Proposals Tax Kids Working in The Family Business

By: Evelyn Jacks Posted in: Strategic Thinking, Tax Planning
The proposed changes to the taxation of private business income and equity, released on July 18, 2017, will affect the income paid to family members who are not actively engaged in the business, as well as limit their access to the Capital Gains Exemption.

Big Change Proposed for Tax on Passive Investment Income in a Corporation

By: Evelyn Jacks Posted in: Strategic Thinking
The Finance Department is proposing alternatives to the taxation of passive income earned in a private corporation. This will dramatically alter after-tax income results, essentially taxing the income earned by corporate investing at the top marginal rates and then taxing distributions once more at personal tax rates. 

Part II: Day Traders and TFSAS – Why Are You Offside?

By: Evelyn Jacks Posted in: Strategic Thinking
Day trading is effective for RRSPs and RRIFs accounts but not for TFSA investing activities. This doesn’t seem to be a logical strategy on CRA’s part, seeing as it is currently looking for millions in penalties and interest from investors who didn’t understand the rules.

Life Purpose

Posted in: Strategic Thinking
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.”  —Steve Jobs

DAC 2017: Frankly, the best conference you’ll attend this year!

Posted in: Strategic Thinking, Your Professional Development
Be sure to make room on your calendar to join us this fall in Kelowna, November 5-8, for the absolute best educational experience of the year, packed with cutting-edge programs. 

Calling all Mentors, Leaders and Change-Makers on LinkedIn! Join our new Business Builder Group

Posted in: Strategic Thinking, Your Professional Development
The financial industry is truly at a crossroads of change. We feel pressure from disrupting forces like fintech and advisor-bots. Our clients need us more than ever, but they have concerns about our professionalism following the financial crisis of 2008. And we put pressure on ourselves to stay competitive and knowledgeable. But these are the kinds of challenges that we as entrepreneurs live for. They’re what make us survivors.