Advisors Addressing Impact of Rising Interest Rates on Canadian Families

The average Canadian with debt could have to pay an additional $130 per month for debt repayment, as interest rates are anticipated to rise over the next year. Advisors can help clients adjust to these changes – but what is the best strategy?

When 10 per cent of Canadian families already find themselves with a financial cushion of $100 or less per month, and over half of Canadians are $200 or less away from failing to meet their financial commitments, a rise in interest payable is a scary prospect. RBC’s report indicates the consequences of rising interest rates on Canadian households; such an increase will ultimately impact mortgages, consumer debt and more.

At this year’s CE Summits (formerly Distinguished Advisor Workshops), Knowledge Bureau will be focusing on the impact of rising interest rates and what that means to advisors involved in family debt management.

What do you receive when you register for our CE Summit sessions?

• Course components: This one‐day workshop is delivered by well-known industry experts and includes a comprehensive desk reference manual to keep this cutting-edge information at your fingertips.
• Access to pre-reading in EverGreen Explanatory Notes: This comprehensive 800-topic online research library will help prepare you for the in-depth in-class session.
• Option to continue your studies online post-session.
• CE/CPD credits: Your clients will appreciate your investment in your continuing education. Earn a beautiful certificate and a total of 10 CE/CPD credits (pre-reading: 3.5 CE/CPD credits; in-class session: 6.5 CE/CPD credits). This workshop also qualifies as 10 credits towards the DFA -Tax or Bookkeeping Services Specialist™ or MFA™ Designations. In addition, most professional associations and organizations accept Knowledge Bureau certification for their CE/CPD requirements.
• Great food: The all-inclusive workshop fees also include a light breakfast, lunch, coffee, and snacks courtesy of our sponsors.
• Certification celebration: Wine and cheese reception
• Special reduced fees before October 31: early registrants, designates and groups (that register for a table of six or more) save on CE Summit admission. For more information, call 1-866-953-4769 or register online.

Additional educational resources: Advanced Family Tax Preparation Course

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