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?Larry Frostiak at the Knowledge Bureau Corporate Tax & Year-End Planning Bootcamp
Attendees to this year’s Corporate Tax & Year-End Planning Bootcamp, hosted by Knowledge Bureau, will provide attendees with the background they need to plan and prepare T2 returns for small businesses. Knowledge Bureau is proud to introduce its featured instructor, Larry H. Frostiak, FCA, CFP, TEP.
Investment Income Planning
The Investment Income Calculator provides a step-by-step method for planning investment income for a single client or a couple over a four-year period. The calculator deals with TFSAs, registered investments (including RPPs, RRSPs, RESPs, and DPSPs) as well as non-registered investments.
Give the Gift of Financial Literacy
The Money Matters: Financial Lessons for Life 2014 calendars are full of timely and relevant money matter tips and make wonderful client gifts. Ensure your calendars with a pre-order – the 2013 calendar sold out! English and French calendars available. Order by August 15.
Character Conversion Transactions Get a Reprieve
The federal government gave character conversion transactions a mid-summer reprieve on July 11, making the transition process somewhat easier for companies that use derivative forward agreements to change the character of income transactions to capital transactions.
Average Tax Refund Increases in 2013
CRA answered close to 3 million calls this past tax filing season, and 20 million—or over 76% of tax filers—filed electronically this year, an increase of 17% over last year.
Solutions to Cottage Tax Problems
One of the most difficult asset transitions can involve the family cottage. In this second of a two-part article in family cottage planning, Knowledge Bureau author David Christianson discusses potential solutions to this sticky issue.
