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?Asset Management: How are Stock Dispositions Taxed?
The stock market has been hot this year, and some investors have been cashing in. Dispositions in non-registered accounts will be taxable and in the case of securities, that can be complex. Advisors who can illustrate the tax consequences with simple examples will add much-appreciated value. In this first of a series on capital gains and losses, we provide illustrations to assist in conversations, excerpted from the new Advanced Retirement and Estate Planning Course.
Jump In! New Retirement & Estate Planning Update Course Now Available
Of special interest to financial advisors, RWMs and experienced tax and bookkeeping professionals providing advice to their clients: the new Retirement and Estate Planning Update course is now available and includes the recorded instruction from the May 20 CE Summits. It’s the perfect solution for those who can’t join us on May 20. Graduates earn 30 CE Credits and a full course credit towards the MFA™- Pension & Estate Services Specialist Designation Program. Take advantage of a long weekend special, too:
DAC 2021 Media Partners: Investment Executive & Advisor’s Edge
Knowledge Bureau is pleased to welcome back Investment Executive and Advisor’s Edge as the exclusive media partners for the 2021 Virtual DAC Acuity Conference from October 17-19.
KB Grads in the News - Kathy Arney, MFA-P™
A seasoned philanthropy professional, Kathy Arney has outstanding matchmaking skills. She shares why the MFA-P™ Philanthropy Designation Program helped to improve them.
Digital Assets and IP Qualify for 100% Tax Write-Offs
Good news for business investors! The April 19, 2021 federal budget contained over $2 billion dollars in tax write-offs for investments made on or after budget day and before 2024 to a maximum claim of $1.5 million. There are a few exceptions, but most property acquired used by CCPCs will qualify for a 100% write off when available for use, and this includes digital assets and intellectual property.
How to Take Advantage of the Canada Recovery Hiring Program
After gaining 300,000 jobs in March, Canada lost 207,000 jobs in April, primarily in locked down Ontario and British Columbia, according to Statistics Canada. The April unemployment rate also rose 0.6 percentage points to 8.1%. In a timely move, the April 19, 2021 Federal Budget proposed the new Canada Hiring Recovery Program, set to begin June 6, which would help pay for up to 50% of wages. Here is a how-to guide for employers hoping to tap in:
