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:What is a Retirement Compensation Arrangement (RCA)?
With a new minimum tax on the horizon after the last federal budget, business owners may be more interested in discussing ways to protect their future wealth. A retirement compensation arrangement (RCA) may be a way to do that. Tax and financial advisors may wish to come up to speed to engage clients in more high value advice post tax season. Here’s what you’ll want to know:
What to Claim: Attendant Care Expenses, Medical Expenses or the Disability Amount
There is significant complexity for taxpayers who may qualify to claim both attendant care expenses under the medical expense credit and the disability amount. CRA has provided an excellent guide to making the best claim for your clients.
Become a Digital Advisor of the Future
This week advisors were treated to the secrets behind greater work-life balance and more impactful client relationships with an overview of a new program from Knowledge Bureau: how to become a digital advisor for the future. Did you miss it? You can still listen in, and save money on this new certificate course now till April 30. Here’s what you learn:
Do You Need CE Credits? KB Has New Options!
Did you know 2023 is an important Milestone Year for CE/CPD Credits in the tax and financial services industry? Knowledge Bureau designates need 15 CE Credits by June 30 to relicence their credentials; IIROC Cycle 9 ends on December 31, 2023 and Insurance Council licensing CE credits are due at various times throughout the spring. That’s why Knowledge Bureau is offering 5 new CE options to help you meet your CE requirements before the summer:
The Importance of Privacy Principles in Business
Statistics Canada says that about 1 in every 10 business are impacted by a cyber security or privacy incident. Worse, in a rapidly changing landscape Artificial Intelligence (AI) can now mimic voices and have human-like conversations, draft emails, write articles and books and more – all in a few seconds; think ChatGPT, for example. At a minimum, these transformational changes require a solid understanding of how to meet the accountabilities of privacy and confidentiality. Now you can earn 10 compliance credits from IIROC by completing a new cutting edge course from Knowledge Bureau: Privacy Principles in Business.
Critical Pointers in April Tax Discussions
There are a number of issues to discuss as tax season is now in full swing. To begin, it’s more expensive to owe money to the CRA this quarter and tax and financial advisors will want to advise their clients of important – and potentially expensive - tax filing milestones coming up in the second quarter. There is good news, however, for seniors. Here’s what you need to know:
