Industry

Briefly:

(December 24, 2004) Canadians receiving the Canada Pension Plan will receive a 1.7% increase in the new year, however Old Age Security rates will remain unchanged. The federal government adjust CPP rates annually and OAS rates quarterly. CPP rates are based on inflation over the last 12 months. The Guaranteed Income Supplement and Allowance programs, […]

By Staff |December 20, 2004

9 min read

Fair dealing designer leaves OSC

(December 20, 2004) Julia Dublin, the architect of the Ontario Securities Commission’s controversial fair dealing model, has left her position as the regulator’s senior legal counsel. Dublin hasn’t worked at the commission since the end of November, but her departure became widely known last week when the OSC hosted a going-away party for her. Rumours […]

By Doug Watt |December 20, 2004

2 min read

Ontario limits trust investors’ liability

(December 17, 2004) The Ontario government has finally passed legislation limiting liability for trust beneficiaries, as Bill 106 was given royal assent on Thursday, becoming the Trust Beneficiaries Liability Act. The move was immediately applauded by organizations representing publicly listed income trusts, as the theoretical liability issue was seen as a key obstacle to institutional […]

By Steven Lamb |December 17, 2004

4 min read

Don’t take the blame for fund scandals, advisor says

(December 17, 2004) Advisors should distance themselves from the recent mutual fund market timing investigations, says author and Toronto-based advisor John De Goey, since they were unaware of the practice. The Ontario Securities Commission effectively wrapped up its fund probe on Thursday, announcing settlement agreements with AGF, AIC, CI and Investors Group worth $156.5 million. […]

By Doug Watt |December 17, 2004

3 min read