Mark Your Calendar: Critical Deadlines for May and June
Tax season never truly ends, it seems, as there are many more upcoming tax filing, investment planning and education milestones to discuss with your clients over the next six months. Check out our handy checklist below and then test yourself – what are the conversation openers you’ll use and with which clients? It’s your opportunity to shine with every member of the household:Recognizing Financial Planning as a Profession
In its submission to the Expert Committee, Ontario Ministry of Finance on Financial Advisory and Financial Planning Policy Alternatives, Knowledge Bureau was pleased to provide recommendations on the merits of more tailored regulation to those engaged in financial planning and the giving of financial advice, specifically in the area of continuing professional development.
Double Dipping Allowed: Home Modification and Medical Expensees
Is the tax system doing enough to recognize the real and increasing costs of elder care? You may be surprised at the answer as we conclude our analysis of the question this week, reviewing tax credits available to the vulnerable and their supporting individuals.
Back To Financial Basics: Time Matters
Tax and financial advisors can take an important role in the financial education of young Canadians. As we approach Financial Literacy Month this November, it’s important to revisit the role of financial educator. It’s a critical piece of family wealth management that prepares heirs for their future financial responsibilities and brings peace of mind to their parents, too.
Tax Strategies for Financial Advisors Updated to Current Tax Changes
Tax is a trigger for affluent families. They seek credible, trusted, and expert solutions to their investment strategies and expect to work with professionals who can increase returns with tax efficiency.
Advisors in the News: Stay Up-To-Date to Give Great Financial Advice by Richard Yasinski
Richard Yasinski is a DFA-Tax Services Specialist and a Certified Financial Planner (CFP) who offers financial planning on the cutting edge. “What makes our firm unique is that we focus on not just financial planning, but tax planning, estate planning, education planning – all aspects of personal financial planning that I think everyone should be interested in.”
Prescribed Interest Rates Remain the Same – Except for PLOI
The prescribed interest rates for October 1 to December 31, 2015, remain unchanged on overdue taxes and tax overpayments, and for calculations of taxable benefits and shareholder loans. However, the interest rates on PLOI – Pertinent Loans or Indebtedness –have been reduced this quarter.
