Insights Tax And Estate Planning

2025 year-end tax planning tips

Jamie Golombek outlines 5 timely actions to consider before December 31 that can help you keep more of what you’ve earned and grow your wealth for the future.

Jamie Golombek Nov. 07, 2025 5-minute play time

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Key takeaways

Tax planning is a year-round process

Most opportunities to reduce taxes need to be acted on before December 31, which makes proactive planning essential.

Top 5 year-end tax strategies

Consider these 5 opportunities to help preserve your wealth and strengthen your overall plan before December 31:

Potential tax-loss selling
Making charitable donations
Strategizing Registered Education Savings Plan (RESP) withdrawals while beneficiaries are in school
Supporting family through First Home Savings Account (FHSA) contributions
Applying now to reduce 2026 tax withheld at source

What’s new for 2025

With the prescribed rate dropping to 3%, families may want to explore income-splitting opportunities through prescribed-rate loans while the rate remains favourable.

To learn more, read Jamie Golombek’s 2025 Year-End Tax Tips Report (PDF,320 KB) Opens a new window.

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Presented by

Jamie Golombek, FCPA, CPA, CA, CFP, CLU, TEP
Managing Director, Tax & Estate Planning, CIBC Private Wealth

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2025 year-end tax planning tips

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Key takeaways

Tax planning is a year-round process

Top 5 year-end tax strategies

What’s new for 2025

Ready to reach out?

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