Tax Avoidance, Financial Stress & Well Being
Earlier this month, Statistics Canada published a report titled Stretching the Loonie: a time series analysis of financial difficulty and quality of life. The report is based on a nation-wide survey and the results are concerning. They reveal a serious trend and it is possible this is contributing to the late filing trend we are seeing this tax season.TAX TIP: Top Three Tax Investments for Education Funding
Statistics Canada reports that an undergraduate degree costs close to $6200 but according to a new study, 80% of parents don’t know that. Worse, most parents are poorly informed about tax efficient ways to save, especially weak on RESP knowledge. This is a great opportunity for tax and financial advisors to add significant value.
Seven Reasons to Go Back To School with Knowledge Bureau
Today’s professional tax and financial advisors work within a changing environment in which clients are more willing to pay for knowledge and interpretation. Highly informed clients, especially Millennials and their retiring parents, demand an expanded knowledge base in the value proposition they are willing to pay for.
