Disability Tax Credit Certified Impairments: Survey Says “No”
The federal government has made its intentions clear that there will be an expansion of those who are eligible to certify an individual for the Disability Tax Credit. Our May poll results are in. 83% of our readers voted against allowing public trustees, guardians and departments supporting Indigenous Services to certify impairments for the Disability Tax Credit.Mark Your Calendar: RSVP by June 15 for DAC, Fall CE Summits
The early bird registration deadline for the 2019 Distinguished Advisor Conference in Puerto Vallarta is coming up on June 15. Be sure to check out the outstanding guest speaker list who will address the theme: Powerful Competition: The Secret to Economic Resilience.
Newly Updated Course: Provide Expert Help When a Taxpayer Dies
Statistics Canada estimates the deaths in 2017/2018 numbered 142,331, and every single one requires that a final return be prepared and filed. Estate and final returns can be accompanied by a costly tax bill, especially if the client has a significant estate, assets, or savings. That’s where a highly qualified tax specialist comes to the rescue of executors who are responsible for filing the final return of the deceased.
Financial Planning: Debt, Assets and Tax Change in Retirement
Seniors may be grappling with significant financial literacy challenges in retirement. According to a Statistics Canada study released on April 3, 2019, a greater number of seniors are in more debt than past generations, and one of the big reasons is mortgage debt. Together with higher taxes, “new” retirement income planning requires a close look at the net worth statement, followed closely with tax projections to maximize both income and savings.
It’s Sustainable: Canada Pension Plan Outlook
The Canada Pension Plan (CPP) has earned an average return of 11.1% over the past ten years, and as of March 31, 2019, its value was $392 billion dollars. But, with longer life spans and the boomer generation retiring, will that be enough? Here’s a look ahead at how Canadians will fare as changes to the CPP program occur:
Advisors Have a “Complex” Relationship with Digital Disruption
Is digital disruption a threat or an opportunity? We asked tax and financial advisors whether they think it is an advantage in their business, which helps drive value, or a threat to their industry? The answer isn’t entirely black and white for most, but what’s clear is that clients value face-to-face advice.
Tax Tip: Interest Costs on Investments with Diminished Value
Market volatility can bring unsavoury investment results. If you panicked and locked in your losses in your non-registered investment accounts, you may find that you are still stuck paying an investment loan. Is that interest going to be tax deductible? Read on to learn more:
