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stealing money

Closing arguments begin in trial of Sam Bankman-Fried

Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder

Building under construction

Ontario scraps its portion of HST on purpose built rentals

New policy will apply to new rental housing units such as apartment buildings, student housing and senior residences

Pension saving

CRA announces CPP max pensionable earnings for 2024

For the first time, a second earnings ceiling will be used to determine additional contributions

  • By: IE Staff
  • November 1, 2023 November 1, 2023
  • 11:12
CRA signage

CRA extends UHT return filing deadline until April

The second extension was announced on Tuesday afternoon

Newfoundland and Labrador projects $154-million deficit

The province will borrow up to $700 million more this fiscal year than it had anticipated in March

JPMorgan CEO Jamie Dimon selling shares of the bank for first time

The bank sought to reassure investors that the stock sale is not a matter of concern

  • October 27, 2023 October 27, 2023
  • 14:43

Financial advice from AI may be educational but not holistic, experts say

Hybrid model may provide better client outcomes

Eurotower in Frankfurt am Main before sundown

ECB halts rate hikes as war in Middle East casts shadow over economy

The central bank's pause on interest rate increases is the first in more than a year

announcement

Industry moves this week

Retirements sparked changes across some firms

  • By: Katie Keir
  • October 26, 2023 November 1, 2023
  • 14:14
business woman using tablet

What’s new in fintech?

New partnerships and integrations are making financial advice more efficient and client-focused

new label

iA Private Wealth approved for dual registration

Approval came nine months after the firm filed its initial application

  • By: Katie Keir
  • October 26, 2023 October 26, 2023
  • 12:56
Hong Kong money

Hong Kong cuts taxes for foreign home buyers, stock traders

Unveils plans to reduce stamp duty on stock transactions, saying a vibrant stock market is vital to upholding the city's status as a financial hub

Tax reduction and deduction for businesses and individuals. Concept with hand turning knob to low taxation rate. Return form, exemptions, incentives.

CRA to charge 10% interest on tax owing

The prescribed rate is set to rise in Q1 2024

Scotiabank says it will close eight branches across rural Newfoundland

Customers in affected communities requiring in-person banking services will have to go to other branches

Banks on money pile

Macklem warned premiers about dangers of putting BoC’s independence at risk

The exchange is the latest example of the heightened political scrutiny the BoC has faced post-pandemic

Premiers ask federal government for Covid-19 small-business loan extension

Additional year for repayment is requested

Skyline of the financial district

Poilievre calls on Ottawa to block RBC’s $13.5B takeover of HSBC Canada

The Conservative leader cited competition concerns

new label

Paris-based private investment firm opens Montreal office

Ardian has US$9 billion in AUM in Canada

  • By: IE Staff
  • October 19, 2023 October 20, 2023
  • 16:32

Desjardins lays off 400, but advisors unaffected

The announcement comes a day after Scotiabank said it was cutting 3% of its global workforce

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Canadians less satisfied with Big 5 banks: survey

Most respondents said the banks could do better at communicating about fees

  • By: IE Staff
  • October 19, 2023 October 19, 2023
  • 12:51
Scotiabank

Scotiabank cutting 3% of global workforce

Will cut about 2,700 staff and take $590M Q4 charge after tax

Board diversity improves, but journey not over: report

C-suite change is slow for women, Indigenous people and those with disabilities

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

Scotiabank, Sun Life form partnership for private investments

Scotiabank clients will get access to SLC's private asset strategies

Close up of businesswoman using calculator while going through financial bills.

“Pawns in this chess game”: Questions remain about CPA Canada split

The Ontario and Quebec organizations cited concerns about financial transparency regarding education programs

plan idea

CSA chair outlines projects, commits to “thoughtful” regulatory approach

Industry watchdogs can't "sit in an ivory tower" as they push for industry change, said Stan Magidson

  • By: Katie Keir
  • October 5, 2023 October 5, 2023
  • 16:15