October 1 - Important Changes Coming to VDP
Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.Life Purpose
“Be curious. Enjoy the process. Marvel at life and its richness as you go along.” — Dr. Susan Biali, M.D.
Recent Study Shows That Rate Hike Would Hurt Canadian Home-owners
How cash-strapped are your clients, really? Tax and financial advisors need to make that question a priority to really help younger clients before times get tougher for some. The Canadian Press, for example, recently reported about a survey by Manulife in which they found that “nearly three quarters of Canadian homeowners…would have difficulty paying their mortgage if their payments were to increase by more than 10 per cent.”
The Spring DAW Sessions Off to a Great Start on the West Coast
"Best DAW yet!" The spring Distinguished Advisor Workshops (DAW) started this week in Vancouver to great fanfare by our attendees. Here’s what some had to say:
DAC 2017: The Best Education and Networking Event of the Year!
Over the past fourteen years, the Distinguished Advisor Conference (DAC) has established its reputation as the most comprehensive and strategic educational conference available to tax and financial advisors. Experts and visionaries from all sides of the financial services industry offer their wisdom on how you can sharpen strategic and technical skills required to best serve your clients in this time of significant change.
People in the News
Laramie Tan-Amit has gained confidence in her role as a Professional Tax Practitioner and Bookkeeper.
“The designation has given me confidence and legitimacy as a practicing tax professional. Combined with my in-depth knowledge in accounting, I can better serve my clients thanks to the knowledge and skills I attained from the course.”
Use it Before It Disappears in 2018: The First-Time Donor’s Super Credit
An important tax break is disappearing after 2017: The First-Time Donor’s Super Credit. This opportunity is of particular interest to advisors who work with higher-net-worth families and their adult children. In fact, discussing it as part of mid-year tax plan may make good sense for these taxpayers, especially if they wish to be strategic about their giving.
