October 1 - Important Changes Coming to VDP
Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.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:
One Canada’s Top 50 Financial Advisors Hosts Distinguished Advisor Conference (DAC)
FOR IMMEDIATE RELEASE – Modern day advisors need to learn a more proactive approach to both educating and assisting their assist clients through new conversations that are multi-generational in nature. Evelyn Jacks, President of Knowledge Bureau is delighted that one of Canada’s top 50 financial advisors – David Christianson - will help steer the audience in the right direction with his experience and wit again this year.
