Mark Your Calendar: Critical Deadlines for May and June

Tax season never truly ends, it seems, as there are many more upcoming tax filing, investment planning and education milestones to discuss with your clients over the next six months. Check out our handy checklist below and then test yourself – what are the conversation openers you’ll use and with which clients? It’s your opportunity to shine with every member of the household:

Have you agreed to be an executor for a loved one?  If so, I just know you want to be ready and informed about what to do when the time comes.  When it is time to ‘be’ the executor, over and above the additional tasks you have to do, you could be also faced with the emotions of your loss.  For that reason, amongst others, the time to check into what is involved is NOW! 

National Financial Education Institute Knowledge Bureau is pleased to announce the launch of its new virtual campus: learn.knowledgebureau.com.  The mission of the second campus, which complements the Specialized Credentials offered through www.knowledgebureau.com, will focus on an expanded curriculum of short professional courses available by subscription, especially designed for entrepreneurial advisors in search of both technical and business education.

This year’s thought leaders will be taking the stage at DAC Acuity 2022, October 16-18 in Niagara Falls to discuss the theme “Velocity: How to Gain Momentum in the New Economy”, and this is your unique opportunity to grow your business with innovative insight from the top Canadian Knowledge experts in tax, accounting and finance. We invite you to join us for a combination of great networking, and the serious work of understanding the trends and strategies that lead to sound decision-making with your clients in the current environment. RSVP now, and take advantage of early-bird tuition rates – only until August 31.

Owing money to CRA has just gotten a lot more expensive.  If you owe, you’ll pay interest at a rate of 7% effective October to December.   This represents an additional 1% increase over the July to August quarter which was, in turn, a 1% increase over the rate for the previous quarter.

Just over four months after the April 7th Budget, the Government released a large package of draft legislative proposals on August 9th.  They include details on the following provisions, which will be discussed in detail at the September 21st CE Summits. 

The 2021 Census has pointed to a growing new demographic advisors must take note of or risk losing a client base that can have significant lifetime value.  How well you embrace the transgender or non-binary demographic can make a big difference but it requires unique practice management changes.  Here’s what you need to know: