This is it — the final year of lower US rates. My top priorities for clients: large Roth conversions at current rates, exercising stock options, taking capital gains while the rate is lower, and reviewing W-4 withholding. On the Canadian side, I'm focused on RRSP/FHSA contributions and loss harvesting. Call me if you haven't done your year-end planning yet.
I keep a close eye on developments like these so my clients don't have to. Tax law changes can significantly affect your filing strategy, and I believe the earlier you understand them, the better positioned you are to plan effectively.
Whether you file in Canada, the United States, or both, staying current on these changes is essential. In my cross-border practice, I've seen firsthand how policy shifts in one country can create unexpected obligations — or opportunities — in the other.
If you have questions about how this affects your specific situation, please don't hesitate to reach out. I'm here to help you navigate these changes and make the best decisions for your financial future.