All items in: Current Issue

Don’t Miss the RRSP Contribution Deadline: March 1

Posted: February 19, 2019
Posted in: Strategic Thinking, Current Issue, Evelyn Jacks, RRSP calculator, rrsp, retirement savings, retirement income, retirement income planning
The CRA officially began accepting electronically filed tax returns this week, but you may want to slow down and observe an important tax savings opportunity before you rush to file. Contributions to your Registered Retirement Savings Plan (RRSP) for the 2018 tax year ends on March 1, 2019. Besides reducing your tax bill, you could score even bigger returns: increased refundable and non-refundable tax credits.

Tips on Building Tax-Efficient Wealth: 5 Reasons to Use the TFSA

Posted: February 19, 2019 By: Evelyn Jacks
Posted in: Strategic Thinking, Current Issue, Retirement, Wealth planning, TFSA, rrsp, retirement income, maximum contributions
When generating tax-efficient wealth is your goal, consider investing in your TFSA. Despite enduring some political controversy over the years*, the TFSA has gained a broad-based acceptance by over 13 million Canadians. This is especially true for two demographics - the Boomers and the millennials as reported by Statistics Canada**. Read on for five compelling reasons.

Access to Online Education: A Solution to the World’s Greatest Problems?

Posted: February 19, 2019 By : Beth Graddon
Posted in: Strategic Thinking, Current Issue, education, statistics canada, United Nations, online learning, neurodevelopmental conditions, mental health conditions, ADHD, ADHD and learning, Sustainable Development
A new study from Statistics Canada released this week demonstrates how online learning for continuing or post-secondary education, may increase the opportunities available to Canadians with certain medical conditions. Have you considered alternative pathways to traditional education in planning for lifelong learning?

Tax Filing Basics: Claiming Medical Marijuana After Legalization

Posted: February 19, 2019
Posted in: Strategic Thinking, Current Issue, Medical expenses, deductible medical expenses, tax deductions, marijuana legalization, income tax filing, Income Tax Filing Fundamentals, medical marijuana, medical credits
With the 2018 legalization of marijuana in Canada, more taxpayers may wish to claim their purchase as a medical expense. That may be possible, but there are rules to follow to pass a CRA audit test. 

Wills & Continuity Planning: Avoiding Undue Influence

Posted: February 19, 2019
Posted in: Strategic Thinking, Current Issue, Estate Planning, executor, CE summits, tax workshops, Philippe Richer, wills, continuity planning, undue influence, Karen Henderson
When it comes to long-term care planning, as a trusted intermediary you can help aging clients and those with declining cognitive function. It’s a difficult topic to discuss, but wills are an important part of the continuity planning conversation. Learn how to help clients avoid undue influence during this process, while ensuring that estate plans are properly executed.

Defusing Business Succession Challenges

Posted: February 19, 2019 By: Jenifer Bartman
Posted in: Strategic Thinking, Current Issue, succession planning, Evelyn Jacks, business succession, Jenifer Bartman, Defusing the Family Business Time Bomb
Business owners may believe they “have it all figured out” in planning for the future sale of their business, which can bring a false sense of security at the worst possible time. It’s a topic addressed by authors Evelyn Jacks and Jenifer Bartman in their new book Defusing the Family Business Time Bomb.