Industry News

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Budget 2007: Some boosts for small companies

Families first Old age benefits A Conservative balancing act Tax planning, perks and hidden gems The share was not owned by anyone, other than the individual or a person or partnership related to the individual throughout the 24-month period preceding the disposition; Share is the stock of a Small Business Corporation (SBC – all or […]

By Philip Porado |March 19, 2007

5 min read

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Budget 2007: Old Age Benefits

The key changes mentioned in the budget include raising the age limit where Canadians have to convert their RRSP to a RRIF from 69 to 71; introducing the idea of phased in retirement, and a $1,000 increase to the age credit to $5,066. But by far the most popular measure was pension splitting, which was […]

By Mark Brown |March 19, 2007

5 min read

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(March 16, 2007) Canada’s national net worth reached $4.9 trillion by the end of 2006, or $150,500 per capita, Statistics Canada reported on Friday. National net worth expanded by $131 billion in the fourth quarter, up 2.7% and just off the pace set in Q3. National wealth grew by 6.7% in the year, compared to […]

By Staff |March 16, 2007

4 min read

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Sub-prime not an issue in Canada

A few weeks back, the talk of the land was China and its decision to slow its growth rate. Markets tumbled and then cautiously crawled higher. The latest concern is with the stability of the sub-prime lending market n the U.S., and markets have again begun to crumble. Canada was sideswiped by the first shock […]

By Mark Brown |March 16, 2007

4 min read

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(March 15, 2007) Canadians are retiring and cashing in on their pensions. While this shouldn’t be any surprise, it’s interesting to note that, to the end of the third quarter in 2006, benefit payments have increased 6% to $7.5 billion. Since 2004, pension benefits payouts have risen 7.5%. Between July and September 2006, pension plans […]

By Staff |March 15, 2007

4 min read

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February fund sales best in a decade: IFIC

Last month saw the highest level of fund sales for the month of February in a decade, with net new sales of $8.0 billion, boosting long-term fund assets to $633 billion, according to the latest data from IFIC. Total industry assets, including money market funds, climbed 1% to $680 billion. “It was really a booming […]

By Mark Noble |March 15, 2007

3 min read

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(March 14, 2007) An independent online security survey commissioned by TD Canada Trust that polled 1,500 of its personal and business banking customers across Canada found that customers are feeling less worried about the security of banking online than they were last year. When asked, only 14% of TD’s non–online-banking users said security concerns were […]

By Staff |March 14, 2007

3 min read

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The RRSP turns 50

Canada’s favourite retirement savings option, the RRSP, turns 50 on Thursday. It is probably no coincidence that 50 is the age of those in the middle of the boomer generation because, for the most part, the rise of the RRSP has paralleled the growth and wealth accumulation of the boomers. In 1957, then finance minister […]

By Mark Noble |March 14, 2007

3 min read

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(March 13, 2007) A Canadian study conducted by Info-Tech Research Group, on behalf of Symantec Corp., reveals that only 10% of executives believe Canadian businesses are fully prepared to conform to Bill 198’s compliance legislation. Ontario’s Bill 198 and its sister legislation in other provinces, passed to create a framework equivalent to the U.S. Sarbanes-Oxley […]

By Staff |March 13, 2007

4 min read

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Carbon market could be worth billions

Long before green became synonymous with the environment, it was known as the colour of money. The creation of an interprovincial system for trading carbon credits would allow it to represent both very nicely, according to a report out of CIBC World Markets. In fact, such a market for greenhouse gas emission credits would generate […]

By Steven Lamb |March 13, 2007

3 min read

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