Knowledge Bureau course catalogue

Course Guide 2008

Toll Free: 1 866 953-4769 Web: www.knowledgebureau.com

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2008 COURSE GUIDE

TABLE OF CONTENTS

03 03 03 04 05 05 05

About The Knowledge Bureau

06 08

Responsibility of the Student

09 10 11 35 36 36

The Master Financial Advisor Designation Curriculum

The DFA Designation The MFA Designation Accreditation Calendar of Educational Offerings 2007 Administrative Policies Early Registration, Fee Schedules and Volume Discounts The Distinguished Financial Advisor Designation Curriculum Individual Course Outlines Individual Course Descriptions CE Certification Options Mission Statement 4 Easy Ways to Enrol

Thank you for your interest in studying with The Knowledge Bureau, Canada’s leading educator in the tax and financial services, and home of the Distinguished Advisor Certificate and Designation Programs.

The Distinguished Advisor is a professional who understands how to help clients build, preserve and transition their after-tax wealth. To do so requires sharp technical knowledge, astute relationship management skills and an ability to manage the growth of your own practice. The Knowledge Bureau’s curriculum teaches you how to be both a quarterback and a specialist in the process of real wealth management—the stewardship of your client’s financial affairs. In today’s financial services, these are necessary skills required not only to differentiate your services, but to serve the needs of an increasingly affluent and demanding client base.

We can help you build trust. . .and a reputation for excellence as a designated Real Wealth Manager.

Think of us as your Business School of Choice.

Our cutting edge continuing education programs are designed especially for licensed, practicing advisors, practitioners in the tax and financial services who wish to serve their clients as a designated specialist in tax, bookkeeping, investment and retirement and estate planning services. Many also send their new, returning and seasonal staff to us to upgrade their technical skills. Our courses can be taken by self study, live workshops and conferencing, all at a post-secondary level

Distinguish Yourself. Graduates of individual courses receive a Certificate of Achievement; a beautiful framed Certificate of Distinction is received by graduates of our designation programs. These certificates provide proof of graduation from this prestigious post-secondary institution and that you have attained CE accreditation required by professional regulators and professional organizations.

Make a Great Decision.Join us in building a new community of highly skilled, real wealth managers who are known and recognized nationally as Distinguished Advisors, by enrolling today. Call any time for personal assistance with your decision (toll free): 1-866-953-4769. Or review course outlines and register online by visiting us often at: www. knowledgebureau.com

Evelyn Jacks President

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Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

About The Knowledge Bureau The Knowledge Bureau is a national certified educational institute which provides continuing professional development to practicing professionals in tax and financial services leading to certification and designation. We are the home of the Distinguished Financial Advisor (DFA) and Master Financial Advisor (MFA) designations.

These designations signify competencies in client-centric strategic planning as well as specialization in the development of action plans relating to the after tax accumulation, growth, preservation and transition of wealth. Four areas of specialization can be chosen: tax, investment, retirement and estate planning, as well as certified bookkeeping specializing in compliance through business lifecycles.

This training is delivered to busy practitioners through convenient multi-media self-study courses, in-company classroom training and through Knowledge Bureau Education Days (workshops and conferences).

2008 COURSE GUIDE

Our courseware has been vetted by Departments of Education across Canada and HRDC, leading to our certification as an educational institute and as such our tuition fees qualify for the tuition fee credit on their tax return. When students choose to study at least 12 hours per month with us, a textbook and education credit is possible. In addition, our courses have been accredited by a number of regulators and professional organizations in the tax and financial services.

About Our Team The Knowledge Bureau was founded by Evelyn Jacks, recognized as one of Canada’s most prolific authors and educators in the tax and financial services industries. The Knowledge Bureau’s experienced administrative and publishing team is dedicated to helping you make the best decision for your time and money. Its distinguished faculty are professionals in tax, accounting and financial services who

have also honed their skills as speakers, writers, academics and instructors. Biographies of our Distinguished Faculty can be found on our website, behind our Private Client Logo: www.knowledgebureau.com

Introduction To DFA/MFA Designation Programs DESIGNATION PROGRAMS. The Knowledge Bureau offers two certification marks, the DFA and the MFA, each featuring two ways to specialize in your field. Students who successfully complete six courses in their chosen area of specialization are granted the permission to use The Knowledge Bureau’s Certification Marks behind their name, on their business cards and letterhead.

We invite you now to enhance your knowledge-based practice and distinguished yourself with a DFA or an MFA designation.

THE DFA DESIGNATION Program 1: Especially for Tax Professionals. We invite you to earn your Distinguished Financial Advisor (DFA) Designation as a Tax Services Specialist. Tax advisors need to know the details of continuous tax change, using expert professional tax software and research skills. We are committed to teaching you both with the most current information on tax compliance, tax planning, budget proposals and jurisprudence.

Program 2: Especially for Professional Bookkeepers.

Bookkeepers must be tax-compliant data managers who assist business owners with proper and timely information throughout business lifecycles. They must know more than how to run tax and accounting software: they are front-line stewards of financial resources. By earning your DFA designation as a Certified Bookkeeping Specialist, you’ll maximize your value proposition to your clients and their advisors with the skills to facilitate planning for the employee, investor and owner-manager.

THE MFA DESIGNATION Program 3: Especially for Investment Advisors.

We invite you to earn your Master Financial Advisor (MFA) Designation as an Investment Planning Services Specialist.

Become The Trusted Advisor--a quarterback who works with the client on the strategic plan for the stewardship of wealth with, portfolio construction for real wealth management, the ongoing evaluation of risk and return, and the right insurance strategies, all applying maximum cost and tax efficiencies for income creation and capital preservation.

Program 4: Especially for Planners in Pre-Retirement Markets. As a Retirement and Estate Planning Services Specialist you will sharpen your skills in providing retirement readiness planning services to help your clients achieve the tax-efficient income they require post-work, plan for self-employment opportunities, medical challenges and assist with inter-generational portfolio construction with estate planning in mind.

CERTIFICATION OPTIONS. The courses of The Knowledge Bureau can also be taken individually for continuing education credit required by many professional organizations and associations. There are three ways to earn Continuing Education Credits with The Knowledge Bureau: 1. Self-Study Courses 15 to 60 hours each 2. Knowledge Bureau Education Days 6 hours per workshop 3. Distinguished Advisor Conference 11 to 13 CE credit hours Whether you take our courses one at a time to meet annual CE credit requirements, or choose to enter our virtual halls within a designated specialist, do consider this opportunity to build a knowledge-based consulting practice to achieve better results, simplify your efforts and grow.

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ACCREDITATION Tuition Fee Credits The Knowledge Bureau is certified as a National Designated Educational Institute by the Minister of Human Resources and Skills Development Canada under Sections 118.5 and 118.6 of the Income Tax Act, effective January 1, 2005. This certification enables The Knowledge Bureau to issue tuition tax credit receipts for amounts over $100 to students 16 years and older for its courses, which provide students with skills to improve their skills in a recognized occupation. Such receipts must be issued annually by the end of February. The required Form T2202A will be posted to enrolled students’ Knowledge Net Tools section of their online courseware.

2008 COURSE GUIDE

Education Credits

Tax Deductibility by the Self-Employed Tuition fees for self-study courses may also be tax deductible by self employed professionals as a business expense.

Remember that in the case of the Distinguished Advisor Conference (DAC), expenditures may be deductible; however, a maximum of two conventions per year are claimable and the business must have a reasonable expectation of profit.

Several other criteria may exist for out of country conventions.

See IT 357 for more information (or view excerpt from IT 357 on www.knowledgebureau.com) or call 1-866-953-4769 if you need assistance.

Continuing Professional Development

Part-time education credits ($120 per month) may be claimable if students provide documentation of time spent on self study courses. The Income Tax Act allows for the monthly amount if the program is taken over at least three consecutive weeks and the student takes 12 hours of self study instruction per month. This information must be provided to The Knowledge Bureau by January 15 after the end of the tax year.

DFA and MFA designates require 12 hours of continuing education annually to keep their certification marks licensed from The Knowledge Bureau. Choose from our Calendar of Educational Offerings to assist with this requirement.

Beginning for the 2006 taxation year, students who qualify for the Education Credit will also qualify for the Textbook Tax Credit introduced in the May 2, 2006 budget. This credit is an additional $20 for each month for which you qualify for the Education Amount.

KB 24/7: Self-Study Students may start any time. Seasonal early registration discounts occur December 15, June 15 and September 15.

Industry Accreditation The Knowledge Bureau’s Courses are accredited by most industry regulators in the accounting and financial services.

Check our website for details: www.knowledgebureau.com/enCoursesaccreditation.asp?

CALENDAR OF EDUCATIONAL OFFERINGS

KB Live: Workshops Offered in one day sessions in a city near you, usually in November and January. Enrol online DAC: Conference The Distinguished Advisor Conference occurs annually around the Remembrance Day Long Weekend.

E-news It’s free! Sign up for Breaking Tax and Investment News at www.knowledgebureau.com and stay in the know.

Evergreen Explanatory Notes Stay Up to Date with this comprehensive, year round, educational tax updating subscription service.

In-Company Programs Inquire about in-company certificate and designation programs with The Knowledge Bureau.

Designation Programs The Knowledge Bureau offers two certification marks, the DFA and the MFA, featuring two specialist programs of study under each. Students who enter our designation programs and successfully complete six courses in their chosen area of specialization are granted the permission to use The Knowledge Bureau’s Certification Marks behind their name, on their business cards and letterhead.

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Calendar of Educational Offerings 2007 Self-Study Students may start any time. Seasonal early registration discounts occur December 15, June 15 and September 15.

