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:

Know the pros and cons of all possible solutions for wealth and succession and estate planning in order to discuss options with your clients. Enrol in Use of Trusts in Tax and Estate Planning by October 30 and save $200 on tuition fees.

Take advantage of our bootcamps' new three-part blended learning activities and earn up to 30 CE/CPD credits towards your MFA or DFA-Specialist designation. Spots are still available for November's Corporate Tax Bootcamp – final registration deadline is October 30.

Today, more than ever, both first and lasting impressions count. Learn to make your ABCs—Appearance, Behaviour, Communication—align with your Personal Brand. This new release from Catherine Bell will be available at the end of October. Pre-order your copy today!

Take a peek into the future at what your retirement will look like—financially speaking—after tax, for both you and your spouse. Check out the Tax-Efficient Retirement Income Calculator with a free trial.

An interesting decision was delivered last month in a Tax Court of Canada case (Marion Sotski v. The Queen (2013) TCC 286) in Edmonton regarding the deductibility of the cost of hardwood floors in the home of a person suffering from Parkinson’s disease.

According to a recent Stats Canada National Household Survey, Canadians are very industrious: collectively, 27.3 million of us earned $1.1 trillion, and two thirds of Canadians pay taxes.