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Stock impact report

Personal tax items to consider for clients in 2026 [Advisor.ca (Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Company Research Source: Advisor.ca
As you discuss tax planning with clients in the new year, here are some items to consider. Tax withheld at source If a client will be claiming a significant amount of tax deductions or credits in 2026 — including RRSP contributions or child care and medical expenses — they can apply to the Canada Revenue Agency (CRA) for reduced withholding tax on their paycheque to avoid a tax refund later. “The time value of money is always important,” said Aurèle Courcelles, vice-president of tax and estate planning with IG Wealth Management in Winnipeg. A client could request to reduce tax deductions at source if, for example, they'll be making a significant charitable donation using a donor-advised fund. And if the client moves money from a taxable account to a donor-advised fund early in the year, the client creates “a bigger pot of money” to donate, Courcelles said. “The sooner you put it in, the sooner that money starts to grow tax-free.” Another example is a young client who makes Show less Read more
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