A Guide to Building a Strong Credit Score: Unlocking Financial Success
Having a solid credit score is crucial in today’s financial world. It opens doors to buying a home, getting loans with favorable terms, and more. Your credit score reflects how trustworthy you are with credit, and knowing how to build and maintain a healthy score is vital for your financial well-being. Tips for Building Your […]
Improving Your Business with Strategic Insights and Ongoing Coaching
Our monthly coaching program will reduce your stress and provide valuable insights to help you take your business to the next level and reach your goals faster. Our advisors will provide knowledge and guidance to help you grow and operate your business more efficiently, allowing you to create the business and lifestyle of your dreams. […]
Alberta Budget 2024: A Comprehensive Overview for Businesses and Families
The newly released Alberta Budget for 2024 aims to place a strong emphasis on healthcare, education, family assistance, and community safety. Investing in Jobs and the Economy A number of initiatives are introduced in Budget 2024 for companies and the economy. With a $5,000 refundable tax credit, the Alberta is Calling attraction bonus seeks to draw […]
Canadian Interest Rates Q2 2024: April 1-June 30, 2024
The Canada Revenue Agency (CRA) has announced prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to both individuals and corporations. These rates are in effect from April 1 to June 30, 2024. Income Tax Interest Rates Q2 2024 The interest rate […]
Understanding Joint Tenancy vs. Tenancy in Common: Key Considerations in Property Ownership
Understanding the differences between joint tenancy and tenancy in common is critical when owning property with someone else. These two types of ownership have unique rights and implications, particularly in situations like estate planning. Joint Tenancy vs. Tenancy in Common: What’s the Difference? Imagine a scenario where two individuals co-own a property, each holding a 50% […]
Simple Profit Improvement Strategies for Your Business | The Power of One
If increasing profit is one of your business goals, there are simple strategies you can implement to help you get there. The Power of One is a profit improvement tactic that helps you increase profit by adjusting specific metrics by as little as 1% or a factor of one. Simple Profit Improvement Strategies: The Power […]
How to Build a Marketing Strategy in 5 Steps – A Small Business Owner’s Guide
You are always marketing! Whether you’re being intentional about it and you have a strategy and a dedicated marketing person or team, or you are passive and not really engaged or working on it, you are always marketing. This means that you are always making an impression, and if you’re not being strategic, you might […]
New Bare Trust Reporting Rules for 2023 that Might Affect You
On March 28, 2024, the Canada Revenue Agency (CRA) determined that reporting requirements for bare trusts have had unintentional impacts on Canadians. As such, CRA will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust), for the 2023 tax year, unless the […]
Proactive Tax Planning for Business Owners
KWB is excited to share that in 2023, we saved our clients over $9 million in taxes through the ongoing and advanced tax planning strategies that we implement with our clients. As a result of some time-sensitive tax savings opportunities that were changing at the end of 2023, and to ensure our clients optimized their […]
Expanding Livestock Drought Recovery Support for 2023 with the AgriRecovery Initiatve
To aid livestock producers who were affected by the 2023 drought, the Canada-Alberta Drought Livestock Assistance initiative has added 23 more eligible regions and extended the application deadline, providing a lifeline to individuals dealing with the aftermath of severe weather events. Funding is provided through the Sustainable Canadian Agricultural Partnership (Sustainable CAP). Key Highlights of […]