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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?
Year-End Tax Planning…In June
Inflation, interest rates and bankruptcies are all going up. Wealth taxes on the horizon, are too. Savvy tax and financial advisors will want to understand these trends and be sure to discuss them now with their most financially vulnerable clients, and that includes high net worth clients. It’s one of the most important insights attendees at this week’s Advanced Retirement and Estate Planning course learned at the CE Summits. We share some of those insights with you now.
Immediate Write-Off of Capital Assets: Designated Immediate Expensing Properties
The 2021 Federal Budget proposed to allow Canadian Controlled Private Corporations (CCPCs) to write off up to $1,500,000 of “eligible assets” per year if the assets were purchased between April 9, 2021 and the end of 2023. However, when the legislation was introduced in Bill C-19 (but not yet passed), the parameters had changed.
Planning Opportunities with Spousal Trusts
Knowledge Bureau’s May CE Summit featured a review of the appropriate time to consider trusts in planning and in particular, spousal trusts. The instructor presentation, led so expertly and enthusiastically by Carol Willes, MBA, LLM, TEP, underscored some important issues, discussed below in an excerpt from the Advanced Retirement and Estate Planning course, now available with the instructor-led presentations, for students who wish to study online.
Did You Miss the CE Summits? Access the Incredible Education!
Did you miss the May 18 Virtual CE Summit? You can still sign up for the Advanced Retirement & Estate Planning Update Course and access the live speaker recordings from the event and save $200 on tuition. Plus, don’t miss our next CE Summits this fall. Get the best pricing of the year: tuition pricing as low as $295 when you enrol to attend 4 events! Get low rates on Team Member enrollments too!
Master Your Retirement, 10th Anniversary Edition Available!
Best-selling author Doug Nelson, CFP, CLU, MFA™, RWM™, CIM, is a 27-year veteran of the financial services industry in Canada with a singular vision for his readers: Don’t just “do” retirement…instead “Master Your Retirement”! He wow’d the audience at the Virtual CE Summits on May 18, and he has some upbeat advice for those still worried about the one big question all retirees have.
