We have received many inquiries about how to position portfolios and what steps to take this year as a result of some upcoming tax changes. As you may be aware, certain provisions of the Bush tax cuts are set to expire at the end of this year. Additionally, new taxes on investments and increases to income taxes for certain taxpayers will come as a result of the new health care legislation set to begin in 2013.
We found an excellent piece written by RBC Wealth Management and have posted it to our website for your review. Click here to read the piece: Preparing_for_a_new_tax_environment
As always, your personal circumstances, tax picture and planning goals are unique and the expected changes may or may not change your investment holdings or profile.