In this Issue:
Budget 2016

We always talk here about how April 30th is Accountants’ New Years Eve, and May 1st is Accountants’ New Year’s Day, a time for resolutions and changes. By far the vast proportion of our staff changes here have occurred after the annual rites of Tax Season. Two years ago, Joan shifted into semi-retirement. Last year, Diane embraced full retirement. This year, after 15 years, Jacqueline has chosen to move on to new things.

Errin has assumed the function of Financial Planning from Jacqueline, in effect consolidating the position of Manager of Personal Client Services, as Diane used to do. She has completed half of her education towards her CFP, and will continue with the rest this year. She also will pursue her TEP designation in support of the trust and estate she work she manages here. Hunter, too, is in study-mode, as he completes his final academics this year towards receiving his CIM and, ultimately, registration as an Associate Portfolio Manager with Trivest.

Our water-main flood happened just as the Spring newsletters hit your mailboxes, and we should almost be back to normal as the Summer edition hits your mailboxes.  While it was a Tax Season to forget in that regard, I thank the staff for hunkering down amidst the chaos, and we all thank YOU for putting up with the extraordinary circumstances. The office has benefitted from a freshening-up.

Through CRA’s on-line access, we have reviewed the 2015 Notices of Assessments for all of our personal tax clients, and followed up any issues.

This is our Annual Budget issue. Inside, you will see tax law changes are in-store.

As we and our clients are ageing every year, we are seeing a number of phenomena appear with increasing frequency:

  • People cashing out in the insane Vancouver real estate market and down-or-out sizing

IMPACT: the excess cash is helping children into the real estate market or topping up under-funded retirement sources

  • People nearing the front end of retirement are now much more interested in the crystal ball of their financial futures

IMPACT: a profusion of formal retirement financial plans being made

  • People are more mindful of the state of their legacy intentions

IMPACT: a profusion of will drafting and need to prepare the next generation for treating these inheritances wisely and responsibly

  • People ageing with various serious, and not so serious, ailments

IMPACT: a profusion of CRA disability tax certificates being filed