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All items tagged with: Tax

Retirement Planning: Four Tax-Efficient Income Options

Posted: April 16, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking, Current Issue , Financial Literacy, Estate Planning, knowledge bureau, Evelyn Jacks, retirement planning, tax efficient retirement income planning, tax courses, individual pension plan, Registered Disability Savings Plan, retirement income, pooled retirement pension plan, financial education, retirement benefits, online education, online campus, Baby Boomer, foreign pension, Retirement and Estate Services Specialist

Have you explored all of the tax-efficient income options available to generate consistent income that will provide for your retirement needs and wants? If you’re a Boomer challenged to find tax-efficient options, discuss these four alternative sources with your tax advisor today.

Home Accessibility Expenses: Claim Guidelines and Double-Dipping

Posted: April 16, 2018 By : Walter Harder and Evelyn Jacks
Posted in: Strategic Thinking, Current Issue , Financial Literacy, tax credits, knowledge bureau, Evelyn Jacks, tax courses, tax education, online courses, Disability Tax Credits, income tax filing, online education, medical claims, accessibility credits, caregiver credits, claiming medical expenses

The process of claiming home accessibility and medical expenses can be complex for eligible parties. When do home accessibility and medical expenses need to be claimed? How do you do it? How do you know which credits you’re eligible for? Here are some key guidelines.

Before You Leave Tax Season: Check out the New CPP Costs for 2019

Posted: April 16, 2018 By: Walter Harder
Posted in: Strategic Thinking, Current Issue , Financial Literacy, Estate Planning, knowledge bureau, Evelyn Jacks, retirement planning, tax efficient retirement income planning, tax courses, individual pension plan, Registered Disability Savings Plan, retirement income, pooled retirement pension plan, financial education, retirement benefits, online education, online campus, Baby Boomer, foreign pension, Retirement and Estate Services Specialist

If you’re a pre-retiree, don’t put your tax affairs to bed yet—especially if you plan to apply for CPP benefits in the near future! Starting January 1, 2019, there will be many changes to the rules. Here’s what you need to know.

Canada’s Competitiveness: Managing Cross-Border Taxation

Posted: April 16, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue , Financial Literacy, knowledge bureau, Evelyn Jacks, Tax Reforms, tax courses, distinguished financial advisor, Canadian economy, tax education, cross border taxation, entrepreneur, CE summits, Morneau, budget 2018, online campus, Canadian Competitiveness, US Tax Reforms, Trump small Business, foreign operated business

Canada’s workplace is changing and not just on our vast, thawing land. Home-based workers are able to earn their living around the globe, and despite uncertainty, the benefits offered by recent U.S. tax reforms are attractive to Canadian businesses and professionals seeking more competitive environments. For these reasons, May 15 is an important date.

Travel for Medical Care? Claim Your Deductions

Posted: April 16, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking, Current Issue , tax preparation, Financial Literacy, knowledge bureau, Evelyn Jacks, tax services specialist, Medical expenses, tax filing, tax courses, tax education, financial education, CE summits, online courses, financial workshops, online campus, medical claims, medical travel, vehicle rates, simplified method claims

Do you have clients who travelled to another city for medical care in 2017, but failed to keep receipts?  It pays to do a little research to maximize their claims. In fact, they don’t need to miss out on the medical expense savings, if you use the simplified method to file.  Here are the rules:

Found Money: How Filing an Accurate T1 Pays Off

Posted: April 06, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, Tax Planning, Financial Literacy, Financial Planning, CRA, knowledge bureau, Canada Revenue Agency, tax returns, Evelyn Jacks, tax filing, tax audit, tax courses, tax advisor, tax education, T4, online education, tax receipts, proof of income, Personal Net Worth statement, T1 tax returns

For many Canadians filing a tax return is the most important financial transaction of the year. Getting the best tax refund is important: not only will it put more of the money you previously earned back in your own pocket, your refund can make at least some of your cash flow and retirement worries go away. Here’s how: