Are You Missing Your Medical Expenses?

By : Knowledge Bureau Staff Posted in: Strategic Thinking
It pays to hunt down medical expenses and claim them over the best 12-month period ending in the tax year. There are numerous out-of-pocket expenses that qualify, ranging from batteries for hearing aids to driveway alteration costs for disabled family members... and most tax payers miss them.

Tax Help for Charitable Canadians

By : Evelyn Jacks, MFA, DFA-Tax Services Specialist and Walter Harder, DFA-Tax Services Specialist Posted in: Strategic Thinking
Giving to charity is a noble thing to do. From a tax viewpoint, it’s also the gift that keeps giving back. However, if you’re claiming charitable donations on this year’s return, you may notice new complexity. Check out our true-to-life scenarios and the tips that follow.

New Couples: Ten Tips on Avoiding the Tax Auditor

By: Evelyn Jacks Posted in: Strategic Thinking
As the May 1 personal tax filing deadline approaches, it’s appropriate to be reminded of the tax audit season that follows, especially for new couples. Filing errors in reporting marital status, and especially common-law relationships, could be the first big challenge when faced with a tax review. Advisors can help by discussing a few key tax definitions:

Spotlight on Canadian Financial Authors:  Kimberly McLarty

By : Kimberly McLarty, RHU, REBC, CEBS Posted in: Strategic Thinking
In Canada’s 150th year, Knowledge Bureau is pleased to put the spotlight on Canadian Financial Authors and celebrate Financial Advice at the Crossroads of Change at DAC Nov 5-8 in Kelowna.  This week:  Kimberly McLarty discusses: Re-Evaluating Business Resources: A Group Insurance Specialist May Be of Help.

Financial Trivia Contest:  Win a Free Registration to DAC, Nov. 5-8 in Kelowna

By : Knowledge Bureau Staff Posted in: Strategic Thinking
How’s your luck? Try it out and get in on a chance to win a free registration to the Distinguished Advisor Conference (DAC) in the spectacular wine country of BC. Come to Kelowna and think more clearly about this year’s theme: Financial Advice at the Crossroads of Change. Here’s April’s question:

Taxes for Proprietorships:  Learn About Lucrative Tax Savings

By : Knowledge Bureau Staff Posted in: Strategic Thinking
Filing tax returns for unincorporated small businesses is in growing demand. Whether retirees are going back to market as consultants or Millennials are choosing to be their own boss, demographic changes are increasingly pointing to a shift from full-time employment to self-employment as a way to leverage time and money. For advisors, learning tax preparation for proprietors is a worthwhile investment.