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?Congratulations to our CE Summit Prize Winners!
We love to celebrate the scholastic achievements of our designates at Knowledge Bureau, and to wrap up yesterday’s Virtual CE Summits we dished out some prizes to two lucky winners. Please join us in congratulating them and check out what they won!
Emergency Response Benefit Complexity: New Info Released
In the midst of many provinces facing increased lockdown measures, the CRA has released new information, documentation and resources about Canada Emergency Response Benefit repayment and taxation. It has the potential to both aid and add to the complexity and confusion many are facing, particularly when it comes to the CERB. Here is what you need to know:
Are Employees Taxed on Cell Phone Use?
Employees who use a cell phone in their work may be wondering about claiming costs as an employment expense. CRA has some very complex rules to accompany the issue and both employers and employees should be aware of them. Here is a primer:
Ear to the Ground: Financial Pros on Canada’s Economic Recovery
It turns out that the 74% of our December poll respondents who answered no to our question “Do you think that Canada is headed towards strong economic recovery in 2021?” were right: Canada is not yet poised for a strong economic recovery. We’ll report on some of their reasons why, but also take note of new economic data.
Advanced T1 Tax Update: Early-Bird Registration Ends Jan 15
Are you training new and returning staff working in independent tax filing firms? Perhaps you are a CPA in public practice, a financial advisor, public trustee, legal or financial assistant, municipal officer, payroll or software company serving individuals and business owners with tax compliance? Then don’t miss Knowledge Bureau’s acclaimed Advanced T1 Tax Update 2021 for 2020 T1 Returns. Here’s what’s new in our innovative offerings this year:
Differentiate Yourself as a Real Wealth Manager
With the dramatic increase in online transactions and digital solutions, and the challenges and opportunities presented by the pandemic, clients require more frequent professional communications, improved collaboration between their financial professionals and more efficient processes in building wealth with all family stakeholders in a highly complex tax and investment environment. Differentiate yourself as a Real Wealth Manager™ to help with high value professional skills. Consider the following:
