Economy

Tax deduction reversal will hurt credit unions

The proposed scrapping of a key tax deduction will hamper the services of Canada's credit unions.

By Staff |March 22, 2013

1 min read

Budget accepted, but concerns linger

Last night's Budget was largely run-of-the-mill, but it has caused some concern for industry players.

By Staff |March 22, 2013

4 min read

Risky U.S. loan deals move forward

Two more U.S. lenders are supporting bonds backed by private home loans, also known as mortgage-backed securities, reports ft.com. JPMorgan Chase issued a $616 million bond. It limits how and when it will compensate investors if the underlying loans are fraudulent. Meanwhile, a $308 million bond by EverBank Financial is even riskier, says ft.com, because […]

March 22, 2013

1 min read

Federal Budget 2013: Closing Loopholes

Finance Minister Jim Flaherty delivered his eighth, and some say final, federal Budget on Thursday in Ottawa. 2013’s budget takes aim at deficit reduction, and shuts down some key tax advantages in an effort to generate revenue for Ottawa. Advisor.ca’s coverage includes a look at how the budget impacts advisors, the investments industry, seniors, small […]

By Staff |March 21, 2013

1 min read