Finance Canada Drops Draft Legislation August 15

All professional tax practitioners, financial advisors should take note of an important mid-summer release of draft legislation to implement some of the proposals from the November 2024 Fall Economic Statement, the April 2024 Budget, the EIFEL rules announced on August 12, 2024, and rules relating to passive income of foreign affiliates announced in the 2022 federal budget.  This draft legislation also introduces more modifications to new trust filing requirements. Brief highlights appear below;  technical details will be discussed in the September 17 and November 5 CE Summits and Knowledge Bureau’s certificate course on T3 Filings. 

Your client owns segregated funds in non-registered accounts with guarantees at maturity. How is this treated on the tax return in the case of a withdrawal?

To maximize your investment outcomes, be sure to assess the after-tax cost of fees for each investment. A higher return due to lower fees (as opposed to increased risk) can result in significantly more income in retirement and higher estate values.

Knowledge Bureau is excited to announce the beautiful Horseshoe Bay, Texas as our DAC 2014 location!

Get ready for the busy 2014 tax season with the Personal Tax Bootcamp. This fast paced workshop will focus on changes in personal tax planning, 2013 T1 tax forms, and all the details you need to really dig for every tax deduction and credit your clients are entitled to. Be an early bird and save – early registration ends November 30.

Stories and pictures are an important part of any conversation and bring family values into focus. Financial Fotographs will help you tell financial stories, learn from lessons of the past and paint a brighter picture of the future from a financial planning perspective. Order your copy today, hot off the presses.

Debt is a large problem in many households. Wealth advisors need to see where the debt lies and understand how to help their client use debt in a healthy manner in order to accumulate, grow and preserve wealth. Enrol in Debt and Cash Flow Management by November 20 and save $200 on tax deductible tuition fees.