Why Economic Growth is Job #1

It’s provincial budget season, with a federal election coming up soon. What should Finance Ministers in Canada be focusing on to try to meet the tariff winds head on and ensure the standards of living of Canadians going forward in a proactive way? The answer is to focus on economic growth. What is it, why is it important to consumers and voters and how do we measure that?

Knowledge Bureau is delighted to announce its categories of awards to be announced at the Acuity Conference for Distinguished Advisors (DAC) November 10 – 12 in Montreal.  The star-studded ceremony, being held at the exclusive St. James Club, will kick off the three day educational conference – Canada’s only multi-disciplinary conference, featuring 16 thought leaders who will focus on the theme,  Safe Havens: Secure Financial Futures & Wealth Potential.   To be announced at the end of June, the winners will be honored in the following categories:

The MFA-P™ has specialized professional credentials to enable high-value planning for individual or family legacies. In this dynamic program, learn to have highly satisfying conversations with clients sooner in your relationship, address their big fears: that gifts will not be used wisely or according to personal passions and wishes. Then, provide a consistent process for giving solutions with investments that are tax-efficient, during lifetime and as part of a personal or family legacy. Become a certified professional in the evolving field of philanthropy. Build trusting relationships with your clients and help them make a difference in the world through charitable giving as an MFA-P and save 15% until June 30 with code MFAP15.

Check out the recording of the live Meeting of the Minds session on June 5 featuring practicing members of the Society of Real Wealth Managers™ and learn more about how their collaborative family office approach helps clients make sound financial decisions. Panelist Joanne Thomas moved her business to another province, and used the RWM™ model and thinking outside of the box to connect with like-minded professionals in other areas of specialization to improve the value of services that are provided to her clients.  Register now for the Meeting of the Minds to access the event recording and hear Joanne tell her story and be sure to enrol in the Designation Program at a special tuition rate, only until June 30.

As a Distinguished Advisor, you know the importance of learning best practices and staying informed about the latest developments in the financial services industry.  Together, Canada's top publications for financial advisors - the 2024 Acuity Conference for Distinguished Advisors returning media sponsors -  will ensure you remain at the top of your game. Knowledge Bureau is pleased to welcome back Advisor.ca and Investment Executive as our media sponsors for Acuity 2024 in Montreal November 10-12. Learn more about them below:

Millions of Canadian investors and their advisors must prepare themselves for lower dividend distributions and those once or twice-in-a-lifetime financial events as a result of the new capital gains inclusion rate of 66 2/3 percent on gains over $250,000.  Larry Frostiak, FCPA, FCA, CFP, TEP, RWM™, FDFS™,  founding partner of Frostiak & Leslie Chartered Professional Accountants Inc.  will discuss the broad implications from a Year End Planning perspective at the Acuity Conference for Distinguished Advisors in Montreal November 10-12.  But in the meantime, the June 25 deadline fast approaches and critical conversations must take place, for the reasons outlined below:

Providing ESOPs is a way of helping start-up businesses to attract high-value employees despite their lack of capital to pay the larger salaries.  Because larger companies were using stock options as a form of compensation for higher-income employees effectively reducing the taxes paid by such employees, a limit was placed on the amount of stock options that were eligible for this treatment for employees of large companies. Now proposed changes to the Capital Gains Inclusion Rates (CGIRs) will make this even more complex.