Home News Industry News Page 27

Latest news in Industry News

Inspecting papers

Canaccord Genuity facing investigation into its wholesale market-making activities

“Significant penalty” could result from the investigation, company says

CRA signage

CRA releases new form for reporting beneficial ownership of trusts

Trustees must use Schedule 15 to report names, addresses and tax information numbers for beneficiaries

Businessman taking travel plan from a tourist agent at a tourist agency counter.

Investment advice seen as a key benefit of open banking: survey

Deloitte report suggests Canadians are likely to embrace new banking model once it goes live

  • By: IE Staff
  • June 30, 2023 November 10, 2023
  • 07:16

Do the math before using credit card loyalty points toward mortgages

At RBC, one-quarter of customers use points for mortgage, credit card payments

a man on a precipice

Feds release draft changes to pension rules for “unlocatable” members

Draft rules are intended to help administrators match beneficiaries with unclaimed pension benefits

Brookfield makes takeover offer for American Equity Investment Life Holding

Both companies said there was no guarantee that an agreement will be reached

Disability sign, white wheelchair graphic on blue background

Canada Disability Benefit Act receives royal assent

Benefit is meant to support working-age Canadians with disabilities, but details still to be determined

CRA signage

Expanded rules for mandatory tax disclosures are now law

Financial advisors may need to report more things to the Canada Revenue Agency

egg carton with one egg left

Tax reforms needed to Canada’s retirement regime: C.D. Howe Institute

Study argues for providing Canadians more retirement savings room, allowing OAS/CPP deferral after 70

Conflicted graph

Canadian investors maintain optimism despite knowledge gaps: Survey

Many consumers don't understand current market risks

Investment managers skeptical of rally in mid-year outlooks

A long-awaited slowdown may finally weigh on company earnings

Canada Parliament and Canadian Flag over blue sky.

Government benefits helped lower income households afford rising cost of living: PBO

Households had greater purchasing power in Q4 2022 than before the pandemic

House of Commons in Ottawa

Finance tables report reconsidering RRIF minimum withdrawal rates

Study examines whether assumptions that underlie RRIF withdrawal factors are still appropriate

U.K. recession fears mount after Bank of England hikes borrowing rates by more than expected

With inflation at 8.7%, monetary policy committee raised interest rate to 5%

CRA says trustees must report on contingent beneficiaries too

Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules

‘The best returns are just around the corner’: First Trust economist

A recession will probably arrive before the end of the year, but there could be advantages to staying invested

parliament hill

What Canada’s modern slavery law means for board disclosure

Ottawa is trying to prevent forced labour in supply chains through further transparency, an RIA conference speaker said

Cropped shot of an unidentifiable businesswoman

Canaccord CEO says recruitment, morale not damaged by failed takeover bid

The firm will look for ways to improve employee ownership in the business, Dan Daviau said

New Brunswick passes title protection legislation

Like Ontario and Saskatchewan, the province will restrict use of "financial planner" and "financial advisor"

  • By: IE Staff
  • June 19, 2023 June 19, 2023
  • 11:38

Liberals reject key Senate amendment to disability benefit bill

Senate opponents say they will support Bill C-22 even without the amendment

chips

Food inflation may be easing but prices won’t return to pre-pandemic levels, RBC says

Food prices have risen 18% over two years and prices will stay elevated due to shrinking herd sizes, wage growth and other factors

cryptocurrencies

Sam Bankman Fried could face 2 criminal trials, with prosecution on some charges delayed until 2024

Newer charges need approval from Bahamian authorities before proceeding in U.S.

advisor and client meeting

5 strategies to transition the family business

A report from the Family Entreprise Foundation offers ideas to prepare the next generation

  • By: IE Staff
  • June 15, 2023 June 15, 2023
  • 17:02
Eurotower in Frankfurt am Main before sundown

ECB hikes rates again and vows more after Fed hits pause

The quarter-point boost is the European Central Bank's eighth straight increase in interest rates