Industry

Decorative pattern

Simplicity and clarity key when discussing estate preservation: Expert

Are you concerned? Are you concerned? Are you willing to re-allocate money into an environment you’ve probably never even heard about before, which is universal life insurance? Are you insurable? Once accepted by the client, the concept of re-allocation easily leads to taking inventory of the estate assets to be preserved, he said. Haisman created […]

By Art Melo |March 30, 2004

3 min read

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Briefly:

(April 2, 2004) Canadian homeowners have taken advantage of the low interest rate environment to cash out $29 billion in home equity, according to CIBC, using the cash to consolidate debt and renovate the home. Homeowners have also saved $7 billion more by renewing their mortgages at the low rates over the past two years. […]

By Staff |March 29, 2004

8 min read

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Tax refund shows poor planning, tax expert says

(March 29, 2004) Is your client getting a big fat tax refund this year? If so, they’re being too generous with Ottawa, according to Jamie Golombek, vice-president of taxation and estate planning at AIM Trimark Investments. “A refund is a sign that you’ve overpaid taxes,” he says. “By the time you get that refund in […]

By Steven Lamb |March 29, 2004

3 min read

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Alberta to introduce limited liability for trusts

(March 25, 2004) The Alberta government says it will introduce legislation this fiscal year to limit liability for income trusts investors. The pledge came in the province’s annual budget, tabled yesterday. Income trusts have become a significant part of Alberta’s business sector, the province notes, and are still gaining popularity. “Market opportunities for income trusts […]

By Doug Watt |March 25, 2004

2 min read

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Fund manager says trust rules are fine by her

(March 25, 2004) In a budget virtually bereft of surprises, the restrictions placed on pension fund investment in income trusts stands out for the investment community. While retail investors piled into trusts as a refuge from the bear market, pension funds patiently sat on the sidelines, awaiting legal clarification on the liability issue. Legislation was […]

By Steven Lamb |March 25, 2004

4 min read

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RESP promoters pleased with budget’s education incentives

(March 24, 2004) Canada’s RESP providers are welcoming Ottawa’s efforts to encourage low-income families to put aside funds for their children’s post-secondary education. In Tuesday’s budget, the federal government announcement the creation of a new Canada Learning Bond and said it would increase the Canada Education Savings Grant (CESG) for low- and middle-income RESP savers. […]

By Doug Watt |March 24, 2004

3 min read

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Raymond James taps Bailey as president

(March 23, 2004) Raymond James Ltd. has named Peter Bailey to the office of president, where he will oversee the firm’s private client and corporate services activities. Ken Shields will remain as CEO, but will lead the firm’s equity capital markets operations. “Peter is a perfect choice for this important role. He is widely respected […]

By Steven Lamb |March 23, 2004

2 min read

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Briefly:

(March 26, 2004) The Canadian Association of Income Funds (CAIF) is commending the Alberta government for its pledge to introduce limited liability for income trusts. In the provincial budget released earlier this week, Alberta said it would introduce the trust legislation this fiscal year. “This is an important decision by the Alberta government,” said CAIF […]

By Staff |March 22, 2004

5 min read

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Online insurance dealer supports brokers

(March 22, 2004) In an age where technology has revolutionized the financial services industry, there have been many positive developments, making life easier for the professionals in the field. But there has also been a downside, according to David Slabodkin, president of Canada Protection Plan (CPP). He says the direct sales model presented by the […]

By Steven Lamb |March 22, 2004

2 min read

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Commission splitting should remain restricted, IFB says

(March 22, 2004) The rules on commission splitting in the insurance industry should be eased, but restricted to those who are regulated financial services providers, says the Independent Financial Brokers of Canada (IFB). Earlier this year, the Canadian Council of Insurance Regulators (CCIR) released a concept paper on referral arrangements, floating the idea of either […]

By Doug Watt |March 22, 2004

2 min read

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