This Month’s Poll
The automobile deduction limits raised — the CCA ceiling for passenger vehicles to $39,000 plus tax for 2026. In your opinion, is that high enough?Wealth Preservation Strategies: Time to Shore up Knowledge on Inflation and Taxes
Inflation rose in June and again in July to reach the Bank of Canada’s 2% target inflation rate for the second time in the second consecutive quarter. Why is that important? This article explores the effect of inflation and taxes on prices and asset values, as well as why savers and their team of advisors from the tax and financial services need to pay attention at a time when recession fears are rising.
The DTC: When Someone in the Family is Very Sick
When someone in the family is very sick – and markedly restricted in their daily living activities — the tax system can help with some financial relief to pay for the costs of care. One of the most lucrative of the various tax provisions is the Disability Tax Credit (DTC). In fact, it can amount to over $2,000 a year in some cases. But, claiming it is subject to significant scrutiny by the CRA, so it’s worth a trip to see a DFA-Tax Services Specialist™ for help. Here’s what you need to know:
How to Withdraw Money from an RESP
Just over 2 million Canadians are enrolled in post-secondary schools in Canada and about half of them incur debt to get through school. According to a recent survey by Maclean's magazine, nearly two thirds of them don't have an RESP. Fortunately, at least a third of them do. Here's how withdrawals from an RESP work:
The Distinguished Advisor Conference Explores Economic Resilience in Uncertain Times
Is the next recession just around the corner? This week, as G7 leaders grappled* with both jittery stock markets and potential recessionary winds, the talented speakers at the 16th annual Distinguished Advisor Conference (DAC) are preparing to challenge financial advisors to consider how resilient their clients’ financial affairs will be in this time of political and economic uncertainty.
DAC Delegate in the News: Michelle Crouse, Wealth Advisor
Michelle Crouse, Wealth Advisor and regular attendee of the Distinguished Advisor Conference (DAC) shares some of the highlights and provides insight on how learning from the DAC speakers has helped her in her practice.
A New Way to Pay: E-Transfer at Knowledge Bureau
We are pleased to offer our current and prospective students a new way to pay for their tuition fees with Knowledge Bureau, and avoid expensive credit card fees. E-Transfer is now an available payment option for online studies or in-class add-ons. It’s a convenient option to help you keep credit card balances down, too.
