News and resources for Canada's top financial advisors
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(November 29, 2002) The influential Commons finance committee says the federal government should raise annual RRSP and RPP contribution limits to $19,000. The House of Commons Standing Committee on Finance has held a series of pre-budget consultations and released its report to Finance Minister John Manley today. This is the committee’s contribution to the budget-making […]
By Jim MacDonald |November 29, 2002
2 min read
Prescription for health: Healthcare financial planning solutions for Canadians Few clients save for a sick day, says survey of Canadian advisors New taxes could pay for additional healthcare funding, Senate committee suggests “The new money that I propose investing in healthcare is to stabilize the system over the short term and then to buy enduring […]
By Doug Watt |November 28, 2002
1 min read
New taxes could pay for additional healthcare funding, Senate committee suggests Romanow says medicare system needs an extra $15 billion from Ottawa (November 28, 2002) The Romanow commission report may cause the federal government to pump more cash into Canada’s medicare system but financial advisors still believe their clients should expect to pay for at […]
By Deanne N. Gage |November 28, 2002
3 min read
Romanow says medicare system needs an extra $15 billion from Ottawa Despite Romanow’s optimism, advisors recommend “defensive” healthcare planning (November 28, 2002) Roy Romanow’s prescription for improving the public healthcare system does not include innovations meant to encourage Canadians to plan for the financing of future medical costs. Romanow recommended more government funding for medicare […]
By Jim MacDonald |November 28, 2002
5 min read
(November 27, 2002) Mutual fund performance rates can be a useful tool when choosing investment products for clients, but those impressive long-term rates are elusive for the majority of Canadians who just don’t buy and hold, a study suggests. Only 6% of those invested in Canada’s 100 largest mutual funds managed to match or outperform […]
By Doug Watt |November 27, 2002
(November 27, 2002) It appears the Ontario government has done an about-face with respect to pension surplus distribution, announcing that it has frozen legislation that would have amended the Pension Benefits Act. The announcement came last week, shortly after the Ontario Court of Appeal released its decision in the Monsanto case, a ruling that effectively […]
By Anna Sharratt |November 27, 2002
(November 27, 2002) Emerging so-called “open-architecture” portfolio platforms will feed the demand for alternative investment products at the expense of mutual funds, especially among wealthy investors, according to the research firm FRC of Boston. The open-architecture platform focuses on the combined collection of products (the portfolio) rather than individual products themselves. It’s less about buying […]
By Jim MacDonald |November 27, 2002
(November 26, 2002) Canadians are worried about the bear market but still plan to contribute at least as much as last year to their RRSPs, a poll released today suggests. The Decima Research survey, conducted for Investors Group, found that 62% of investors are less enthusiastic about investing in the markets than they were 12 […]
By Doug Watt |November 26, 2002
You can find out how foreign currency funds can add value for your clients by listening to a replay of our foreign currency conference call. The call featured Alex Macdonald and Marcus Turner of Canada Life’s North American Investment Management Group. Listen in to find out how: The replay is available until Dec. 22, 2002. […]
By Staff |November 25, 2002
(November 25, 2002) A fledgling organization exclusively for holders of the Certified Financial Planner designation is generating a tremendous amount of interest, says the director of the Canadian Institute of Financial Planning. Although he wouldn’t reveal exact figures, Keith Costello says a recruitment drive for the new tentatively named Canadian Institute of Financial Planners (CIFPs) […]
By Doug Watt |November 25, 2002
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