The successful candidate will understand and demonstrate how to prepare tax-efficient investment and retirement income plans for investors who are accumulating and growing capital for pre-retirement. Complex withdrawal strategies to cover after-tax needs in retirement, while continuing to grow and preserve wealth for transition to the next generation, are also taught with cutting edge software & online calculators; all included with the courses.
Best practices are taught throughout the program to ensure the family’s whole financial picture follows a coordinated plan in collaboration with other professional financial advisors including tax practitioners, bookkeepers, accountants, lawyers and financial advisors with expertise with a broad selection of investment products. This program, therefore, enables the building of a multi-generational practice that tracks the whole client experience that is compliant with professional standards and regulation.
Master Financial Advisor:
This course of study, consisting of 6 courses, leads to an MFA™ (Master Financial Advisor) designation and is intended for people practicing in the areas of providing services to small business enterprises or individuals requiring financial planning, investment planning, mutual fund and exempt product sales, insurance, and estate planning. The MFA designation signifies completion of advanced training in retirement income planning, estate planning, and investment planning services and, in the case of the Business Services Specialist program, documenting the transactions of a client’s owner-managed business. There are three areas of specialization within this designation you can choose from:
The successful candidate will understand and demonstrate how to manage risk and then, best transfer capital from a variety of assets, on a tax efficient basis, to the next generation of family members, family business owners, employees or the community. Candidates will be familiar with language and concepts to work with business valuators, insurance and legal advisors.
The successful candidate will understand and demonstrate how to record in professional software, the transactions required to prepare financial statements and T1 and T2 Tax returns for the families of small and medium-sized business enterprises on start-up, throughout the lifecycle of the business – from start-up, to mid-term growth and on transition to the next business owner.
Distinguished Financial Advisor - Specialist:
This program, consisting of 6 courses, leads to an DFA-Tax Services Specialist™ or DFA-Bookkeeping Services Specialist™ (Distinguished Financial Advisor) designation and is for advisors working in the tax and accounting field. The DFA-Specialist designation signifies completion of advanced training in tax preparation, tax planning, bookkeeping, payroll and managerial accounting services to individuals and business clients. Within this program there are two areas to specialize in:
The successful graduate will demonstrate competencies in T1 Tax preparation and planning as well as a basic understanding of T2 preparation for micro businesses::
- T1 Tax Preparation: For individual and family filers, low income credit filers, employees, pre- and post-retirees, disabled taxpayers, rental property owners, investors, proprietors including service and inventory-based businesses, professionals, partnerships, farmers, fishers and others, death of a taxpayer, cross-border taxation.
- T2 Tax Preparation: Specialists will be able to complete basic T2 returns for micro-businesses and small to medium sized businesses.
The successful graduate will demonstrate competencies in doing books for proprietorships and micro-businesses, using generally accepted accounting principles to:
- enter transactions into popular bookkeeping software programs;
- prepare and explain the results of financial statements;
- provide expert assistance in preparing government remittances, budgets, payroll; and
- prepare T-slip summaries for owner-managers and their staff.