Workshops Offered in one day sessions in a city near you in November and January.

In-Company Programs We are happy to provide a Knowledge Bureau Education Day for your company on your premises. Ask us for more information on price and scheduling to your convenience.

Conference The Distinguished Advisor Conference occurs annually around the Remembrance Day long weekend.

News Services It’s free! Sign up for Breaking Tax and Investment News at www.knowledgebureau.com.

2008 COURSE GUIDE

In-Company Programs Inquire about in-company certificate and designation programs with The Knowledge Bureau and in partnership with The Schulich Executive Education Centre and other schools.

Enrol Online, by Phone, Fax or by Mail Call us now toll-free: 1-866-953-4769 for help with your course selections and to walk through your online enrolment with our helpful staff. Fax: 204-953-4762.

Online: www.knowledgebureau.com.

Money Back Guarantee. Enrol Risk Free in self study programs. If you are not satisfied upon review of your self study programs, your money is refunded—no questions asked—provided you contact us within one week of receipt of materials and return those materials at your cost in saleable condition within that week.

Administrative Policies Start Dates, Best Fee Structure and Instalment Plan.

Fee structures may vary throughout the year, depending on when a student begins. Note that self-study students may begin the program at any time, enrol risk free (see below) and may exchange courseware without incurring additional fees, provided courses are returned, at their cost, in saleable condition. Instalment payment plans are available, subject to an additional instalment fee, for those who pay by credit card.

For details, call toll free 1-866-953-4769.

NSF Fees. A $45 fee will be assessed on each NSF or declined charge card payment. This can be avoided by paying the balance of tuition owing in full by credit card.

This can be avoided by paying the balance of tuition owing in full by credit card.

Early Registration, Fee Schedules and Volume Discounts Three times during an academic year, students have the opportunity for early registration at special volume discounts.

While these dates may be subject to change, in general, they are as follows: Program Options Early Registration Period Self Study Program: Spring Start Summer Start Fall Start Winter Start

Jan. 1 – April 15 May 1 – June 15 June 16 – Sept. 15 Sept. 16 – Dec. 15

Distinguished Advisor Conference: Jan. 15 Knowledge Bureau Education Days : Nov. sessions: Oct. 31 Jan. sessions: Dec. 15

Refund Policy: We have a one week trial period – no questions asked Money Back Guarantee if self study courses are not suitable for any reason. Thereafter no refunds, however, consideration may be given under our hardship policy, below. All refunds are subject to an administrative charge of $195.00. Students who pay by installment also forfeit their installment charges. Note that when a student chooses to return some courses under our trial period, after enrolling in a designation program, pricing schedules will be adjusted upward to reflect the correct volume discount.

Hardship Policy: In the case of severe hardship, including illness, illness of a family member or death of a family member, students must write a letter to the Registrar outlining reasons for the request.

Course completion deadlines will be extended based on mutual discussion of a reasonable restart date. If the period exceeds one year, students may be required to re-purchase updated course materials at the lowest price point at that time. Normal refund policies will apply in case of withdrawals.

Withdrawals: All refunds after the one-week trial period are subject to an administrative charge of $195.00. Students who pay by installment also forfeit their installment charges.

Payment Deadline Note that when a student chooses to return some courses under our trial period, after enrolling in a designation program, Standard Discounts pricing schedules will be adjusted upward to reflect the correct volume discount. Note administrative charges can June 15 be applied to future course purchases within one year of Sept. 15 withdrawal.

Dec. 15 Feb. 15

Knowledge Bureau Live Education Days And Distinguished Advisor Conference (Dac) There are no refunds within one month of the events.

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Responsibility of the Student

Complaint Resolution Policies

There is an onus on the student to complete courses on time and contact us as soon as possible if there is a problem with product or service, or if they require assistance from our instructors. This is provided at no extra charge to the student.

In addition the student is responsible for reading any updates to the courseware on the student website and in the free subscription to the electronic Breaking Tax and Investment News.

1. Starting Point. At The Knowledge Bureau we always try to enhance our relationship with the student when we become aware of errors, omissions or other improvements required by engaging in an “ever-greening” process. That is, we fix errors and omissions immediately on the student website, through use of email and our Breaking Tax and Investment News publication and in hard copy, depending upon the urgency of the matter, and include clarifications and improvements to guidance for students as required.

Also see our disclaimer policies in the courseware and on our website.

Course Completion Obligations. Registrations prior to December 31, 2007. Students have a maximum of six months to complete each course and a maximum of three years to complete the Designation Program. After December 31, 2007, all students will be required to complete one course every two months and maximum designation program completion time will be 2 years. Note certain programming may have shorter time frames, depending on arrangements with private clients of The Knowledge Bureau.

Testing and Passing Mark: a minimum 60% is required on every course and tests are open-book in nature.

2008 COURSE GUIDE

Extensions. Students may request extensions within one month of the end of each study period at a cost of $195.00 for each extension of 2 months.

Rewrites. Our rewrite policy is discussed in greater detail in our courses. One rewrite attempt will be allowed within a month of unsuccessful testing. Rewrite fees are $195 per exam.

2. Dissatisfaction during course of study period. We work with the student to fix the problem to the best of our ability and resources to help the student complete their studies successfully.

3. Dissatisfied on completion of programs. As referred to above, we identify the issues, determine whether courses/materials need adjustments, if there is a legitimate problem with the product or service and make corrections.

Refunds or further action in cases where the student has not contacted us to express concern along the way, or seek assistance, will not be entertained under any circumstances.

4. Expressing our gratitude. We sincerely appreciate your help in our ongoing pursuit of excellence. Where a student has helped us identify areas of improvement or required change we may give consideration and thanks through a financial credit toward the cost of a future course. The publisher’s decision on this is final and credits issued may not exceed tuition fees paid.

Components of the Self-Study Programs Learn 24/7 and Tap Into One-on-One Tutoring, Too! Start Anytime. You can begin anytime throughout the year and learn in the comfort and convenience of your own home or office, completely supported on a one-on-one basis by our instructors.

Learn in Multi-Media. The Distinguished Advisor Programs are the first to be delivered in a three-dimensional self study learning environment. Complete your continuing education requirements using your preferred teaching medium. . . audio, reference book and skill-testing internet applications. Each course features: The Knowledge Bureau’s CD Coach: a one hour lecture and PowerPoint presentation; The Knowledge Journal: your lessons and learning materials, bound in a handsome, user-friendly binder containing your easy-to-learn reference manuals; and Knowledge Net Tools: access to your personal website which provides questions, inter-active answers, case studies and practice management tools include some of the industry’s most cutting edge software, simulations and management tools—like client interview checklists, tip sheets and high value resources from leading product suppliers such as student versions of tax preparation, tax research and accounting software programs.

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

REQUIREMENTS FOR PROGRAM ENTRY Please demonstrate a high school standing and • existing employment or entrepreneurship within the tax, accounting, bookkeeping or financial services industries or • designation, certification, or license to practice in the industry sector and/or • at least three years experience in the industry sector

DAC

SANTA FE, NEW MEXICO • NOVEMBER 7–10, 2007

DISTINGUISHED ADVISOR CONFERENCE See our conference website: www.knowledgebureau.com/dac for more information on this international study session for top advisors.

for entry to the designation program

ONGOING PROFESSIONAL DEVELOPMENT Knowledge Bureau Distinguished Advisors become members of recognized alumni and are invited to attend, on a complementary registration basis, The Knowledge Bureau’s Distinguished Advisor Conference (subject to space availability) within their first year of graduation. After this, special Preferred Client Rates rates guarantee best pricing for this issue-based, strategic think tank. Participants at that event will qualify for additional CE credits and a Certificate of Continuing Professional Development.

2008 COURSE GUIDE

Also see CE Certification earlier in this publication.

KNOWLEDGE BUREAU EDUCATION DAYS For more information on issues-based workshops in half- or one-day formats see our website www.knowledgebureau.com

Community Your professional network

E- News & Notes Stay in the know

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DFA Designation Program 1 Tax Services Specialist REQUIRED SELF-STUDY COURSES: Advanced Tax Preparation and Research Tax Preparation for Proprietorships Introduction to Corporate Tax Preparation & Planning Use of Trusts in Tax and Estate Planning OPTIONAL COURSES – ANY TWO OF THE FOLLOWING: Introduction to Computer-based Personal Tax Preparation Cross Border Taxation Insurance Strategies for Small Business Owners Death of a Taxpayer

DFA Designation Program 2

2008 COURSE GUIDE

The Distinguished Financial Advisor Designation The DFA Designation signifies the highest professional services by experienced, qualified practitioners in providing tax preparation, tax planning, bookkeeping, payroll and managerial accounting services to individuals and business clients, as a result of continued excellence in ongoing professional development. Each self-study course listed below features 30 hours of continuing education.

Certified Bookkeeping Specialist REQUIRED SELF-STUDY COURSES: Managerial Accounting for Professional Bookkeepers Advanced Bookkeeping for a Selection of Business Profiles Advanced Business Issues for Professional Advisors Tax Planning for the Corporate Owner-Manager OPTIONAL COURSES – ANY TWO OF THE FOLLOWING: Basic Bookkeeping for Business Advanced Computer-based Payroll for Professionals Introduction to Computer-based Personal Tax Preparation Introduction to Corporate Tax Preparation & Planning

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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MFA Designation Program 1 Masters Investment Planning Services REQUIRED SELF-STUDY COURSES: Modern Portfolio Theory and Financial Literacy Portfolio Construction For Real Wealth Managemen Portfolio Risk Management Services Insurance Strategies for the Small Business Owner OPTIONAL COURSES – ANY TWO OF THE FOLLOWING: Introduction to Computer-based Personal Tax Preparation Tax Planning for the Corporate Owner-Manager Strategic Investment Planning with Life Insurance Living Benefits The Structure of Client-Centred Practices

2008 COURSE GUIDE

The Master Financial Advisor Designation The MFA Designation signifies the highest ongoing standards of excellence in professional development by experienced financial advisors, who are in practice to provide lifecycle, investment and financial planning services. The goal of the program is to help advisors create and maintain high net worth through leading edge skills in providing, tax, income planning, portfolio construction, risk monitoring, debt management and investment product suitability services.

