Knowledge Bureau Report


Tax Treatment of Employee Stock Options: The Role of Financial Advisors

By : Kristin Ramlal Posted in: Strategic Thinking, Current Issue
Employee stock options can help companies attract and retain talented employees by providing a supplementary source of compensation that is linked to the future success of the company. Current tax rules provide a preferential personal income tax treatment in the form of a stock option deduction, which effectively tax stock option income like capital gains. But that’s about to change, and advisors working with HNW executives need to come up to speed.

Climate Action Incentive Payments: Claimed by 97% of Eligible Families

By : Beth Graddon Posted in: Strategic Thinking, Current Issue
There have been several new tax and economic developments on climate change this month. Statistics on the Climate Action Incentive (CAI) payments became available, Albertans repealed their provincial carbon levy and the Final Report from the Expert Panel on Sustainable Finance was released. Plus, statistics from the 2018 tax filing season show that Climate Action Incentive (CAI) payments issued in Manitoba, Saskatchewan, Ontario and New Brunswick fall behind original estimates. That may be important news for Albertans, who will now pay carbon taxes under the federal regime and qualify for the CAI in the next tax filing season. It all makes for very interesting reading about future tax and economic developments.

Executives: Mid-Summer Tax Planning Will Maximize Stock Option Benefits

By: Walter Harder Posted in: Strategic Thinking, Current Issue
For executives who are compensated in part with stock options, mid-summer tax planning will be especially important this year. The Notice of Ways and Means Motion, introducing draft legislation to implement a $200,000 limitation to the stock options deduction will take effect in 2020 for employees of large, mature, public companies. If your client is an executive in one, it’s important to schedule a tax planning discussion.

Grad in the News – Kristin Ramlal, RWM™

Posted in: Strategic Thinking, Current Issue
Knowledge Bureau designate Kristin Ramlal is a graduate of the RWM™ program, Distinguished Advisor Conference speaker, and a founding member of the new Society of Real Wealth Managers™. Her commitment to education is inspiring! Here is her story:

Summer School: New Eazy-Pay Options Make Online Studies a Breeze

Posted in: Strategic Thinking, Current Issue
Summertime is a great time to invest in your professional development, and Knowledge Bureau’s new Eazy-Pay installment options make it easier than ever to get started.

The Tax Gap: It’s Complex

By: Evelyn Jacks Posted in: Strategic Thinking
The fifth report on the tax gap – the difference between taxes payable if all taxpayer obligations were fully met and what was actually paid and collected – was released this week by CRA for the 2014 year. Focused on corporate tax filers, large and small, a shortfall has been estimated at between $9.4 billion and $11.4 billion, but a closer look at the report finds most individual and corporate taxpayers try their best to comply with Canada’s complicated tax system.