August 2025 Poll
A public consultation on whether the CDIC’s deposit insurance limit should be raised to $150,000 per deposit category is underway. Do you agree?Boomers at Risk: Nudging Young Generations Towards Financial Independence
One-third of parents of millennials say that their children are a financial strain that could ultimately take a toll on their own retirement. That’s the ongoing challenge that the boomers face. When it comes to managing their money, this generation needs to nudge their millennials towards financial independence or place their own retirement plans at risk.
Addressing Philanthropy Goals Before Year-End
In the height of charitable giving season, a review of recent tax changes provides an opportunity for advisors and clients to plan more strategically, while maximizing tax savings and planning 2019 investments before year-end. Here’s a checklist of talking points for your December meetings:
Your Feedback Needed: Proposals to Restrict Referral Arrangements
The Canadian Securities Administrators (CSA) have proposed restrictions on fees related to referral arrangements. The Independent Financial Brokers of Canada (IFB) wants to better understand the impacts of these proposals and has asked for the participation of financial services professionals in a survey, which is open to both IFB members and others in the financial services industry.
Grads in the News: Sylvie Gewehr
Sylvie Gewehr from Haines Junction, Yukon, is pursuing her DFA – Tax Services Specialist designation in her transition from bookkeeping to offering tax filing services. She shares how she started her educational journey with Knowledge Bureau, and her unique story about how the online self-study structure made it possible while living in a remote location.
Donation Controversy: Tax Relief for Media
Last week’s Fall Economic Statement featured updates to Canada’s economic outlook and corporate tax changes, specifically, the Capital Cost Allowance measures. However, the Finance Minister also proposed a controversial $595 million package to support Canada’s media sector, including tax breaks for those who subscribe to some online media outlets.
Wait Until 2020 for CRA Service Standard Improvements
A year after the Auditor General Report that took the CRA to task over its service standards, this fall’s report delivers further criticism. This time, CRA is being called out for its inconsistent practices and in addition, this latest critique follows the news that the implementation of call centre improvements has been delayed again.
