Tax tasks for retirees before 2018 runs out

Get out those calendars: It's time for RRIF enrollment, tax-loss harvesting, mutual fund capital gains distributions, and more.

Matthew Elder 2 November, 2018 | 5:00PM

After years of earning income from work and investing as much as possible to build a nest egg, you might think your retirement years would be comparatively free of financial planning and paying tax. But if you were responsible about setting money aside for retirement and invested it wisely, the golden years require a good deal of money management to ensure you will continue to live well for many years to come.

This involves prudent investment management to retain some growth in your portfolio, yet protecting your capital -- which you can ill afford to lose now that you no longer have employment income from which to replace it. It also requires careful fiscal planning to keep as much of your nest egg as possible out of the hands of the tax man.

The following are some tax and investment matters to consider as the year winds down:

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Matthew Elder

Matthew Elder