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:May 2023 Poll
Do you think that the government should subsidize tax return filing fees so people can get more accurate results and benefits for free?
Details of the New Tax-Free First Home Savings Account (FHSA)
Tax-Free First Home Savings Account (FHSA) is the newest in a series of tax-advantaged savings accounts critical to the building of wealth, and it’s already a month old! The FHSA is a useful tool, not just for future homeowners but potentially for senior renters, business owners and others with limited RRSP room. Here is a checklist of rules investors will want to discuss with their advisors.
Higher Interest Won’t Lead to Faster CRA Debt Repayment, Pros Say
The prescribed interest rate on overdue taxes is 9% for the second quarter. Will taxpayers now pay off tax debt sooner? Not according to 80% of tax and financial advisors who responded to our April poll. The pros say there are other factors to consider, including paying off other higher interest rate debt and they highlight that increases are only punitive when most taxpayers would pay off their CRA debt if they had the means to. Here are their comments:
Sharpen Your Skills This Spring! Tax Dates You Need to Know
It’s officially the beginning of tax season 2024, and there are some important dates to note to sharpen your skills and prepare to help your clients improve their financial lives. Mark your calendar!
RSVP by May 15: Improve Your Retired Client’s Financial Lives
Last year was quite possibly the worst year in decades to retire and start drawing retirement income and so far in 2023, the foreseeable future is fraught with uncertainty. For these reasons we asked CE Summit keynote speaker and best-selling author Doug Nelson, B.Comm., CFP, CLU, CIM, RWM™ to share his inspiration in preparing his sessions for the upcoming May 24 CE Summits Workshop and expand upon the kind of retirement planning advice that’s right for today’s difficult environment. He was passionate in his response and provides a sneak peek at what you will learn.
Introducing Our DAC Acuity 2023 Speaker & Partner Roster!
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! Here’s who is included on our illustrious speaker roster so far. Sign up by June 30 for early bird tuition reductions and reserve the incredibly low hotel rates (rooms will sell out fast):
