— Hard to believe 2026 is almost wrapped! Before you pop the champagne, take 10 minutes to run through these 9 quick tax and portfolio housekeeping items: 1. TFSA Top-Up & Withdrawals Max out your $7,000 limit for 2026. Pro-tip: If you need cash early next year, pull it out before Dec 31 so that limit pops right back into your contribution room on Jan 1. 2. FHSA Strict Cutoff Have you opened your FHSA? If yes, got FHSA room? Put in your $8,000 before December 31. FHSAs don't have that extra Jan/Feb grace period like RRSPs if you miss the deadline, you miss the 2026 tax deduction! 3. Turning 71 This Year? If you turned 71 in 2026, Dec 31 is your hard deadline to convert your RRSP into a RRIF or annuity. Make sure to squeeze in your final RRSP contribution before you flip the switch. 4. RESP Free Money Drop $2,500 per kid into their RESP before Dec 31 to grab the full $500 free government match (CESG grant). Don't leave free money on the table! 5. Did You Know? (Charitable In-Kind Gifting) Did you know you can donate appreciated stocks directly to a registered charity? If you gift shares instead of cash before Dec 31, you pay zero capital gains tax, and you still get a tax receipt for the full market value. Huge win-win. 6. RRSP Game Plan You technically have until March 1, 2027 to hit your RRSP limit for 2026, but mapping it out now stops the last-minute stress. 7. Tax-Loss Harvesting Sitting on non-registered losses? Sell underperforming holdings to offset capital gains. Just remember settlement dates and watch out for the CRA’s 30-day superficial loss rule! 8. Promo & Cash-Back Check Did you move accounts or jump on a broker transfer promo this year? Double-check that all transfers are fully settled and requirements are checked off so your bonus hits. 9. Paperwork Refresh Year-end is the perfect time to review your beneficiary and successor designations across all your accounts, specifically registered accounts. Takes 2 minutes and saves massive headaches for your family down the line. - Quick Funds to Consider Core Anchors: $XIC / $VCN (Broad Canadian market) | $VDY / $XIU (Dividend blue chips) $VOO (S&P Index) Park Cash: $CASH / HIGH (High-interest savings ETFs for risk-free yield) Tax-Efficient (Non-Reg): $HXT / $HXDM / $HXEM (Corporate Class ETFs to eliminate annual dividend drag) How’s your portfolio looking as we head into 2027? Any final moves you’re making before Dec 31? — This is for informational and educational purposes only.
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