Mark Your Calendar: Critical Deadlines for May and June

Tax season never truly ends, it seems, as there are many more upcoming tax filing, investment planning and education milestones to discuss with your clients over the next six months. Check out our handy checklist below and then test yourself – what are the conversation openers you’ll use and with which clients? It’s your opportunity to shine with every member of the household:

Register by October 21 for early bird rates for Distinguished Advisor Workshops – fall edition.  October marks the official start of “year-end tax planning season,” and this year there are lots of planning concerns for business owner-managers, real estate owners and succession planning. Top industry experts will enlighten you, so you can add value to your client relationships.

Death is never timely, yet it comes to at least 1% of the population each year. Brushing up on filing requirements and planning opportunities in the year of death can save families thousands of dollars. Now is a great time to take Knowledge Bureau’s Final Returns on Death of a Taxpayer course so you can plan the after-tax consequences of deemed disposition of assets at death for your clients and their heirs.

"I think self-awareness is probably the most important thing toward being a champion." Billie Jean King

It’s unclear whether Canadians are really getting more from their Canada Child Benefit in 2016 over the Universal Child Care Benefit and family income splitting. That’s the subject of our October poll. However, at this time of the year there is lots a tax specialist can do to make sure your family maximizes the credit.

The 27th Actuarial Report on the Canada Pension Plan provides some fascinating reading about Canada’s demographics and economy over the next 75 years, to 2090.

Year-end tax planning is important in 2016, especially in light of Finance Canada’s release of its Annual Financial Report of the Government of Canada for Fiscal Year 2015–16 on October 7, 2016.