Investigative Tax Prep: Top Ten Changes to Probe
Tax season 2025 has started with a focus on the increased income levels some taxpayers may report due to proposed changes in capital gains tax laws. But aside from this there are new questions to probe with clients to ensure the family’s tax returns are filed to their very best benefit, given change in their life and financial events as well. Here are top 10 queries to add to your interview checklist:Fewer Givers: New Trends in Charitable Giving
An interesting trend has emerged in giving has emerged over the pandemic years. In a new report released by Statistics Canada on March 14, 2023 there was a 3% drop in donors claiming donation tax credits in the 2021 tax filing year. Are Canadians less charitable these days? Or is something else going on?
The Opportunities are Hot in Tax and Financial Services
It’s hot times in the tax and financial services industries, as the upward trend in both wages and job opportunities that started last year continue to increase, according to Statistics Canada. If you’re looking for new team members to scale up your business, you might be surprised to find how much you could have to pay to secure talent, and which sectors will have the hardest time landing them.
FHSA Transfers
The last couple of weeks, we’ve been featuring the details of a brand new account – the First Home Savings Account (FHSA). This week we’re focusing on transfer opportunities with the FHSA, which is especially relevant to those working with millennial clients looking to buy their first homes. What order should the FHSA, TFSA and RRSP be funded as part of a strategic savings plan? For some the choice will be evident, for others this is a great leveraging opportunity and as an advisor, this is an opportunity to be prepared with the answers.
From Tech-Toddler to Virtual Virtuoso: Mastering the Art of Professional Online Meetings
After three years of engaging in online meetings, it remains surprisingly common to witness certain advisors who demonstrate a lack of familiarity with virtual settings. In order to avoid appearing unprofessional, it is essential to steer clear of certain faux pas that can easily be avoided.
Poll Results: 60% Say Subsidized Tax Returns Not the Answer
In May we asked tax and financial professionals to weigh in on the following question: “Do you think that the government should subsidize tax return filing fees so people can get more accurate results and benefits for free?” The verdict is in and 60% of tax and financial advisors who participated answered “no”. They share why in their insightful comments and offer alternative solutions that recognize it’s a system that requires reformation to help more low-income and vulnerable Canadians access their benefits.
DAC Acuity 2023: Celebrations for Our 20th Anniversary
The 2023 Distinguished Advisor Conference (DAC Acuity) takes place November 12 to 14 at the beautiful Banff Springs Hotel. It is going to be an outstanding industry event for several reasons: the incredible education from Canada’s top thought leaders in the tax, accounting and financial services, as well as our 20th Anniversary celebrations! We invite you to experience all that this year’s event has to offer by visiting the new interactive agenda where you can enrol there for events, travel, hotel and sign up by June 30 for early bird tuition reductions. Hurry - reserve the incredibly low hotel rates (rooms will sell out fast):
