Managing Your Personal Taxes 2018-19

A Canadian Perspective

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How can you turn tax complexity into tax savings?

30 September 2018

It’s no secret that tax can be pretty pervasive and complicated — personal taxes perhaps the most of all.

At EY, we’re committed to doing our part in building a better working world. And we start with the world that matters most to you — your world. So we want to help make things a little easier for you when it comes to your personal taxes.

To build a better world, you need to ask better questions. How can I sort through the myriad tax credits to find the ones that are right for my situation? What tax deductions can I make for my kids? What do I need to know before buying a house or making any other major investment? Is an RRSP or a TFSA the better plan for retirement?

In the following pages, you’ll find tips, strategies, suggestions and important updates that we hope will inspire you to ask yourself questions. Finding the answers can help you understand your tax situation, plan for the future, benefit from government incentives and — perhaps most important — save you time, money and, hopefully, stress. New this year is our feature chapter on the revised tax on split income rules.

For more tax-planning ideas and savings, visit us at, or contact us at the EY office nearest you, listed at the back of this book.

Unless otherwise noted, all currency figures are in CDN$.

This publication contains information in summary form, current as of 30 September 2018, and is intended for general guidance only. It should not be regarded as comprehensive or a substitute for professional advice. Before taking any particular course of action, contact EY or another professional advisor to discuss these matters in the context of your particular circumstances. We accept no responsibility for any loss or damage occasioned by your reliance on information contained in this publication.