Welcome to eFORUM! The newsletter of influence for financial advisors Created by the editorial team of FORUM magazine, eFORUM delivers Advocis members content they can use in their everyday communications with clients. Designed to inform and help advisors, eFORUM features practice management, insurance, tax, and estate planning strategies. Look for eFORUM in your inbox three times a year. |
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| What’s New at Advocis As the summer progresses, things have continued to heat up at Advocis! A few highlights include: - Advocis National Schools are Back! Get ready to dive into another in-person semester with the Advocis Atlantic School (August 20 – 22) or the Advocis Banff School (August 18 – 22)! Expect stellar industry-leading guest speakers and unbeatable networking opportunities.
- Celebrate 100 Years of CLU®! There’s never been a better time to start your CLU journey. As part of our centennial celebration, we're offering a special 25% discount on the first course, CLU 255.
- Advocis Coffee Talks, Our popular espresso-sized webinars are here to give you a quick and insightful boost on a wide range of topics. Plus, earn CE credits for that extra "kick" in your professional journey!
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| | By Jamie Golombek and Debbie Pearl-Weinberg
July 26, 2024 The capital gains inclusion rate changes announced in the 2024 federal budget are now a reality. As of June 25, 2024, individuals may only benefit from a 50% inclusion rate for the first $250,000 of capital gains in a year, and capital gains exceeding $250,000 are now subject to an inclusion rate of 66.67%. While the government has indicated that these changes are unlikely to affect most Canadians, there may be a significant impact on those who own a second home, such as a vacation property.
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| | By Kevin Wark
July 26, 2024 Recent tax changes have increased both planning opportunities and complexity for shareholders contemplating the sale of their business while alive or on death. Here’s a summary of the main changes and implications for shareholders of private corporations as they apply to different sale situations. [...] Read more |
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| | By Afsar Shah
July 26, 2024 When it comes to succession planning, financial advisors often ask me, quite simply, “Where do I start?” My suggestion is to start by understanding your why and creating a clear sense of purpose. Every great endeavour throughout human history has had, at its core, an underlying sense of purpose or mission. Your own succession plan is no different. It needs a sense of purpose that acts like a North Star, guides your decision-making, and enables you to overcome challenges and adversity. [...] Read more |
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