The Personal Financial Planner's Manual™
Summary of Contents of Update 50


May 2007

Section-Chapter
1-1. Financial Planning Process
  This Chapter includes the Practice Standards released by The Financial Planners Standards Council.
 
3-2. Personal Tax Rates and Credits
  Over recent years, the government has been expanded the tax credits to provide support for those who are disadvantaged by disability and health issues, and to encourage certain social behaviours, such as taking public transit and enrolling one’s children in organized hockey. This Chapter has been updated for the 2007 personal tax rates and credits.
 
3-3. Federal Budgets
  This Chapter includes the proposals in the Federal Budget of March 19, 2007.
 
3-4. Provincial Budgets
  All of the provinces have brought down their budgets for 2007. This Chapter has been updated for the 2007 provincial tax rates and credits.
 
3-7. Taxation of Employees
  This Chapter has been updated for the 2007 rates for automobile benefits and allowances.
 
3-9. Income Tax Compliance
  This Chapter describes the filing of returns, payment of taxes and installments, tax-payer requested adjustments, fines and penalties, retroactive lump-sun payments, and misrepresentation of tax matters by third parties.
 
5-4. Registered Education Savings Plans
  This Chapter has been updated for certain income thresholds.
 
9-1. Quick Reference
  The Chapter has been updated for the 2nd quarter prescribed interest rates, OAS benefits, and the latest statistics on the Consumer Price Index.

Return to recent updates