The Clock is Ticking: Last Chance to Register for the Advanced Tax Update

If you are a tax, bookkeeping or financial advisor looking to sharpen your technical tax knowledge to accurately prepare personal tax returns or provide sound financial planning advice this tax season, don’t miss Canada’s most comprehensive T1 Advanced Tax Update. Besides the comprehensive 330-page course, CE Summit attendees receive a three-month subscription to EverGreen Explanatory Notes, and a full day of peer-to-peer training with expert instructors.  It’s an outstanding value dedicated to enhancing your value proposition.

Done well, tax filing and planning will increase the purchasing power taxpayers have to live with financial peace of mind in their future and to limit their exposure to tax audit risk.  Advisors who are positioned to add high value – whether you are from the tax, accounting, bookkeeping or financial services – will want to be a confident catalyst.  Limited seating is still available so register for the CE Summits before it’s too late! 

Here’s a look at the agenda and the contents in the comprehensive Knowledge Journal – which is worth the price of admission alone!

Reasons to attend the Winter CE Summits, kicking off in Winnipeg tomorrow!

1. Learn all the changes on the new T1 return and the details behind the lines and schedules.

2. The educational you’ll receive from Canada’s leading tax experts will enable purposeful tax planning. The tax filing process reconciles taxes prepaid throughout the 2019 tax year to determine the net cash flow Canadians have left over from their employment, business and investment activities for their economic activities in 2020 and beyond.

3. At the CE Summits, we’ll also dig deep into all the ways that tax planning, financial planning and wealth management are inter-related. Here are some highlights:

  • Tax planning. When tax preparation and tax planning are properly executed to optimize Canadian’s legal rights to arrange their affairs within the framework of the law to pay the least taxes legally possible on assets and income – and do not circumvent the intent of the law - the result is the creation of sustainable wealth over time.  This process also includes tapping into all the Social Benefits available: GSTC, CCB, etc.
  • Financial Planning. When taxes are minimized, more money is left over for savings, the essence of wealth planning. Financial advisors who understand tax planning are next in line to help Canadian taxpayers plan for contributions to tax-assisted registered plans such as RRSPs, TFSAs, RESPs, RDSPs and non-registered account accumulations, adding real returns to portfolio wealth management. 
  • Wealth Management. Wealth management encompasses the family’s whole plan – tax, investment, retirement, succession and estate planning – for present, future and intergenerational matters.  While tax and financial planning focus on accumulation and growth of wealth on a pre- and post-tax basis, wealth management also encompasses preservation and transition of family wealth over a variety of structures:  personal, corporate and trusts, with an emphasis on personal and financial risk management.    

4. You’ll learn more about a Real Wealth Management Approach and how it is perfectly aligned with your clients’ emerging financial needs as it embellishes on a three-part role for advisors, taught in Knowledge Bureau courses, workshops and conferences:Educator, Advocate and Steward. At tax time, your goal is to participate not only in the tax preparation compliance requirement but to ensure the sustainability of family wealth – after taxes, inflation and fees: 

  • By minimizing the taxes paid on prior returns
  • By ensuring the current year’s return is filed to the taxpayer’s best advantage so that the family unit, as a whole, pays the least amount of taxes legally possible.
  • By integrating tax planning into investment, retirement and succession planning activities with all generations in the family and, where applicable, the family business.

5. You’ll focus on what your client keeps.  Filing a tax return is the first financial transaction most Canadians will have in their financial lifecycle, and for many, it’s the most important financial transaction of the year.  The average tax refund is large: In the 2019 tax filing season it was $1740.  Those who owed money, owed an average of $6205; that’s $257 higher than last year’s $5948.

Interested in learning more? Check out the Knowledge Journal contents we've just released to the public and get a feel for how deep we'll dive into everything you need to know for tax filing and planning in 2020.

The CE Summits are accredited by Knowledge Bureau, Insurance Councils and IIROC for Cycle 8 credits, pending approval by the regulators.

For assistance call 1-866-953-4769