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.Canada 150: Financial Advice at the Crossroads of Change - Let’s Make History Together!
As DAC 2016 wraps up in beautiful San Diego, CA, we are excited to announce the site of the 2017 DAC: beautiful Kelowna, BC, where we will celebrate Canada’s 150th birthday November 5-8. Reserve now at special pre-conference early bird rates.
Become an Expert in Building Retirement Portfolio for Your Customers
Largely due to advances in preventing heart disease and with Baby Boomers leading healthier lifestyles, Canadians who reach age 65 are more likely than ever to live into their 90's. This takes retirement income planning into a much longer period, in which a focus on continued accumulation and investing is as important as tax-efficient withdrawal of funds. Capital must be preserved at the same time.
Life Purpose
"You learn far more from negative leadership than from positive leadership. Because you learn how not to do it. And, therefore, you learn how to do it." Norman Schwarzkopf
Shore Up Your Tax Knowledge on Offshore Asset Reporting
Year end is a great time to re-engage clients in conversation about financial decision-making, especially for clients with offshore assets who may need to report some of them on Form T1135 Foreign Income Verification.
Time to Lock in Spousal Loans
For several years now, the prescribed interest rate applied to spousal loans has been set at 1%, but that could change if interest rates rise in 2017. Are you taking advantage of the opportunity to transfer capital to a spouse with a bona fide loan at the current low interest rate?
Slim Majority Votes Yes: New CCB Better than UCCB and Family Tax Cut
Knowledge Bureau Report’s monthly poll for October asked: “In your opinion is the new Canada Child Benefit (CCB) better than the combo of UCCB, Child Tax Benefit and Family Tax Cut?” The results were almost evenly split: 52% voted yes and 48% voted no.
