“Heaped compensation,” paid in the early years of the contract, makes it difficult to sell books
Possible changes to health and welfare trusts could alter the way small-business clients fund certain employee benefits
An international initiative to develop worldwide standards for financial planning could result in abuses by advisors who declare themselves qualified even though they are not certified, Canadian financial planning industry officials warn.The designations of certified financial planner and registered financial planner are well established and recognized in Canada. While another set of standards may be […]
Legislation will not come into force until mid-2006 to allow Senate to make further amendments
The end of the year is quickly approaching. Here are a few yearend tax strategies for your individual and owner-manager clients.> Tax-loss selling. Your clients should make sure they trigger any capital losses they want to use to offset any capital gains for 2005 tax purposes, says Jamie Golombek, vice president of taxation and estate […]
But tax practitioners are deeply divided on whether Canada’s top court made the right decision on the Income Tax Act
The ability to convert a term insurance policy automatically to some type of permanent policy is becoming more difficult — and potentially costlier. This means clients may have to explore their long-term policy options earlier than they had anticipated.The average amount of a death benefit has increased. Due to industry convergence, advisors should be aware […]
Consumer advocacy group alleges uncompetitive and anti-consumer sales practices in P&C industry
Confusion aplenty in the tax industry as accountants sift through yet another massive set of proposed rules from Ottawa
Agency assumes taxpayer is trying to pull a fast one, an attitude that comes through in assessments