Industry

Decorative pattern

Tax and clawback thresholds raised for 2004

(December 23, 2003) In its annual adjustment of tax brackets and credits, the federal finance department is raising the thresholds 3.3% to account for inflation. The federal government is also phasing in the last of its five-year tax reduction plan announced in the 2000 budget. That means the threshold for the 22% tax bracket will […]

By Scot Blythe |December 23, 2003

1 min read

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Briefly:

(December 24, 2003) In the spirit of the season, CIBC senior economist Avery Shenfeld is showing off his creative side, penning a financial version of the classic Christmas poem, “Twas The Night Before Christmas.” Twas the night before Christmas And all through the House Not an MP was stirring Nor a new same-sex spouse Paul […]

By Staff |December 22, 2003

5 min read

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MFDA launches fund trading probe

(December 22, 2003) Citing concerns about investor confidence in the Canadian mutual fund industry, the MFDA is asking its 200 members to provide information on their fund trading policies and procedures. The moves comes in the wake of a series of investigations into late trading and market timing abuses in the U.S., which have resulted […]

By Doug Watt |December 22, 2003

2 min read

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Don’t panic over privacy legislation, says Advocis

(December 19, 2003) It won’t take a lot of extra effort for ethical advisors to comply with the federal government’s new privacy requirements, according to the country’s largest association of professional advisors. Advocis has released a paper on the legislation in an attempt to explain how it will affect advisors’ business. “This appears to be […]

By Doug Watt |December 19, 2003

3 min read

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Wise persons’ report gets mixed reviews

(December 18, 2003) Ontario’s new finance minister says the province is in favour of a national securities regulator. But Greg Sorbara stopped short of explicitly endorsing yesterday’s wise persons’ committee (WPC) report, which recommends setting up a new Canadian Securities Commission. “We fully support the notion of a single securities regulator in Canada,” Sorbara said […]

By Doug Watt |December 18, 2003

3 min read

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Income trust liability to be limited

(December 18, 2003) When Ernie Eves called this past fall’s Ontario election, he killed a bill that would have limited the liability of income trust unitholders. Many analysts said then that the theoretical unlimited liability was the reason the trust sector had not yet fully developed. Pension funds, for instance, had not invested in trusts […]

By Steven Lamb |December 18, 2003

2 min read

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Federal committee calls for single national securities regulator

(December 17, 2003) It’s time Canada moved to a single national securities regulator, based in Ottawa but with strong regional representation. That’s the conclusion of the federally appointed wise persons’ committee (WPC), set up to review Canada’s fragmented regulatory system. In a much anticipated report released today, the committee said that Canada suffers from “inadequate […]

By Doug Watt |December 17, 2003

5 min read

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Debunking the

(December 16, 2003) With late December becoming ever-more hectic, most clients would rather not worry about their taxes until the New Year. There’s simply too much to get done — besides the government gives them a whole 60 days to finish making tax arrangements, right? That’s not necessarily the case. Sure, your clients have that […]

By Steven Lamb |December 16, 2003

2 min read

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CSA proposes enhanced enforcement powers for regulators

(December 16, 2003) Nearly two years in the making, draft legislation proposing uniform securities laws that would apply across the country was released today by the Canadian Securities Administrators (CSA), the umbrella group for Canada’s provincial and territorial securities regulators. The draft contemplates stiffer penalties for securities law offenders and would give regulators the power […]

By Doug Watt |December 16, 2003

3 min read

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(December 19, 2003) Eighty-nine per cent of Canadians plan to contribute at least as much to their RRSP for 2003 as they did for the 2002 tax-year, according to a survey by Manulife Investments. The same survey found that 43% of respondents work with a financial advisor or planner. Households with income over $70,000 were […]

By Staff |December 15, 2003

6 min read

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