WiseInvest

Category: News

  • WiseInvest’s Peyman Salari Achieves Prestigious TEP Designation

    WiseInvest’s Peyman Salari Achieves Prestigious TEP Designation

    WiseInvest is proud to announce that Peyman Salari has earned his Trust and Estate Practitioner (TEP) designation — a globally respected credential awarded to leading professionals in trust and estate planning.

    The Trust and Estate Practitioner (TEP) designation is administered by STEP Canada (Society of Trust and Estate Practitioners), the internationally recognized body for professionals specializing in inheritance and succession planning.

    According to STEP Canada:

    “The Trust and Estate Practitioner (TEP) designation is an internationally recognized, elite credential for professionals specializing in inheritance, trust, and estate planning, administered by STEP Canada. It signals high expertise, adherence to a strict code of professional conduct, and in-depth knowledge of tax rules and wealth transfer. TEPs are typically legal, accounting, or wealth management experts.

    Key Aspects of the TEP Designation:

    ► Expertise & Recognition: TEPs are recognized globally as experts in managing complex, high-net-worth estate planning, including cross-border assets and business succession.

    ► Trust and Standards: Members must adhere to a strict Code of Professional Conduct, ensuring integrity and high-quality service.

    ► Routes to Certification: The designation is earned through specific pathways, including examination, essay submission, or demonstrated expertise.

    ► Continuous Education: TEPs must maintain ongoing Continuing Professional Development (CPD), keeping them updated on changing laws and best practices.

    ► Professional Network: TEPs are part of a global network (over 22,000 members worldwide).

    Working with a TEP provides clients with assurance of specialized knowledge in navigating complicated family situations, tax planning, and legal requirements for, for instance, preparing a will.”

    Earning the TEP designation reflects Peyman’s deep commitment to technical excellence, ethical standards, and advanced expertise in estate and succession planning. This achievement strengthens WiseInvest’s ability to serve families, business owners, and high-net-worth individuals with sophisticated planning strategies — particularly in areas such as wealth transfer, tax efficiency, intergenerational planning, and complex family structures.

    We congratulate Peyman on this significant professional milestone and look forward to the continued impact of his expertise in helping our clients protect and transfer their wealth with confidence.

    Please join us in congratulating Peyman on earning his TEP designation.

  • Federal Government Defers Capital Gains Inclusion Rate Hike Until 2026

    Ottawa, Canada – The federal government has announced a deferral in the implementation of a planned increase to the capital gains inclusion rate, pushing it from June 25, 2024, to January 1, 2026. Finance Minister Dominic LeBlanc made the announcement on Friday, stating that the delay aims to provide certainty for Canadians, particularly as tax season approaches.

    LeBlanc also revealed that the government intends to introduce new exemptions alongside the changes to prevent middle-class Canadians from facing higher taxes should the policy become official. He assured that forthcoming legislation would include an increase to the lifetime gains exemption and a new incentive for entrepreneurs.

    “The deferral of the increase to the capital gains inclusion rate will provide certainty to Canadians, whether they be individuals or business owners, as we quickly approach tax season,” LeBlanc stated. “Given the current context, our government felt that it was the responsible thing to do.”

    The proposed hike, initially introduced in the Liberals’ latest federal budget, aims to raise the taxable portion of capital gains for corporations from one-half to two-thirds. For individuals, the policy would apply to capital gains earnings exceeding $250,000. However, despite being tabled as a ways and means motion, the changes have yet to pass through Parliament, which is currently prorogued until March 24.

    Despite the legislative delay, the Canada Revenue Agency (CRA) had already begun preparations to administer the changes. Parliamentary convention dictates that taxation proposals take effect as soon as the government tables a notice of ways and means motion, prompting early adjustments by the tax agency.

    With the deferral in place, businesses and investors will have more time to prepare for the potential tax changes, while the government works to finalize exemptions and incentives aimed at mitigating the impact on middle-class Canadians and entrepreneurs.