Industry

Decorative pattern

Surplus to be used for tax relief

(October 7, 2005) The federal government has introduced legislation that would eliminate a long-standing policy to allocate all surpluses to reducing the federal debt. Instead, future surpluses would be equally split three ways, with extra funds used to cut personal income taxes, spend on social programs and trim the debt. The bill would affect any […]

By Doug Watt |October 7, 2005

3 min read

Decorative pattern

Clawbacks force earlier, poorer retirement: study

(October 6, 2005) Canadians who choose to retire later in life should not be penalized with clawbacks of government benefits, according to a report published today by the C.D. Howe Institute. Currently, these late-retirees are rewarded with higher pension payments from the CPP and Quebec’s QPP, but their income-tested Guaranteed Income Supplement (GIS) benefits are […]

By Staff |October 6, 2005

2 min read

Decorative pattern

Weak productivity putting living standards at risk: report

(October 5, 2005) Productivity is an issue likely to be on government agendas in the coming year. The Canadian economy has been one of the best industrial world performers in recent memory, but the country’s “remarkably bad” showing in the productivity arena will threaten the standard of living here if it is allowed to continue. […]

By Kate McCaffery |October 5, 2005

3 min read

Decorative pattern

OSC moves against Portus

(October 5, 2005) After months of investigation, the Ontario Securities Commission announced today that it has begun proceedings against Portus and has filed court charges against Boaz Manor, the hedge fund firm’s principal. In a statement released today, the OSC alleged that between January 2003 and August 2005, Portus Alternative Asset Management, Portus Asset Management […]

By Doug Watt |October 5, 2005

3 min read

Decorative pattern

Gold funds sparkled in September

(October 4, 2005) Commodity based investment funds again posted the largest returns in September, as the hurricanes slamming into the U.S. Gulf Coast sent investors scrambling for safety, according to the latest performance data from Morningstar Canada. While energy investments also did well, the best performance was in the precious metals sector, which surged 11.6% […]

By Steven Lamb |October 4, 2005

3 min read

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Help for the would-be entrepreneur

(October 4, 2005) A huge chunk of the Canadian workforce — nearly one million people — would like to start their own business. A recent RBC survey also shows that many aspiring entrepreneurs have expectations that are not necessarily in line with the reality of self-employment. It could be useful to arm yourself with the […]

By Kate McCaffery |October 4, 2005

3 min read

Decorative pattern

Fund sales continue winning streak

(October 4, 2005) The mutual fund industry’s strong run of sales during the summer months spilled over in to fall, with IFIC today reporting preliminary net sales of between $1.6 billion and $2.1 billion in September. August’s net sales were also around $1.8 billion and if the numbers hold up, this will be the best […]

By Doug Watt |October 4, 2005

1 min read

Decorative pattern

Briefly:

(October 7, 2005) Despite a three-day slide that knocked more than 500 points off the S&P/TSX Composite Index, the head of the exchange says U.S. investors should be trading in Canada, considering the relatively weak performance of the main American indexes this year. “At TSX, we run the stock exchanges where some of you have […]

By Staff |October 3, 2005

15 min read

Decorative pattern

Growing number of advisors selling bank products

(October 3, 2005) It’s no secret that banks are emerging as a real competitive force in the arena of investment fund sales. But it’s not necessarily advisors working in the bank channel who are driving that growth. The latest study from Credo Consulting, entitled Winning in the Advisor Ranks — Balancing the Art & Science […]

By Kate McCaffery |October 3, 2005

3 min read

Decorative pattern

IAFP conference update: Talking to the taxman

(October 3, 2005) As Ottawa looks for ways to reduce tax leakage on the income trust front, just a few blocks from Parliament Hill an intimate meeting of some 170 Registered Financial Planners were plotting ways to manipulate the current tax rules to ensure their clients pay the smallest tax bill. Financial planners and the […]

By Mark Brown |October 3, 2005

3 min read

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