News and resources for Canada's top financial advisors
Industry
North American advisors have enjoyed a substantial bounce back from the recession, with both asset levels and production reaching new highs by the end of 2010, according to a report from PriceMetrix. “The general health of the retail wealth management industry is improving. In many areas it has recovered from the downturn of 2008/2009 to […]
By Steven Lamb |February 22, 2011
2 min read
The Desjardins Financial takeover of Western Financial Group has hit a small snag, with one long-term fixed income holder recommending that others not sell their preferred shares. Crystalline Management Inc., portfolio manager of the Amethyst Arbitrage Fund, says it agrees that the offer made for common shares is fair, but suggests there are better alternatives […]
By Staff |February 22, 2011
1 min read
Increased optimism in Canada’s oil and gas sector means the number of IPOs and corporate transactions are expected to rise this year, according to Ernst & Young. This increased activity comes after a relatively slow 2010 that saw fewer but larger deals than 2009, with the value of transactions up 67% from 2009 at $35.7 […]
By Melissa Shin |February 22, 2011
Macquarie Emerging Markets Infrastructure Income Fund has completed its initial public offering.
By Vikram Barhat |February 18, 2011
Lobbying effort against the proposed national watchdog gets stronger as four provinces are now officially joining Québec and Alberta in opposing the federal government's plan.
Back at the December 2008 Canadian Tax Foundation Conference, the CRA announced it was preparing to audit loans secured with life insurance policies, also known as 10/8 plans.
February 18, 2011
Anyone wanting to voice their opinion on the regulations governing banks in the insurance business should speak up—the comment period closes March 4.The federal government rather quietly issued draft regulations that appear to give the stamp of approval to locating insurance branches near banking branches. Under the proposed regulations, Section 10 of the Insurance Business […]
By Steven Lamb |February 17, 2011
4 min read
Estate Planning
A heavy tax burden is a grave concern of surviving families as many Canadian family businesses owners take an approach to tax planning that is ‘too little, too late’, according to the Canadian results of PwC’s latest Global Family Business Survey. The study noted that the majority of Canadian family business owners are not fully […]
By Vikram Barhat |February 17, 2011
3 min read
Many Canadians wish they had started saving and investing earlier for retirement. After all, that’s one way to be a millionaire (read: Time is on the side of young investors). Yet again the looming RRSP deadline has triggered a bout of soul-searching as Canadians take stock of their financial footing. Going by the findings of […]
Subject to regulatory approval, National Bank Securities will shortly add four new corporate class portfolios to its Meritage Portfolios lineup. The new portfolios will allow investors to benefit from tax-deferred switching and compound growth in their non-registered accounts. The Meritage Portfolios invest in third-party funds selected using a quantitative approach known as the Select Rating […]
By Staff |February 16, 2011
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