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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?
Tax Literacy Matters: RRSP Earned Income Definition
Have you ever tried to explain the definition of earned income for RRSP purposes to a new client? It is a daunting but important task, as clients who embrace the annual savings ritual can and will accumulate significant tax savings and as a by-product, significant financial wealth. However, the astute tax or financial advisor, in the role of financial educator, can make all the difference in the end results.
High Time: Holistic Tax Reform
Tinkering with tax reforms may not be in the best interests of Canada’s emerging new economy. Rather, this may just be the right time for a significant holistic review, especially in anticipation of a variety of provisions recently announced in election platforms: higher income taxes rates for some, a luxury tax and a wealth tax for others, a new minimum tax, or new capital gains taxes. Thoughts on tax change from experienced tax and financial advisors are important. Here’s why:
Inter-Spousal Loan Planning: Prescribed Interest Rates Stay at 1%
Prescribed interest rates have remained unchanged throughout the pandemic and will remain at 1% for the fourth quarter of 2021. It’s a good idea to discuss this opportunity with clients well before year-end, while CRA’s prescribed interest rate for interspousal loans is still at this low level. It’s a tax planning ritual not-to-be-missed, especially with high net worth clients.
Enrol By October 8: Take a Sneak Video Peek into the DAC Thought Leadership 2021
Take a sneak peek now the educational extravaganza about to unfold October 17 – 19. Join Evelyn Jacks, President, in conversation with Canada’s leading financial minds – a preview is now available in video. The Globe and Mail touted DAC as one of Canada’s most innovative virtual conferences last year. This year, we think we’ve raised the bar even higher! Check out this sneak peek through our new speaker videos and DAC-in-a-Box program guide. Enrol by October 8 to receive your DAC-in-the-Box. Final registration deadline is October 15. Don’t miss it!
All New RWM™ Program: 6 New Modules Help Your Build Your Future Practice
Build the tax accounting and financial services practice of the future. Real Wealth Management™ democratizes the Family Office concept previously only available to ultra-high net worth families. Now, experienced advisors in Canada can learn to practice holistically with their best tax foot forward – such a critical piece of the capital sustainability puzzle for wealth holders.
