Canadian Dental Care Plan Renewal Deadline Approaches
Know Your Client! It’s a daily commitment and requirement, especially in the work that financial advisors do with their clients. It’s imperative that you ask about any significant changes in their lives. Has there been a significant new event: a move to take a new job or go to university, a marriage or divorce, a new birth, a disability or a death? And, in the case of income tested benefits such as the Canadian Dental Care Plan, (CDCP) do they qualify? Did they file their tax return on time to get it? Do you know the deadlines for doing so? Do you know when coverage ends if your client now longer qualifies?Debt Management Series: What Is Revolving Credit?
An integral part of debt management is ensuring that your clients understand how various forms of credit work, including revolving credit. Advisors, we’ve prepared this resource to share with your clients.
Employment Opportunities for New Canadians: Statistics Point to Financial Services
Statistics show that the more education Canadians have, the better their chances of employment. This is especially true for newcomers to Canada. In that regard, the tax and financial services industries offer great opportunities for those ready to start their new lives and careers in Canada.
Leadership Development: Maintain Your Humility as You Develop Knowledge and Confidence
As Knowledge Bureau unveils our new Executive Business Builder Program, increasing our focus on leadership education and development in 2018, it’s important to explore what makes a great leader. Today we’ll focus on confidence vs humility. . .when it comes to leadership, what matters more? Join us in discussing this topic on our Executive Business Builders Network.
Tax Tip: Infirm or Disabled: What’s the Difference for Tax Purposes?
Caring for a loved one with a disability? CRA may contact you to verify your claim for the new Canada Caregiver Amount or the Disability Amount. For these reasons, it’s important to draw the distinction between “infirm” and “disabled,” for different provisions on the tax return.
No Tax Relief for Middle Class: A Bigger Bill Despite Government Claims
A recent study by the Fraser Institute reveals that the Liberal government’s changes to the personal income tax system have already raised taxes for the vast majority of middle-income Canadian families (81 percent) by an average of $840 annually. But there’s more to come. . .
Our Top Posts of 2017: What Are Financial Professionals Reading?
It’s a sign of the times: Knowledge Bureau Report readers were most interested in recent tax news, based on our top five posts revisited here. The proposals to change the tax system for private corporations are of most concern; small wonder, too. Not yet law, Tax on Split Income (TOSI) rules begin January 1, 2018. Principle residence reporting changes are important too. Here’s what mattered most to our readers in 2017:
