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?Year-End Tax Planning: Manage The Costs Of Debt
It’s hard to believe that back in 1980, Canadians’ debt to disposable income level was 66%; today it is 164%, which means that households today owe more than $1.64 for every dollar of disposable income. That’s a big problem if job loss is in the future and, therefore, should be a topic of conversation for those working in industries suffering downturns and in retirement planning conversations.
DAC and DAW 2016: Outstanding CE Opportunities for Professionals
It’s official: The Distinguished Advisor Conference (DAC) will be held November 6-9, 2016 in San Diego, and Knowledge Bureau’s Annual January Personal Tax Bootcamp is set to begin January 20 to 25, 2016 across Canada. Registrants are urged to reserve their spots early and take advantage of early bird tuition reductions until December 15, 2015.
First Budget for Alberta’s New Government
Last week, Alberta’s new NDP government brought down their first provincial budget.
Maximum pensionable earnings for 2016 announced by CRA
On November 2, the Canada Revenue Agency (CRA) announced the maximum pensionable earnings under the Canadian Pension Plan (CPP) for 2016 will be $54,900. That is up from $53,600 in 2015.
Snowbirds Need to be Aware of Taxation Issues
It’s November and that means Snowbirds are on the move again to Florida, Arizona, California and Texas to name a few of the favorite spots. People who ordinarily reside in Canada but spend part of the year in the United States must take caution to ensure they are not spending too much time in the U.S., which would deem them a U.S. resident for tax purposes and potentially a non-resident of Canada.
DAC attendees CE Credits
Attendees of the 2015 Distinguished Advisor Conference will have the opportunity to claim up to 15 CE credit hours from the following regulators:
