Post-Secondary Education Offers a Brighter Future for Young Adults

By : Knowledge Bureau Staff Posted in: Strategic Thinking, knowledge bureau, statistics canada, Evelyn Jacks, tax courses, financial education, post-secondary education, continuing education, Insights on Canadian Society, employment statistics, education statistics, high school education, employment rate, Diploma programs, entry-level careers, job hunting, employment opportunities, career development
Sadly, the gap between the least and most educated in our society is growing. In 2016 young males without a high school diploma had an employment rate of 67 percent compared with 89 percent for a university-educated man; the employment rate for women with less than a high school diploma was 41 percent versus 84 percent for those with a university degree.

Build a Business, Eliminate Job Dissatisfaction

By : Knowledge Bureau Staff Posted in: Strategic Thinking, knowledge bureau, statistics canada, Evelyn Jacks, Small Business, tax courses, financial education, professional development, entrepreneur, business development, leadership courses, Executive Business Builder Program, work-life balance, job satisfaction, self-employed Canadians, job opportunities, starting a business, building a business, business courses
Attaining work-life balance and overall job satisfaction seems out of reach for a percentage of Canadians, according to Statistics Canada. Embracing new opportunities for personal and professional development is the key to reaching these goals.

People in the News: Reader Comments on Tax Reform

By : Knowledge Bureau Staff Posted in: Strategic Thinking, knowledge bureau, Evelyn Jacks, income tax, tax courses, tax changes, tax education, finance canada, tax reform, tax proposals, Liberal government, Morneau, unfair tax changes, small business taxation, Klaus Theyer
At Knowledge Bureau, we love to receive feedback from our readers. Klaus Theyer of Exact Tax Services commented on thought leadership about recent federal tax changes.  Here’s what he said:

Analysis of Tax Reforms to Passive Investment Income

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Tax Planning, Financial Literacy, Federal Government, knowledge bureau, Evelyn Jacks, tax courses, financial education, tax reform, small business tax, tax proposals, Liberal government, Morneau, Minister of Finance, passive investment, Parliamentary Budget Office, PBO, corporate investment income, tax consultations
Breaking news from Ottawa: The Parliamentary Budget Officer (PBO to follow-up on The Minister of Finance’s July 18 proposals, releasing a new report on November 23.

Avoiding the Tax Consequences of Transferring Assets to Children

By: Evelyn Jacks Posted in: Strategic Thinking, Estate Planning, Financial Advisor, knowledge bureau, Evelyn Jacks, retirement planning, tax courses, tax professional, wealth management, inheritance, financial education, asset transfer, tax on assets, beneficial ownership, tax on principal residence, capital gains tax, property transfer, real estate tax, estate planner
The transfer of assets to family members is an important part of retirement and post-retirement planning, as the tax consequences can be enormous. This is especially true now for average families as well as high-net-worth clients, because all final tax returns will carry with them the requirement to report any deemed disposition of a common family asset: the principal residence.

CRA Targets Business PayPal Accounts

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Succession Real Wealth Management, Debt Management, Financial Literacy, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, voluntary disclosure program, tax debt, tax courses, debt and cash flow management, Marcia Elaschuk, financial courses, CRA debt, PayPal, online business transactions, CRA interest, CRA penalties, income tax filing, business tax, T2 Tax Preparation for Small Businesses
Do you or your clients use PayPal for business transactions? Did you report them on your tax return?  If not, you’ll want to correct those errors or omissions quickly under the Voluntary Disclosures Program (VDP), because you are in the sights of the CRA.  A federal court ordered PayPal to disclose information about all business account holders who received or sent a payment between January 1, 2014, and November 10, 2017.