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Industry
New OSFI guidelines related to outsourcing appear, at a glance, to be privacy- and risk management-related. They are, but a closer look shows that Draft Guideline B-10 is practically a how-to business manual for managing outsourced business activities, functions and processes. Fortunately for many in the industry, the guideline issued by the Office of the […]
By Kate McCaffery |December 10, 2008
4 min read
If there’s one good thing about how drastic the market declines have been, it’s that there are unlikely to be many more unpleasant surprises, a panel of experts assembled by the CFA Institute argued. But there are still a few problem areas they have their eyes on. Gillian Tett, assistant editor of the Financial Times, […]
By Mark Noble |December 9, 2008
The Canada Revenue Agency has announced details of the tax rates and deductions that will be in effect for 2009, based on consumer price index data as reported by Statistics Canada. The basic personal amount rises from 2008’s level of $9,600 to $10,100 for 2009. The age amount creeps higher by $132 to $5,408. The […]
By Staff |December 9, 2008
2 min read
The Canadian real estate market is entering a cyclical downturn but should avoid the cataclysmic devaluation seen in the U.S., according to a report from RBC Economics. “Many of the factors that triggered the collapse in the United States are either absent or of much lower significance on this side of the border,” said Robert […]
By Staff |December 8, 2008
Robert Rizzuto, CFP, CLU, CH.F.C. Paul Mulvihill, CFP, CLU, CH.F.C. Betty Anne Howard, CFP, CLU Caron Czorny, FLMI, CFP, CLU, CH.F.C. Mark Colosimo, CFP, CLU, CH.F.C. Ian Colborne, CFP, CLU, CH.F.C. Cindy Bowden, CLU, CH.F.C. Garth Bennett, CFP, CLU Garth Bennett, CFP, CLU Cindy Bowden, CLU, CH.F.C. Ian Colborne, CFP, CLU, CH.F.C. Mark Colosimo, CFP, […]
By Staff |December 5, 2008
3 min read
Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]
By Kate McCaffery |December 5, 2008
9 min read
Mutual fund manufacturers are always in search of sticky assets. Lately they have been hard to find, as record volatility unleashes substantial reductions. That doesn’t mean new money isn’t coming in. But fear keeps a lot of it on the sidelines. Unless you’re working on autopilot. That’s what employer-sponsored plans do: Group RRSPs, defined contribution […]
By Scot Blythe |December 5, 2008
(December 4, 2008) Despite numerous warnings and audit actions, the Canada Revenue Agency says taxpayers are still participating in tax shelter gifting schemes. The agency has already denied $2.5 billion in claimed donations, and it’s vowing to audit all tax shelter gifting arrangements going forward. Currently over 65,000 taxpayers who participated in these schemes have […]
By Staff |December 4, 2008
Independent Financial Brokers of Canada (IFB) is “outraged” at Dundee Wealth Management, for dealership policy it recently announced that will ban advisors from using external managing general agencies to conduct new insurance business. The new policy, which was announced in September and goes into effect in January, will require Dundee advisors to process all new […]
By Mark Noble |December 4, 2008
Insurance Tax Tax Insurance Continuing Education Special Reports (Of course, we’ll continue to bring you the breaking news, practice and investment articles you’ve come to rely upon.) Expanded coverage Our readers who are compliance officers or work in the distributor channel have asked us for coverage of their areas of expertise. We listened. We now […]
By Deanne Gage |December 4, 2008
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