Don’t Miss the RRSP Contribution Deadline: March 1

Posted in: Strategic Thinking, Evelyn Jacks, RRSP calculator, rrsp, retirement savings, retirement income, retirement income planning
The CRA officially began accepting electronically filed tax returns this week, but you may want to slow down and observe an important tax savings opportunity before you rush to file. Contributions to your Registered Retirement Savings Plan (RRSP) for the 2018 tax year ends on March 1, 2019. Besides reducing your tax bill, you could score even bigger returns: increased refundable and non-refundable tax credits.

Tips on Building Tax-Efficient Wealth: 5 Reasons to Use the TFSA

By: Evelyn Jacks Posted in: Strategic Thinking, Retirement, Wealth planning, TFSA, rrsp, retirement income, maximum contributions
When generating tax-efficient wealth is your goal, consider investing in your TFSA. Despite enduring some political controversy over the years*, the TFSA has gained a broad-based acceptance by over 13 million Canadians. This is especially true for two demographics - the Boomers and the millennials as reported by Statistics Canada**. Read on for five compelling reasons.

Access to Online Education: A Solution to the World’s Greatest Problems?

By : Beth Graddon Posted in: Strategic Thinking, education, statistics canada, United Nations, online learning, neurodevelopmental conditions, mental health conditions, ADHD, ADHD and learning, Sustainable Development
A new study from Statistics Canada released this week demonstrates how online learning for continuing or post-secondary education, may increase the opportunities available to Canadians with certain medical conditions. Have you considered alternative pathways to traditional education in planning for lifelong learning?

Tax Filing Basics: Claiming Medical Marijuana After Legalization

Posted in: Strategic Thinking, Medical expenses, deductible medical expenses, tax deductions, marijuana legalization, income tax filing, Income Tax Filing Fundamentals, medical marijuana, medical credits
With the 2018 legalization of marijuana in Canada, more taxpayers may wish to claim their purchase as a medical expense. That may be possible, but there are rules to follow to pass a CRA audit test. 

Wills & Continuity Planning: Avoiding Undue Influence

Posted in: Strategic Thinking, Estate Planning, executor, CE summits, tax workshops, Philippe Richer, wills, continuity planning, undue influence, Karen Henderson
When it comes to long-term care planning, as a trusted intermediary you can help aging clients and those with declining cognitive function. It’s a difficult topic to discuss, but wills are an important part of the continuity planning conversation. Learn how to help clients avoid undue influence during this process, while ensuring that estate plans are properly executed.

Defusing Business Succession Challenges

By: Jenifer Bartman Posted in: Strategic Thinking, succession planning, Evelyn Jacks, business succession, Jenifer Bartman, Defusing the Family Business Time Bomb
Business owners may believe they “have it all figured out” in planning for the future sale of their business, which can bring a false sense of security at the worst possible time. It’s a topic addressed by authors Evelyn Jacks and Jenifer Bartman in their new book Defusing the Family Business Time Bomb.