Train for Work in the New Economy: Tax Advice vs Tax Preparation

By: Evelyn Jacks Posted in: Strategic Thinking, tax preparation, Real Wealth Management, Financial Literacy, Financial Advisor, knowledge bureau, Evelyn Jacks, tax filing, tax advisor, financial education, CE summits, financial advice, robo-advisors, Know Your Client, client-centric strategies, holistic financial planning, tax specialists
What is the difference between a tax preparer or practitioner and a tax specialist? In a word: advice. The tax preparation industry is in the midst of an enormous transformation, and new entrants must educate toward that change. But, why is that and what does that really mean?

Worth the Claim: Disability Tax Credits

By: Evelyn Jacks Posted in: Strategic Thinking, Financial Literacy, Evelyn Jacks, Essential Tax Facts, Medical expenses, disability tax credit, caregiver credits, claiming medical expenses, caregiver, caregiver tax deducations, senior caregiver, disability
CRA audit activities extended to those who claim Disability Tax Credits (DTCs), especially diabetics and children with autism, has continued to raise the ire of taxpayers. The $1.3 Billion in tax relief has been inconsistently applied and retroactively disallowed. But if you qualify, you could go back and recover that lucrative tax credit – all the way back to 2008.

IFB and Knowledge Bureau Announce Educational Alliance

By : Knowledge Bureau Staff Posted in: Strategic Thinking, compliance, knowledge bureau, Evelyn Jacks, financial services, financial education, financial conference, Canadian conferences, IFB, Independent Financial Brokers, Nancy Allan
The Independent Financial Brokers of Canada (IFB) and Knowledge Bureau are pleased to announce a strategic educational alliance to bring a new academic path to the continuing professional development of over 4000 IFB members.

How to Cope with the Mortgage Stress Test

By : Beth Graddon Posted in: Strategic Thinking, Debt Management, GDP, Bank of canada, Evelyn Jacks, distinguished financial advisor, interest rate, inflation, Real Wealth Manager, stress test, mortgage interest, paying down debt, variable rate, fixed rate, housing affordability, mortage, prescribed interest rate, Canada's Econom, y, Steven Poloz, prime lending rates, Mortgage Professionals of Canada
“How am I going to qualify for the home I want?” That’s the question on the minds of prospective home buyers as a complex real estate market, and stringent mortgage criteria threatens their ownership dreams. Seeking sound financial advice can help.

Specialized Knowledge Wanted: But Who Will Pay?

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Financial Advisor, knowledge bureau, poll results, Evelyn Jacks, Essential Tax Facts, tax advisor, MFA, RWM, CRM2, value proposition, holistic advice, fee disclosure, poll question, fees
The August poll results are in and almost everyone is in agreement: specialized knowledge is in demand from tax and financial advisors by their clients. However, people don’t necessarily want to pay for it. . .or is there another problem?

The Secret to Engaging Millennials

By : Knowledge Bureau Staff Posted in: Strategic Thinking, DAC, Financial Advisor, knowledge bureau, Evelyn Jacks, distinguished advisor conference, gen y, gen x, Real Wealth Manager, Millennials, holistic advice, insurance advisor, ivari, newcomers to canada, DAC speakers, Helene Chatelain, DAC activities
Millennials – rather than boomers - are rocking the retirement planning landscape. But they’re leaving a lot of money on the table because they favour DIY approaches that don’t pay off. This demographic can benefit from professional advice; the challenge is engaging them.