Retirement Planning: Avoiding OAS Clawbacks

By : Knowledge Bureau Staff Posted in: Strategic Thinking, tax preparation, Financial Literacy, CRA, OAS, Financial Advisor, knowledge bureau, Evelyn Jacks, retirement planning, evergreen explanatory notes, tax filing, old age security, tax courses, clawbacks, retirement income, CPP, tax education, CE summits, retirement benefits, financial workshops, online education
Are retired Canadians turning to you for help when they’ve been subjected to Old Age Security clawbacks? If you are a professional in the tax and financial services industry, its your job to provide valuable advice to pre-retirees on this complex issue, and help them avoid the Pension Recovery Tax that could take a chunk out of their retirement income.

Tax Tip: What You Need to File an Audit-Proof Return

By : Knowledge Bureau Staff Posted in: Strategic Thinking, tax preparation, Tax Planning, Financial Literacy, Financial Planning, CRA, knowledge bureau, Canada Revenue Agency, tax returns, Evelyn Jacks, tax filing, tax audit, tax courses, tax advisor, tax education, T4, online education, tax receipts, proof of income, Personal Net Worth statement, T1 tax returns
The clock is ticking! Do you have everything you need to file your taxes before the April 30 deadline? Rushing through the tax preparation process can cause you to miss important steps, putting you at risk of an audit. This is your guide to the basics, and Knowledge Bureau’s Tax Documentation Checklist will take you the rest of the way in preparing an audit-proof return. Be sure to contact us for your copy, or click on the link provided!

Breaking News: Ontario 2018 Budget Released

By : Knowledge Bureau Staff Posted in: Strategic Thinking, tax credits, knowledge bureau, income tax act, Evelyn Jacks, income tax, charitable donation credit, Ontario budget, small business tax, provincial budget, tax loopholes, research and development credit, personal tax bracket, employer health tax exemption
On March 28, 2018 Ontario released what has been widely considered to be a “Pre-Election Budget”. Aside from large spending increases, it features changes to Ontario’s tax rate structure, which so far have received little fanfare. Seven tax brackets result in personal tax increases for almost two million people; in addition, 20,000 private businesses will pay at least $2,400 more in health taxes.

Impacting Pre-Retirees: Notable CPP Changes

By: Evelyn Jacks Posted in: Strategic Thinking, Financial Literacy, OAS, knowledge bureau, Canada Pension Plan, Evelyn Jacks, retirement planning, evergreen explanatory notes, old age security, tax courses, clawbacks, retirement income, CPP, tax education, retirement benefits, online courses, online campus, early pension, survivor pension, taxable income, income calculator, retirement and estate services, retirement income planning course
Did you know that there are more changes coming to the Canada Pension Plan in 2019? Most Canadians are unaware, and even those in the know find that the CPP planning process is quite confusing. There is opportunity here for tax and financial advisors to help bring their pre-retiree clients up to speed before the end of tax season.

CRA Carrying Charges: What’s Tax Deductible?

By: Evelyn Jacks Posted in: Strategic Thinking, tax preparation, Debt Management, Financial Literacy, CRA, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax tips, tax courses, tax education, financial education, interest deductions, interest on investments, deductible carrying charges, diminished value in assets
Last week we discussed the deductibility of interest and penalties levied by the Canada Revenue Agency. In Part two of this series, we’re taking a closer look at the deductibility of interest costs on your investments.

New Veterans’ Benefit: Launch Your Financial Sector Career

By : Knowledge Bureau Writing Staff Posted in: Strategic Thinking, Financial Literacy, Financial Advisor, tax credits, knowledge bureau, income tax act, Evelyn Jacks, tax courses, tax advisor, Canadian Armed Forces, financial services, financial education, online education, online campus, Veterans Benefit, Reserve Force, retired military, civilian careers, Canadian Army Veterans' Education and Training benefit, careers, tax careers
Are you a Canadian army veteran looking for your next career opportunity? The new Veterans' Education and Training Benefit supports your educational pursuits in the tax and financial services.  Knowledge Bureau courses and programs are eligible, and convenient: available online for continuous intake, 24/7. They provide new credentials for skills that are in high demand.