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STAY UP-TO-DATE WITH BREAKING TAX AND INVESTMENT NEWS.
A thorough analysis of today’s financial news—delivered weekly to your inbox or via social media. As part of Knowledge Bureau’s interactive network, the Report covers current issues on the tax and financial services landscape and provides a wide range of professional benefits, including access to peer-to-peer blogs, opinion polls, online lessons, and vital industry information from Canada’s only multi-disciplinary financial educator.
January 2025 Poll
Do you agree with extending the charitable donations giving deadline to February 28, 2025 for the purposes of reducing taxes on the 2024 tax return?
Paul Bates: A Tribute to an Exemplary Man
The financial services industry lost a highly respected member of its community. Dr. Paul Bates, M.T.S., DPT, FCPA, FCMA, CMC who was an exemplary, accomplished man, a fellow financial author and educator, an outstanding humanitarian and family man, and for so many of us, a true and dear friend.
DAC Acuity 2022: Incorporating Alternative Investments into Client Portfolios
An exciting development over the past few decades has been the democratization of alternative investments, bringing these once exclusive set of investments to an ever-increasing group of investors. Advisors must be ready to discuss these products and help their clients navigate the risks and opportunities within the current market. The alternative investment session at DAC Oct 16-18, led by Jennifer Louth, Sr. Learning Consultant FT Academy, Franklin Templeton, covers all of that and more.
Right Approach? OAS Increase for 75+ Seniors
Last month’s poll in Knowledge Bureau Report asked “Do you think that seniors over the age of 75 should continue to get the 10% increase in their Old Age Security benefits which began in July of 2022?” Overwhelmingly the answer was yes: 89% for it; 11% against. The comments that accompanied the vote were eye-opening.
New Luxury Tax: On Bentleys, Boats and Some Items Over $100,000
In the April 2022 Federal Budget, the government announced its intention to add an additional tax on “luxury items.” This new tax was included in Bill C-19, which became law on June 23, 2022, and collection of the tax began on September 1. Items sold prior to September 1 are not subject to the tax even if delivery takes place after September 1.
Risk Management Reviews Important in Light of Higher Inflation
With the recent spike in inflation, planners need to re-evaluate their financial plans. I’ve previously written about revisiting the long-term mortgage amortization projections with rising interest rates and the impact of rising costs to cash flow (With Mortgage Rates Rising, Revisit Financial Plans).