MFA Designation Program 2 Retirement and Estate Planning Services Specialist REQUIRED SELF-STUDY COURSES: Retirement Readiness Planning Retirement Income Planning Tax Planning for Proprietors Use of Trusts in Tax and Estate Planning OPTIONAL COURSES – ANY TWO OF THE FOLLOWING: Advising Family Businesses Tax Planning for Corporate Owner-Managers A Medical Perspective on Elder Care Insurance Strategies for the Small Business Owner Death of a Taxpayer (15–30 CE CREDIT HOURS EACH)

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Individual Course Outlines Designation Programs (Alphabetical listings follow)

Self-Study Components:

Advanced Bookkeeping for a Selection of Business Profiles

All self-study courses contain the following components:

Advanced Business Issues for Professional Advisors

Audio CD Coach to overview the lessons, together with a PowerPoint presentation

Advanced Payroll for Professional Bookkeepers Advanced Tax Preparation and Research Advising Family Businesses Basic Bookkeeping for Business Client-Centred Practices, The Structure of Cross Border Taxation Death of a Taxpayer Insurance Strategies for the Small Business Owner Introduction to Computer-based Personal Tax Preparation Introduction to Corporate Tax Preparation and Planning Life Insurance: Strategic Investment Planning Living Benefits Managerial Accounting for Professional Bookkeepers Medical Perspective on Elder Care Modern Portfolio Theory & Financial Literacy

2008 COURSE GUIDE

Portfolio Construction for Real Wealth Management

Reference Text, known as The Knowledge Journal Knowledge Net Tools, the student’s personal website and Student Resource Centre Practice Management Thesis, a review of concepts learned before the Exam CE (Continuing Education) Test: your Final Examination TESTING: Most chapters end with multiple-choice and true-to-life scenarios

found online which test the practical application of the key concepts covered in the course. Final marks are generally allocated as follows: 25% Multiple Choice Questions at end of Chapters, 50% Case Study participation and 25% final exam. An overall minimum of 60% is required to pass the course.

New Certificate Course Additions Come back to www.knowledgebureau.com often for new course addition listings.

Portfolio Risk Manager

Annual Knowledge Bureau Report

Retirement Readiness Planning

Visit our DAC (Distinguished Advisor Conference) website often to order your free copy of this annual report on leading trends in the tax and financial services

Retirement Income Planning Tax Planning for Corporate Owner-Managers Tax Preparation for Proprietors Use of Trusts in Tax and Estate Planning

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

The student’s skillsets will move beyond basic transaction data entry to create a complete set of books for a variety of businesses while using the features Simply Accounting for Windows. The student will learn to manage the bookkeeping functions for a variety of companies, using all the modules of the program (exception Payroll) to deliver financial results for the most simple to a complex company.

Instruction in the Knowledge Journal features: Chapter 1

Commonalities of bookkeeping for various business enterprises including Setting up companies | Purchases and Accounts Payable | Sales and Accounts Receivable | Project Accounting | Banking Transactions

Chapter 2

Partnerships and Joint Ventures

• structure a chart of accounts to meet the needs of company management in a variety of profiles

Chapter 3

Builders

Chapter 4

Retail Outlets

• produce a wide variety of financial reports understanding how to use the tools provided to set up, manage and report on accounts receivable, accounts payable, and inventory

Chapter 5

Importers/Exporters

Chapter 6

Agricultural Businesses

Chapter 7

Trusts

Chapter 8

Other Business Profiles

Chapter 9

Not for Profits

CERTIFIED SKILLSETS

2008 COURSE GUIDE

In the Basic Bookkeeping for Business course, the student gained an understanding of the nature and use of the major components of a bookkeeping system, and how to record the most commonly encountered transactions through this system. This course provides the student with further insight into:

Advanced Bookkeeping for a Selection of Business Profiles PROGRAM: Certified Bookkeeping Specialist Using the features of Simply Accounting learn advanced bookkeeping for a variety of business profiles.

• understand how accounts are linked and how linking can utilize the powers of the system to increase productivity • know how to prepare a bank reconciliation using the automated utility program • be familiar with the procedures generally involved in maintaining the general ledger and related sub-ledgers • be familiar with the various special reports pre-established in Simply Accounting, and the options available in formatting them • be familiar with the various miscellaneous tools provided in Simply Accounting

Chapter 10 Advanced Sales Tax Issues including Agents | Direct Sellers | Charities, Public Service Bodies, Educational Institutions | Aboriginal Companies | Child Care | Nursing and Personal Care Homes Chapter 11 Introduction to Advanced Business Issues Exam Total 30 Hours

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COURSE OVERVIEW

TABLE OF CONTENTS

This course in the Certified Bookkeeping Specialist designation program coves the many special business issues that an owner/manager faces surrounding the life cycle of a business, including: purchase and sale of a business, financing the business, and planning for business succession.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS The student will understand

Advanced Business Issues for Professional Advisors

2008 COURSE GUIDE

PROGRAM: Certified Bookkeeping Specialist At some time in the life cycle of a business, the owner/manager must deal with the sale or succession of the business. Students of this course will receive a working understanding of the business issues involved and be familiar with the financial information that the owner/manager typically requires in making business decisions on sale or transfer of the business.

Chapter 1 Chapter 2 Chapter 3

• how to record and adjust transactions denominated in a foreign currency

Chapter 4

• the principles involved in preparing consolidated and combined financial statements

Chapter 5

• how to prepare and post journal entries to eliminate intercompany transactions • the nature of the financial and other information to be accumulated and assessed in evaluating the purchase of a business • how to identify and accumulate the information typically provided when a business is sold • the general ways in which ownership and management of a business pass, including family succession, employee succession and a sale of either assets or shares, and the issues to be addressed in each.

*PRACTICE MANAGEMENT THESIS Formal Case Study. The student will apply the knowledge gained in the course to provide information specific to the sale of a sample company.

Chapter 6 Chapter 7 Chapter 8

Chapter 9

Recording and Translating Foreign Currency Transactions Introduction to Complex Organization Structures Consolidated and Combined Financial Statements Purchase of a Business – Due Diligence Requirements Sales of a Business – Information Buyers Want Planning for the Sale of Assets Planning for the Sale of Shares Business Succession – Employees, Family Members, Third Parties Basic Techniques in Planning for Succession – Freezes, Asset Strips, Surplus Strips

Practice Management Thesis: Formal Case Study* Exam Total 30 Hours

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Advanced Payroll for Professional Bookkeepers

2008 COURSE GUIDE

PROGRAM: Certified Bookkeeping Specialist Most employers over-deduct withholding taxes, err in accounting for taxable and tax-free benefits, and incur inefficiencies and deficiencies in accounting for vacation pay, termination pay and other technical aspects of payroll preparation. This is true also when using outsource providers.

All of this circumvents a valuable opportunity for employees to save money on a pre-tax basis for retirement and other needs.

An astute bookkeeper will ensure tax planning begins right at the primary source of wealth creation.

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

It goes without saying that bookkeepers must be able to produce an accurate payroll on time, every time. However, this course takes the student further, teaching completion of a full payroll cycle, TD1/T1213 form completing, accounting for statutory and non-statutory deductions, taxable and non-taxable perks and benefits and T slip preparation, for any business using Simply Accounting.

Instruction in the Knowledge Journal features: Chapter 1

The Payroll Cycle

Chapter 2

Employment Standards

Chapter 3

Hiring and Employee/Contracts

Chapter 4

Employee Compensation

CERTIFIED SKILLSETS

Chapter 5

Owner/Managers

The student will be able to produce a payroll run for any payroll period, for a payroll of any level of complexity and understand and calculate all employer remittances for deductions taken at source, while fully understanding the consequences of non-compliance. Specifically the student will:

Chapter 6

Statutory Deductions

Chapter 7

Other Deductions

Chapter 8

Taxable and Tax Free Benefits

Chapter 9

Unique Employee Profiles

• Understand the compliance requirements federally and under provincial Employment Standards Codes in their area of operation

Chapter 10 Termination and Severance

• Complete TD1 forms, T1213 forms, with a view to reducing withholding taxes and thereby increasing private pension contributions (RRSP, RESP)

Chapter 11 Year End Reporting

• Account for a variety of compensation plans including hourly, salary, commissions, piece work, bonuses, retroactive payments, and vacation pay

Total 30 Hours

• Account for an extensive list of taxable and non-taxable benefits • Account for differences in pay structure for workplaces governed by a union • Provide tax-specific information required by certain profiles including commission salespeople, northern residents, truckers, tradespeople and executives • Account for termination pay, Records of Employment, T4, T4 Summary, workers compensation, employer health taxes, other public health care plans • Work accurately and timely with outsource providers.

