Industry News

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Briefly:

(May 8, 2006) The IDA has slapped a total of $63,000 in penalties, fee disgorgements and costs against on Larry Tobin for conducting business as a portfolio manager without being registered and engaging in discretionary trading. Tobin also admitted to trying to correct a trading error without reporting it, and failure to use due diligence […]

By Staff |May 8, 2006

4 min read

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Industry

New tax strategies for charitable giving

Charities and tax experts alike are excited by the new opportunities made available by changes announced in the federal budget. The move to completely eliminate capital gains tax on donations of publicly listed securities to charity — an area where many advisors still fear to tread with their clients — has launched charitable giving directly […]

By Kate McCaffery |May 8, 2006

4 min read

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Meritas takes unique approach with new income fund

Considering Jarislowsky Fraser’s long history and solid reputation in corporate governance and shareholder rights, it’s a bit surprising that the company had never been approached by one of Canada’s socially responsible investing fund firms. So you could argue that Meritas Mutual Funds — a small player in the mutual fund world with just $120 million […]

By Doug Watt |May 5, 2006

2 min read

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AIC hits the road

Jonathan Wellum is only on the fifth stop of a two-week, 11-city road show selling AIC’s two newest sub-advisors, yet the fund company’s chief investment officer’s voice was already hoarse as he addressed a small group of financial planners recently in downtown Toronto. It’s been a long trek for Wellum, but an even longer few […]

By Mark Brown |May 4, 2006

4 min read