Knowledge Bureau Report

Expanding Economic Opportunity: The Numbers Point to a Shared Solution

By : Christine Steendam, Walter Harder & Evelyn Jacks Posted in: Strategic Thinking, Current Issue
What is the best way for all Canadians to maximize their “economic opportunity” to build wealth? It’s a topic that is increasingly receiving attention both here and in the United States. Good jobs and a minimum income is an important solution, but it’s not the only one. Access to education is critical, too.

Tax Reform Needed: The Numbers Tell the Story

By : Beth Graddon, Evelyn Jacks & Walter Harder Posted in: Strategic Thinking, Current Issue
The ideals of a top-notch tax system include fairness, equity, simplicity, compliance and ultimately affordability. Are Canadians – across all provinces – experiencing these ideals? It’s a question that is often contemplated by university graduates in deciding where they want to build their careers, as well as executives, business owners and retirees, who consider moving to lower taxed jurisdictions as part of their year end tax planning. Advisors may be called upon to help make those decisions.

Essential Tax Facts: Education Planning with RESPs

By : Beth Graddon Posted in: Strategic Thinking, Current Issue
A Registered Education Savings Plan (RESP) is a tax-assisted savings plan set up for the purposes of funding a beneficiary’s future education costs. It also serves as a way to split income earned in the plan with the beneficiary, who will be taxed at a lower rate than the contributor, as a general rule, when earnings are withdrawn.

Economic Resilience: 10 Issues to Discuss with clients

By : Christine Steendam Posted in: Strategic Thinking, Current Issue
Does the Canadian economy have the resilience to compete through what is projected to be a prolonged economic downturn? Why does the answer matter so much? Because financial advisors, tax preparers, bookkeepers and others in the financial services are being challenged to bring new value to old roles.

Who Will Inherit the Family Business?

By: Jenifer Bartman Posted in: Strategic Thinking, Current Issue
Who will inherit the family business? What will it be worth when time for transition comes? Why is this issue so difficult to discuss? It’s important to engage your successful but soon-to-retire business owner clients in strategic planning now, especially if potential economic downturn is on the horizon.

Tax Facts: Cross-Border Income Compliance

By : Dr. Dean Smith Posted in: Strategic Thinking, Current Issue
In an increasingly global economy, more and more Canadians find themselves vacationing, owning property, and earning income in the U.S. If your client has financial stakes across the border, it’s important to know the tax implications associated with them. This can include cross border contract work and owning and renting vacation properties.