Tax Planning for You and Your Family 2021 talks about the practical and right ways to save hard-earned dollars and boost your family's net worth. It is a collection to strategies on tax planning which is easy to understand. This 2021 edition shares information on recent tax rules that can affect private company owners and their families, including the taxation of split income and the new passive investment income rules. It also provides update on federal and provincial tax rates and tax credit amounts.

The publication offers new information on:

• Your tax obligations on taxable subsidies or benefits received from the government as part of its COVID-19 emergency measures
• Eligible home office expenses including certain expenses incurred because of the need to work from home due to the pandemic
• The latest guidance on recent changes affecting U.S. taxpayers in Canada and Canadians with U.S. income and property
• Updated round-up of Harmonised Sales Tax (HST) and provincial sales tax rates in effect across Canada

Tax Planning for You and Your Family is also available in French.

ProView eBook version is available through your web browser, or can be downloaded to your computer, tablet, or smartphone.