In this week's edition

Clients would probably prefer to ignore the potential need for long-term care, but planning is crucial, given how costly care can be. This week, reporter Jonathan Got explored those costs, along with how to pay for them and tips for family discussions.

Clients looking to calculate or plan for their possible exposure to alternative minimum tax in 2024 will be largely operating in the dark, particularly after the federal government proposed changes to the capital gains inclusion rate in the 2024 budget. Reporter Rudy Mezzetta sets out the challenges and what clients should do. And as one source noted, accountants are increasingly busy with compliance, so more tax planning may be falling to financial advisors.

The latest article in our series about partnering focuses on financial advisors and mortgage agents. The professionals featured have worked together for roughly a decade, offering clients wealth and debt management advice that go hand in hand.  As the advisor partner put it, “We can’t just take care of the assets; we also have to take care of the liabilities.” Noushin Ziafati reports.

If you sat in on Advocis’ annual general meeting (AGM) on Wednesday, then you know that members had plenty of questions for the board about the association’s liquidity troubles and vision as it rebuilds. While not many details were disclosed at the AGM, board chair Eric Lidemark said a vision will be communicated once a new CEO is appointed in the coming months. Members were also told that Advocis’ 2024 budget is planning for a small surplus. That’s good news, considering the association relied heavily on its Century Initiative assets in 2023, according to the annual report released on Thursday. Send me an email and share your thoughts about the AGM.

By the way, at the AGM, members were encouraged to consider taking on association roles during an upcoming nominations call. And if you’re looking for office space in Toronto, Advocis may be able to help by leasing its space. Interested advisors were told to contact interim CEO Harris Jones.