Exam

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

This comprehensive course covers the details behind the deductions, tax credits and tax calculations on the personal tax return with an emphasis on capital gains and losses, and registered and non-registered investment income sources. It overviews common and advanced client profiles, while sending students to the dynamic commentary in the InTRA Tax Library by The Knowledge Bureau, prepared especially for use with Intuit’s ProFile Professional Tax Suite. Student copies of both of these excellent, professional electronic products are provided with the course.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS

Advanced Tax Preparation and Research

BY EVELYN JACKS

2008 COURSE GUIDE

PROGRAM: Tax Services Specialist The most highly professional tax practitioners are those who have excellent investigative skills (conducting the most exhaustive client interviews) and the best research skills (knowing when and where to look for help). We’ll show you how to do both and give you the most leading edge tools in the marketplace to do so.

The student will be exposed to a broad range of personal income tax topics in common and advanced scenarios, each featuring short answer and true-to-life case studies which overview the basic elements of the tax return and the details behind claiming income, deductions and tax credits on most lines of the personal tax return. The student will be able to competently prepare most personal tax returns.

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6

Update and Review General Principles Employees Investors Other Income Amounts Other Deductions and Credits

Practice Management Thesis* Exam Total 30 Hours

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

It is widely accepted that 7 in 10 family businesses do not succeed to the next generation; this despite the fact that there are an unlimited amount of resources available today that can help families avoid these statistics. The “distinguished advisor” must take a leadership role in quarterbacking this process. Help your clients beat the odds for succession success by better understanding the planning process now!

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS

Chapter 4

• How to create an integrated, multi-generational client engagement document and engage this process with your client.

Chapter 5

• How to create an integrated, multi-generational plan that includes the synergies between the retirement plan, estate plan, tax strategy, business transition plan and the investment strategy.

• How to set “distinguished advisor benchmarks” for the planning work completed with the client.

Chapter 1 Chapter 2 Chapter 3

Chapter 6

Chapter 7

• How to recognize the roadblocks to implementation before they occur.

• How to develop and quarterback an advisor team.

• How to charge fees for your guidance and expertise.

Advising Family Businesses 2008 COURSE GUIDE

BY DOUGLAS V. NELSON PROGRAM: Retirement and Estate Planning Specialist Over the next 15 years, it is estimated that approximately 75% of the closely held businesses in Canada will change hands. They need the help of an informed professional to do so.

Chapter 8 Chapter 9

• How to market to your business owner clients in a value added manner.

Chapter 10

• How to maximize your value to the client, while spotting additional sales opportunities.

Chapter 11

*PRACTICE MANAGEMENT THESIS

Chapter 12

Students have access to The Professional Approach Referral Kit, which include the following Practice Management Tools:

Chapter 13

1. The Three-Circle Model 2. The Modified Six Step Planning Checklist 3. Distinguished Advisor Benchmarks

Chapter 14 Chapter 15 Chapter 16

The Concept of The Distinguished Advisor Why Do Family Businesses Fail?

Insights: The Distinguished Advisor as Coach First Base Strategies (What is a Successful Family Business?)

Second Base Strategies (Understanding Family Dynamics/Systems) Third Base Strategies (Developing the Integrated, Multi-Generational Financial Plan) Home Base Strategies (Product Knowledge) The Three-Circle Model Creating an Integrated Engagement Document Creating an Integrated Financial Plan Establishing Distinguished Advisor Benchmarks How Do We Move Beyond the Roadblocks?

How to Develop and Coach an Advisory Team How to Charge Fees How to Market Family Advisory Services How to Maximize Client Value

Practice Management Thesis* Exam Total 15 Hours

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The student will have a sound working knowledge on how to set up a CRA-compliant bookkeeping system for a small business; how to analyze transactions and report these within the accounting cycle in a double-entry bookkeeping system featuring Simply Accounting software provided, and then present financial statements to the accountant for tax preparation and review.

The student will also gain an understanding and appreciation of the professional and ethical requirements of a bookkeeper.

CERTIFIED SKILLSETS

Basic Bookkeeping for Business

BY JOHN GRANELLI

2008 COURSE GUIDE

PROGRAM: Certified Bookkeeping Specialist This first course in the Certified Bookkeeping Specialist designation program is the perfect course for professionals in the bookkeeping tax and financial services who wish to train their own administrative staff to prepare company books, or train staff to prepare books for others.

It is an excellent course for those bookkeepers who may know how to run software, but have not taken a theoretical accounting course. Here is what you will learn.

The ability to analyze and report transactions requires a knowledge of GAAP; an expert understanding of the accounting equation, T accounts, debits and credits; a basic understanding of the tax structure imposed on businesses; a sound ethical compass; expert organizational skills; the ability to seek out and correct accounting errors and inconsistencies; expert data entry skills; the ability to research unknowns; and a sound understanding of financial statements.

WHY IS THIS ISSUE ESPECIALLY TIMELY? Every organization that is accountable for stewardship of resources must depend on qualified professionals to manage and provide financial data, ensure tax compliance, and assist with day-to-day business decisions. These groundlevel professionals must be able to expertly analyze day-to-day transactions to record them properly into manual and computerized accounting packages.

*PRACTICE MANAGEMENT THESIS Formal Case Study. The student will apply the knowledge gained in the course to analyze a given set of financial reports and accompanying transactions in a sample company.

TABLE OF CONTENTS Instruction in the Knowledge Journal features: Chapter 1

The Roles and Responsibilities of the Bookkeeper Chapter 2 Types of Organizations, Fiscal Periods and Accounting Cycles Chapter 3 Types of Accounts and the Basic Accounting Equation Chapter 4 Chart of Accounts, General Ledger, Trial Balance & Special Accounts Chapter 5 Journals, Registers and Ledgers – I Chapter 6 Journals, Register and Ledgers – II Chapter 7 Fundamental Cash-basis Accounting Chapter 8 Fundamentals of Accrual Accounting Chapter 9 Period-end Procedures Chapter 10 Documentation, File Maintenance & Due Dates Chapter 11 Payroll – an Introduction Case: Introduction to Computerized Accounting with Simply Accounting Practice Management Thesis* Exam Total 30 Hours

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1

CONTENT AND KEY CONCEPTS

TABLE OF CONTENTS

A formal financial planning methodology is critical in bringing portfolios and expectations back on track when markets or client lifecycle events change.

Client-centred financial advising is a way to structure your practice around the needs of your clients, both individually and as a group to provide the following benefits XE “benefits” :

Instruction in the Knowledge Journal features:

A deeper bond with your clients, faster and more consistent growth of assets under administration, better and easier client XE “client” retention An increased likelihood that your clients will accept your advice and recommendations, and provide quality referrals to others Greater personal satisfaction, from making a bigger positive difference in your clients’ lives

CERTIFIED SKILLSETS • How clients evaluate you and the success of their relationship with you • How to build trust with clients at a deeper level

Client-Centred Practices, The Structure of 2008 COURSE GUIDE

BY DAVID CHRISTIANSON PROGRAM: Investment Planning Services Specialist Licensed advisors who develop a formal process for communicating with clients and renewing the value of their services are the ones who retain clients through market cycles, and receive referrals.

• How to make a bigger difference in clients’ lives • How to build a goal-achieving machine for your clients • How to educate clients to take into account the six elements of financial planning in decision-making • How to implement the six steps of formal financial planning when selling investment or insurance products

Chapter 1

How Clients Evaluate Client Performance Chapter 2 The Three Legs of the Stool Chapter 3 Effective Communication - The Next Level Chapter 4 Client-Centred Advising Chapter 5 What is ClientCentred Advising?

Chapter 6 The Business Case for ClientCentred Advising Chapter 7 The Structure of the ClientCentred Practice Chapter 8 The Methodology of ClientCentred Advising Chapter 9 Why Does It (Client-Centred Advising) Work?

Chapter 10 The Six Step Financial Planning Process Chapter 11 What Have You Done for Me Lately?

Practice Management Thesis*

• How to determine your client’s key personal and financial goals.

Exam

• How to assess clients’ real risk tolerance in bull and bear market conditions

Total 15 Hours

• How to develop an early warning communications plan • How to systematize revisions to original plans and expectations.

*PRACTICE MANAGEMENT THESIS Students will have access to The Professional Approach Referral Kit, which will include the following Practice Management Tools: 1. Values & Attitudes Questionnaires 2. Your Mission Questionnaire 3. Annual Meeting Agenda and Notes Template 4. Investment Policy Statement (IPS) 5. Legacy ExpanderTM

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

The student will learn the key concepts surrounding residency, non-residency, immigration, emigration and the taxation issues surrounding cross-border transactions from a Canadian point of view.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS Each chapter features case studies which will ensure that the tax practitioner can adequately explain: • When Canada taxes U.S. residents • How to use Tax Havens • Benefits and protections of tax treaties • How to cash in on the U.S. real estate boom – tax free • Planning for U.S. estate tax

Cross Border Taxation

BY JOHN MILL

2008 COURSE GUIDE

PROGRAM: Tax Services Specialist As baby boomers age and technology makes it possible for people and businesses to operate globally, cross border taxation issues become key for cross border employment, entrepreneurship or asset ownership, as does the issue of residency. Advisors who work with affluent boomers must be prepared to discuss cross border taxation with a comprehensive general knowledge.

