SRO white paper recommends securities dealers be allowed to hire reps limited to selling mutual funds and ETFs
The new federal government wants to ensure some professional corporations are not used to reduce personal income tax obligations for high-income earners
The appeal for advisors is a lower tax rate on revenue
Proposed changes intended to modernize and streamline province’s securities legislation
Establishing a personal corporation would allow advisors to receive preferential tax rates
Ministers committed to moving forward on advisor incorporation
Ministers remain committed to on-going reform of Canada's securities regulatory system
An annual permit system is the most popular option
Are policy-makers moving in the wrong direction on incorporation?