Industry

Ontario regulator extends insurance exam deadline

(December 20, 2002) Ontario’s insurance regulator has granted a one-month extension to students trying to write their Level 1 exam before a new life licensing regime kicks in. The exams must be booked by the end of the year, but Ontario residents now have until January 31, 2003, to write the test. Advocis (formerly CAIFA/CAFP), […]

By Doug Watt |December 20, 2002

2 min read

Advisors compare and contrast RESPs on Talvest Town Hall

(December 20, 2002) School is out for the holidays but education was on the minds of several financial advisors in Advisor.ca’s online forum this week. The specific topic of class discussion in the Talvest Town Hall was Registered Education Savings Plans. Advisors penned responses to a C.D. Howe Institute report that argued RESPs do little […]

By Jim MacDonald |December 20, 2002

2 min read

The case for RESPs: Industry defends education savings plans

(December 19, 2002) The umbrella group representing Canada’s registered education savings plan providers has firmly rejected a call to scrap the popular program. The RESP Dealers of Canada says a report released last week criticizing RESPs is a step backward for the Canadian public. University of British Columbia associate professor Kevin Milligan called RESPs “needlessly […]

By Doug Watt |December 19, 2002

3 min read

Reform RRSP/RPP system to halt erosion, says C.D. Howe Institute

At a minimum, RRSP contribution limits should be raised to $17,500 for 2003, with full indexing in the future. The current limit is $13,500, or 18% of an individual’s income, whichever is less. Pension accruals under defined benefit RPPs should be substantially increased, in line with the increases in RRSP limits. The annual percentage limit […]

By Jim MacDonald |December 19, 2002

3 min read