Developing Trust in the Financial Advice Sector: Education and Enforcement Demanded

Posted in: Strategic Thinking
Is more regulation needed to protect consumers from unscrupulous tax and financial advisors? That was the subject of KBR’s July poll, and it’s clear that to industry professionals, the answer isn’t so black and white. Our readers agree it’s a problem, but the solution falls somewhere between simply answering “yes” or “no.”

Know Your Cross-Border Client: Avoiding Tax Consequences and Liabilities

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, Financial Literacy, DAC, knowledge bureau, Evelyn Jacks, distinguished advisor conference, snowbirds, financial education, Knowledge Journal, Dean Smith, Canadians abroad, cross border, U.S. tax, non-residents, living abroad, Cadesky Tax
Canada-US relations have been strained for a variety of reasons, but recently private business owners received what could be a very costly surprise. New guidelines outlined by the I.R.S. for the Transition/Repatriation Tax will take a toll on Canadians with U.S. or dual citizenship who have businesses incorporated in Canada: expect to owe even more tax.

Relationship Management: Advisory Can Help Feuding Couples

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, Debt Management, Real Wealth Management, Financial Literacy, Debt, family finances, knowledge bureau, Evelyn Jacks, Essential Tax Facts, financial education, holistic wealth management, retirement planning tax-efficient income
A recent Fidelity Investment report points out that debt is one of the biggest issues that drives couples apart, with 36 percent saying that money is their biggest marital hurdle. But many couples also struggle to communicate about financial matters that could lead to repercussions down the road. The help of astute tax and financial advisors is critical.

Cyber-Attacks Increase 80%: Dr. Michael Geist Addresses the Risks at DAC

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, Financial Literacy, knowledge bureau, Evelyn Jacks, distinguished advisor conference, financial education, privacy, Real Wealth Manager, cybersecurity, Finance Department, Trump, artifical intelligence, cyber breaches, data security, Michael Geist, privacy laws, Zuckerberg, Kremlin, election hacking, Deloitte, conferences, Putin
Cyber-security has been the subject of daily political news on the world stage, but it hits close to home, too. In 2017, the Federal Conduct Authority (FCA) in the U.K. reported that cyber-attacks in the financial sector increased by 80 percent. Managing this critical risk is the subject of a riveting keynote at this fall’s Distinguished Advisor Conference (DAC) in Quebec City by esteemed columnist and Internet and E-Commerce Law Research Chair, Dr. Michael Geist.

Non-Residents in the Family: What’s the CRA’s Take?

By: Evelyn Jacks Posted in: Strategic Thinking, tax preparation, CRA, investments, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax filing, tax courses, master financial advisor, distinguished financial advisor, employment insurance, retirement income, tax education, tax return, personal amounts, double taxation, cross-border tax, Canadians abroad, surtax, non-resident, Canadian emigrant, Canadian expatriates, tax treaaty, Canadian immigrants, non-resident tax, world income
Summertime is family time; but it is also the time of year when people prepare for big life changes taking place in the fall. Young adults make plans to work abroad, travel or go to school and empty-nesters journey to warmer climates. However, non-residency comes with tax consequences, so a visit to a tax advisor should be part of your travel preparation.