Claiming Medical Expenses: Free Healthcare?
Free Health Care? Did you know that Canadians spend on average more than $1,000 on medical expenses each year? It’s estimated that government programs, via our taxes, cover about 72% of medical expenses, which means that we pay for the rest. Your clients may be over-paying on their taxes because they don’t know about medical expense deductions.First Annual National Conference on Pensions for CCPCs
About 1.4 million Canadians are business owners under the age of 71 who are receiving some form of T4 income from their own companies, and there’s an opportunity to trigger massive tax savings with 7 extra deductions beyond what the RRSP offers. Why should your clients give that hard-earned cash to the CRA when it can be put to work in a tax-sheltered account in their name instead? Learn more at the first annual virtual Pension Conference for Accounting Firm Partners and their staff taking place on November 30, 2021!
The MFA-P Advantage: Why Philanthropy as a Strategy Makes Good Sense This Year
Chelsey McEwen, BA, RRC, MFA-P™ shares her experience in perusing her MFA-P™ Philanthropy Designation. She was “looking for a focused approach to more niche planning that isn’t talked about that much in the industry.” It may make good sense for you and your clients too. Here’s why her insights matter:
Tax Literacy Matters
It’s financial literacy month and that includes tax literacy. High income earners, for example, will be interested to know that the RRSP maximum dollar limit - $30,780 – was recently announced for 2023.
Breaking News: Retrain Manitoba Program
APPLY NOW: A $12.5M Retrain Manitoba Program that was just announced will reimburse Manitoba businesses up to $2,500 per employee for any training relevant to their industry and role. Tax accounting and financial services business owners can use the money to train new and returning staff for tax season 2022, retroactive to April 1, 2021 will also be eligible to apply for reimbursement. Those who have trained their teams with Knowledge Bureau, and meet all other criteria, will be eligible for reimbursement through this program.
CCB Young Child Supplement 2021
Canada Child Benefit (CCB) amounts increased again in 2021. Technically, the base amount did not change until July, but a supplement was added for younger children for the full year. This supplement has a big acronym attached to it: the Canada Child Benefit Young Child Supplement (CCBYCS).
New Marketing Trends: Become Digitally Disruptive to Grow
The global pandemic has driven millions of consumers to online shopping and digital commerce, and that has altered their relationship with tax accounting and financial advisors’ firms too. Will things ever go back to the way they were? Likely not, but here are four important marketing tips that can help you propel your business growth in 2022 from a leading Canadian social media expert.
