Tax season is here
Your season is in full swing. It’s a new year and playoffs will be here before you know it. For most North American professional hockey players, tax deadlines and playoffs are around the same time. The timing is not ideal. Instead of waiting until just before the deadline, I encourage you to put some time into your taxes now. Talk with your advisor to see what is needed so you aren’t worried about this during your playoff push.
In part 1 of 5, I discuss the difference between tax preparation and tax planning.
Tax preparation is the service of filing your tax return properly. Things to pay attention to include
- Asset location
- RCA Trusts
Stay tuned for Part 2!