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?

WHAT’S THE TRUE VALUE OF EDUCATION? It’s priceless, especially if it prepares you to advise others to embrace financial peace of mind. Now you too can engage in sharing knowledge with top experts and their best tips on year-end planning information on personal and corporate tax, and retirement and estate planning. Plus, if you enrol by October 15, you will receive $465 in extra value savings.

On September 13, the Canada Employment Insurance Commission announced the maximum EI insurable earnings and the premium rate for 2020*. The new premium rate and maximum insurable earnings will affect the first payroll of 2020. Here’s how:

Financial advisors have a big role to play in helping their clients understand and explore the effect of the proposed tax and financial issues as part of their year-end tax planning activities. There have been tax cuts, but more alarming, the potential of really big tax hikes for today’s wealth holders. Are you and your clients up-to-speed on the effects on boomers in particular? Here’s what we know so far:

Family business is integral to Canada’s economy, according to a recent study by Family Enterprise Xchange*. As major contributors in the areas of employment, goods and services produced, growth and longevity, family enterprises are an important opportunity for industry professionals to educate themselves and strategize, as the biggest threats to the continuity of family enterprise are demographics, tax policy and a lack of trained advisors.

Blockchain technologies and tax rules related to cryptocurrency continue to evolve. What do tax and financial advisors need to know about how these changes impact assets and investments, today, tomorrow and in the years to come? The newest speaker added to the DAC 2019 lineup Hussein Hallak, CEO & Founder of Next Decentrum will provide a primer with his speech on Reshaping Your World: Blockchain, Cryptocurrency and Cybersecurity.

In today’s era of innovation and industry disruption, CPAs have become wise to the fact that their future careers will look a lot different than how they do today.