All items in: Strategic Thinking

New Tax Changes: Ontario Economic Statement

Posted: November 14, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking, Current Issue
The Ontario government released an economic statement on November 14 that reduces the small business tax rate, provides incentives for businesses with under 100 employees to hire 15 to 29 year olds and together with federal tax changes, significantly raises the marginal tax rates on passive income earned within a small business corporation upon distribution to individual shareholders.

US Tax Reforms Could Attract Top Canadian Talent

Posted: November 14, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking, Current Issue
In its first major tax reform in over 30 years, the United States is considering a package of tax changes that if passed into law, could significantly impact Canada’s ability to keep top talent and business ventures from moving across the border.

Debt Management Series: How Debt Affects Wealth Management

Posted: November 14, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue, Debt Management, Retirement, Financial Literacy, Financial Planning, Financial Advisor, bankruptcy, knowledge bureau, ce credits, wealth management, financial education, CE summits, Marcia Elaschuk, consumer debt, debt sources, paying off debt, mortgages, consumer proposal, personal debt, cash flow, money mirage
It’s financial literacy month and Canadians need help with debt management-badly.  Over half (52 per cent) of Canadians are only $200 away from insolvency according to a poll of 1,500 Canadians by insolvency consultancy MNP this spring.  It’s a highly valued service that tax and financial advisors can offer.

Inter-Spousal Loans: A Rare Income-Splitting Opportunity

Posted: November 14, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue
With the recently proposed tax reforms, more doors continue to close on opportunities for income-splitting between spouses. However, there is still one key strategy—the inter-spousal loan—that can minimize tax where one person in the couple earns significantly more than the other.

Please Help Us Thank Our DAC 2017 Sponsors

Posted: November 14, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue, DAC, knowledge bureau, Evelyn Jacks, distinguished advisor conference, tax courses, ce credits, master financial advisor, distinguished financial advisor, financial education, tax preparers, tax professionals, Manulife, financial conferences, Franklin Templeton Investments, AGF, advisors
Last week, the 14th Distinguished Advisor Conference (DAC) took place in beautiful Kelowna. Please help us thank and acknowledge the incredible sponsors that helped bring this event to fruition, and the many Knowledge Bureau graduates who have offered their ongoing support - check out all the incredible speakers, networking and fun in the photo gallery!

Critical Financial Education on Family Business Tax at November CE Summits

Posted: November 14, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue, CRA, knowledge bureau, Evelyn Jacks, tax courses, financial advisors, ce credits, year-end tax planning, financial education, tax preparers, CE summits, tax proposals, Liberal government, Larry Frostiak, Morneau, taxation of private corporations, tax issues, small business taxation, financial workshops, passive income taxation, corporate valuation, Frostiak and Leslie Chartered Accountants
The tax proposals introduced on July 18, 2017, are complex and continue to evolve, promising some mind-numbing complexing for business clients. Tax and financial advisors need to gain a thorough understanding of the intricacies of these proposals in order to reduce the impact on their clients. The November CE Summits will address this need, in a focused session featuring family business tax expert Larry Frostiak. Note - Registration ends today, November 15.