Use it Before It Disappears in 2018: The First-Time Donor’s Super Credit

An important tax break is disappearing after 2017: The First-Time Donor’s Super Credit. This opportunity is of particular interest to advisors who work with higher-net-worth families and their adult children. In fact, discussing it as part of mid-year tax plan may make good sense for these taxpayers, especially if they wish to be strategic about their giving.

In November, Kelowna will be the spot to mingle with financial services excellence

Have you marked your calendar yet to attend the fourteenth Annual Distinguished Advisor Conference (DAC)? With the Canadian dollar being so low, there never has been a better time to jet off to British Columbia than now. And that’s especially important when you’re looking to stretch your professional development budget.

People in the News

Add value to your career with the MFA-Business Services Specialist designation, like Johnson Obayuwana from Regina, SK.

Financing Education: Tax relief for expensive university textbooks ends

Students and their parents will be looking for new ways to fund post-secondary education this year, as tax relief has been significantly curtailed with the removal of the monthly education and textbook amounts.

New tax reporting rules for farmers and fishers

On May 5, the Finance Department issued a Notice of Ways and Means Motion to change income reporting rules specifically for farmers and fishers who sell to agricultural and fisheries cooperatives, in response to restrictions in the March 2016 budget that impact the claiming of the small business deduction.

2017 Provincial Budget Roundup: Part 3

In case you missed it during tax season, several provinces announced tax changes to their regimes. In this third and final installment of the Provincial Budget Roundup series, we will present a brief summary of the tax provisions from Quebec, the Maritimes and the Territories:

Use your tax refund for your TFSA

What are you doing with your tax refund this year? If it hasn’t yet been spent, one of the most tax-efficient things you can do is to invest it in your TFSA. It’s a short-term plan with a long-term vision: this investment will help to guarantee your tax-efficient retirement.
 
 

2017 Federal Budget

 
 
Knowledge Bureau Poll Question

Top marginal tax rates (federal and provincial) are close to or over 50% in many provinces. Do you think that’s fair?

  • Yes
    55 votes
    22.63%
  • No
    188 votes
    77.37%