Illustration représentant la planification fiscale avant la fin de l’année. On y voit une grande horloge, une calculatrice, des pièces de monnaie dorées, une pile de documents et un calendrier indiquant le 31, symbolisant l’échéance du 31 décembre pour optimiser sa fiscalité.
Back to articles

It’s Time to Optimize Your Taxes Before December 31!

RRSPs, flow-through shares, tax losses: strategies to put in place before December 31 to lighten your tax bill.

2 min read

The end of the year is fast approaching… and with it, a golden opportunity to optimize your tax situation for 2025.

Why act now?
Certain tax strategies must be put in place before December 31  or by February 28, 2026 to qualify for this year. Here are a few avenues to consider:

  • ✅ RRSP contribution or setting up an RRSP loan
  • ✅ Purchase of flow-through shares to reduce your tax
  • ✅ Review of your investment income and tax losses
  • ✅ Planning strategic withdrawals or contributions

Every dollar saved in tax is a dollar working for you.
I suggest a quick meeting to review your situation and identify the most advantageous strategies for your profile.

Looking forward to helping you maximize your tax advantages before the end of the year!

Bar chart showing the tax impact of an RRSP contribution for an employee earning $100,000. The first bar, “Without RRSP contribution”, shows about $25,000 in tax payable. The second bar, “With RRSP contribution”, shows about $18,000. The third bar, “Savings”, shows tax savings of about $7,000.

Here is an example of an employee in Quebec with net taxable income of $100,000 who makes an RRSP contribution of $20,000 for the 2025 tax year.

It is possible to contribute to an RRSP every week, every month, every two weeks or once a year. The RRSP contribution can also come from an RRSP loan. 

To book an appointment

Other moves to consider before year-end

Beyond the strategies mentioned above, a few simple checks may be worthwhile before the year wraps up:

  • Contribute to your TFSA if you have unused room, or plan your contributions for the new year;
  • Make RESP contributions for your children to take advantage of the government grants you may be entitled to;
  • Make your charitable donations, which may qualify for tax credits;
  • Review your tax instalments if you are self-employed or incorporated.

Beware of rushed decisions

Year-end creates a sense of urgency, but a tax strategy should never be improvised. Flow-through shares, for example, carry significant risks — a volatile resource sector, limited liquidity, a speculative nature — and are not suitable for every profile.

Likewise, an RRSP loan is still a loan that must be repaid: it is a lever that can make sense in certain situations, not a universal solution. None of this amounts to a guaranteed saving; everything depends on your income, your tax rate and your goals.

Every situation is unique

The example shown above is for illustrative purposes only: your result will depend on your own situation. That is why I always recommend a personalized review, working with your tax specialist or accountant where needed.

If you would like to take stock before the end of the year, the Pérennité Wealth Management team is available to discuss it, simply and without pressure. Contact us to book a meeting.

Similar Posts