7 Factors for Classifying Your Side-Gig Income with the CRA

By: Evelyn Jacks Posted in: Strategic Thinking, Tax Planning, CRA, Financial Advisor, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, income tax, tax advisor, tax deductions, tax preparation for proprietorships, tax education, tax preparer, entrepreneur, self-employment, side gig, taxpayer, proprietorships, sole proprietor, self-employed income, business ownership, extra income
About 32 per cent of workers are starting their own businesses on the side for a variety of reasons — including 25 per cent of those who earn more than $75,000 and 19 per cent of those with income over $100,000. For tax purposes, it’s critical to know the difference between someone who is employed and someone who is considered self-employed.

Will Robo-Advisors Threaten the Future of Your Financial Services Business?

VIA: Knowledge Bureau Posted in: Strategic Thinking, Tax Planning, investments, relationship management, retirement planning, financial advisors, wealth management, tax advisors, financial services, investment advice, entrepreneur, innovative thinking, thought leadership, financial advice, future-proof, robo-advisors, value proposition, artificial intelligence, cyborgs, high-net-worth clients, complex financial issues, customer relationships, holistic advice, growing your business
As a financial advisor, you rely on technology to do your job effectively, but it’s also a disruptor in the industry these days. Robo-advisors are a force to be reckoned with, offering automated services that provide low-cost advice. Are they turning financial advice into a commodity? Will you be priced out of the market? How can you compete with robo-advisors?

Life Purpose – The Importance of Education

Posted in: Strategic Thinking
“Learning is not compulsory... neither is survival.” —W. Edwards Deming

Combating Fake News & DIY Wealth Management Trends

VIA: Knowledge Bureau Posted in: Strategic Thinking, DAC, Financial Advisor, knowledge bureau, relationship management, Evelyn Jacks, distinguished advisor conference, wealth management, future-proof, fake news, post-truth, business development, leadership, innovative business, DIY financial management, DIY wealth management, financial tools online, relationship development, conference Kelowna, investment solutions, value proposition, Kirk LaPointe, Daniel Popescu
As a society, we have become over-confident that we can do anything, whether or not we have the skills and knowledge to, because of the wealth of information that’s available at our fingertips. Unfortunately, in the era of fake news, it becomes challenging to discern fact from fiction.

Weekly Thought Provoker: Relationship Management Strategies

VIA: Knowledge Bureau Posted in: Strategic Thinking
Join our online discussion: How do you overcome threats through relationship management?

People in the News

Posted in: Strategic Thinking
Kent Coulter, a wealth manager in Edmonton, lauds the benefits of the Distinguished Advisor Conference