As the year ends, remember there are investment things you might still need to do. It would be better to get most of this done earlier than later.
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Monday, December 25, 2023 – Christmas Day
- Canadian and U.S. stock markets closed
- Bank branches Closed
Tuesday, December 26, 2023 – Boxing Day
- Canadian markets closed
- U.S. markets open
Wednesday, December 27, 2023
- A great day to try to get all of the end of year stuff done! You have 2 banking days for the transaction to clear.
- Take your losses or profits for taxes? Do that today if you want it on your 2023 return.
- Did you get some cash for Christmas? Maybe spread the joy and give to a charity. That way it counts towards your 2023 return.
- Do you pay your taxes quarterly? Today would be a good day to pay it if you haven’t already.
Thursday, December 28, 2023
- You are cutting it close, but it might be OK today.
Friday, December 29, 2023 – Last Banking Day for 2023
- The last settlement date to record a disposition as a gain or loss in the 2023 taxation year is cutting it close. Do whatever you need to do BEFORE noon Eastern time.
- Deadline to submit registered plans contribution and withdrawal requests for the 2023 tax year:
- Tax-Free Savings Account (TFSA) withdrawals
- Retirement Savings Plan (RSP) withdrawals and Registered Education Savings Plan (RESP) withdrawal or contributions requests
- RESP and Registered Disability Savings Plan (RDSP) contributions, for 2023
Santa wants to make sure you have a good tax return for 2023.
