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Canada Life acquires Investment Planning Counsel

IGM Financial, which sold IPC to Canada Life, has acquired a stake in Rockefeller Capital Management

Budget proposes tax changes to pension plan arrangements

Changes to the Income Tax Act are good news for employers with pension plans

RBC says it’s close to signing all Gluskin Sheff advisors

RBC will have exclusive distribution of Onex alts products under the DS and PH&N channels

inflation

BoC surveys show businesses, consumers gearing up for slowdown as economy softens

Businesses and consumers still expect inflation to remain above 2% until at least 2025

Home for sale with red and white real estate sign during the fall season. Fall season with leaves on ground. Front porch and windows in background. Residential neighborhood. Moving house, relocation concept. Realtor putting up signs.

Questrade launches FHSA

Other firms are rushing to set up back-office systems and internal procedures for the account

Money Laundering stock photo

Legal changes would require explanation for questionable wealth in B.C.

Civil forfeiture office could look for assets in names of trustees, partnerships family members

variety of euro coins and bills

Europe’s inflation eases to 6.9% as energy falls but food up

Despite the drop in Spain and the Netherlands, core eurozone inflation remains sticky

Aerial View of Downton Washington DC stock photo

A key inflation gauge tracked by the Fed slowed in February

U.S. CPI up 6% year over year

GDP Word Written In Wooden Cube reflection on black mirrow with money stack as graph in background stock photo

Economy grew 0.5% in January, Statistics Canada reports

BMO increases GDP growth estimate for 2023

home ownership

Why clients may have to wait for FHSAs

Firms are scrambling to set up back-office systems and internal procedures for the complex accounts

Biden calls to revive U.S. bank regulations

Potential changes include greater capital requirements and more aggressive regulatory supervision

FTX founder likely challenging new crypto charges, lawyer says

Earlier this week, a rewritten indictment charged Bankman-Fried with a new conspiracy count

ESG letters

ESG reporting expectations on suppliers growing: BDC

Big companies are under pressure from investors to detail environmental, social and governance factors

stock market

U.S. revises down last quarter’s economic growth to 2.6% rate

The downgrade was slight, but consumer spending was down sharply

CRA announces increase in prescribed rate for Q2 2023

Rate to rise for the fourth consecutive quarter

Two happy carpenters shaking hands with senior customer after successful agreement in a workshop.

Employee ownership trusts introduced, but with no incentives

Advocate suggests EOT legislation, as proposed in the 2023 federal budget, will not lead to increased employee ownership

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

Liberals go after predatory lending

In another measure aimed at vulnerable Canadians, the CRA will pilot automatic tax filing in 2024

responsible investments fossil fuels oil and gas energy sector

Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

The credits are for investments in clean electricity, clean-tech manufacturing and hydrogen

Pile of cryptocurrency coins

Government moving to increase oversight of bank, pension exposure to crypto

Proposed changes look to tighten financial oversight

Skyline of the financial district

Government proposes changes to financial institutions’ dividend deduction

The proposal follows the surtax and recovery dividend introduced in last year's budget

Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron. Cafe staff sitting together looking at expenses and bills. (Man and woman sitting in cafeteria discussi

Budget 2023 shuts down loopholes left in Bill C-208

Budget 2023 proposes changes to framework of intergenerational business transfers

parliament hill

Federal budget 2023 includes $59.5B in new spending, looks to increase revenue

Tax measures are aimed at wealthier individuals and corporations

Shot of a senior woman in a wheelchair being cared for a nurse

Government proposes including siblings in definition of ‘qualifying family member’ for RDSPs

Tuesday's budget also proposes extending a measure that was set to expire this year

Canadian Parliament in Ottawa

Feds boost limit on allowable EAP withdrawals from RESPs

Budget 2023 also proposed changes to allow divorced or separated parents to open joint RESPs

Rideau Canal in Ottawa with view of Parliament buildings

Feds to overhaul alternative minimum tax in bid to target top earners

The proposed changes take aim at deductions, credits and other tax strategies