As a tumultuous year comes to a close, and Canadians turn their thoughts to holiday shopping and social gatherings, Ernst & Young is offering 12 days of tax gifts worth peeking at now.

The firm says tackling these tips by December 31 could help your bottom line and get your new year off to a good start.

On the first day, check your list of expenses - twice. Some can only be claimed as tax deductions if the amounts are paid by the end of the calendar year, including interest expense, investment counsel fees and safety deposit box fees.

Check back to ILSTV for the next 11 days to get the remainder of the tips.