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Latest news in Financial Planning

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Half of working-age women worry they won’t have enough in retirement

43% of men have the same concern

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CRA updates child-related tax folios

Revised folios provide tax guidance for clients who are parents, students or parents of students

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Newly wealthy clients need help with shifting priorities

Windfall recipients intend to pay off debts and share their newly acquired wealth with friends, family and charity

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FPSC unveils new FP Canada details, introduces QAFP designation

Newly created division will deliver professional education programs and other tools to prospective and existing financial planners

  • November 26, 2018 December 31, 2018
  • 12:56
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TFSA annual contribution limit rises to $6,000

The cumulative TFSA contribution limit in 2019 will be $63,500

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Focus on making philanthropy personal

With a focused approach to giving, clients can measure their impact and feel connected to their causes

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Wealthy millennials will reshape philanthropic giving

Millennials are more than twice as likely as boomers to feel that leaving a legacy is important

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Advocis puts new spin on financial literacy

Website and podcast timed with the opening week of Canada’s Financial Literacy Month

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November is Financial Literacy Month

IFSE launches Tip of the Day awareness campaign

Hand putting Coins in glass jar with retro alarm clock for time to money saving for retirement

CRA increases maximum pensionable earnings for the CPP

The increase of 2.7% to $57,400 from $55,900 was calculated according to a formula that takes into account the growth in average weekly wages and…

  • By: IE Staff
  • November 1, 2018 December 31, 2018
  • 10:00
laughing family, senior parents and their adult son

Parental guidance

Clients with aging parents may need help in ensuring those seniors are prepared for what lies ahead

Canadian money in the black wallet

Effective tax rate rises for Canada’s top 1%

Tax filers with a total income of more than $3 million had the largest increase in their effective federal income tax rate in 2016

Worried Young Couple Lying On Carpet Calculating Their savings, planning future, retirement fund

$250,000 salary would make Canadians feel “financially comfortable”

Income expectations vary by age

mature couple at home meeting with financial advisor

Handling passive-investment rules

Recent changes to the way that active business income earned within a private corporation is taxed may affect some of your high net-worth clients

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Financial planning aids asset retention: report

U.S. advisors are increasingly using financial planning to build trust with clients

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Creative differences

Self-employed artists - such as sculptors, painters, musicians and actors - face special financial planning challenges, from retirement planning to taxes

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Groups introduce new strategic philanthropic designation for advisors

The program will allow advisors to develop strategic plans focused on philanthropy for individuals and families interested in charitable giving

  • By: IE Staff
  • September 20, 2018 December 31, 2018
  • 11:15
laughing family, senior parents and their adult son

Canadians missing out on tax breaks for caregivers: poll

Canadians contribute an average $430 per month to care for aging or ill family members

Canadian money in the black wallet

Trust betrayed

Regulators and dealer firms have been slow to come up with a clear process for financial advisors to handle suspected cases of elder financial abuse.…

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IFIC expands Vulnerable Investors Resource Centre

New advisor materials on capacity and decision making now available

Young woman on a wheelchair over a green meadow

DTC: Opening doors

Qualifying for the disability tax credit is key to receiving several valuable government benefits. Here's what you and your clients need to know about this…

huge family portrait with parents and six kids

Current estate plans fall short for many blended families

Financial planners must work very closely with questions to ensure their complex financial and estate goals are met

Senior man in driver's seat of car

Gig economy increasingly important to post-retirement clients

Financial planners need to have proactive conversations with clients about how taking on work in retirement could affect their income taxes

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More Canadians consider guaranteed life income products desirable

Segregated funds and annuities are two products that can help Canadians reach their goals

businessman in depression with hand on forehead

Financial literacy isn’t financial wellness for Canadian workers

Stress about retirement is the biggest financial worry among Canadians