Industry News

Briefly:

(January 9, 2007) Canadian governments are too reliant on personal income and business taxes and need to rebalance the tax system to make it more efficient through additional use of consumption taxes such as the GST, according to a new study released by the Fraser Institute. The study, which compared Canada’s mix of taxes to […]

By Staff |January 9, 2007

3 min read

Fundcos free to promote Morningstar ratings

Canada’s securities regulators have ruled that fund companies can advertise Morningstar’s popular star ratings system for mutual funds. The fund research company created its own set of ratings categories last year after withdrawing from the Canadian Investment Funds Standards Committee. Since Morningstar’s ratings are compiled from data that do not directly correspond to standard performance […]

By Doug Watt |January 9, 2007

2 min read

Briefly:

(January 8, 2007) AIC Limited has added two new products to its fund family: AIC World Financial Infrastructure Income and Growth Fund and AIC Global Premium Dividend Income Fund. AIC World Financial Infrastructure Income and Growth Fund is designed for investors who seek capital growth and exposure to companies active in the financial services sector […]

By Staff |January 8, 2007

3 min read

Trend of early RRSP withdrawals

A new survey from Scotiabank has found that 40% of Canadians have made an average of three withdrawals from their RRSPs and nearly half of those who have made at least one withdrawal do not intend to pay it back. Canadians taking money out of their RSPs withdrew an average of $18,000. Of those, 37% […]

By Kate McCaffery |January 8, 2007

3 min read