• How to become a non-resident of Canada • How to enter the United States to work or live • How dual residents can optimize their tax position • The tax consequences of terminating residence

*PRACTICE MANAGEMENT THESIS Students have access to the following tools in preparing multiple choice and case study questions: 1. Glossary of Key Concepts & Terms 2. Checklist of Key Residency Planning Questions 3. Tip Sheet for Snowbirds 4. US-Canada Tax Treaty Summation

Part 1: Cross Border Tax Chapter 1. Non-Resident Taxation Chapter 2. Tax Havens and Foreign Income Chapter 3. U.S. Estates and Treaty Protection Chapter 4. Property Part 2: Residence and Immigration Chapter 5. Canadian Residence Chapter 6. U.S. Residence Chapter 7. Dual Residents Chapter 8. Immigration & Emigration Practice Management Thesis* Exam Total 30 Hours

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

This course brings advanced technical expertise to the discussion of taxation at death and facilitates the setting of investment product objectives around the ultimate tax saving opportunity: the tax efficiency of one’s financial legacy.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS

Chapter 2

• understand death as a financial event and discuss its ramifications with clients • spot potential income tax problems waiting in the wings for your client alongside the grim reaper • ask better questions and bring value to the client relationship by identifying possible solutions to those problems • identify and discuss creative tax strategies that take advantage of the opportunities presented by death, both in terms of personal and business finances

Death of a Taxpayer

BY JOHN POYSER

2008 COURSE GUIDE

PROGRAM: Tax Services Specialist Death is always timely. In tough economic times, advisors have to find new ways to build and sustain secure, value-added client relationships. Estate planning is a source of angst for clients. The advisor who helps clients tackle that angst and implement an effective estate plan will build client loyalty.

Chapter 1

Chapter 3 Chapter 4 Chapter 5 Chapter 6

Introduction of Federal and Provincial Taxes The Federal Income Tax Act – The Basics at Death Deferral Mechanisms for Registered Investments Avoiding or Deferring Capital Gains Posthumous Estate Planning Opportunities Probate Avoidance Strategies and their Implications

• identify opportunities for probate avoidance (applicable only in high probate jurisdictions).

Practice Management Thesis*

*PRACTICE MANAGEMENT THESIS

Total 30 Hours

Students also have access to The Professional Approach Referral Kit, which includes a Checklist of Key Death Planning Questions, Tip Sheet on Nationwide Probate Fees, Taxes at Death Calculator (Tax Return Estimator) in preparing their multiple choice and case study questions in preparation for their exam.

Exam

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

This program will consider the vital role that life insurance can play in the successful transition of a business on a business owner’s death from two perspectives: (i) the individual who intends to pass his or her interest in a business to other family members (such as children) and (ii) the business owner whose interest in a business will pass to someone outside the family. Learn unique insurance solutions applicable to each type of business.

Instruction in the Knowledge Journal features study from author Glenn Stephens’ book Estate Planning with Life Insurance and covers the following topics:

CERTIFIED SKILLSETS • How to assist a small business owner in minimizing exposure to capital gains tax • How to devise a strategy to ensure an appropriate division of the business owner’s estate between children active in the business and those who are not

Insurance Strategies for the Small Business Owner

2008 COURSE GUIDE

BY GLENN STEPHENS PROGRAM: Tax Services Specialist, Retirement & Estate Planning Specialist Small business forms the backbone of the Canadian economy, yet only a minority of businesses successfully pass to new owners. Sophisticated strategies are needed to ensure greater success in the transition of business ownership.

• How to use a shareholders agreement in a family business setting • How to identify common insurance-related errors and omissions in shareholders agreements • How to determine when to recommend, and when to advise against, corporate-owned insurance • How to effectively use holding companies in business succession and insurance planning • How to find life insurance opportunities by understanding complex income tax rules such as the stop loss rules • How to effectively use key person life insurance and living benefits in this setting.

*PRACTICE MANAGEMENT THESIS Students will contemplate case studies using the following tools: The Business Client Finder, Insurance Concept Tip Sheet 1: The Pros and Cons of CorporateOwned Life Insurance, Tip Sheet 2: Stop Loss Grandfathering Rules, Tip Sheet 4: Common Insurance-Related Errors and Omissions in Shareholders Agreements, 30 Minute Tax Update

Chapter 1

The Role of the Insurance Professional in the Estate Planning Process Chapter 2 Taxation Overview Chapter 3 Life Insurance and the Need for Estate Liquidity Chapter 4 Introduction to CorporateOwned Life Insurance Chapter 5 Family Business Succession Chapter 6 Buy/Sell Agreements Chapter 7 Using Legal Documents as Sales Tools Chapter 8 Accumulation and Leveraging Strategies Chapter 9 Charitable Giving Strategies Using Life Insurance Chapter 10 Life Insurance and Trusts Chapter 11 Creditor Protection Chapter 12 Disability Buy-outs and Critical Illness Insurance in the Business Market Practice Management Thesis* Exam Total 30 Hours

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21

Introduction To Computer-Based Personal Tax Preparation

BY EVELYN JACKS

2008 COURSE GUIDE

PROGRAM: Tax Services Specialist, Certified Bookkeeping Specialist Tax preparation is always timely, as it is the taxpayer’s legal right and duty to file a tax return for the entire family to the best benefit of the unit as a whole. But from a tax and financial planner’s point of view, it is critical to know the mechanics of tax preparation as a prerequisite to tax efficient financial planning. If you don’t know tax, you’re missing double digit returns in your plans for real wealth management with your clients.

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

This course introduces a proven process for consistently accurate tax preparation services with a professional client interview and documentation management system, as well as a thorough understanding of computerized tax preparation for the five anchor profiles upon which every personal tax return is based: credit filing, employees, married with variations, investors and seniors.

The course is perfect for new owner-managers who require a train-the-trainer manual, as well as new entrants into the tax preparation market including new seasonal staff in a busy tax accounting office. The course covers the latest tax change and features professional tax preparation and research software.

Instruction in the Knowledge Journal is divided into two parts:

CERTIFIED SKILLSETS See reference text description below.

Part 1: The Seven Professional Steps in Tax Preparation Chapter 1 Harvest the Data Chapter 2 Learn the Lingo Chapter 3 Check the News Chapter 4 Focus on the Family Chapter 5 Focus on Investments Chapter 6 Audit-Proof Receipt-based Claims Chapter 7 Plan for Long-term Tax Savings

*PRACTICE MANAGEMENT THESIS

Part 2: Common Tax Profiles

The student prepares case studies on Profile Professional Tax Software and researches tax questions using the InTRA Professional Tax Library. Also available are three tax calculators to explore true-to-life scenarios: the Marginal Tax Rate Calculator, the Retirement Savings Planner and the Tax Return Estimator.

The student will also be required to know the details of four appendices: The T1 General Return and Schedules, the T-Slip Entry Guide, the CRA Website Maximizer and Efile Instructions. Tools available for use with clients include the Permanent File Document Sorting Checklist, Year-Round Receipt Sorting Checklist, Current Year Data Entry Checklist, Family Tax Filing Worksheet, InterFamily Investment Tracking form, Tracking and Calculating CCA Worksheet, Auto Expense Worksheet, Home Office Worksheet.

Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12

The Credit Filer The Employee Married – With Variations The Investor The Pensioner

Practice Management Thesis* Exam Total 30 Hours

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22

Introduction to Corporate Tax Preparation and Planning

BY JOHN GRANELLI

2008 COURSE GUIDE

PROGRAM: Tax Services Specialist, Certified Bookkeeping Specialist The focus of this course is to provide the preparer with an understanding of the businesses issues and tax options that underlie the taxation of corporate income, so that the return can be prepared accurately, tax is minimized and planning opportunities are identified on a timely basis. It is recommended that students take the Tax Preparation for Proprietorships course as a prerequisite to this course.

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

This course serves as an introduction to the preparation of a corporate income tax return. This course is up to date for 2006 returns and contains all known changes to rates through to 2011. It includes a progressive comprehensive case study, in which the student prepares an actual return in stages through the course of seven chapters, using ProFile. It also includes a practice exam. This exam has marked questions to allow the student to preview their performance, but they don’t count to the final grade.

Instruction in the Knowledge Journal includes:

CERTIFIED SKILLSETS Basic tax planning concepts, both for the corporation and its shareholders, are identified. Students will learn how to Print out T2 jacket, Completion of the Identification Section, Complete the GIFI, Complete the S1, S2, S3, S4, S6. S7, S8, S10 and prepare case studies in T2 preparation and assist owner-managers with simple planning scenarios.

*PRACTICE MANAGEMENT THESIS Tax changes for the most current tax year included online, together with short answer and case study questions using leading edge software including: • ProFile Professional Tax Suite • ProFile InTRA Tax Research Software • The Marginal Tax Rate Calculator • Tax Return Estimator • Retirement Savings – Registered vs Non-Registered

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10

How Corporations are Taxed Using a Corporation Basic Elements of the T2 Determining Net Income Other Adjustments Taxable Income Part I Tax Dividend Refund and Other Taxes Filing, Assessments and Appeals Tax Planning

Practice Management Thesis* Exam Total 30 Hours

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23

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

Approximately 60% of all new policies sold are Universal Life. Many are still purchasing Universal Life as their preferred insurance product, with the option of using it as an investment product. This course revisits the importance of informing clients of the 250% rule or “anti-dump-in rule.”

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS • How to introduce new concepts using the UL as an investment with your clients

Life Insurance: Strategic Investment Planning With Ul 2008 COURSE GUIDE

BY PAUL GRIMES PROGRAM: Investment Planning Services Specialist As baby boomers age and their time horizon for investment opportunity wanes it is important to review opportunities for wealth management within life insurance products.

