\"},\"image\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/aspirewealthpartners\\\/#\\\/schema\\\/person\\\/eb7ebb32068e6753c525a611c1aabac2\",\"name\":\"Aspire Wealth Partners\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e612f7a29496bf4aed7aac949e598642bdb1a8147974ca4dd9e63e8479e799f0?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e612f7a29496bf4aed7aac949e598642bdb1a8147974ca4dd9e63e8479e799f0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e612f7a29496bf4aed7aac949e598642bdb1a8147974ca4dd9e63e8479e799f0?s=96&d=mm&r=g\",\"caption\":\"Aspire Wealth Partners\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2024 Tax Planning \u2013 Part 2 - Aspire Wealth Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/","og_locale":"en_US","og_type":"article","og_title":"2024 Tax Planning \u2013 Part 2 - Aspire Wealth Partners","og_description":"As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2023 tax year. Please note that these are a summary of some of the changes and may or may not apply to your situation.","og_url":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/","og_site_name":"Aspire Wealth Partners","article_published_time":"2024-03-05T15:45:36+00:00","article_modified_time":"2024-04-10T21:19:24+00:00","og_image":[{"width":800,"height":397,"url":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2024\/02\/Wealth-Planning-considerations.jpg","type":"image\/jpeg"}],"author":"Aspire Wealth Partners","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aspire Wealth Partners","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/#article","isPartOf":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/"},"author":{"name":"Aspire Wealth Partners","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#\/schema\/person\/eb7ebb32068e6753c525a611c1aabac2"},"headline":"2024 Tax Planning \u2013 Part 2","datePublished":"2024-03-05T15:45:36+00:00","dateModified":"2024-04-10T21:19:24+00:00","mainEntityOfPage":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/"},"wordCount":1084,"publisher":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#organization"},"image":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/#primaryimage"},"thumbnailUrl":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2024\/02\/Wealth-Planning-considerations.jpg","articleSection":["Wealth Planning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/","url":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/","name":"2024 Tax Planning \u2013 Part 2 - Aspire Wealth Partners","isPartOf":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#website"},"primaryImageOfPage":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/#primaryimage"},"image":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/#primaryimage"},"thumbnailUrl":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2024\/02\/Wealth-Planning-considerations.jpg","datePublished":"2024-03-05T15:45:36+00:00","dateModified":"2024-04-10T21:19:24+00:00","breadcrumb":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/#primaryimage","url":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2024\/02\/Wealth-Planning-considerations.jpg","contentUrl":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2024\/02\/Wealth-Planning-considerations.jpg","width":800,"height":397,"caption":"Wealth Planning considerations"},{"@type":"BreadcrumbList","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/2024\/03\/05\/2024-tax-planning-part-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/"},{"@type":"ListItem","position":2,"name":"2024 Tax Planning \u2013 Part 2"}]},{"@type":"WebSite","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#website","url":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/","name":"Aspire Wealth Partners","description":"Wellington-Altus Private Wealth","publisher":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#organization","name":"Aspire Wealth Partners","url":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#\/schema\/logo\/image\/","url":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2019\/07\/Aspire-Wealth-Partners-Logo-Horizontal.svg","contentUrl":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-content\/uploads\/sites\/147\/2019\/07\/Aspire-Wealth-Partners-Logo-Horizontal.svg","width":1247,"height":321,"caption":"Aspire Wealth Partners"},"image":{"@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/#\/schema\/person\/eb7ebb32068e6753c525a611c1aabac2","name":"Aspire Wealth Partners","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/e612f7a29496bf4aed7aac949e598642bdb1a8147974ca4dd9e63e8479e799f0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e612f7a29496bf4aed7aac949e598642bdb1a8147974ca4dd9e63e8479e799f0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e612f7a29496bf4aed7aac949e598642bdb1a8147974ca4dd9e63e8479e799f0?s=96&d=mm&r=g","caption":"Aspire Wealth Partners"}}]}},"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/posts\/4269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/users\/159"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/comments?post=4269"}],"version-history":[{"count":3,"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/posts\/4269\/revisions"}],"predecessor-version":[{"id":4592,"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/posts\/4269\/revisions\/4592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/media\/4191"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/media?parent=4269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/categories?post=4269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/aspirewealthpartners\/wp-json\/wp\/v2\/tags?post=4269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}