Fall Federal Budget: Will Spending Be Cut?
Canada has historically presented an annual budget since Confederation in 1867, even through periods like World Wars and the Great Depression, but we have recently experienced the longest period without a full federal budget in our history. By the time the next one is brought down, expected in October 2025, it will have been 18 months since the controversial April 2024 budget which introduced the doomed capital gains inclusion rate hikes. What can we expect?Cross-Border Taxation Updated to Reflect Tax Changes and More - ENROL NOW AND SAVE!
Operating across national borders is easier and more common than ever, driven by technology and economic changes that make it appealing for individuals and businesses to purchase investment property globally.
Transferring University Costs to Supporters
Let’s face it, we all appreciated the financial support we got when we were struggling students. For those contributing financially to someone else’s post-secondary education, those kind family sacrifices can bring tax rewards even though the amounts have neither risen nor been indexed recently.
Distinguished Advisor Conference Dissects Benefits Of Human And Robo-Advice
New value propositions are cropping up for investors everywhere today. . . but humans are not the only ones delivering. Is Robo-advice a competitive threat or a potential competitive advantage to advisors in multi-generation planning?
Seven Important Stats About Canada’s Cultural Diversity
A diverse client base can present some challenges to financial advisors, but also many opportunities, especially if you embrace diversity and tailor your practice to the needs of Canada’s changing demographics. New stats will be interesting to you if you plan to grow with this exciting new market, especially with young families.
Claiming Tuition for Post-Secondary Education
If you have a university bound student in your home this year, there is plenty of good tax news to help with the financial burden. Once again, it’s important to be aware of opportunities to save or recoup some money, and remember to keep all receipts!
Claiming the Monthly Education Amount
Today certain tax credits have been enhanced to help both full-time and part-time students while they are studying, including the monthly education amount. Only one education amount may be claimed for each month: the full-time amount or the part-time amount. Here’s the criteria behind the numbers students will find on their Form T2202A, required to make the claim:
