A Challenge for New Clients: How to Choose a Trusted Advisor

If you’re in business for yourself, you have a unique opportunity to build wealth in an asset class that others don’t have: equity in a business enterprise that some day may be sold for millions of dollars. In addition, that business can spin off income for family members that can provide significant tax advantages, done well. Understanding how to realize on this asset requires the help of a trusted financial advisory team. Who should be on that team and how do you find them? This is a challenge your next new business clients may wrestle with. Here are some tips on how you can open discussions to help them:

It’s one little line on the T1 tax return, and it’s important: Line 14099, followed by 14100. If you can unlock what is behind these boxes, you can become a reliable partner for a very special profile of taxpayers in a stable business in the midst of succession planning. The lines refer to farming income and specialists in this area of tax preparation are in high demand.

THE BEAUTIFUL, LUXURY HOTEL GRAND PACIFIC IN VICTORIA, BC. We are pleased to announce the location of the 2026 Acuity Conference for Distinguished Advisors (DAC), November 22 to 24 in pristine Victoria, BC.  Delegates will enjoy preferred room rates at the beautiful luxury Hotel Grand Pacific! Check out this spectacular venue and the instructions for reserving your rooms, below. First come, first served – we highly recommend you register as soon as possible for both the Conference and to reserve your rooms. We can help you. There are also some great seat sales on now!

Don’t Miss it!  The Advanced Line-by-Line  T1 Personal Tax Update starting at 8:15 CT on January 21! Delivered by an outstanding faculty of Canada’s top tax experts – Evelyn Jacks, Kim Moody, Ruth Horst and Sharon Conrod – this live virtual event is designed for professional tax preparers, accountants, and advisors.  It’s a full-day tax extravaganza to help you shake out the cobwebs, sharpen your technical knowledge, remember some “dark horses” of tax theory, to confidently prepare tax returns in the 2026 tax season. The agenda is packed with timely updates your whole team won’t want to miss. Register Now!

Happy New Year! If one of your resolutions for 2026 is to downsize, or at least sort through all that stuff you don’t need anymore, you may inevitably run across those tax files you’ve been keeping for decades. Just how long do you have to keep them? Do you need permission to destroy them? From whom? Read on to learn more. 

To prepare for a high quality, efficient and profitable tax season, you can count on Knowledge Bureau for a world class educational experience customized to your office needs. Here’s why that’s important: tax and estate planning are the fastest-growing service areas in the financial services. To embrace this trend with professionalism and business acumen, the key to success is your highly trained team. Consider the following:

Only 7% of all Canadian tax filers use paper. The CRA wants the number to be close to zero. To that end, it is taking steps to steer the holdouts to join the 93% who file electronically. Who are the winners in this push to digitization? It may well be the tax and financial services community.