Industry News

Romanow report viewed as positive for pension plan sponsors

(November 29, 2002) The Romanow report’s recommendations, particularly its suggestions for reducing the impact of drug costs and taking the financial burden of home care off employers’ shoulders, should be good news for pension plan sponsors, consultants say. Roy Romanow tabled his report on the future of healthcare in Canada yesterday. The report proposes that […]

By Anna Sharratt |November 29, 2002

4 min read

Industry

CAIFA/CAFP to amalgamate via special act of Parliament

(November 29, 2002) The amalgamation of Canada’s two biggest professional organizations for financial advisors has entered its final stage — the parliamentary phase. The Canadian Association of Financial Planners and Canadian Association of Insurance and Financial Advisors are uniting to form the Financial Advisors Association of Canada, which will be known publicly as Advocis. The […]

By Jim MacDonald |November 29, 2002

2 min read

Industry

Commons finance committee calls for higher RRSP/RPP limits

(November 29, 2002) The influential Commons finance committee says the federal government should raise annual RRSP and RPP contribution limits to $19,000. The House of Commons Standing Committee on Finance has held a series of pre-budget consultations and released its report to Finance Minister John Manley today. This is the committee’s contribution to the budget-making […]

By Jim MacDonald |November 29, 2002

2 min read

Industry

Romanow’s vision of healthcare challenged

Romanow says medicare system needs an extra $15 billion from Ottawa New taxes could pay for additional healthcare funding, Senate committee suggests Few clients save for a sick day, says survey of Canadian advisors Prescription for health: Healthcare financial planning solutions for Canadians Critical illness could lead to emergency financial planning for many Canadians Copayments […]

By Jim MacDonald |November 28, 2002

5 min read