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.

Housing Affordability: Borrowers Take a Hit from Rising Interest Rates

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, Financial Literacy, knowledge bureau, interest rates, Bank of canada, Evelyn Jacks, financial services, Canadian banks, mortgage rates, mortgage interest, prime interest rate, overnight rate, variable rate mortgage, lending rates
The hot housing market (especially in Vancouver and Toronto) has long thwarted home ownership dreams for many Canadians. In fact, RBC’s July report on housing trends and affordability reveals that the average Canadian household requires almost half its total income to cover home ownership costs. 

Value-Based Education Matters to Advisors: Invest in Summer Training

By : Knowledge Bureau Staff Writers Posted in: Strategic Thinking, tax preparation, Real Wealth Management, education, knowledge bureau, Evelyn Jacks, Small Business, tax courses, ce credits, master financial advisor, financial services, entrepreneur, financial advice, leadership, business owners, leadership retreat, leadership course, training, credentials, CPA, Bank Report Card, holistic wealth planning, wealth management strategies
According to this year’s Report Card on Banks from Investment Executive, tax and financial advisors place significant value on professional education, and have increased job satisfaction when ongoing educational opportunities are provided to them by their employers. This comes as no surprise at a time when it’s becoming more important than ever to transition from transactional processes, to holistic advice- and relationship-driven practices.