Canada Needs a Financial Plan
According to a July 23 publication by the Fraser Institute, we are getting poorer here in Canada and the prospects for economic growth are looking grim. This should be of concern to every Canadian concerned about their “real income” – that’s their purchasing power – and by extension - their ability to fund consumption now and for important family milestones in the future: retirements, education and homeownership. It’s grim, but there are practical suggestions for a turn around plan. Here’s a synopsis of the report.It’s a Minority Liberal Government – What Can We Expect?
With a Liberal Party minority forming government after this week’s election, the big question on the minds of many taxpayers is, are taxes going to rise and, if so, for whom? This important milestone opens new opportunities for advisors’ discussions on year-end tax planning and important topics like investment, retirement and succession planning.To help you navigate through what’s to come, based on the Liberal election platform, this Knowledge Bureau Special Report runs through some of the more significant provisions announced in the Liberal Election Platform, as costed by Parliamentary Budget Office.
The Proposed New BPA: It’s Complicated
The new government has pledged changes to the Basic Personal Amount (BPA), but in doing so, has introduced significant complexity into the calculations, especially for higher-income earners. These changes are scheduled to begin in 2020 and targets taxpayers with incomes below $150,605 and $214,557 as explained below:
Election Expenditures: The Promises to Discuss Before Year-End
Highlights of some of the important tax expenditures planned by the new government, which translate into the promises made for targeted recipients, will form an important part of year-end tax planning this year. Tax and financial advisors may wish to discuss what’s coming up with their clients now, and review financial decision-making with new insights into the promises made by the Liberal government.
Emerging Trends in Wealth Management the Focus at Second Vantage Event
The second in a series of new professional development opportunities, The Vantage Series, presented by the Investment Industry Association of Canada and Knowledge Bureau will take place on Monday, October 28th from 11:30 a.m. to 1:30 p.m. at the National Club in Toronto, featuring thought leadership from four outstanding CEOs who will provide invaluable insights to advisors on the theme: Evolution and Change in Wealth Management Services.
Tax Issues from the Election: Fall CE Summits
The November CE Summits, taking place in Winnipeg, Toronto, Calgary and Vancouver from November 4-7 focuses on year-end tax planning with investors and small businesses. But will also help you better interpret the effects of the election tax promises and what the results mean for what Canadians can anticipate over the next four years.
Understanding Strategic Philanthropy Now Easier with MFA-P™ Program
The newest program from CAGP, Knowledge Bureau and Spire Philanthropy, the MFA-P™, Master Financial Advisor – Philanthropy was featured in today’s Globe and Mail, highlighting how its educational content makes understanding strategic philanthropy easier, enabling more in-depth conversations between advisors and clients.