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5

Life Insurance for the Next Generation The Basic Mechanics The Adjusted Cost Basis Net Cost of Pure Insurance Crystallization of the Adjusted Cost Basis The 250% Rule How to Qualify Wealth Creation Opportunities for Your Clients

• How to use and explain the definition of adjusted cost basis with the client in order to evaluate when a taxable gain exists inside the program

Chapter 6 Chapter 7

• How to crystallize the ACB, which significantly increases the investment opportunity inside the plan

Practice Management Thesis*

• How to plan for additional deposits to the UL and in what order, (before or after other tax shelters like RRSPs or LSVCF) to maximize tax sheltering opportunities within UL Program

Exam Total 15 Hours

• How to plan for partial or full withdrawals from a UL in a tax efficient way

Additional Reference Book

• How to use cash value in joint second-to-die UL to maximize the tax-free estate of a surviving spouse

“The Facts of Life”: a 235-page book on how to build wealth and protect your assets with life insurance, by Paul Grimes.

• How to increase compensation on trailers, as a result of additional deposits to existing UL policies • How to quantify other wealth creation opportunities for the client.

In discussing the new technical and product concepts introduced in the course, students will be asked three long answer questions to help get better results, simplify efforts and make more money.

*PRACTICE MANAGEMENT THESIS Students will work with The Professional Approach Referral Kit, which will include the following Practice Management Tools: 1. Universal Life Enhancer Tip Sheet A: Get Better Results (Improving Income Efficiency) 2. Universal Life Enhancer Tip Sheet B: Simplify Your Efforts 3. Universal Life Enhancer Tip Sheet C: Make More Money

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

24

Living Benefits: Income & Tax Benefits of Critical Illness 2008 COURSE GUIDE

BY DARYL DIAMOND, DON MANSON AND EVELYN JACKS PROGRAM: Investment Planning Services Specialist Living benefits can replace the need for life insurance or meet new needs for mature clients. However, while most advisors feel their expertise is weak in this area, specialists are approaching their clients.

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

Your clients will be the rare exception if at some point they would not qualify to receive payment from living benefits. This course will help you and your clients to better understand the health risks to which they are exposed and equip you with the tools to quantify the types and amounts of coverage that are appropriate in preparing for those risks. The Living Benefits program will take you through the lifecycles of your client and show how such coverage can help to build as well as preserve assets. More importantly, addressing the needs of disability, critical illness and long term care will assist your clients in preserving their quality of life in the most tax-effective and cost-efficient way.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS

Practice Management Thesis*

Specifically you will learn:

Exam

• How to fit living benefits policy protection into a financial plan, keeping in mind a planner’s fiduciary responsibility to do so.

Total 15 Hours

• How to determine if living benefits are a concern and a need for a client, using statistics and demographics as a guide.

• How to demonstrate and quantify the need in the different product areas including disability insurance, critical illness and long term care insurance.

• How to prepare needs assessments, identify primary markets and reasons to buy coverage.

• How to identify sales concepts and ideas.

• How to identify forms of long term care and funding options.

• How to discuss the tax consequences of benefit receipts including CPP disability benefits, wage loss replacement, employer-funded and employee pay-all plans.

*PRACTICE MANAGEMENT THESIS Students also have access to The Professional Approach Referral Kit, which include the following Practice Management Tools: 1. Understand Tax Strategies 1: Life Events and Their Tax Impact 2. Understand Tax Strategies 2: Tax Strategies for Caregivers 3. Understand Tax Strategies 3: Tax Strategies for Executors 4. Living Benefits Needs Analysis: Critical Illness 5. Living Benefits Needs Analysis: Long Term Care

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5

Quality of Life is About Choice An Overview of Disability Insurance Critical Illness and Critical Needs Long Term Care Insurance Tax Consequences of Living Benefits Policies

Additional Reference Books Students will read Essential Tax Facts and Tax Savings for the Long Run by Evelyn Jacks. Also featured with this course is an electronic update of recent tax changes.

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

25

Managerial Accounting for Professional Bookkeepers

BY JOHN GRANELLI

2008 COURSE GUIDE

PROGRAM: Certified Bookkeeping Specialist It is one thing to properly keep books, using a double entry system. It is quite another to use that financial information to enable a business to meet its financial goals and make better management decisions throughout the year. Students who have completed Basic Bookkeeping for Professionals and others will be delighted with this course, which instructs the student on use of information within bookkeeping systems to assist business owners and their advisors to make business decisions.

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

This second course in the Certified Bookkeeping Specialist designation program provides specific skillsets to assist the professional bookkeepers working in a business environment to develop financial reports that enable business decisions.

Instruction in the Knowledge Journal includes:

Here is what you will learn:

CERTIFIED SKILLSETS The participant will understand the role and functions of internal and external accountants involved in managerial accounting, how to format account analysis, how to record and analyze transactions around fixed asset acquisitions and dispositions, basic budgeting components, assumptions, forecasts and formats, sales budgeting, cash flow budgeting, the basics of cost accounting, periodic management on a monthly and annual basis.

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9

The Role of the Management Accountant Basic Account Analysis Introduction to Cost Accounting Budgeting Basics Fixed Assets and Capital Budgeting The Sales/Production Budget Other Budget Items Cash Flow Budgeting Periodic Management Accounting Functions

*PRACTICE MANAGEMENT THESIS

Practice Management Thesis*

Formal Case Study. The student will apply the knowledge gained in the course to prepare a budget for a sample company.

Exam Total 30 Hours

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COURSE CONTENT AND KEY CONCEPTS

TABLE OF CONTENTS

By gaining insight into the medical perspective of elder care, the advisor will be in an advantageous position with regards to assisting the client define needs for long-term health care insurance within their family. As well, the course aims to explicitly define the pertinent medical terminology used in long-term health care insurance products. This clarity is essential in interpreting benefits to clients. Using a case study, definitions will be illustrated and elder needs and the provisions to meet them highlighted.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS

Medical Perspective on Elder Care

BY DR. ALEX ILNYCKYJ

2008 COURSE GUIDE

PROGRAM: Retirement and Estate Planning Specialist As more Canadians are attaining the middle years, when they need medical services for themselves and their aging parents, they must be sensitized to the fact that health care is an important dimension of their financial planning strategy.

An understanding of the needs and provisions for elder care is therefore essential.

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7

The Life Cycle Care of Patient Demographics Anatomy of an Illness Terminology Case Study Family Supports

• How to assist clients in identifying a need for elder care planning in their lives

Practice Management Thesis*

• How to understand and define pertinent medical terminology used in longterm health care insurance products, which is essential in interpreting benefits to clients

Exam

• How to access long-term health care in your region • How to discuss the sensitive issues of health/disability with clients and the family members who will be directly affected by the illness as it relates to physical and emotional challenges and the resulting support required to cope • How to approach the impending financial side-effects of illness in the family • How to use the information above in selecting living benefits products.

*PRACTICE MANAGEMENT THESIS The student will have the opportunity to work with 5 resources in learning the course material including The Medical Needs Analysis, The Community Services Questionnaire, The Critical Illness Tipsheet, The Glossary of Medical Terminology and The Tax Preferences Checklist.

Total 15 Hours

Additional Reference Book Essential Tax Facts by Evelyn Jacks

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

2

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

To develop confident and consistent solutions, to better manage wealth financial, services professionals and their clients must speak a similar language and have a common process and framework for getting results. Your communications with your clients can reach a new level of effectiveness if you both consider the relationship between risk and return from a technical point of view. This understanding will help you get results within your strategic plan

Instruction in the Knowledge Journal features: Chapter 1 Chapter 2 Chapter 3: Chapter 4:

CERTIFIED SKILLSETS Using the power of simulations and modelling, students will learn to convey the process behind some of the most powerful financial concepts used by financial advisors to predict and evaluate risk and return: • How to measure different types of returns.

• How to measure, interpret and communicate standard deviation.

• How the principles of correlation and beta can be used to reduce risk.

Modern Portfolio Theory & Financial Literacy 2008 COURSE GUIDE

BY ROBERT IRONSIDE AND DOUG NELSON PROGRAM: Investment Planning Services Specialist A lack of financial literacy is a serious detriment to confident decision-making around investing, especially in volatile times, when investors work, demographically with shorter time horizons.

• How the power of Modern Portfolio Theory and the Capital Asset Pricing Model assists in key asset allocation decisions.

• How the Capital Market Line can be used to enhance the risk/return relationship.

• How to use different software tools to apply this knowledge in your practice each day.

PRACTICE MANAGEMENT THESIS: Imagine the power of capturing the underlying algebraic equations in the evaluation of a portfolio in a visual format that the user can manipulate with a mouse! Throughout the course the advisor will be exposed to several on-line tools and simulations, and use them to: • Explain and use a selection of financial literacy simulation models with clients.

• Explain and integrate Modern Portfolio Theory within decision-making with clients.

• Use financial literacy to guard against complaints around inappropriate risk tolerance or investments.

• Evaluate a variety of risks within asset classes using a multi-dimensional approach.

• How to use the combination of both risk and return to make more informed recommendations.

• How these processes can help you simplify and make more money in your practice.

• Most importantly the advisor will learn how to build and evaluate his / her own efficient portfolio designs using common industry wide software.

Chapter 5: Chapter 6: Chapter 7: Chapter 8: Chapter 9: Exam

Measuring & Calculating Return Standard Deviation Correlation & Beta (The Risk Return Chart & The Sharpe Ratio).

Calculating Portfolio Risk (for a single asset, dual asset and multi-asset portfolio).

