For the first quarter of 2025, the interest rate that the Canada Revenue Agency charges on late tax payments will drop, relative to the two previous quarters. Get the details about the rate and how it’s calculated.

Almost 1,500 investors missed out on over $1 million in Canada Education Savings Grant payments after Royal Mutual Funds Inc. failed to request them, according to a settlement with regulators. The firm admitted it didn’t have adequate controls in place, between October 2001 and May 2021, and has since fixed the issue.

In the independent channel’s fierce race to capture market share, Canaccord Genuity Wealth Management is among the firms blowing past key thresholds and setting lofty goals to blow past more. We spoke to the CEO of Canaccord Genuity Corp. about the firm’s plans to grow its wealth management business.

According to the results of the annual investor survey commissioned by the Investment Funds Institute of Canada, clients are still challenged to understand the fees they pay. While most respondents said the way fees were presented on CRM2 statements was good or excellent, only 19% said they were “very confident” they knew how much they were being charged in MER fees. Advisor or dealer fees were slightly clearer, with 23% of respondents reporting they were very confident they understood those fees. Add in the response of “somewhat confident,” and those figures each rise to 67%. Respondents who had a good relationship with their advisors were more likely to be confident about their knowledge of fees.