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:Looking for IIROC Credits? Take the RWM™ OR MFA-P™ Program
Knowledge Bureau is pleased to announce that two of its designation programs qualify for IIROC Credits: The RWM™ (Real Wealth Manager) Designation qualifies for 20 PD credits and the MFA-P™ (Philanthropy) designation provides 20 PD and 3 Compliance Credits.
The Best Client Conversation Starter: Tax Filing & Benefits Milestones for December and January
Here’s a proactive conversation starter with your clients this month: a tax filing and benefits milestones chart! It’s a great way to ensure your clients can cash in on generous benefits from the government and a chance to remind your clients how important filing tax returns really can be.
Should a Business Incorporate?
To incorporate or not incorporate, that is the question… a very common question that small business owners ask their trusted advisor. There are so many variables that come into play in this decision, so the answer is, it depends! Read on as we consider the factors to consider with a small business owner. Only then should the transition from sole proprietor or partnership to a Canadian Controlled Private Corporation (CCPC) be taken.
Tax and Economic Education Matters – A Great Opportunity for Advisors
In a time of high inflation, and high debt, Canadians are paying attention to the economic messages they are receiving from government. According to a recent poll by Ipsos, Canadians are in fact having mixed feelings on the most recent November 3, 2022 Fall Economic Report and Mini-budget, which was followed the next day with Explanatory Notes to a 169-page Ways and Means Motion that amends the Income Tax Act for new measures.
With Almost $2 Trillion of New Wealth Coming – Are You Prepared?
“Global Wealth 2022: Standing Still Is Not an Option” from Boston Consulting Group (BCG) predicts that $80 trillion in new wealth will be created over the next five years, including almost $2 trillion in Canada to a total $9.4 trillion. Are you prepared for this transfer of wealth? Become an advisor for the future: take a bold step and differentiate your practice by earning your RWM™ Designation.
Great Choices for T1 Tax Training – The Virtual and In-Person CE Summits and More!
Knowledge Bureau is proud to offer two options for tax and financial advisors who want to shore up their T1 tax knowledge at Canada’s foremost T1 Advanced Tax Update! Join us live and in person if you’re in the Toronto area on February 7, 2023 ( yes, you can even go to a Toronto Raptor’s game that night!) or take the Virtual T1 Advanced Tax Update from the comfort of your home or office on January 18, 2023. But we also have options if you need T1 Tax Training now for new or returning staff.
