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:Protecting Client Privacy is Ethically and Morally Essential in Business
In the digital era of networking and cyberspace, establishing ethical standards for privacy is especially urgent. The collection of your client’s very personal and financial information, usually through electronics has brought privacy to the forefront of everyone’s mind. The people submitting the information and those collecting the information should be extremely concerned about privacy protection and compliance.
MFA-P Discovery Seminar: How Can Advisors Build Their Business by Supporting Their Community?
Professional advisors and charity professionals all focus and spend time in our individual specialty areas. On June 23 at 12 PM CST/ 1:00 PM EST, let’s spend some time discussing how these professionals can work collaboratively to enhance the client/donor experience with panelists MFA-P™ alumni Candice Jay and Aneil Gokhale. RSVP now for this complimentary MFA-P™ Discovery Seminar.
Prescribed Rates Going Up July 1: Pay Taxes, Make Tax Efficient Spousal Loans Now
Prescribed interest rates are about to rise for July 1 to September 30. One interesting and potentially beneficial financial strategy to grow the family’s wealth is to draw up an interspousal loan. The time to draw up the paperwork and lock in the current 1% prescribed rate is before the end of the month - June 30. Taxpayers who owe money to CRA will want to pay up before then too. Here are the details:
T1s Due June 15: Proprietors Must File for More Reasons Than One!
Unincorporated taxpayers must file their personal tax returns by June 15 or face late filing penalties. However, there are many more reasons to file than just to report and pay your taxes. Here’s a rundown of the obligations:
Climate Grief & Its Effect on Estate Planning with Generation Dread
Estate planning discussions are always difficult, but these days, perhaps even more so. That’s why tax and financial services providers must pay attention to new trends; notably, that young people – who are to be engaged as the primary stakeholders in wealth transfers – have experienced a significant drop in hopefulness. A recent Statistics Canada study concludes that future research could be done to better understand the potential implications. But DAC Keynote Speaker and new author Dr. Brett Wray has done some important research of her own and has a critical, urgent message: intergenerational power and wealth will not fix the underlying malaise. Find out more, below; reserve your spot at DAC now.
DAC Acuity 2022: Nominations Open for the Prestigious New Advisor Award
Submit the name of your worthy nomination for the DAC New Advisor Award now. The application deadline September 1, 2022. The prestigious award recognizes the next generation and their contributions to excellence in the tax, accounting and/or financial services. Here’s what the winner of this prestigious award will receive and how to apply:
