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 four times a year.
Please send any feedback to Deanne Gage, Editor, FORUM Magazine. |
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| What’s New at Advocis As summer turns to fall and the second wave of vaccinations continues, the spirit of getting ready for a busy autumn is beginning at Advocis as well! A few highlights include: - A brand-new course on Ethics and Social Media is now available for online enrolment! Join Rod Burylo as he introduces the complex world of ethics and social media, including a dive into the importance of ethics, the difference between ability trust and integrity trust, and a review of common problems that financial advisors and planners can face with social media. Rod also explains how to develop a communications strategy and explores the legal guidelines around social media communications.
- Watch your inbox for registration information on a September 15th National Webinar with experts Karen Henderson (CEO, Long Term Care Planning Network) and Margaret Egan (Founder and CEO, Sinclair Barnes Limited) on the state of LTC in Canada, including the impact of COVID-19 and what it means for financial advisors and their clients.
- If you haven’t yet joined the Advocis Book Club, you’re missing out on a fantastic membership-exclusive benefit that can assist you in your personal and professional development, as well as the chance to virtually meet authors such as Dan Heath and Todd Herman as they lead the club through discussions of their very own titles! Join us today for our upcoming selection Deep Work: Rules for Focused Success in a Distracted World by Cal Newport.
- Advocis Coffee Talks continues throughout 2021! Check out the archives on our website if you missed some of the recent highlights.
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| | By Jamie Golombek and Debbie Pearl-Weinberg
July 14th, 2021
On July 1, 2021, new stock option rules came into force to limit the preferential tax treatment associated with certain employee stock options.
Here’s a quick overview of how employee stock options work, the tax treatment, and the tax treatment for newly issued options granted as of July 1, 2021.[..] Read more |
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| | By Christine Timms
July 14, 2021
Deciding when to retire is a very personal decision. In this industry, we are fortunate that most of us can choose when we retire (exit our practice) and can usually wait until we are fully prepared. I will share my own reasons for exiting my practice, as well “hints that it may be time to start preparing for retirement,” that I learned from my own experience and from others in the financial advice industry.[..] Read more
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| | By Kelly Maxwell
July 14, 2021
There have never been more opportunities to connect with prospects online than there are right now. While referrals continue to be a vital source of new business, in 2021, more advisors are seeing the benefits of developing their online presence to ultimately generate new leads.[..] Read more
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| | By Kevin Wark
July 14, 2021 Health and Welfare Trusts (HWTs) have been an important vehicle for businesses, large and small, in sourcing and administering group benefits for employees. While the tax rules for providing employee benefits through HWTs are not specifically set out in the Income Tax Act, the Canada Revenue Agency (CRA) has developed administrative rules that effectively treat an HWT as a proxy for the employer for tax purposes. This permits the employer to deduct contributions to an HWT to fund group sickness and accident insurance, group term life insurance, and private health services plans (PHSPs).[..] Read more |
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| | By Mike Carlson
July 14, 2021 As an Indigenous person who is also a QAFP, I feel alone. I believe that I am one of only a handful of Advocis members who self-identifies as Indigenous, and am further isolated because there is no demographic or race data on members, and no spaces I can go to meet other Indigenous planners like me. On this 21st of June, the summer solstice and National Indigenous Peoples Day – a day that is very important to me culturally – I feel the weight of that isolation the most.[..] Read more |
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