A Challenge for New Clients: How to Choose a Trusted Advisor

If you’re in business for yourself, you have a unique opportunity to build wealth in an asset class that others don’t have: equity in a business enterprise that some day may be sold for millions of dollars. In addition, that business can spin off income for family members that can provide significant tax advantages, done well. Understanding how to realize on this asset requires the help of a trusted financial advisory team. Who should be on that team and how do you find them? This is a challenge your next new business clients may wrestle with. Here are some tips on how you can open discussions to help them:

The process of claiming home accessibility and medical expenses can be complex for eligible parties. When do home accessibility and medical expenses need to be claimed? How do you do it? How do you know which credits you’re eligible for? Here are some key guidelines.

If you’re a pre-retiree, don’t put your tax affairs to bed yet—especially if you plan to apply for CPP benefits in the near future! Starting January 1, 2019, there will be many changes to the rules. Here’s what you need to know.

Canada’s workplace is changing and not just on our vast, thawing land. Home-based workers are able to earn their living around the globe, and despite uncertainty, the benefits offered by recent U.S. tax reforms are attractive to Canadian businesses and professionals seeking more competitive environments. For these reasons, May 15 is an important date.

Cannabis is already on the mind of tax and financial advisors due to its inclusion in Budget 2018 and its pending legalization and accompanying taxation. But that isn’t all you should be thinking about, as it triggers an essential and controversial leadership discussion – what’s tolerable in the workplace?

Do you have clients who travelled to another city for medical care in 2017, but failed to keep receipts?  It pays to do a little research to maximize their claims. In fact, they don’t need to miss out on the medical expense savings, if you use the simplified method to file.  Here are the rules:

For many Canadians filing a tax return is the most important financial transaction of the year. Getting the best tax refund is important: not only will it put more of the money you previously earned back in your own pocket, your refund can make at least some of your cash flow and retirement worries go away. Here’s how: