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?

Artists and musicians may claim expenses for items specific to their profession, including capital cost allowance on musical instruments.

The Knowledge Bureau Faculty have been busy with the media this tax season. Here is a round up of recent media mentions!

Ensure you're prepared for Tax Audit Season and know the Rules of the Game – gain techniques and information that will help you set up the best defence in case of appeal, learn best e-practices, understand how to prepare defense files for potential Appeals Process, and be able to educate clients and staff.

Tax efficiency is your #1 weapon in taking control of your time and money. Take charge of the results you get with your money and prepare yourself for the special life events that trigger important money matters. Take advantage of our special "Buy 3, Get 1 Free" offer on all books – a great gift for your new clients! Order by April 16.

Are you able to advise private business owners and managers about the best way to manage their compensation to maximize the amount of after-tax income available? Gain a solid understanding of options available when constructing compensation packages, of the salary-dividend-bonus mix to maximize tax efficiency for the owner and each family member, and of constraints imposed by income tax and other laws so you can provide sound advice to the employer or client on compensation planning all year long.

Investing on a pre-tax, tax deferred basis is powerful.See how making the right choice—registered or non-registered account—can make all the difference in building wealth on time for your retirement schedule. Try it out, risk free!