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All items tagged with: Wealth planning

Tax Tip: TFSA or RRSP?

Posted: February 25, 2019 By : Evelyn Jacks & Walter Harder
Posted in: Strategic Thinking , Tax, Wealth planning, investment, TFSA, Evelyn Jacks, rrsp, retirement income, wealth management, income splitting

Is it better to invest your money into your TFSA or RRSP? The answer here isn’t black and white, so we decided to crunch some numbers and shed some light on the grey areas, for those who need to make the choice in anticipation of the March 1 RRSP contribution deadline.

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

Posted: February 19, 2019 By: Evelyn Jacks
Posted in: Strategic Thinking , 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.

High Taxation Has Implications for Economic Growth

Posted: October 23, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Personal Tax, Debt Management, Wealth planning, investment, Evelyn Jacks, corporate tax, economic growth, federal budget, Canadian economy, tax education, finance canada, annual report, Tax Foundation

Exactly what is the effect of high taxation on long-term economic growth in a country in which an aging population has limited capacity to pay more tax? It’s an important consideration in light of Finance Canada’s annual report, released on Friday October 19 and this week’s PBO Report.

Value-Based Education Matters to Advisors: Invest in Summer Training

Posted: July 17, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , tax preparation, Real Wealth Management, education, knowledge bureau, Evelyn Jacks, Small Business, tax courses, ce credits, master financial advisor, financial services, entrepreneur, financial advice, leadership, business owners, leadership retreat, leadership course, training, credentials, CPA, Bank Report Card, holistic wealth planning, wealth management strategies

According to this year’s Report Card on Banks from Investment Executive, tax and financial advisors place significant value on professional education, and have increased job satisfaction when ongoing educational opportunities are provided to them by their employers. This comes as no surprise at a time when it’s becoming more important than ever to transition from transactional processes, to holistic advice- and relationship-driven practices.

DAC: The Changing Face of Community–Collaboration with Impact

Posted: March 13, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Tax Planning, Financial Literacy, DAC, Conference, Wealth planning, knowledge bureau, Evelyn Jacks, distinguished advisor conference, online courses, economic policy, demographic needs

DAC is Canada’s pre-eminent educational event for the top wealth advisors in the tax and financial services.

As an industry and as individuals lucky enough to live in Canada, it’s a great time to work “above our privilege” - that is, to set higher goals, improve services and to give back more in mentorship and engagement to a new client base with vastly different demands of their tax and financial advisors.

Evelyn Jacks: Affluence Is About Managing Cash Flow

Posted: June 05, 2014
Posted in: Breaking News, Tax Planning , Wealth planning

What is wealth? Many people don’t think that "wealthy" describes them or their lifestyle, but to the outside world they may seem quite affluent. Wealth really is more about a state of mind than an actual number.