Friends of KWB

At KWB, it’s important to us that you receive thorough and comprehensive financial information and advice.

We ensure that you’re compliant with your tax filings and taking advantage of all tax saving strategies. We will also assist you in running your business efficiently, but there are some areas that still require expertise from other professionals.

We work alongside a network of qualified and passionate lawyers, financial planners, investment advisors, and insurance professionals to ensure that all aspects of your business and finances are taken care of. We only deal with the very best, and have chosen our partners based on their experience, expertise, and passion for excellent service.

KWB recommended a lawyer for the corporation’s business several years ago. We continue to use that lawyer’s services today. Patricia Campbell, Louis Bugeaud

In areas where we do not provide the services that are necessary, we are always happy to refer you to our network of partners, and work with them to ensure your needs are met. Friends of KWB include:

Angus Watt Advisory Group (AWAG)
AWAG provides investment advice, financial planning, insurance and benefits services, and estate planning. With decades of experience in the financial industry, Angus and his team provide expert advice with a personal touch. Working closely with the AWAG has benefitted a number of our clients.

Blog posts about Friends of KWB

Jul 27 2012
The Value of Advice

What is the value of advice? When it comes to portfolio management, the overall value of the advice can be measured by comparing the performance of one portfolio over another in a specific amount of time. However, when it comes to wealth management, the overall value of the advice discussed regularly with clients is much more difficult to measure. Read on to see some real life examples of the value of the advice given.

Jul 19 2013
Once in a Blue Moon

I recently read an excellent article about a rare economic occurrence that was happening this past June. To help you find out more about this rare economic occurrence, here is the full article prepared by Wealth Stewards Portfolio Management Inc. (WSPM)

Nov 30 2012
Economic Update

Want some quick insight into what the top topics affecting the US economy are this month? Take a look at our quick snapshot.

Oct 19 2012
Economic Snapshot

Are you interested in what some of the current economic conditions are in Europe and the U.S.? For a quick and easy to understand snapshot, in a half page summary format, read on.

Jul 14 2013
The Enlightened Investor - Fees & Expenses

Fees and expenses are the single biggest reason professional money managers fail to outperform the market return. Learn a little more about what are reasonable fees and what makes up most investment fees.

Jan 21 2016
Charitable Giving

If charitable giving is something that you are interested in and you want to see the tax benefits obtained recently by one of our clients, read on for more information.

Jun 27 2017
Disaster Recovery 101

Terrible devastation caused by flooding or fires is a potent reminder that one should not delay planning for disasters in advance. Learn how to approach designing your own Disaster Recovery Plan (DRP).

Sep 10 2013
Economic Update on U.S Interest Rates

Are you interested in what is happening with interest rates in the U.S.? Here is a quick and easy to understand summary.

May 11 2016
The Enlightened Investor: A New Trustee Act for Alberta

Provincial legislation is periodically updated. In Alberta, a revised Wills and Succession Act came into effect in 2012, an updated Estate Administration Act was passed in 2015 and now an initiative is underway to co-ordinate the Trustee legislation across Canada. The Alberta Trustee Act is the provincial legislation governing the administration of trusts. A trust

Dec 15 2015
The Enlightened Investor:Calculating the Cost Base of a Security Held in Multiple Taxable Accounts

Congratulations! You just sold and realized a profit on that promising investment (stock, mutual fund, ETF etc.). When you’re done planning how to spend your windfall you might also consider how much tax you owe on that gain. Unless the sale occurred within a non-taxable RSP or TSFA. Normally, this is fairly straightforward. You

Nov 10 2015
The Secret to Fitting a Healthy Lifestyle into your Busy World-Part 2

Part 2 of an article on Healthy Lifestyles. See Part 1 posted on October 28, 2015. Strategic Step #2: Automate & Re-Engineer Your Environment We are creatures of habit. Did you know that on a typical day you make about 300 decisions about nutrition? Most of them are done unconsciously and can often lead to

Oct 28 2015
The Secret to Fitting a Healthy Lifestyle into your Busy World-Part 1

Entrepreneurs, business owners, and professionals often lead very busy lives. Being one myself I can relate to wearing many different hats, starting early, ending late, and seeing it have the impact on my lifestyle and my health. So many of us get into an unconscious pattern that just becomes our normal way of being. Unfortunately

Oct 20 2015
The Enlightened Investor: What is meant by “market return”?

The investment industry and media often refer to the “market” and the “market return”. Or that the market was up or down on the day and that a portfolio manager's return outperformed or underperformed the market return. So what exactly do they mean and how does it relate to you? The market generally refers to

Sep 29 2015
The Enlightened Investor - Moving Small LIRA’s to Your RSP

When you have a job transition, you may transfer your pension plan savings to a locked-in-retirement account (LIRA). LIRA’s are similar to Retirement Savings Plans (RSP’s) but with more restrictions. Adding another investment account will also add extra administration to managing your retirement savings. Alberta pension legislation allows people age 50 or older to transfer

May 7 2015
The Enlightened Investor – Risk (ETF’s)

Investors often remark that the world economy has changed and that it's more volatile than ever. They are less trusting of stock markets and they don't want to take risk. I can't say I blame them. I might ask though, if the world has changed, if it is more volatile, "how are you changing the

Sep 23 2014
Retirement Planning Alternatives

We have all been told to plan for our retirement.  Yet, have you ever wondered WHY? Perhaps you have a plan, most people do, but is it the RIGHT plan? In the following example, it is clear how ADVANCED planning can make a huge difference for you and your loved ones. In the table

Sep 16 2014
The Enlightened Investor - A Game Plan

Do you make investment decisions according to what looks good at the moment? These purchases are often based on opinion and influenced by emotion. It can be exciting - much like buying lottery tickets. Clearly, following a predetermined, diversified, well-thought-out, long-term investment strategy is preferable. Here’s why. Dalbar’s study[1] of investor behavior shows how investor

Feb 23 2016
Why should I review my Unanimous Shareholder Agreement?

