Guides and updates on Canadian licensing: LLQP, CIRO's proficiency model, CFP/QAFP and insurance careers, from BCC's instructors.
73 articles · page 8 of 8
Newsletters
It’s September, and some of your clients might be sending the kids away to post-secondary school for the first time. This can be an exciting time. I know that Canadians don’t do this as much as our neighbours to the south, but it still happens. Even if the kids aren’t
Financial Planning
Since the introduction of the TFSA, I have often heard that low-income Canadians cannot benefit from the RRSP and should be using the TFSA instead. The argument here generally hinges on qualifying for the Guaranteed Income Supplement (GIS). For a quick review, the GIS is paid to those who have
Estate Planning
A question that comes up regularly in class, and features much confusion, concerns RRSP beneficiary designations. I expect that most people are aware that an RRSP annuitant can name a spouse as beneficiary and achieve a rollover to the spouse’s RRSP on death. Similar rules apply to RRIFs. Common-law partners
Education and Designations
Last month the newly renamed FP Canada (formerly Financial Planning Standards Council or FPSC) released a more detailed look at the changes coming to the CFP designation routes in 2020. The biggest updates include the requirement of a post-secondary education, introduction of FP Canada-administered courses instead of the Capstone Course,
Insurance and Risk Management
Living in Alberta, I saw much discussion of child care leading up to this most recent election. Last year, when the 2018 Budget introduced adverse consequences of building up too much passive income within a corporation, many commentators pointed out that this would hurt prospective parents who might build up
Estate Planning
I have spent a bunch of time over the past couple of months reviewing students’ Capstone course work, as they pursue the CFP® Certification. While it is not new to me, a pattern that I see is that financial advisors tend to present the avoidance of probate as a virtue.
Financial Planning
Your clients are likely rounding the corner to tax season, and gathering up receipts to support their desire to minimize their tax bills. Some of those receipts will likely include medical expense receipts. As we know, most families have relatively low direct health care costs. The things that do carry
Financial Planning
For many of our clients, February is RRSP (Registered Retirement Savings Plan) season. We don’t run a lot of classes in the last two weeks of February, and we normally see a lull in activity as advisors scramble to meet their clients’ last-minute tax planning needs. I am going to
Education and Designations
I spent much of December at various Christmas events. I must be a boring conversationalist, because I find the topic often turns to designation programs for financial advisors. Given that we have two initiatives upcoming related to the Chartered Life Underwriter program, I will take this opportunity to discuss that
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