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.Veterans with Pensions Need Help
Approximately 7,600 Canadian Armed Forces personnel leave the Canadian Armed Forces every year with significant tax-free resources for their future. This number includes about 1,000 personnel released for medical reasons beyond their control. They could use your help.
Life Purpose
"There is learning in every experience. Change your attitude about your presumed outcome and simply ask yourself, what did I learn from this experience?" — Debbie Donsky, educator and principal in York Region
“Head in the Sand” Costly Approach to U.S.-Canada Tax Issues
Many Canadians have properties in the U.S. and regularly spend time there. Unfortunately, many of them also tend to take an “ostrich” approach to the related tax issues. That can be very expensive in the long run. If you are a tax or financial advisor serving snowbirds or other clients with U.S. assets, it is imperative to take a proactive approach to protect their wealth from the tax consequences in multiple jurisdictions.
Extend Your Expertise and Grow Your Business Preparing T3 Returns
Income earned by an estate during any tax year must be reported as a T3 return. Knowledge Bureau’s new T3 Basic Tax Preparation course will help students learn who should file a T3 return, as well as when and how best to file it. The course also introduces the types of trusts that may be created in Canada and how each of them is taxed.
In November, Kelowna will be the spot to mingle with financial services excellence
Have you marked your calendar yet to attend the fourteenth Annual Distinguished Advisor Conference (DAC)? With the Canadian dollar being so low, there never has been a better time to jet off to British Columbia than now. And that’s especially important when you’re looking to stretch your professional development budget.
People in the News
Add value to your career with the MFA-Business Services Specialist designation, like Johnson Obayuwana from Regina, SK.
