All items tagged with: investment

Mortgage Stress Test: Benefits to Canadian Debt Management

Posted: July 10, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Debt Management, Real Wealth Management, Financial Literacy, Financial Advisor, investment, knowledge bureau, interest rates, Evelyn Jacks, real estate, master financial advisor, retirement income, financial education, mortgage stress test, mortgage lenders, Retirement and Estate Services Specialist, holistic wealth management, Canadian debt levels, debt to income ratio, qualifying for a mortgage, wealth building, Tax Strategies for Investors

In January, a new mortgage stress test was put in place requiring Canadian home buyers to qualify at rates higher than the benchmark interest rates imposed by the Bank of Canada and individual lenders. The implications to Canadian debt levels and the housing market are factors advisors should consider when offering holistic advice to clients.

House Flipping: What are the Tax Consequences?

Posted: June 26, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Debt Management, Financial Literacy, knowledge bureau, Evelyn Jacks, housing market, Investing, real estate, distinguished financial advisor, financial education, house flipping, property investment interest rates, tax on investment propertieis, tax on capital gains

Increasing interest rates have sparked a warning from the International Monetary Fund (IMF) that approaching headwinds could affect housing values; potentially good news for Canadians looking to enter the housing market. But there is also tax risk for investors intending to purchase and flip real estate, and a good opportunity for tax and financial advisors to provide valuable counsel.

People in the News – Aaron Robertson Loved DAC 2017

Posted: June 19, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Financial Literacy, DAC, knowledge bureau, Evelyn Jacks, distinguished advisor conference, financial advisors, ce credits, tax advisors, financial education, Quebec City, financial conferences Canadian conferences, networking events, Aaron Robertson, Alitis Investment Counsel

It’s time to register for the 2018 Distinguished Advisor Conference in Quebec City and make it your conference this year! Aaron Robertson from Alitis Investment Counsel was already thinking about making it his after last year’s event. Hear what he had to say and join us.

Avoid Penalties: File TFSA Return by July 2

Posted: June 05, 2018 By: Walter Harder
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, TFSA, Evelyn Jacks, investment income, tax courses, retirement income, tax education, Walter Harder, TFSA deadline, TFSA penalties, contribution limits, excess contributions

The TFSA filing deadline is coming up on July 2 (the standard June 30 deadline falls on a weekend). It doesn’t apply to all TFSA investors, but for those who do have to comply, abiding by the guidelines is essential to avoid penalties.

Sneak Peek! Add Tax Consultancy to Your Services

Posted: May 22, 2018 By : Knowledge Bureau Writing Staff
Posted in: Strategic Thinking , tax preparation, OAS, tax credits, knowledge bureau, Evelyn Jacks, tax filing, investment income, tax courses, CPP, employment deductions, tax education, tax software, online education, intermediate tax preparation, dependents

As the owner-manager of a thriving tax preparation, bookkeeping, accounting or financial services practice, your future success is dependent upon the knowledge and skills of your team, especially with technological advances. It's time to go beyond the basics and learn more about providing tax consultancy services. The newly updated Intermediate Personal Tax Preparation can help!

CRA Carrying Charges: What’s Not Deductible?

Posted: April 06, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, capital gains, Financial Advisor, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, tax courses, tax deductions, refundable tax credits, interest, online education, interest on investments, deductible carrying charges, carrying charges, registered accounts, financial planning tax preparation

In Part 3 of this series on deductible investment expenses, we discuss costs that are not deductible – a mystery and a surprise to some taxpayers during a tax audit. Here’s more essential information to keep you out of hot water.