CSA’s Proposed Client-Focused Reforms: KYC and KYP Guidelines

By: Evelyn Jacks Posted in: Strategic Thinking, Financial Literacy, compliance, knowledge bureau, Evelyn Jacks, Real Wealth Manager, online education, CSA, Canadian Securities Administration, fee disclosure, fee-based services, advisor commissions, financial advisor compensation, Know Your Client, Know Your Products, client-focused services, holistic financial advice
The Canadian Securities Administrators (CSA) recently proposed expanded guidelines on registrants’ obligations to act in a client’s best interests and on its proposals regarding embedded commissions. Knowledge Bureau is pleased to announce that Ian Russell, President and CEO of the Investment Industry Association of Canada (IIAC) will provide expert commentary on the matter at the Distinguished Advisor Conference November 10-14 in Quebec City.

Summertime Moves: 7 Tax-Efficient Tips

By: Evelyn Jacks By : Posted in: Strategic Thinking, Financial Literacy, tax credits, self-employed, knowledge bureau, Evelyn Jacks, income tax estimator, tax calculator, Moving Expenses, tax education, income tax preparation, moving credits, moving claims, tax-efficiency, job relocation, storage costs, Income Tax Filing Fundamentals
Summertime moves make sense for many families, as they can ensure the kids are well established to start in their new schools by fall. The moving process can be hectic, but it also creates lucrative tax deductions – so keep your receipts and documentation to take advantage. Here are seven moving-related tax tips for expense claims that every Canadian needs to know!

Disability Credit Rejects: Close to 60% of Taxpayers Win Back Rights

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, tax preparation, CRA, tax credits, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, disability tax credit, RDSP, Registered Disability Savings Plan, tax education, diabetes, Diabetes Canada, tax refunds, rejected claims, life-sustaining therapies claim, Senate Committee on Social Affairs, Distinguished Financxial Advisor
Last year, following a bitter public controversy, the CRA re-assessed 2,267 rejected claims from diabetics applying for the Disability Tax Credit (DTC). The good news? Now 1,326 have now been approved – that’s 58 percent! But these Canadians will wait up to 30 weeks for refunds; an issue that has prompted a further Senate response.

Is Self-Employment a Good Choice? Statistics Show It’s a Growing Sector

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, tax preparation, tax credits, self-employed, knowledge bureau, poll results, Evelyn Jacks, retirement planning, distinguished financial advisor, Canadian economy, tax deductions, entrepreneur, gig economy, flexible workforce, non-traditional workforce, independent contractors, hiring, financial risk, agile workforce
The way we work in Canada is changing: statistics show that 20 to 30 percent of the current workforce consists of “gig workers”: freelancers and other self-employed classifications. But that number will rise by 2020. Is it a good choice? Nearly 60 percent of last month’s poll respondents said “yes.”

Surviving Market Volatility: Advisors Must Manage Clients’ Emotions

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, Real Wealth Management, Financial Literacy, knowledge bureau, relationship management, financial advisors, wealth managers, financial education, CE summits, Executive Business Builder Program, online courses, Business Builder Retreat, holistic wealth management, client-centric strategies, fifnancial advisor studies, future of wealth management, evelyn Jcks
Volatility is cited as the largest threat to the financial markets and 73 percent of advisors involved in the Natixis Investment Managers 2018 Global Financial Professionals Survey believe this will affect performance. Close to 90 percent believe their primary role is to help clients get through the emotional roller coaster – and their success increasingly hinges on this skillset as economic uncertainty rises.

Business Builder Retreat: Find Balance for More Effective Leadership

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, self-employed, knowledge bureau, Evelyn Jacks, distinguished advisor conference, entrepreneur, business development, leadership, goal setting, work-life balance, leadership retreat, Executive Business Builder Retreat, executive, self-care
Having trouble relaxing on your summer vacation? You’re not alone. Two-thirds of Canadians work more than 45 hours a week. Of these individuals, only 23 percent are satisfied with their quality of life, which hinges on work-life balance. It’s also widely accepted that entrepreneurs and business owners work significantly more than the average worker – and that can negatively impact effective leadership and corporate culture when self-care isn’t a priority.