Latest news in Industry News

CRA announces TFSA limit for 2023

Inflation leads to big jump in tax bracket thresholds as well

Pile of cryptocurrency coins

Despite FTX crisis, it’s not the end for the crypto sector, says industry insider

Investors likely to become more conservative: Ether Capital CEO

How to talk to young clients about life insurance

The younger you are, the more affordable the coverage is

The directory sign with company names at entrance of Brookfield Place in downtown Toronto. stock photo

Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO

Founder Schwartz remains chairman of private equity firm with US$47B in AUM

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

New taxation formula for ETFs to take effect this year

ETF investors' tax bills for the 2022 tax year could be higher than under the previous formula

FTX Arena in Miami, FL, USA. stock photo

Embattled crypto exchange FTX files for bankruptcy

Founder Sam Bankman-Fried has resigned as CEO, Binance backed out of acquisition deal

  • By: Ken Sweet
  • November 11, 2022 November 11, 2022
  • 12:46
EU and UK flags

EU expects recession to hit this year, U.K. GDP drops in Q3

Britain’s GDP dropped 0.6% in September while recession will start in Q4 for most EU nations

Canada Pension Plan Investment Board sees net assets grow by $6 billion

Fund returned 0.2% in the quarter, -4% net return for six months

U.S. authorities investigate crypto exchange FTX

DoJ, SEC are examining the firm for criminal activity, securities violations

Inflation causing price rising up, overvalued stock or funds, consumer purchasing power reducing concept, air balloon tied with product price tag flying high rising up in the sky.

New Brunswick’s budget surplus balloons above spring estimate

The province projects an increase of $739 million over the figure forecasted in March

CI to delist from NYSE as part of planned U.S. wealth IPO

The firm also plans to migrate $14 billion of Aligned Capital assets to its in-house custody platform

Group of cheerful government representatives working on development of society and discussing policy at meeting

Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem

Policies to promote an increase in workers would help, the Bank of Canada governor said

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

Manulife earnings slip on market performance, hurricane costs

Net inflows in retail wealth management dropped by 87%

Brookfield reports Q3 profit down, revenue up

Shareholders approved plan to spin off asset management business

Pile of cryptocurrency coins

Cryptocurrencies plunge as Binance scraps deal for rival FTX

Bitcoin down 12%, Ethereum down 13%

  • By: Ken Sweet
  • November 9, 2022 November 9, 2022
  • 16:57
gavel on a laptop

BMO takes $1.1 billion provision on U.S. Ponzi scheme ruling

Bank to appeal US$564M jury award arising from $3.65B scheme

father and son conversation

Tips for two tough conversations with clients

Care needs, living benefits were topics at IFB’s fall summit

iA reports lower profit in Q3

Retail fund sales remained positive as customers sought cash-equivalent products

  • By: IE Staff
  • November 9, 2022 November 9, 2022
  • 12:12
parliament hill

Mandatory tax disclosure reprieve likely only temporary

The government is delaying implementation of rules that could affect advisors whose clients use aggressive tax planning

Pile of cryptocurrency coins

Crypto exchange Binance to buy rival FTX in apparent bailout

The deal would make Binance an even more dominant player in the cryptocurrency industry

  • By: Ken Sweet
  • November 8, 2022 November 8, 2022
  • 14:52

Taxing corporate share buybacks unlikely to boost investment in operations: experts

Corporations could choose to reward shareholders through dividends instead

disability services

Disability benefit search tool launched by Prosper Canada

The new feature accompanies an existing benefits search tool

  • By: IE Staff
  • November 8, 2022 November 8, 2022
  • 13:10

Nicola Wealth buys Levine Financial Group

Toronto-based firm provides insurance products and services to doctor clients

  • By: IE Staff
  • November 8, 2022 November 8, 2022
  • 11:12
foreign country with stock market data

TMX Group signs deal to buy Boston-based Wall Street Horizon

WSH provides information such as earnings dates, dividend dates and options expiration dates

FHSA, other tax proposals tabled in House of Commons

Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more