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TD bank. stock photo

TD Bank cuts jobs as quarterly results reflect gloomy economic picture

Some cuts have already been made, while remainder will happen next year

Crypto money

Canadians less interested in crypto assets, survey finds

Financial advisors less likely to recommend investing in crypto assets this year compared to last year

Judge's gavel with magnifying glass on black.

Lawyers exempted from mandatory disclosure regime until Charter challenge decided

New regime requires every advisor involved in a reportable or notifiable transaction to make their own disclosure to the CRA

The 4% rule could be true in 2024

High bond yields and weak forecast for equities make conservative portfolios more attractive

House of commons

Changes to dividend deduction could impact financial products: report

The Liberals are moving ahead with a measure for financial institutions proposed in the 2023 budget

Scotiabank profits weighed down by bad loan provisions, layoff charges

Employee numbers were down about 1,500 from the previous quarter, about halfway to the bank's 3% reduction target

Light bulb

A five-step process for building trust

Financial advisors must understand their clients' motivations before shaping their behaviour

CRA signage

CRA announces prescribed rate for Q1 2024

Agency confirms the interest rate Canadians must pay on overdue tax will rise to 10%

Ottawa to introduce open banking legislation in 2024

Open banking could be a win for wealth managers

Light bulb

How to limit bias in investment decisions

Understanding a client’s motivations goes a long way to helping them achieve long-term goals

Piggy bank on calculator

TFSA limit rises to $7,000 for 2024, officially

Inflation has increased available contribution room for the TFSA

Feds propose underused housing tax relief

Changes would mean more owners of residential property are excluded from the UHT filing requirement, and reduced penalties for failing to file

credit card concern

Five new affordability measures in the Liberal government’s fall fiscal update

The government plans to lift federal taxes on psychotherapy and counselling

House of Commons in Ottawa

Freeland’s fiscal update pledges new guardrails to keep deficits in check

A slowing economy and high inflation mean the government has little room to operate

Feds sweeten tax incentive for employee ownership trusts

The first $10 million in capital gains realized on the sale of a business would be exempted under proposed change

magnifying glass

How dealers are managing advisor fees as costs rise

Firms are puzzling out how to balance significant overhead costs with advisor support

  • By: Katie Keir
  • November 21, 2023 November 21, 2023
  • 10:10
Disability sign, white wheelchair graphic on blue background

Ottawa begins consultations for Canada Disability Benefit

Experts want a straightforward eligibility criteria and clarity on provincial clawbacks

Various bonds rating from single C to AAA

High-yield bonds outperforming investment-grade this year: FTSE Russell

End of zero-rate era has “profound” implications for fixed-income strategy

Rocket ship launching

Frustrated fintech leaders call for progress on open banking

Improving competition in Canada's concentrated banking sector is one of the aims

announcement

Manulife Investment Management buys alternative credit manager CQS

Deal will allow Manulife to expand its credit offering with new strategies

  • By: IE Staff
  • November 15, 2023 November 15, 2023
  • 16:49

Wealth management division buoys Canaccord through another tough quarter

Inflation forcing some clients to withdraw assets to meet needs

CPP Investments head pitches Calgary business crowd on benefits of staying in CPP

CEO John Graham said the CPP offers the benefit of risk pooling and diversification

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife cuts 250 jobs in investment management division

Firm is the latest to trim staff as economic uncertainty weighs

Sun Life increasing focus on partnerships as part of expansion efforts

In Canada, wealth and asset management saw a 14% increase in profitability from a year earlier

father and son conversation

Fewer than 1 in 5 U.S. investors use parents’ advisors

Advisors can build intergenerational relationships to retain clients' children