Programs & Courses

Tax Strategies for Financial Advisors

Investment & Retirement, Succession & Estate Planning, Tax Planning

By: Evelyn Jacks, Walter Harder

Tax Strategies for Financial Advisors

PROGRAM:  Investment and Retirement Services Specialist

Tax, financial planning and wealth management competencies are required to fund income and capital accumulation goals derived from investments. The advisor must use a strategy and a process geared to preserving, growing and transitioning wealth tax efficiently to the next generation, throughout the lifecycles of individuals within a family.

CONTENT DESCRIPTION AND KEY CONCEPTS:

The course includes all relevant recent tax changes including:

  • UCCB enhancements
  • The Family Tax Cut
  • Changes to TFSA contribution limits
  • Changes to the Capital Gains Deduction

This course covers a strategic and tax efficient investment income planning process which will result capital accumulations in the right hands within individuals in the family. The objective is to earn investment income tax efficiently, split it with family members and avoid tax erosion of the capital at transition times.

CERTIFIED SKILLSETS:

  • Be conversant with recent tax changes relating to a variety of investment opportunities, understanding strategies and ordering rules using tax free, tax deferred and taxable income
  • Proficiently use a series of assessment tools around which to structure the client's pre- and post-tax investment income needs and monitor ongoing results
  • Learn how to “manage the tax return” by being familiar with tax free zones, clawback zones and marginal tax rates
  • Provide specific investment income planning approaches for a variety of taxpayer profiles including young families, students, business owners and retirees

Practice Management Thesis: Comprehensive real life case studies appear throughout the course for each of the profiles noted above. Students will be given tools and asked to demonstrate how to build an overall vision for retirement, how to collect information on key milestones, assess current and ongoing income, plan for a variety of sources of income, plan for spouses retiring at different times and in different ways, structure a tax-efficient layered income plan and use available resources to help build additional wealth over time.

KNOWLEDGE BUREAU TOOLS INCLUDED:

  • EverGreen Explanatory Notes
  • Knowledge Bureau Calculators
    • Financial Assessment Calculator
    • Income Tax Estimator
    • Marginal Tax Rate Calculator
    • Investment Income Calculator
    • Registered vs. Non-Registered Savings Calculator
    • Tax-Efficient Assets Transfer Calculator
    • CPP Income Calculator
    • Tax Efficient Retirement Income Calculator

MARKS ALLOCATION:

Quizzes 25%
Case Studies 50%
Final Exam 25%
Passing Grade 60%
Honours Achievement 90%

 


CE Credits

CE Credits
Knowledge Bureau 30 CPE credits
IPBC 30 CE credits
PBA 30 CPE credits
AIC 33669 - LC - 30 hours
ICM 18309 - LC/AS - 30 hours

Table of Contents

Chapter 1:
Real Wealth Management
Chapter 2:
Tax Efficient Investing: Planning for Income and Capital
Chapter 3:
Business Income and Asset Planning
Chapter 4:
Introduction to Income Taxation in Canada
Chapter 5:
Growing and Preserving Tax Efficient Wealth
Chapter 6:
Registered Investments
Chapter 7:
Tax Efficient Investment Income
Chapter 8:
Real Estate
Chapter 9:
Tax Efficient Asset Transfers: Managing ACBs
Chapter 10:
Principal Residences
Chapter 11:
Tax Efficient Debt Management
Chapter 12:
Risk Management: Tax Consequences of Disability and Death

What Graduates Say

If you have your own practice, this course is a must. My understanding has greatly improved. Vincent C., AB