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:

Income splitting and higher limits to TFSAs could make a big difference in Real Wealth Management™ for Canadians families, reducing tax on income both today and in the future when retirement income is drawn completely tax free. 

Fall is the perfect time to focus on professional development. Take advantage of a number of upcoming live events and earn valuable CE credits with Knowledge Bureau.

Employment and Social Development Canada announced today the quarterly amounts for Old Age Security (OAS) benefits for October to December 2014 will increase from $558.71 to $563.74 for each of October, November and December, bringing the total OAS benefit for the year up to $6,676.59. 

October 1 is National Seniors Day and tax and financial advisors can help in a significant way by inviting seniors to their offices to review specific provisions they may be missing on their tax returns, like the Disability Amount.

For employees between the ages of 65 and 70 years old, the decision of whether to continue to contribute to CPP and thereby increase their CPP benefits, or to instead opt out and retain the annual premium needs to be made.

"Despite the fact that Canada didn’t have a 'homegrown' financial crisis, economic recovery has been painful," said Timothy Lane, Deputy Governor of the Bank of Canada last month at Carleton University. That pain may remain with us for some time yet.