Industry

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Crunch time: Dealing with RRSP procrastinators

(February 25, 2005) The RRSP deadline is just a few business days away and it’s time to face up to those last-minute contributors. Investment habits might be changing, but every client base has its procrastinators. Branch managers are booked solid — Lisa Ball, regional manager of BMO Mutual Funds in Halifax is expecting big sales […]

By Kate McCaffery |February 25, 2005

3 min read

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Charities feeling slighted by Ottawa

(February 25, 2005) This week’s federal budget was billed as having something for everyone, but charities were left out in the cold. Still, Ottawa’s failure to act on charitable giving is no crisis, one expert says. Sector pundits had been hoping the budget could propose the outright elimination of capital gains tax on gifts of […]

By Heidi Staseson |February 25, 2005

3 min read

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Fund industry planning demise of clones

(February 24, 2005) Since the release of the federal budget Wednesday night, the fund industry has been scrambling to figure out how to deal with the proposed elimination of the foreign content rule and what it will mean for clone funds. “It’s a victory, [but] quite frankly, we were not expecting this to happen all […]

By Steven Lamb |February 24, 2005

5 min read

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Fund reps need to brush up on RRSP knowledge, survey suggests

(February 24, 2005) A significant number of mutual fund company representatives are providing incorrect information on RRSP contribution limits, according to a survey soon to be released by Dalbar. The research firm placed 123 calls to customer service representatives at 19 Canadian mutual fund companies. Only 60 were able to provide the basic RRSP contribution […]

By Doug Watt |February 24, 2005

2 min read

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M&A market bounces back in 2004

TD Bank Financial Group’s $4.9 billion takeover of Banknorth Group, the biggest transaction of the year; TD Bank Financial Group’s $4.9 billion takeover of Banknorth Group, the biggest transaction of the year; EnCana’s sale of UK assets to Nexen for $2.7 billion and takeover of Tom Brown for $3.6 billion; the proposed merger of Goldcorp […]

By Steven Lamb |February 23, 2005

2 min read

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Outstanding issues: What’s not in the budget

(February 23, 2005) For the first time in three years, the budget makes no mention of Tax Pre-paid Savings Plans and warns that a new proposal on interest deductibility is in the works. Feds scrap foreign content rule, raise RRSP limits Goodale surprises with something for everyone Going global: Investment community welcomes the elimination of […]

By Scot Blythe |February 23, 2005

2 min read

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Goodale surprises with something for everyone

(February 23, 2005) The federal government opened its wallet in Wednesday’s budget, committing billions of dollars in new spending in a wide variety of areas, include defence, the environment, social programs and tax relief. Ottawa estimates the tax measures, including an increase in the basic personal exemption and higher RRSP limits, will save Canadians $13.4 […]

By Doug Watt |February 23, 2005

3 min read

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Feds scrap foreign content rule, raise RRSP limits

(February 23, 2005) In a surprisingly bold stroke for a government presenting the first minority budget in 25 years, Finance Minister Ralph Goodale has opted to ditch the foreign property rule and raise the contribution limits for registered plans. While the 2005 budget has something for everyone — even gold bugs — the investor-friendly provisions […]

By Scot Blythe |February 23, 2005

5 min read

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Going global: Investment community welcomes the elimination of the foreign property rule

(February 23, 2005) The federal budget tabled Wednesday could result in a dramatic shift in Canada’s investment landscape, as foreign content limits for registered retirement plans were dropped altogether. Most investment industry experts agree the move represents an important opportunity for investors. "I think it’s very positive," says Don Reed, president and CEO of Franklin […]

By Steven Lamb |February 23, 2005

5 min read

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Changes cheered: Industry associations applaud budget initiatives

(February 23, 2005) The foreign content limit elimination left many industry association representatives with the same question: What’s going to happen to all those clone funds that were created to get around the foreign content restrictions? "I don’t know what the fund companies are going to do with all those clone funds now that they’re […]

By Philip Porado |February 23, 2005

3 min read

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