The Efficient Frontier The Capital Asset Pricing Model (and the Capital Market Line) Generating Risk Adjusted Results Fundamental Indexing Software Tools for Portfolio Analysis

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

Portfolio Construction begins with the thorough understanding of the risk profile of the client. Yet, by international standards it is clear that the typical KYC or Asset Allocation Questionnaire is woefully inadequate. The Portfolio Construction Course begins with a thorough analysis of current risk profiling tools and their strengths and weaknesses for both the client and the advisor. Next, the course explores how to evaluate the risk profile of different portfolios, how to evaluate the risk and return features of different types of investments and how the risk profile of these investment are impacted by changes in the business cycle and interest rates. All of these components assist in the ultimate process of designing and implementing the most appropriate portfolio to match the risk profile of the client.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS The student will learn to:

PORTFOLIO CONSTRUCTION FOR REAL WEALTH MANAGEMENT

2008 COURSE GUIDE

BY ROBERT IRONSIDE AND DOUG NELSON PROGRAM: Investment Planning Services Specialist If you are in the business of advising clients about their investments you need to know three things: the effect of interest rate fluctuations, costs of assets and how to calculate the highest possible return for every possible risk.

• Create their own unique Risk Profiling process for their client.

• Link, in a quantitative manner, the Client Risk Profile to the Risk Profile of the Portfolio.

• Evaluate the Risk and Return profiles of different types of securities.

• Explain the impact of interest rates and rate projections on bond prices, stock prices and market performance.

• Decompose interest rates into various components.

• Demonstrate proven portfolio construction, optimization and follow up strategies.

• Effectively communicate risk and return to your client.

• Use risk analysis tools, risk models and portfolio construction skills to create optimal portfolios.

• Presenting investment recommendations using supporting analysis.

*PRACTICE MANAGEMENT THESIS Throughout the course the student will participate in 19 different case studies accessing tools from the Bank of Canada, Finametrica, Globe Investor Gold and PalTrak, as well as several different on-line calculators, tutorials and simulators so as to apply modern tools in their practice today.

Chapter 1: What is my client’s personal risk profile?

Chapter 2: The Risk Profiling Process.

Chapter 3: The Portfolio Risk Profiling Process.

Chapter 4: The Investment Risk Profiling Process.

Chapter 5: What Are Interest Rates & How Are They Determined?

Chapter 6: The Impact of Interest Rates on Bond Prices.

Chapter 7: The Impact of Interest Rates on Stock Prices.

Chapter 8: Theories of the Term Structure.

Chapter 9: Portfolio Design.

Chapter 10: Portfolio Construction for Real Wealth Management Exam Total 30 hours

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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CONTENT DESCRIPTION AND KEY BENEFITS

TABLE OF CONTENTS

This program teaches a proven approach to assisting the advisor in the development of a new practice model that creates a unique product (a new approach to portfolio design), combined with a unique service (portfolio risk management) at an effective price point for all of your clients (you set the fees), thereby enabling the advisor to be ready for the inevitable changes to come in the financial services industry. Move your business from a commission-based, product-oriented model to that of an independent professional in a financial services practice with specific analytical tools to effectively evaluate and manage risk, direct contact with the people making the final investment decisions (money managers) and a direct fully disclosed compensation model.

Instruction in the Knowledge Journal features these chapters:

CERTIFIED SKILLSETS The Distinguished Professional Practice of a PRM is defined to have : • A portfolio management process designed to produce consistent returns with minimal risk & fees • A simplified business model focused on top and bottom line growth • Greater profitability for both the client and the advisor

Portfolio Risk Manager 2008 COURSE GUIDE

BY DOUGLAS V. NELSON PROGRAM: Investment Planning Services Specialist The Portfolio Risk Manager works as an advocate for the best interests of the client to ensure the risk profile of the portfolio is consistent with the changing risk profile of the client, now and in the future.

• To incorporate such a service model, the advisor must implement the following goals in practice:

Portfolio Risk Management: The Case For An Alternative Approach.

The Distinguished Professional Practice Implementation Approaches PRM Step 1 Portfolio Strategies to Manage Risk PRM Step 2 Product Selection Strategies PRM Step 3 Benchmarking.

PRM Step 4 Portfolio Monitoring Strategies

The Distinguished Professional Practice: New Business Models • Compliance & Regulation.

• To develop a consistent method for evaluating the merits of new and different products,

• How To Transition To The Distinguished Professional Practice.

• To use the products selected to build a unique, tax effective, risk adjusted portfolio that is in alignment with your clients tolerance for risk,

• How To Manage Your New Business Model.

• To follow a value added Risk Management & Portfolio Monitoring Service to ensure the portfolio always remains consistent with your clients goals and • To do so at a price point that compensates you appropriately for your time while costing less to the client.

PRACTICE MANAGEMENT THESIS ONLINE The Knowledge Net Tools discuss portfolio risk management in a case study approach using the following software tools and resources: Block Analysis Tool | Portfolio Inspector Software | Fee Builder Tool | Sample IPS | Portfolio Builder Tool Sample Disclosure Statement.

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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CONTENT DESCRIPTION AND KEY CONCEPTS The answer to retirement readiness depends on two factors: can you afford to, and is it the right move for you on a personal level? This course provides the tools to answer both these questions - for the clients you serve, and eventually, for yourself as well by covering the following issues: • Demographics: baby boomers are ready to embrace the retirement decision stage • Legislative changes: mandatory retirement may soon be a thing of the past • Business reality: early retirement incentives are still a fact of life in public, private sector organizations

Retirement Readiness Planning 2008 COURSE GUIDE

PROGRAM: Retirement and Estate Planning Specialist With legislative changes making mandatory retirement obsolete, virtually all Canadian workers will soon enjoy the freedom to decide if and when to stop working. But how do you know when you’re ready to retire?

Instruction in the Knowledge Journal features: Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6

Our Changing Retirement Reality Financial Readiness – How Much Is Enough?

Sources of Income – Putting It All Together Evaluating Personal Readiness Building A Picture of The Future Case Studies

• Changing attitudes: more employees are considering dropping out to achieve a better quality of life

Practice Management Thesis*

• Quality of Life Issues: Individuals who are actively considering leaving their jobs and are concerned

Total 15 Hours

• Pro Help Issues: Financial advisors want to be able to help their clients make the retirement decision • Role of Career counsellors who work with a pre-retirement clientele • Advantage: Retirement planners looking for a comprehensive program to use with their clients

CERTIFIED SKILLSETS Specifically you will learn:

BY LYNN BISCOTT

TABLE OF CONTENTS

• How to understand and interpret the new retirement reality • How to evaluate the financial resources needed for retirement • How to reduce expenses in retirement • How to evaluate personal readiness to leave a job or career • How to help clients make the retirement decision

Exam

*PRACTICE MANAGEMENT THESIS Students will work with the following tools: • Expected Expenses In Retirement • CPP Breakeven Analysis • Minimum RRIF Withdrawals • Questionnaire: IS SELF-EMPLOYMENT RIGHT FOR YOU? • Balance Sheet Modelling • Questionnaire: Values Identification • Needs Analysis Checklist

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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COURSE CONTENT AND KEY CONCEPTS

TABLE OF CONTENTS

This course speaks to the retirement income planning issue from the point of view of the practicing financial advisor who recognizes:

Instruction in the Knowledge Journal features:

• Very few advisors focus on the area of retirement income planning, which will be the largest market for advisors over the next 15 years • It is possible to gather clients and assets from others who are not ready

CERTIFIED SKILLSETS • How to maximize the use of income tax brackets to enhance client outcomes

Practice Management Thesis*

• How to create the net income required with the least stress on assets

Exam

• How to leverage portfolio returns with tax preferences

Total 15 Hours

• How to implement withdrawal strategies that conserve assets and reduce taxes • How to make reduced investment fees benefit your client and you

2008 COURSE GUIDE

BY DARYL DIAMOND PROGRAM: Retirement and Estate Planning Specialist Learn how to directly assist clients and be recognized for expertise in the lucrative retirement income planning marketplace, while retaining accumulation clients.

Chapter 2

Looking for a Safe Harbour in Rough Seas Understanding Retirement Income and Taxation Time to Revisit the Plan The Source and Order of Income Investing for Income Addressing the Issue of Fees

Chapter 3 Chapter 4 Chapter 5 Chapter 6

• Some clients have drawn down heavily on their income and need a new strategy for the future.

Retirement Income Planning Through Cyclical Change

Chapter 1

• How to acquire business by distinguishing yourself from your competitors

*PRACTICE MANAGEMENT THESIS Students have access to The Professional Approach Referral Kit, which will include the following Practice Management Tools: 1. Step-by-Step Lifestyle Transition Checklist in Improving Income Efficiency 2. Advisor Checklist for Client Income Plan Also featured as a resource with this course is an electronic update of the most recent tax proposals from federal and provincial budgets to keep you on the leading edge with your tax knowledge.

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

Acquire the skills required to provide advice on compensation policies for the business owner/manager, with a view to minimizing the total amount of income taxes paid.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS

Tax Planning For Corporate Owner/ Managers

BY JOHN GRANELLI

2008 COURSE GUIDE

PROGRAM: Certified Bookkeeping Specialist, Investment Planning Services One of the key issues faced by the owner/manager of a private business is how to best managing his or her compensation to maximize the amount of after-tax income available to the family including spouse, children, siblings and parents. A professional needs a solid understanding of the options available in assembling a compensation package, and the constraints imposed by income tax and other laws in order to provide sound advice to the employer or client.

The student will understand the different ways in which an owner/manager may draw compensation from an incorporated business including: • a thorough understanding of the income tax implications of dividends, salary and deferred compensation programs to both the corporation and the owner • a basic understanding of the income tax limitations on income splitting • a basic understanding of the tools commonly used to split income – salaries, dividends, the use of family trusts and holding companies • an understanding of the various forms of deferred income plan contemplated by tax law, including registered and non-registered pension plans, registered retirement savings plans, deferred profit sharing plans, retirement compensation arrangements and salary deferral arrangements

*PRACTICE MANAGEMENT THESIS Formal Case Study. The student will apply the knowledge gained in the course to provide budgets and analysis to a sample company.

