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split money

Regulators consult on paying out disgorged money

Industry and investor advocates welcome OSC and CIRO proposals

emissions from smoke stack

Banks’ efforts to cut financed emissions hit hurdles

Net-zero pledges are contingent on factors banks can’t control, research found

receiving taxes owed

Proposed CRA audit powers sound alarms

If proposals pass, CRA can impose harsh new penalties and compel taxpayer testimony under oath

Sun Life logo on a building

Sun Life earns $1.35 billion in Q3

The insurer had $1.51 trillion in AUM on Sept. 30

Al Jones

Advocis chairman plans for greater board bench strength

Al Jones exemplifies association’s focus on community, promises consumer advocacy

School exam student's taking educational admission test in class, thinking hard, writing answer in university classroom, education and world literacy day concept (School exam student's taking educational admission test in class, thinking hard, writing

Proposal to raise reps’ education gets mixed feedback

Industry support is broader for proposed exam-based model

Manage capital gains tax changes as year-end approaches

High-net-worth and incorporated clients look for guidance on complex changes

old way, new way

Rulebook rewrite sparks pushback

Industry at odds with CIRO’s proposals on maximum penalties and dispute resolution

woman with umbrellas protecting money

Avoiding double taxation when an incorporated client dies just got easier

Proposal would give executors more time to implement loss carryback strategy

AI technology

Can AI boost market returns?

Gaining an investment edge with large language models is no simple feat

Agreement win-win

IA Financial buys 2 blocks of U.S. business from Prosperity Life

Blocks include over 115,000 policies worth more than US$100 million in premiums

Tanya van Biesen

VersaFi CEO wants to make finance sector more inclusive

Women in Capital Markets rebrands to reflect sector’s growing diversity and complexity

digital investing

Can regulators keep up with AI?

North American regulators exploring risks and opportunities

woman talking on the phone

Deepfakes pose growing threat to financial industry

Identity validation and trust are at risk amid regulatory challenge

donation tax credit

Budget measures force donors to revisit estate plans

Changes to capital gains inclusion rate, AMT require updated strategy

Grant Vingoe, CEO of the Ontario Securities Commission. Photo by Paul Lawrence

OSC has conflicts of interest in its crosshairs

Newsmaker: CEO Grant Vingoe also wants to see binding decision-making authority for OBSI

stock market down

Short-selling consultation comes up short

Reaction to CIRO’s proposed changes is sharply divided

cryptoassets regulation

Crypto: Only for alt funds?

Industry pushes back on proposed restrictions on crypto holdings

pot hole bad roads

Seg funds struggled through another difficult year

Segregated Fund Families ranking shows active management paid off in fixed income, and tech gains dominated equities returns

Dave-Kelly

New COO tackles ambitious goals

Newsmaker: With Dave Kelly as chief operating officer, Richardson Wealth aims to reach $100 billion in AUA and 50% women advisors over the next few…

FSRA’s proposed guidance on life agent suitability a good first step

Industry and advocates say more work is needed

confusion

Why advisor E&O insurance premiums are rising

A slower economy, inflation, higher legal fees contribute to increased rates

see-saw with king chess piece and pawns

Binding dispute resolution a bitter pill for industry to swallow

CSA’s proposal to empower OBSI elicits wave of criticism

House of Commons in Ottawa

Budget 2024: Looking for direction

The federal government will table the budget on April 16. Meanwhile, key tax issues, such as the AMT, have yet to be resolved

technological developments

The good and the bad of MGA tech support for advisors

Some advisors reported challenges when MGAs were intermediaries and required to coordinate with large insurers