GST Holiday Ends This Week: Lost Aversion Kicks In
The GST holiday which began in December comes to an end on February 15th and the fallout for consumers and businesses could linger for longer than the two month exemption itself. Announced by the Prime Minister and then Finance Minister on November 21st, the end of the break will mean Canadians must once again pay more for common children’s items in particular. Further, businesses will gain incur costs to reprogram point-of-sales and accounting systems.Disability Tax Credits Change Highlights Audit-Proofing
Audit-proofing strategies must be implemented by tax professionals and their diabetic clients receiving disability tax credits in light of the CRA’s new interpretation of the rules.
Decline in EI Beneficiaries Points to a Strong Canadian Economy
The latest numbers from Statistics Canada report a decrease in the number of regular Employment Insurance (EI) beneficiaries, supporting the overall strength of the Canadian economy, reported yesterday by the Finance Minister.
Capital Gains Deduction Part III: Changing the Rules, Again
The federal government has recently back-tracked on their plan to limit access to the capital gains deduction available to shareholders in a family business corporation, and that’s a very good thing, as the proposals would have cost family businesses a lot of money.
Advisors’ Approach to Retirement Planning – What’s New?
The world has changed dramatically over the last couple of decades—and that requires that tax and financial advisors adapt their strategies for pre-retirees. Recognizing the current economic and societal changes drivers, it appears that debt management, and debt reduction strategies at various life stages, require more attention. This will be a key planning theme at Knowledge Bureau’s upcoming CE Summits.
The Pot Factor: Authenticity Matters in Insurance Planning
The legalization of Marijuana is coming in time for Canada’s next birthday party, reflecting new government priorities, and unique societal trends. This indeed will impact the work tax and financial advisors do. Your clients may or may not want to talk to you about this. Yet, insurance and financial advisors need to understand the financial implications of this major change in Canada. This year’s Distinguished Advisor Conference will help prepare for the issues you need to discuss in a world filled with disruption — including the legalization of marijuana.
Greatness in Leadership on the Executive Business Builders Network
As Shakespeare said in Twelfth Night, “Some are born great, some achieve greatness, and others have greatness thrust upon them.” In establishing your new value proposition and leadership challenges in a growing business climate, which of these applies to your great potential?
