Industry

Advisors compare and contrast RESPs on Talvest Town Hall

(December 20, 2002) School is out for the holidays but education was on the minds of several financial advisors in Advisor.ca’s online forum this week. The specific topic of class discussion in the Talvest Town Hall was Registered Education Savings Plans. Advisors penned responses to a C.D. Howe Institute report that argued RESPs do little […]

By Jim MacDonald |December 20, 2002

2 min read

Industry

The case for RESPs: Industry defends education savings plans

(December 19, 2002) The umbrella group representing Canada’s registered education savings plan providers has firmly rejected a call to scrap the popular program. The RESP Dealers of Canada says a report released last week criticizing RESPs is a step backward for the Canadian public. University of British Columbia associate professor Kevin Milligan called RESPs “needlessly […]

By Doug Watt |December 19, 2002

3 min read

Industry

Reform RRSP/RPP system to halt erosion, says C.D. Howe Institute

At a minimum, RRSP contribution limits should be raised to $17,500 for 2003, with full indexing in the future. The current limit is $13,500, or 18% of an individual’s income, whichever is less. Pension accruals under defined benefit RPPs should be substantially increased, in line with the increases in RRSP limits. The annual percentage limit […]

By Jim MacDonald |December 19, 2002

3 min read

Industry

Déjà vu: Securities industry suffers second straight quarterly setback

(December 18, 2002) Canada’s brokerages saw reduced profits in the July-September period in a repeat performance from the previous quarter, according to the latest securities industry report from the Investment Dealers Association. Third-quarter profits suffered a double-digit decline compared to last year as revenues from nearly all lines of business fell. Quarterly profits tumbled 10% […]

By Doug Watt |December 18, 2002

2 min read