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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.

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:

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.

Retirement Planning: Avoiding OAS Clawbacks

Posted: April 06, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , tax preparation, Financial Literacy, CRA, OAS, Financial Advisor, knowledge bureau, Evelyn Jacks, retirement planning, evergreen explanatory notes, tax filing, old age security, tax courses, clawbacks, retirement income, CPP, tax education, CE summits, retirement benefits, financial workshops, online education

Are retired Canadians turning to you for help when they’ve been subjected to Old Age Security clawbacks? If you are a professional in the tax and financial services industry, its your job to provide valuable advice to pre-retirees on this complex issue, and help them avoid the Pension Recovery Tax that could take a chunk out of their retirement income.