If you haven’t reviewed your Unanimous Shareholder Agreement (USA) recently, here are 3 excellent reasons why you should do so:  In 2006, the Federal Budget introduced a second dividend rate. Corporate earnings in Alberta, up to $500,000 are taxed at 14%; when a dividend is paid to an individual shareholder this “ineligible-dividend” is taxed

Jul 16 2015
The Enlightened Investor: A Diversified Portfolio vs. a Collection of Investments “The Only Two Things You Need to Know About Modern Portfolio Theory”

Our best technique for protecting portfolios is called Modern Portfolio Theory. This Nobel Prize winning idea said it is insufficient to look at investments in isolation as is done in the traditional approach of picking stocks and bonds. Rather rational investors will seek out “efficiently diversified portfolios” offering the highest expected return for each level

Nov 4 2014
FACTA Bank Reporting Requirements

Beginning in July of 2014, Canadian financial institutions will be required to start gathering and reporting information on accounts held by U.S. residents and U.S. citizens, including those who are resident of Canada. The account information will be collected and reported to the Canada Revenue Agency (CRA), who will then transfer the information

Nov 25 2014
T1135 Foreign Income Reporting

Canada Revenue Agency (CRA) has further revised form T1135, Foreign Income Verification Statement. The T1135 is designed to request more information on foreign property in an effort “to better target international tax evasion and aggressive tax avoidance”.  While the reporting requirements have changed, the criteria for those who must file form T1135 has not. 

Jun 23 2015
The Enlightened Investor: A Diversified Portfolio vs. a Collection of Investments - “Recovery Returns”

Do you want a portfolio that’s vulnerable to wild swings in value? Likely not. In fact less volatile portfolios are both easier on the stomach and they help you achieve better long-term returns. For example, a portfolio that declines 10% this year requires an increase of 12% next year to recover its losses. If your

Jun 9 2015
The Enlightened Investor-Deadline for the $500 Alberta Centennial Education Savings Grant (ACES)

If you have a child that is 10 years old or younger (born in Alberta between January 1, 2005 and March 31, 2015) they are eligible for a one-time $500 grant from the provincial government. However, you only have until July 31, 2015 to submit the form and apply for this grant before it ends

May 26 2015
Top 10 Alberta NDP Policies (source: Dr. Carol Anderson, Navigator)

Increase Alberta’s corporate taxes to 12% from 10%. Job creation tax credit that subsidizes 10% of any new employee salary (max $5,000). Support economic diversification in sectors like alternative energy, high tech, advanced research and knowledge industries. Income tax increases for top earners: 12% on incomes $125,000 to $150,000; 13% on $150,000

Apr 15 2015
What will interest rates do in 2015

When it comes to interest rates here in Canada and around the world, the only thing we know is that we don’t know. For the past 4 years economists around the world have expected interest rates to increase and not go lower. What we do know is that Stephen Poloz, the Governor of the Bank

Dec 9 2014
The Enlightened Investor-Retirement Income

Eventually investors move from the “saving-years” to the “drawing-years”, when they want to start drawing an income from their portfolios. This can be confusing. For many the natural inclination is to liquidate their diversified portfolio in favor of income-producing stocks or bonds. However, the idea that retired individuals should load up on dividend-paying common shares

Mar 26 2015
The Enlightened Investor: Is Your Portfolio Leaking Tax?

It may be obvious to state that an investor only keeps the after-tax return. It is less obvious how to minimize the tax leakage from your portfolio. A good starting point is to identify the two primary causes of tax; portfolio turnover and an inefficient portfolio structure. Taxes resulting from portfolio turnover can cost you

Dec 21 2016
Charity

KWB Chartered Accountants is proud to support our December charity, Coats for Kids and Families. We have decided to not only support this charity with the monthly amount we collect from any staff member who wants to wear jeans on certain designated days, but have also decided to collect winter wear for kids and adults. We

Jul 11 2017
Direct Beneficiary Designation - RRSP or RRIF

If you are considering a direct beneficiary designation for either a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF), you should be aware of some negative consequences that can occur. A direct beneficiary designation can result in unintended tax consequences to the estate, the inequitable treatment of heirs or the distribution

Sep 14 2017
The Glass Cliff

KWB has sponsored The Glass Cliff conversation at the Winspear on September 27th from 7:00-8:30 with a reception to follow. The panel includes Kirstine Stewart, the Rt. Hon. Kim Campbell, Eveline Charles and Dr. Shawna Pandya. The Glass Cliff event - 27-9-17 If you are interested in attending we have a few remaining tickets and would

Oct 24 2017
Triplog

Triplog is a great tool if you are tired of tracking your mileage every time you get in the car. Especially if you aren’t claiming mileage as an expense because you forgot to check the odometer or write down your trips in a log book. This app easily integrates with Quickbooks Online Triplog is an