Tax Savings Tips: Make the most of your tax deductions

Tax Savings Tips

Discover ways that can help you make the most of your tax savings.

Expert’s Corner

 

Expert tax tips for preparing your return: PDF document (160 KB)

Timely tax return advice to help you avoid common, potentially costly errors when preparing your tax return

2014 Federal Budget

CIBC's Jamie Golombek offers insight on the federal budget and how it may impact you.

Getting the Most Out of Your RRSP: PDF document (120 KB)

An RRSP is one of the best ways to save for retirement, providing both a tax deduction for contributions and allowing you to avoid paying tax on the accumulated investment income inside the plan.

The RRSP, the TFSA and the Mortgage: PDF document (300 KB)

Making the best choice for saving via an RRSP, TFSA or debt repayment

2013 Year End Tax Tips: PDF document (160 KB)

Eight important strategies to focus on prior to year end.

Bye-bye Bonus!: PDF document (650 KB)

Why small business owners should favour dividends over a bonus.

Blinded by the Refund: PDF document (70 KB)

Why TFSAs may beat RRSPs as better retirement savings vehicles for some Canadians.

Planning with RDSPs: PDF document (100 KB)

People with disabilities and their families have an important tool in their planning toolkit: the Registered Disability Savings Plan (RDSP).

Videos

How should I file my tax return if I have no income?

How should I file my tax return if I have no income

Tips on filing your tax return in years when you have no income

Read transcript

Articles

Save for retirement in an RRSP or TFSA?

As the RRSP deadline approaches, some Canadians wonder where they should invest in a TFSA instead.

Learn more: Save for retirement in an RRSP or TFSA?

About RESPs

A Registered Education Savings Plan (RESP) is a tax-deferred investment plan that helps you save for a child’s post secondary education, so that you’ll have the funds you need, when you need them.

Learn more: About registered education savings plans (RESP)

Benefits of an RESP

There are many benefits to saving for your child’s post-secondary education with a CIBC Registered Education Savings Plan (RESP).

Learn more: Benefits of an RESP

Government Grants and Incentives

Government grants and incentives are available to help you build your RESP savings.

Learn more: Government grants and incentive

CIBC Disability Savings Plan (DSP)

The federal government has Registered Disability Savings Plans (RDSPs) to help parents and other individuals save for the long-term financial security of a person with a disability.

Learn more: CIBC disability savings plan (DSP)

About RDSPs

Any person can be a beneficiary of an RDSP if he/she meets the criteria.

Learn more: About registered disability savings plans (RDSP)

CDSGs and CDSBs — Assistance from the Government of Canada

Contributions to an RDSP may qualify for a Canada Disability Savings Grant (CDSG) of up to $3,500 per year.

Learn more: CDSGs and CDSBs — assistance from the Government of Canada

Tax Filing Made Easy

Whether you file your own taxes or have them done by a professional, an organized approach can save you time and money.

Learn more: Tax filing made easy

Are You Making the Most of the Dividend Advantage?

Learn how to get the most advantage out of dividend income through tax credits and mutual funds.

Learn more: Making the most of the Dividend Advantage

Cut Through the Financial Clutter and Take Control

Holding multiple bank accounts and RRSPs at different institutions can make your investments less diversified.

Learn more: Cut through the financial clutter and take control

Test Your TFSA Knowledge

Take our quiz to see how much you really know about tax free savings accounts.

Learn more: Test Your TFSA Knowledge

Close

Get Started

Call us at 1-800-465-3863

Tools and Related Links