Industry

RRSP contribution tips for your clients

For some clients, contributing to their RRSP is harder to do than visiting the dentist. Last year Canadians used just 7% of the total room available to eligible tax filers, despite a record 6.2 million Canucks contributing. Why aren’t people saving more? Because Canadians like their stuff. “It doesn’t come as second nature to go […]

By Bryan Borzykowski |January 29, 2008

3 min read

Industry

Ex-AGF managers land at Sprott

Charles Oliver and Jamie Horvat, the award-winning resource fund managers who recently left AGF Funds, have been hired by Sprott Asset Management (SAM). The firm’s president and CEO, Eric Sprott, told Advisor.ca that the two have been brought on to take over the portfolio duties of chief investment strategist John Embry. Oliver and Horvat resigned […]

By Mark Noble |January 29, 2008

3 min read

Industry

On The Shelf:

(January 28, 2008) Guardian Group of Funds is getting more entrenched in the T-class craze. The company revealed on Monday that it is launching new T-class mutual funds. The funds, says GGOF, will “provide investors with more options for regular, predictable cash flow with greater tax efficiency.” Investors will be able to choose between a […]

By Staff |January 28, 2008

2 min read

Industry

Briefly:

(January 28, 2008) Finally, some good news for the markets. The Scotiabank Commodity Price Index Report reveals that oil, potash, gold and wheat all reached new record highs in early 2008. Gold prices broke records when bullion hit $913 per ounce in mid-January, while potash leapt from $265 per tonne in November to $302.50 in […]

By Staff |January 28, 2008

1 min read

No record-breaking numbers for equity issuance

It will come as no surprise to anyone following the markets, but equity issuance was down in Q3 after two record-breaking quarters. The Investment Industry Association of Canada reveals in its New Issues & Equity Trading report that total financings in 2007’s third quarter were down 47.7% over those of the previous quarter. It’s the […]

4 min read

AGF loses pair of award-winning managers

Charles Oliver and Jamie Horvat, managers of a number of AGF mutual funds including the award-winning AGF Precious Metals Fund, resigned on Friday. AGF Funds said the pair will be replaced by their mentor, AGF Management’s vice-chairman W. Robert (Bob) Farquharson. AGF Funds’ president, Randy Ambrosie, would not disclose why the pair left, other than […]

By Mark Noble |January 28, 2008

4 min read

By The Book: One step closer to passport

The Canadian Securities Administrators has published a notice implementing the regulatory passport system, which streamlines nationwide access to the capital markets. The notice outlines the new rule, which will result in the full implementation of Multilateral Instrument 11-102 Passport System, slated to take effect March 17, 2008. “The passport rule, together with the national policies, […]

By Staff |January 25, 2008

2 min read

Briefly:

(January 25, 2008) The Canadian Revenue Agency is urging Canadians who plan to file their tax returns electronically to keep their tax records on hand in case they are contacted by the CRA. Taxpayers must hold on to tax records, such as receipts, even after they’ve received their income tax assessments. The CRA says some […]

By Staff |January 25, 2008

2 min read

When it comes to RRSP investing, stick to the plan

With recent market turbulence, clients may be having second thoughts about investing their RRSP contribution. Seasoned advisors say today’s markets provide a great way to demonstrate to clients the value of the long-term financial plan you have created. Even the worst down-market can’t take away the immediate tax deduction. Nevertheless, Kim Buitenhuis, vice-president of marketing […]

By Mark Noble |January 25, 2008

4 min read