Tax Strategies for Financial Advisors Updated to Current Tax Changes

Tax is a trigger for affluent families. They seek credible, trusted, and expert solutions to their investment strategies and expect to work with professionals who can increase returns with tax efficiency.

Recently updated, Knowledge Bureau’s Tax Strategies for Financial Advisors is part of the Investment and Retirement Services Specialist program and trains advisors to meet those demands.

Tax, financial planning and wealth management competencies required to fund income and capital accumulation goals derived from investments are explored in the course. The advisor must use a strategy and a process geared to preserving, growing and transitioning wealth tax efficiently to the next generation, throughout the lifecycles of individuals within a family.  The course includes all relevant recent tax changes, including:

• UCCB enhancements
• The Family Tax Cut

• Changes to TFSA contribution limits
• Changes to the Capital Gains Deduction

This course covers a strategic and tax efficient investment income planning process which will result capital accumulations in the right hands within individuals in the family. The objective is to earn investment income tax efficiently, split it with family members and avoid tax erosion of the capital at transition times.

Be conversant with recent tax changes relating to a variety of investment opportunities, understanding strategies and ordering rules using tax free, tax deferred and taxable income. In this course, the student will proficiently use a series of assessment tools around which to structure the client's pre- and post-tax investment income needs and monitor ongoing results. Students will learn how to “manage the tax return” by being familiar with tax free zones, clawback zones and marginal tax rates, as well as provide specific investment income planning approaches for a variety of taxpayer profiles including young families, students, business owners and retirees.

Not only does this course use Knowledge Bureau’s EverGreen Explanatory Notes, but eight different Knowledge Bureau Calculators, including:

• Financial Assessment Calculator
• Income Tax Estimator
• Marginal Tax Rate Calculator
• Investment Income Calculator
• Registered vs. Non-Registered Savings Calculator
• Tax-Efficient Assets Transfer Calculator
• CPP Income Calculator
• Tax Efficient Retirement Income Calculator

Table of Contents
Chapter 1: Real Wealth Management
Chapter 2: Tax Efficient Investing: Planning for Income and Capital
Chapter 3: Business Income and Asset Planning
Chapter 4: Introduction to Income Taxation in Canada
Chapter 5: Growing and Preserving Tax Efficient Wealth
Chapter 6: Registered Investments
Chapter 7: Tax Efficient Investment Income
Chapter 8: Real Estate
Chapter 9: Tax Efficient Asset Transfers: Managing ACBs
Chapter 10: Principal Residences
Chapter 11: Tax Efficient Debt Management
Chapter 12: Risk Management: Tax Consequences of Disability and Death

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