Yup, the real end of year is almost here. The last real business day is December 29th, 2011 (you know, Friday). Have you got all of the things done you needed to get done for the End of 2011?
What kind of things do I mean?
- Taxes if you pay quarterly or monthly for one thing, pay them first. If you haven't sent in your taxes for 2010, it might be time to start thinking about it soon. Consider doing it as soon as possible.
- RESP contribution. Bursaries tend to be paid quarterly. It is still important to get as much out of this system as you can. Tuition fees are not going to be dropping any time soon!
- RRSP contribution, yes, I know you can wait until February 29th, but you could make one now too, and you'd have two months of growth?
- Charitable donation, better get those in right now, for it to count for your taxes. I have worked on the collection at my Church. A significant amount of money appears this last week of December. Please get it in soon.
- RDSP contribution: Yes, this has an overall maximum. However, the sooner the money is in place, the longer it has to grow.
- Tax loss selling? Too darn late for that one, the deadline for that was December 24th.
Any others that I may have missed? You have 2 days left!
Friday is the last business day indeed, but it is December 30th 🙂