Industry

Decorative pattern

Eliminate labour fund tax credit, says C.D. Howe

Raising capital: How labour fund tax credits work Labour-sponsored investment fund performance fees stir controversy Researchers propose tax prepaid savings plans Labour movement (from the February 2004 edition of Advisor’s Edge) RRSP alternative (from the January 2004 edition of Advisor’s Edge) The shadow budget also calls for the elimination of the foreign property rule, which […]

By Doug Watt |March 9, 2004

2 min read

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Advocis calls for action on advisor incorporation

(March 8, 2004) Advocis says the Ontario government should give “immediate priority” to amending the Securities Act to allow incorporated securities salespersons. The recommendation comes in Advocis’s pre-budget submission, sent last week to the province’s finance minister. Advocis says at least 70% of its members are licensed for both insurance and mutual funds or other […]

By Doug Watt |March 8, 2004

2 min read

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Brokers enjoyed solid gains in 2003

(March 8, 2004) Canada’s securities industry was firing on all cylinders in 2003, says the IDA, with operating profits rising 21% from the previous year to $3.3 billion. “The year marked a dramatic turnaround in industry fortunes following a 23% earnings drop in the previous two years,” the IDA said in its quarterly securities industry […]

By Doug Watt |March 8, 2004

2 min read

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A look back at the 2004

(March 8, 2004) Evidence is mounting that the first two months of 2004 have been strong for the investment community, as the traditional last-minute rush to invest in RRSPs came to a close last week. Net new mutual fund sales for February alone are estimated at about $5 billion — 10 times that of February […]

By Steven Lamb |March 8, 2004

3 min read

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Court rules on interest deductibility

(March 5, 2004) The Supreme Court of Canada has ruled on the much-talked about case of Gifford v. Canada — the income tax appeal of a financial advisor who wrote off the interest on a loan used to buy a colleague’s book. “The agreement to pay $100,000 to purchase accumulated goodwill and the agreement not […]

By Steven Lamb |March 5, 2004

4 min read

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Columnist sparks DSC debate

(March 5, 2004) An online news article criticizing advisors who sell back-load or deferred sales charge (DSC) mutual funds provoked an angry response this week in Advisor.ca’s Talvest Town Hall. The article, written by columnist Wayne Cheveldayoff and distributed to various financial Web sites by CP Online, was titled “Investors should avoid advisors who insist […]

By Doug Watt |March 5, 2004

3 min read

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IPC to remain advisor friendly, CEO pledges

(March 4, 2004) Steve Meehan says he understands the fear that Investor Group’s (IG) takeover of his firm has created among its advisors — the CEO of IPC Financial Network says if he was an advisor, he’d feel the same way. But Meehan is convinced the firm’s 600 advisors will be supportive once they realize […]

By Doug Watt |March 4, 2004

3 min read

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Advocis unveils draft of best practices manual

(March 3, 2004) Advocis has released its new best practices manual, seeking commentary from regulators, organizational partners and members. The complete manual, with feedback incorporated into it, will be released in the fall. “This comprehensive advisor toolkit takes a holistic approach to the advisor-client relationship, effectively elevating it from a transaction-focused relationship to one that […]

By Steven Lamb |March 3, 2004

3 min read

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Is Your Practice High Net Worth Ready?

Is your practice high net worth ready? It’s a market that can be hard to reach and it is also a misunderstood market. Here is an article from TD Mutual Funds that gives some insight into what it takes to prepare your practice to meet the needs of High Net Worth investors. Download Is Your […]

By Staff |March 3, 2004

1 min read

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Investor grievances focus of new report

(March 3, 2004) A lobby group representing small investors is taking its campaign to beef up investor protection to a higher level. The Small Investor Protection Association (SIPA) sent a 100-page report to politicians and regulators last week. Robert Kyle — recently named as the association’s executive director — says the report won’t be made […]

By Doug Watt |March 3, 2004

2 min read

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