Industry News

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Tallying up the Tories’ tax promises

Offering employers up to $10,000 for each new child care space created for employees. Introducing a monthly transit pass tax credit. This would be similar to the $500 employment expense deduction that was eliminated a few years ago, which was an acknowledgement by the tax system of the cost of going to work. Exempting the […]

By Mark Brown |February 9, 2006

2 min read

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Tax cut seen boosting charity gifts

Experts in the charitable giving field are hopeful that the Conservative government of Stephen Harper will follow through on a promise to eliminate capital gains taxes on equity donations. Such a move would have a huge impact, according to a report penned by Don Drummond, chief economist at TD Bank Financial Group. Dubbed a “sleeper […]

By Steven Lamb |February 9, 2006

2 min read

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Planner progress

(February, 2006) Much of the industry has embraced the CFP designation, but there’s still room for improvement. The Financial Planners Standards Council (FPSC) has come a long way from being known as “just two people and a fax machine.” The organization recently celebrated its 10th anniversary and with that milestone, FPSC president Donald Johnston has […]

By Deanne Gage |February 8, 2006

3 min read

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Raise inflation projections for retirees, planner recommends

It’s a question advisors have debated for years: What’s the appropriate rate of inflation when creating financial plans for clients? At least one planner believes inflation assumptions are too low, particularly for retirees. Peter Baigent, CFP, head of Kelowna,B.C.-based Money Minders Software, concedes there are logical arguments for both sides of the inflation question. Some […]

By Doug Watt |February 8, 2006

2 min read

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Not all giants are the same

When an advisor suggests exposure to the booming Asian economy, most clients will automatically think of China. Mention technology, they may think of the hardware capitals like Japan or Korea. But if you’re looking for a high-tech service sector, India could be the place to be. Investors are often tempted to compare India to China, […]

By Steven Lamb |February 8, 2006

3 min read

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Seamark reports weaker 2005 profits

Seamark Asset Management earned $11.2 million in 2005, down from $13.2 million the previous year, as the Halifax-based firm stayed true to its traditional stock-picking approach and lost a major institutional client. “Over the past few years, our investment style has been somewhat out of favour in the marketplace and our assets have suffered,” said […]

By Doug Watt |February 7, 2006

2 min read

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Estate planning: helping families choose the right executor

An advisor working with a client on the decision on whether to use a professional executor or a family member to handle the estate faces a list of pros and cons for either option. And there are potentially hazardous consequences if the advisor accepts the role as a professional favour. “A man’s dying is more […]

By Al Emid |February 7, 2006

3 min read

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Briefly:

(February 10, 2006) The elimination of the foreign property limits on registered accounts has turned into a boon for foreign debt issuers, according to RBC Capital Markets. “Issuers are looking to Canada to get international bond deals done,” said Larry Bates, RBC Capital Markets’ head of debt capital markets in Canada. “For the first time […]

By Staff |February 6, 2006

13 min read

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Canadian market sets new issuance record

The Investment Dealers Association of Canada (IDA) has declared 2005 “another banner year” as new equity issuance topped $48.9 billion in Canada, breaking last year’s record by 2.5%. Not only was there plenty of new issuance, but also brisk trade. Total volume on the TSX hit $17.7 billion in value for the fourth quarter, up […]

By Steven Lamb |February 6, 2006

2 min read

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Insurance, banking lobbyists line up

The new Conservative government was sworn in at 11 a.m. this morning and industry forces are already vowing to lean hard on Jim Flaherty, the country’s new Finance Minister. Days before Stephen Harper was sworn in as the 22nd prime minister by Governor General Michaelle Jean at Rideau Hall in Ottawa, reports in the Globe […]

By Kate McCaffery |February 6, 2006

3 min read

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