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Estate Planning with Life Insurance is an important cornerstone of family wealth planning, but with recent tax changes, a professional update is required for any tax and financial advisor working with high-net-worth families.
"The function of education is to teach one to think intensively and to think critically. Intelligence plus character - that is the goal of true education." Martin Luther King, Jr.
The refundable tax credits replacing the Family Tax Cut, Universal Child Care Benefit arrive this week. What to expect? Tax and financial advisors could be very busy tending to questions about the whether the size of the cheques is right, and filing 2015 tax returns for delinquent filers.
Leaked documents from CRA have been reported in China, indicating that 50 tax auditors and 35 additional staff have been deployed to crackdown on real estate tax cheats in Vancouver. CRA confirmed to the CBC that indeed 339 audits have reaped $14 million in tax recoveries in 2015/2016. Here’s how to stay out of trouble.
A just-released synopsis of the FINRA National Financial Capabilities survey of close to 30,000 Americans from June to October 2015 showed a stunning lack of financial understanding there; at a time when wealth and income inequality is at an extreme not seen since World War II. But Canadians did not do much better.