Download PDF: 2026 Personal Financial Checklist
The start of a new year is a natural checkpoint... a moment to review what’s changed, what still matters, and what needs attention in the year ahead.
Newport’s 2026 Personal Financial Checklist is designed to support that process with a structured, month-by-month overview of key financial actions, from investment and tax planning to charitable giving, estate considerations, and major contribution deadlines.
Here are some important details for the first quarter of the year to get you started:
January
- Review prior year’s investment portfolio and discuss your 2026 strategy with your Portfolio Manager.
- Review life events: if significant changes occurred – births, deaths, marital breakdown or major asset transactions – update your Will(s), Powers of Attorney, and beneficiary designations to reflect current wishes.
- Pay interest on prescribed rate loan by January 30th.
February
- Maximize RRSP and TFSA contributions to take advantage of tax-sheltered compound growth.
- Consider opening TFSA and FHSA for children over the age of 18. RRSPs could be considered if a child is earning income and filing tax returns, regardless of age.
- Contribute to RESPs early to take advantage of compounding. Review past unused contribution room, as one year’s contribution can be carried forward in a given year to receive government grant.
March
- For taxpayers remitting quarterly, the first tax installment is due on March 15th.
- File trust tax and information returns by March 31st, no later than 90 days after year end.
- Review trust reporting requirements for trusts with a December 31, 2025, year-end with your accountant. Evaluate the continued effectiveness of your trusts.
Get the full checklist now to find out what you should focused on throughout the year.
If part of your plan involves a review of your investment portfolio, we invite you to get in touch. We’d be happy to arrange a call with a member of our wealth management team to learn more about Newport’s pragmatic and strategic approach to protecting your wealth.
