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:The Power of Assumption: A Tax Context
The Canada Revenue Agency (“CRA”) is a body corporate that, inter alia, carries out the duties and functions of the Minister of National Revenue (“Minister”). The CRA routinely audits Canadian taxpayers in order to ensure compliance with various taxation legislation, including the Income Tax Act and the Excise Tax Act.
Audit Defence at the September 23 CE Summits
Join Knowledge Bureau President Evelyn Jacks, and guest speakers for a full professional training experience at the next Virtual CE Summit on September 23, 2021. Everything is included, even the food, when you RSVP by August 23!
Government Extends CRB and Other Pandemic Benefits
The federal government has extended pandemic support benefits, in the midst of a reopening of the economy; many believe in advance of a federal election announcement expected soon. However, the benefits have significant changes in them. This report provides an overview of the CRB, the Canada Recovery Benefit changes.
New CERB Reimbursement Form Introduced
In an unfortunate series of miscommunications, self-employed people were given inaccurate information about eligibility requirements for claiming CERB in 2020. Under heavy warnings to repay the benefits they may have received, many reached into their pre-Christmas cash flow to do just that. Now with new Form T183E, the money can be recovered again. Application processing began June 15 and applicants can expect reimbursement within 90 days.
CERB Refunds: Am I Owed Interest?
To address the self-employment gross vs. net issue, the Government of Canada registered the Canada Emergency Response Benefit and Employment Insurance Emergency Response Benefit Remission Order (“Remission Order”) on May 12, 2021. The Remission Order redresses the self-employed workers who did not qualify for CERB because of the gross vs. net issue by providing that a self-employed Canadian earning less than $5,000 in net income who received CERB, who otherwise would have qualified for CERB, need not return the CERB monies.
Why is Real Wealth Management Important to Trusted Advisors?
Why is Real Wealth Management™ so important to trusted advisors? Find out at 10:30 CST today in a free Meeting of the Minds and check out these comments from leading advisors in Canada on their Aha Moments. Plus, as bonus you will save $100 when you enrol in the program.
