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Financial Issues & Answers for Everyone
A thorough analysis of today’s financial news—delivered weekly to your inbox or via social media. As part of Knowledge Bureau’s interactive network, the Report covers current issues on the tax and financial services landscape and provides a wide range of professional benefits, including access to peer-to-peer blogs, opinion polls, online lessons, and vital industry information from Canada’s only multi-disciplinary financial educator.
May 2025 Poll
Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?
The Effect of CGIR on Employee Stock Options
Providing ESOPs is a way of helping start-up businesses to attract high-value employees despite their lack of capital to pay the larger salaries. Because larger companies were using stock options as a form of compensation for higher-income employees effectively reducing the taxes paid by such employees, a limit was placed on the amount of stock options that were eligible for this treatment for employees of large companies. Now proposed changes to the Capital Gains Inclusion Rates (CGIRs) will make this even more complex.
Tax Traps: Home Office Expenses
A claim for home office expenses is common, but there are changes this year which are fraught with audit risk. The simplified claim method in place for 2020, 2021 and 2022 tax filing years has ended and so the “detailed method” must be used. The self employed have more latitude in claiming expenses but for employees a special tax trap is the claiming of supplies used up in the course of employment duties. Here’s what you need to know:
Tuition Fee Payment Options
Registering to take certificate courses under our Specialized Credentials Programs or Continuing Education including CE Savvy Summit passes and the Acuity Conference for Distinguished Advisors (DAC)? Take advantage of tuition fee savings this month and find out more about our tuition fee payment options below:
June 25 Approaching – Get Up to Speed on Capital Gains Changes
June 25 is fast approaching, and advisors have an important role to play in ensuring that this trigger date for the higher inclusion rates will not unduly upset retirement and estate plans. How can you help clients? This article focuses on 5 things to focus on when planning with your clients, and you can take a deeper dive with the CE Savvy™ Summits Advanced Retirement & Estate Planning Course. Register with a special enrolment offer until June 30 (save $100).
Real Wealth Management™: A Collaborative Approach to Financial Peace of Mind
Check out the recording of the live Meeting of the Minds session featuring practicing members of the Society of Real Wealth Managers™ and learn more about how their collaborative family office approach helps clients make sound financial decisions. Our panel featured two team members from Fraser and Partners who shared how their focus on education and leveraging the multi-faceted skills of internal and external stakeholders adds value to the work they do with their clients. Learn more by registering now for the Meeting of the Minds and enrol in the Designation Program at a special tuition rate, only until June 30.
