Elbows Up: The Time for Personal-Corporate Tax Reform is Now

One can’t avoid the messaging of the economic pain to come. Our deteriorating economic relationship with our biggest trading partner will require us to “pivot and prosper” in order to emerge “stronger and more resilient” says our Prime Minister. While exactly how we will do this is still unclear, there is one clear opportunity: for both federal and provincial governments to initiate a significant personal and corporate tax reform in the upcoming fall budget.

In this new feature, Knowledge Bureau President, Evelyn Jacks, brings perspective to Real Wealth Management.

The Federal Budget has put an emphasis on positioning Canada for success in the innovation economy of tomorrow. With so many businesses poised to change hands soon, advisors must be thinking about preparing the next generation of leaders for the new economy, despite disruptive trends and significant tax changes. The continuity, and even survival, of these companies could depend on your help.

Are you a distinguished advisor in your industry? If so, be sure to enter two prestigious awards to be announced at the DAC in beautiful Kelowna, Nov. 5-8 this year.

It’s time once again for our skill-testing financial trivia contest. This is your chance to win a free registration to DAC, November 5-8 in spectacular Kelowna, BC, where this year’s theme will be CANADA 150: Financial Advice at the Crossroads of Change.  Here’s April’s question:

Ellie Jenner, DFA - Tax Services Specialist™, Alberta: Designation that makes you to feel confident in the tax and investment advice you give to clients. It is important for Investment Advisors to have tax knowledge.

"If you have much, give of your wealth; if you have little, give of your heart." Arabic Proverb