Chapter 1

The Taxation of Business Income in Canada Chapter 2 Understanding Family Compensation Requirements Chapter 3 Income Tax Treatment of Salary Chapter 4 Income Tax Treatment of Dividends Chapter 5 Other Compensation Issues – Benefits, Shareholder Loans Chapter 6 Income splitting Chapter 7 Basic Issues in Using a Holding Company or Trust Chapter 8 Registered Deferred Income Plans Chapter 9 Unregistered Deferred Income Plans Chapter 10 Planning Pitfalls – the Capital Gains Deduction, CNIL, ABIL’s Practice Management Thesis* Exam Total 30 Hours

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

33

CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

This course is designed to teach professional advisors tax preparation for proprietorships, using CRA’s prescribed forms: the business statement, Capital Cost Allowance statements, worksheets for reporting home office, automobiles, other assets, inventory control, and cost of goods sold.

The course features 10 comprehensive chapters of study each featuring Advisor Think Tanks, interactive short answer questions and case studies:

CERTIFIED SKILLSETS

Chapter 1

Students will learn specifically how to complete the income statement for the self-employed, partnerships, farmers, fishermen, and professionals, using the most recent tax laws, and budget proposals so that taxpayers arrange affairs within the framework of the law to pay the least taxes possible. Case studies featuring a variety of unincorporated business enterprises enable a thorough understanding of the tax preparation and planning options available to the unincorporated small business owner including income splitting with family members and the building of both revenues and equity for future tax advantages.

*PRACTICE MANAGEMENT THESIS

Tax Preparation For Proprietorships 2008 COURSE GUIDE

BY EVELYN JACKS PROGRAM: Tax Services Specialist Unincorporated small business returns are increasingly in demand as an aging demographic moves from full-time employment to selfemployment as a way to leverage time and money.

The participant will prepare case studies on professional tax software, (Intuit’s ProFile) following step by step data entry instructions and have access to a comprehensive tax research library (InTRA) to assist in answering questions. Also included are eight worksheets for use in small business information assembly including the Business Asset Tracker, Electronic Auto Log, Business Plan, CCA Schedule, Home Workspace Calculator, Clawback Threshold Calculator, Income Splitting Worksheet, Marginal Tax Rate Calculator, 30 Minute Tax Update.

Taxation of Income from a Proprietorship Chapter 2 Reporting Requirements: GST Chapter 3 Claiming Business Expenses Chapter 4 Transactions Involving Business Assets Chapter 5 Home-based Businesses Chapter 6 Hiring Human Resources Chapter 7 Inventory-Based Businesses Chapter 8 Disposing of and Replacing a Business Chapter 9 Farming and Fishing Enterprises Chapter 10 Professionals and Partnerships Practice Management Thesis* Exam Total 30 Hours

Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

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CONTENT DESCRIPTION AND KEY CONCEPTS

TABLE OF CONTENTS

Every financial advisor who discusses tax, financial or investment plans with clients should have a basic understanding of the taxation of trusts in order to discuss estate planning options with clients. This course provides a detailed primer in the subject area featuring common true to life scenarios.

Instruction in the Knowledge Journal features:

CERTIFIED SKILLSETS

• How to protect children from gold-diggers, protect wealth from creditors and protect beneficiaries from poor financial judgment using control designed trusts

Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Chapter 13

• How to help clients help their disabled beneficiaries

Practice Management Thesis*

• How to identify opportunities and needs for insurance products as part of trust planning

Exam

Using a case study approach, you will learn: • How to explain trusts in basic terms to clients, and to under stand basic trust workings • How to reduce income taxes using charitable remainder trusts, estate freezes, and testamentary trusts

Use Of Trusts In Tax And Estate Planning

BY JOHN POYSER

2008 COURSE GUIDE

PROGRAM: Tax Services Specialist, Retirement & Estate Planning Services Trusts are used on an everincreasing basis to plan for wealth and succession objectives for medium and high worth clients. The advisor who can assist with that process enjoys the opportunity to nail down a long-term, potentially intergenerational connection to the client and their family; the advisor who can’t, risks losing the client.

• How to avoid probate fees using alter ego trusts and RRSP trusts

• How to become part of a succession planning team that advises the next generation.

*PRACTICE MANAGEMENT THESIS Students have access to a Glossary of Key Concepts, 2. Key Trust Planning Questions, Tip Sheet on Nationwide Probate Fees, Taxes at Death Calculator, 30 Minute Tax Update

Chapter 1 Chapter 2

Basic Trust Mechanics Trusts as Mechanisms to Exert Control Documentation to Create a Trust Basic Tax Treatment Testamentary Trusts Inter Vivos Trusts Charitable Remainder Trusts Alter Ego and Joint Partner Trusts Insurance Trusts RRSP Trusts Spendthrift Trusts Spousal Trusts Trusts for Disabled Beneficiaries

Total 30 Hours

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Contact us today: Toll Free: 1 866 953-4769 Fax: 204 953-4761 E-mail: reception@knowledgebureau.com or enrol online: www.knowledgebureau.com

CE CERTIFICATION OPTIONS Many licensed and practicing tax and financial advisors are required to earn continuing education credits as a condition of their licensing or professional association memberships. The following chart overviews various formal accreditations obtained by The Knowledge Bureau for CE Credit purposes by a variety of government departments, professional organizations and regulators which have vetted our courseware. This information is subject to change without notice.

CURRICULUM

ICBC (Insurance Council of British Columbia): Provides credits upon completion and pass,

2. MINI COURSES BY SELF STUDY (15 CE CREDIT HOURS)

subject to specified criteria. For more information go to http://www.insurancecouncilofbc.com/PublicWeb/CED_ MaintainingRecords.html

Challenge Tax Update

ICM (Insurance Council of Manitoba): Provides

Knowledge Bureau certification to professional bodies for continuing education credits.

credits upon completion and pass in two categories: ASC (Accident & Sickness) and LC (Life Credits). For more information go to http://www.icm.mb.ca/conted/lifeanda&s/ docs/index.html

Advocis: See http://www.advocis.ca/content/education/

IDA Firms: See http://www.cecap.ca IDA website

Accountants and Tax Preparers: Please present

con-ed.html Continuing Education Credits Chart. Ethics credits can also be met.

AIC (Alberta Insurance Council): Provides credits in two categories: ASC (Accident and Sickness Credits), and LC (Life Credits). For more information go to http://www.abcouncil.ab.ca/CE-EO-Frames/ Info%20Frameset-1.htm

FPSC (Financial Planners Council): We have

2008 COURSE GUIDE

ICB (Institute of Canadian Bankers): Details on the http://www.icb.org/english/partners_corporate.asp ICB website.

reviewed the Guidelines for Providers of Continuing Education Programs from the Financial Planners Standards Council and have developed the programs with these guidelines in mind. Although we will provide the necessary verification of attendance, we understand it is up to the individual CFP licensee to determine whether completion/attendance at this seminar/program/course qualifies for CE Credits.

for information on credit requirements for Cycle 2 ending December 31, 2008. Courses from the Knowledge Bureau may qualify for professional development credits upon review from individual member firms, as per the guidelines outlined by the IDA. Request for certification should be taken to individual member firms’ education and compliance review officers. The Knowledge Bureau continually seeks approval from the IDA for new courses and conferences as they evolve. Please speak to our career counsellors for specific questions on pending approvals for Professional Development credits.

1. SELECTED SELF STUDY COURSE LISTED IN THIS PUBLICATION

Tax Planning for the Small Business Owner Empathetic Advisors Evaluation of Risk and Return Mutual Fund Selection Rural Lifestyle Alternatives Please visit http://www.knowledgebureau.com www.knowledgebureau.com for more information about these mini-courses.

3. WORKSHOPS (2–6 CE CREDIT HOURS) November: December: January: Anytime:

Year End Update Take This Case and Solve It Line-by-Line Tax Update Ethical Behaviour for Fun and Profit

Please visit http://www.knowledgebureau.com www.knowledgebureau.com for more information about these workshops, held in a major city near you across Canada.

4. THE DISTINGUISHED ADVISOR CONFERENCE (9 TO 13 CE CREDIT HOURS)

MISSION STATEMENT OF THE KNOWLEDGE BUREAU We help our clients make the best educational decision for their time and money.

HOW WE DO THIS We are committed to the highest degree of accuracy and client services at The Knowledge Bureau.

We employ the services of highly qualified professional accountants, tax advisors, programmers, lawyers, academics and financial advisors who are experienced teachers, writers and beta testers.

We hold ourselves and our graduates up to the highest standards of professionalism by • providing leading edge courseware delivered in a timely manner striving to “get it right the first time” by writing courseware in a manner that is as accurate, clear and concise as possible, while meeting timely publishing deadlines • enabling continuous improvement in courseware and service, by listening carefully to students who bring new topics of interest or concern to our attention, researching issues and providing authoritative answers to questions posed about our program of studies at no charge to the student, by posting the answers to our student forums • producing Breaking Tax and Investment News, a national weekly electronic news services, at no extra charge to keep students up to date, enhance studies, clarify, correct, inform and in general raise standards of knowledge in the industry.

4 EASY WAYS TO ENROL

2008 COURSE GUIDE

By Phone 1-866-953-4769

By Mail PO Box 52042 Niakwa Postal Outlet Winnipeg, MB R2M 0Z0 Canada

By Fax 1-204-953-4762

Online www.knowledgebureau.com