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Industry
Back at the December 2008 Canadian Tax Foundation Conference, the CRA announced it was preparing to audit loans secured with life insurance policies, also known as 10/8 plans.
February 18, 2011
2 min read
Anyone wanting to voice their opinion on the regulations governing banks in the insurance business should speak up—the comment period closes March 4.The federal government rather quietly issued draft regulations that appear to give the stamp of approval to locating insurance branches near banking branches. Under the proposed regulations, Section 10 of the Insurance Business […]
By Steven Lamb |February 17, 2011
4 min read
Estate Planning
A heavy tax burden is a grave concern of surviving families as many Canadian family businesses owners take an approach to tax planning that is ‘too little, too late’, according to the Canadian results of PwC’s latest Global Family Business Survey. The study noted that the majority of Canadian family business owners are not fully […]
By Vikram Barhat |February 17, 2011
3 min read
Many Canadians wish they had started saving and investing earlier for retirement. After all, that’s one way to be a millionaire (read: Time is on the side of young investors). Yet again the looming RRSP deadline has triggered a bout of soul-searching as Canadians take stock of their financial footing. Going by the findings of […]
Subject to regulatory approval, National Bank Securities will shortly add four new corporate class portfolios to its Meritage Portfolios lineup. The new portfolios will allow investors to benefit from tax-deferred switching and compound growth in their non-registered accounts. The Meritage Portfolios invest in third-party funds selected using a quantitative approach known as the Select Rating […]
By Staff |February 16, 2011
1 min read
Becoming a millionaire might be more achievable than young Canadians realize, according to a TD Canada survey. Just a fist full of dollars a month, provided the saving starts early. The TD Canada Trust Millionaire’s survey, which polled 689 randomly selected Canadian adults aged 18-34, reveals young Canadians, despite having the power of compounding on […]
By Vikram Barhat |February 16, 2011
The curtain appears set to fall on the Norbourg saga, as all parties involved in the legal actions have signed a final agreement to pay $55 million to the victims of the fraudulent investment scheme. The settlement will be submitted to Superior Court Judge Andre Prevost on March 14, 2011, for approval. All Norbourg and […]
This past year has been interesting for financials. After the recession in 2008, bank rescues and profits led markets to recovery in 2009 as writedowns on bad loans began to slow and lending activity resumed.
By Andrew Zamfotis |February 16, 2011
Looking for a contrarian conversation starter to put in front of your clients? Try the sunny outlook for the U.S. economy, which may be positioned to outperform in 2011, according to Laurentian Bank. The U.S. economy has already recovered “all economic activity lost during the recession,” and is building upon that base, says Sébastien Lavoie, […]
By Steven Lamb |February 16, 2011
The Canadian Securities Administrators (CSA) is running an online contest that uses video, Facebook and Twitter tips to help youth get financially fit. The ‘Financial Fitness Challenge‘ will help youth increase their financial literacy, and offers a chance to win an Apple iPad or a grand prize of $2,000. The contest, which runs from February […]
By Staff |February 15, 2011
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