News Room

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?

Accounting for Business Transitions

At some time in the lifecycle of a business, the owner/manager must deal with the sale or succession of their business. In Accounting for Business Transitions, understand the business issues involved and know what financial information is required to make decisions during the sale or transfer of the business.

Calculate the Tax Impact on Your Clients’ Investment Income

The Investment Income Calculator provides a step-by-step method for planning investment income for a single client or a couple over a four-year period and will quickly determine the tax impact on investment income and help you reconfigure solutions when alternative saving strategies are required. Try a free trial today!

Find the Sweet Spots at DAC 2014

Soar higher, think bigger, and drive your future value proposition and results. Don’t miss our 11th annual Distinguished Advisor Conference, November 9-12 in Horseshoe Bay, Texas. Early bird pricing ends June 30.

Olympic Victory: Flaherty On Track to Eliminate the Deficit

The stellar performances of our young Canadians at the Sochi Olympics seem to have inspired the Federal Finance Minister as he released his 10th budget today.

Economic News: Taxes Grow Faster Than Economy, But Debt, Deficit Down

Revenues are expected to increase by 2.9 per cent in 2013–14 and then by an annual growth rate of 4.7 per cent over the forecast period ending in 2019. Some highlights appear below; followed by detailed tables from the Budget.

Personal Tax News: Check Out Changes for Medical Expenses, Donations and Taxation of Trusts

Several interesting provisions were tabled in this budget, most notably a change to the way taxpayers apply for the Goods and Services Tax Credit.
 
 
 
Knowledge Bureau Poll Question

Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?

  • Yes
    9 votes
    9.68%
  • No
    84 votes
    90.32%