Mid-Summer Reviews: When to Collect OAS and CPP
Did you know that 61% of Canadians are afraid of running out of money during retirement? According to a new CPP Investments survey, that fear is widespread. Yet surprisingly few people understand even the basics of public pension planning. For example, Canadians are not obliged to begin OAS or CPP at age 65. By delaying, they can significantly boost after-tax income and improve retirement security.Tax Tip: How to Claim Union Dues
Do you pay union dues? Then you will qualify for a tax deduction and possibly a GST/HST rebate. Here’s what you need to know:
Missed Filing Past T1s? 12 Reasons to Do It Now
It pays to file outstanding tax returns as soon as possible and certainly before May 1, this year’s tax filing deadline. Here are 12 reasons why:
Looking for CE credits in 2023? Knowledge Bureau has World Class Financial Education for you
Did you know 2023 is an extremely important Milestone Year for CE/CPD Credits in the financial services industry? Knowledge Bureau designates need 15 CE Credits by June 30 to relicense; IIROC Cycle 9 ends on December 31, 2023 and Insurance Council licensing CE credits are due at various times throughout the year. That’s why Knowledge Bureau is offering 5 new and exciting CE options to meet your professional development needs in 2023:
Asset Management and The Price of Lettuce
The price of lettuce in Canada – up over 35% in a year – is still an eyebrow raiser, despite the easing of the inflation rate in January to 5.9%, according to Statistics Canada. What does that have to do with Asset Management? Simply that 2023 is proving to be a tough financial year and advisors need to up their game to manage the concerns of anxious taxpayers and investors who are tapping into portfolios to pay for inflation and recent interest rate hikes, and coming up soon – their tax bills.
20th Anniversary Contests – Get Involved!
It’s been a fantastic two months here at Knowledge Bureau celebrating the big 2-0...our 20th anniversary! With so much on the horizon this year you will want to get involved!
Tax Tip: Deductions for Commissioned Salespeople
Did you know that employed commissioned salespeople can write off more tax deductions than other employees? In fact, expense deductibility differs only slightly from that of the self employed. Yet, to get past a tax auditor, there are special nuances: employers must be prepared to verify unreimbursed, out-of-pocket costs were required and there are some specific restrictions. Details follow.
