The Gateway:  Maximizing the Impact of the Disability Tax Credit

In addition to reducing income tax through a non-refundable credit, the Disability Tax Credit (DTC) serves as a gateway to a wide range of additional tax benefits and government programs. Eligibility for the DTC can unlock enhanced credits, financial supplements, and long-term savings opportunities that go well beyond the tax return. Understanding how the DTC connects to these broader supports is essential for maximizing financial stability—both for individuals living with disabilities and the family members who support them.  Unfortunately, many taxpayers miss this credit and their tax and financial advisors can certainly help when this happens.

Responsible Investing (RI) is not a fad, particularly not in light of the United Nations Glasgow Climate Change Conference taking place this week. And in fact, it has actually been in existence for a very long time, and it is picking up steam here in Canada , said Duane Green, President and CEO Franklin Templeton Canada, who provided a thoughtful and comprehensive expose of the subject at the 2021 Distinguished Advisor Conference.

Avoiding red flags with CRA is always a good idea, but for many small business owners, the shareholder’s loan account presents such a threat.  Here’s how a taxpayer can get into tax audit trouble:

Knowledge Bureau Report asked Marco Iampieri, Of Iampieri Law Professional Corporation, to review a new paper on small business tax competitiveness by Dr. Jack Mintz, who spoke recently at the Distinguished Advisor Conference (DAC), Patrick Smith and V. Balaji Venkatachalam. It’s an important paper for its time, as the small business in Canada attempts to leave the pandemic behind in 2021.

New Course:  Privacy Principles in Business Privacy of confidential financial data is an important issue to your clients and no wonder: Statistics Canada says that about 57% of Canadians online reported experiencing a security incident in 2018.  Do you know how to avoid privacy risks that may arise in your business? 

How much is enough?  Winning Advisors: Grit, Determination and Exhilaration Tony Mahabir, Tony Mahabir, CEO Canfin Financial Group of Companies,  introduced delegates to the Japanese concept of Ikigai which focuses on Life Purpose at the DAC 2021. It all began with a thought-provoking message:  “Are we too concerned with earning money and not living the good life?” he asked.

Evelyn Jacks was pleased to introduce Lewis Kent, this year’s New Advisor Award winner at the Distinguished Advisor Conference 2021. His incredible and inspirational story, below.  And yes, the search is on for the 2022 winner, who will win a free registration and main stage speaking opportunity at DAC 2022 in Niagara Falls October 16-18.  Check out Lewis’ amazing story: