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?

Bookkeeping is the cornerstone of any small business. In fact, keeping track of cash flows is a key stressor more many.  That’s where a highly qualified professional bookkeeper comes in:  to help steer the business into calm waters before any waves come aboard.  If you want to be that professional, Knowledge Bureau’s Advanced Bookkeeping for Multiple Business course is the best choice to up your game.

Do you want to learn a whole new way of thinking about your business so you can be at least 100 times more excited about your future? Bill Bishop, CEO of Bishop Communication Inc. and publisher of Disrupter Magazine, will explain how in his must-hear session at the Distinguished Advisor Conference 2016.  Final registrations are open now to September 30.

Whatever you want in life, other people are going to want it too. Believe in yourself enough to accept the idea that you have an equal right to it. Diane Sawyer

The refundable tax credits replacing the Family Tax Cut, Universal Child Care Benefit arrive this week.  What to expect?  Tax and financial advisors could be very busy tending to questions about the whether the size of the cheques is right, and filing 2015 tax returns for delinquent filers.

Leaked documents from CRA have been reported in China, indicating that 50 tax auditors and 35 additional staff have been deployed to crackdown on real estate tax cheats in Vancouver.  CRA confirmed to the CBC that indeed 339 audits have reaped $14 million in tax recoveries in 2015/2016.   Here’s how to stay out of trouble.

A just-released synopsis of the FINRA National Financial Capabilities survey of close to 30,000 Americans from June to October 2015 showed a stunning lack of financial understanding there; at a time when wealth and income inequality is at an extreme not seen since World War II. But Canadians did not do much better.