Generations Building Wealth Differently
Can Canadians build wealth in the current economic environment? Over the longer term? After taxes? These are important questions anytime but particularly at election time. The traditional way to build wealth for Canadians families has been to buy a home, pay it off and even leverage the equity to borrow money to invest in the financial markets. These wealth building exercises occur over a lifetime. But today, new generations are building wealth differently.What’s New with TOSI
In 2017, legislation was passed introducing new tax on split income (TOSI) rules in effect for 2018.* Understanding TOSI and the new changes is vital to protect those who receive distributions from a private corporation from audit risk. Here are the changes you need to know:
Giving Thanks at Thanksgiving
Gratitude is a powerful force. When we take the time to focus on the abundance of good fortune we have, it can have a really positive affect on our personal outlook and the relationships around us. With Thanksgiving just around the corner, please accept our wish for the joy of gratitude as you share time with friends and family, and a sincere thank you for making Knowledge Bureau your educational home. We are grateful and we would like to share a gift with you.
Seniors Get 1% Raise Starting in October
Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) are indexed quarterly through a somewhat complicated formula designed to keep pace with the Consumer Price Index. But we now know what the total benefit will be for 2019, and what planning needs to take place to maximize it.
September Poll: Canadians are Ready for a Meaningful Tax Reform
With the federal election in full swing, tax changes and promises abound. Last month we asked you what you really thought about one key issue: is this the right time for a meaningful tax reform in Canada? The results are in, and overwhelmingly Canadian advisors are ready for a change as 92.37% said yes. Their comments are worth the read: astute and thoughtful.
RSVP for OCT. 28 – Vantage Series: 6 CEOs On What It Takes To Win in Financial Services
Will you be in Toronto October 28? Then make sure you reserve your spot at the next Vantage Series Event on October 28 at the National Club. Get up close and personal with top CEOs on Bay Street and beyond, as they give you their views on future of wealth management. Don’t miss this opportunity to meet the leaders who will share insightful “aha” moments with you. Here are the details:
Job Vacancies Up in the East, But Not in the West
On September 20, 2019, Statistics Canada released the 2nd quarter report on Canadian job vacancies* and things are looking good for Canadian employees. Bottom line: good jobs appear to be available, with vacancy rates at their highest levels since 2015. Where are we seeing the biggest growth in job opportunities and how is the financial services industry performing? Let’s look at the numbers:
