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Tiff Macklem

Canadian interest rates don’t have to match U.S. or global rates: Macklem

Forecasters widely expect the Bank of Canada to lower its policy rate in June or July

Federal Reserve building

Fed leaves interest rates at two-decade high

Board says inflation has remained stubbornly high in recent months

Tatiana Choi headshot

Ivey summer program aims to attract women to financial services

Undergrad's intimidation changed to interest with Women in Asset Management program

Capital gains tax changes not included in Freeland’s proposed budget legislation

The changes are expected to come in a separate piece of legislation

Signing bank documents

Don’t rush to sell assets due to higher inclusion rate, experts say

Determining how long the client was going to hold the asset is an important factor in the decision

Personal finances

CRA releases FHSA return for taxes owing

FHSA holders may trigger tax when they overcontribute or hold non-qualified investments

Feds to give CRA new powers to compel data from taxpayers

The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance

Personal finances

Renovating on a budget

Inflation, higher interest rates add to the financial challenges

Bank of Canada note

BoC officials split on when to start cutting rates, summary shows

Some members thought bank should take its time; others were concerned about keeping interest rates high for too long

Desjardins sells its shares in Fiera

Desjardins says the transaction "does not call into question our business relationship with Fiera"

CRA to charge 9% interest on overdue tax in Q3

Prescribed rate to dip as inflation eases

compliance

Budget softens mandatory tax disclosure regime

While financial advisors are still subject to the rules, the budget change could undermine lawyers' Charter challenge of the regime

Boardroom talk

First Nations on cusp of more self-sustaining project financing

Only a matter of time before equity deals on pipelines are announced, says RBC top exec McKay

Building graph

AIMCo’s balanced fund falls short of benchmark in 2023

Returns affected by high inflation and interest rates, geopolitics, chief executive says

CRA signage

Bare trusts still must file an underused housing tax return

April 30 deadline looms for 2022 and 2023 UHT returns 

Quebec raises amount of capital gains subject to tax

Move mirrors announcement from the federal budget tabled Tuesday

Underused housing tax to generate $694 million: PBO report

PBO said the costs to administer the UHT could "significantly reduce" revenue generated

Canadian flags in business district

Ottawa to force banks to label carbon rebate in direct deposits

Some banks, but not all, have amended their procedures

CIFP sues FP Canada for agreement breach, trade libel

Claim asks for $1.2 million in damages arising from dispute over regulator-approved credentials for title protection

TD bank. stock photo

TD’s Masrani hopes to tell shareholders more on anti-money laundering probe soon

TD working to fix anti-money laundering program, exec says

Successful mature indian businessman sitting on couch typing on laptop with wireless earphones. Mixed race businessman sitting on couch while working from home during video call. Happy multiethnic business man in casual clothing working on computer.

Virtual-only meetings erode shareholder democracy, group warns

Warning follows revised guidance from the CSA on virtual shareholder meetings

Tech industry warns capital gains proposals could cause ‘irreparable harm’

The federal budget is being met with disdain from Canada's innovation industry

Advisor tracking stocks

Tech roundup: U.S. software firm releases retirement planning tools

Also, Webull launches desktop platform

Budget extends Canada Child Benefit, sets up autoenrollment for RESPs

Government also allocates $60 million toward free financial advice

  • By: IE Staff
  • April 16, 2024 April 16, 2024
  • 18:57
Crypto coins

Canada to require cryptoasset reporting by 2027

Central bank digital currencies will be classified separately, but also have new reporting standards