In July, we officially moved into our extra space next door, although it remains a “work in progress”. Trivest has moved over to that new space.
In October, Don led his annual Strategic Planning Boot Camp retreat for account-ing practitioners at Harrison Hot Springs. In November, Don was awarded a “life membership” in his CMA professional accounting body. Ordinarily, professionals must drop their letters and surrender their certificate upon retiring. Life Members carry the professional mark after retirement. There are approx 85 life members in BC. In December, Don attended the Speakers’ conference in Toronto, and has cho-sen to step down from its National Board after three terms.
Change continues here…Diane indeed has retired from Nilson & Co after 24 years, and will be a retiree emeritus from our organization! However, she has “crossed the floor,” as they say in Parliament, and has joined Trivest on a part-time basis. Her diverse Nilson & Co responsibilities will be split up. Jacqueline, CFP, now is our Manager of Financial Planning. Errin has become the Manager of Personal Client Services, which includes our Trust Department. In November, Errin was promoted to being an Associate of the firm. Colleen, too, will shift her emphasis to working primarily in Trivest. Her book-keeping workload will shift to Marilou. We are pleased that Joan will continue to manage our US tax work and assist us through personal tax season in March/April. We unsuccessfully have tested the labour market this Fall to find a long-term hiree.
The 2015 pocket calendars are in stock. Drop by to pick one up or call if you would like one mailed to you.
We will be presenting our annual Spring seminar at the usual location in West Vancouver on March 28th from 10:00 til 1:00. This year’s topic is the multi-generational preservation of wealth. Contact us by March 20th to secure a seat.
Our Christmas book suggestion this year is The Cycle of the Gift: Family Wealth and Wisdom, by Hughes, Massenzio and Whitaker. It is profound reading along the theme of our new endeavor, Family Confab .
Client of Distinction
We congratulate well-known city journalist Frances Bula for being a double winner at the 2014 Web-ster Awards. She received recognitions under the categories of “Best News Reporting” and “Business, Industry and Economics”.
- Make your last personal tax instalment by December 15th
- Complete your donation plans by December 31st
- Make sure your RRIF withdrawal requirements have been met by December 31st
- If you turned 71 this year, you are obliged to convert your RRSP to a RRIF by Dec 31st
- Business owners should consider making use of the tax-free gift laws for staff Xmas bonuses (see details on our website)
- Contemplate the wisdom of triggering taxable amounts, eg by RRSP deregistrations
- Trigger the full $2,000 of tax-preferred pension income by December 31st if you haven’t al-ready
- Keep your transit pass receipts for the whole family, and buy monthly passes
- Beat the February rush and make your 2014 RRSP contribution now
- Get the jump on your 2015 TFSA contribution in early January
- Review your unrealized capital gains/losses strategy
- If you are an entrepreneur, review your payroll remittance balance for the year to be sure it is adequate when the 2014 T4 filing is prepared in February
- As the New Year rolls around, you might want to think about whether you wish to defer your property taxes for 2015. If you are making monthly instalments, you may wish to stop them if you plan to defer. The interest rates are 1% for seniors and 3% for parents.