Industry News

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FPSC marks 10 years, honours retiring leader

The Financial Planners Standards Council (FPSC) celebrated its tenth anniversary on Thursday night at the University Club in Toronto, taking the opportunity to honour its out-going president. Receiving the surprise award was retiring FPSC founding member and president, Donald J. Johnston. Johnston was presented with a trophy and his name will be the first to […]

By Heidi Staseson |January 27, 2006

5 min read

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SROs seek enforcement power

Lowering fees, reducing size and becoming more relevant and responsive to consumers were the main themes of the Current Issues in SRO Compliance conference in Toronto on Thursday, but it was a harsh rebuke by a large lobby and consumer advocacy group that left delegates fidgeting in their seats. The meeting was meant to be […]

By Mark Brown |January 27, 2006

4 min read

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Portus refund may need more time

The court appointed receiver for Portus Alternative Asset Management has released its eighteenth report — yes, there have been that many — and most need a program to identify all the players and to navigate the web of court cases they’re involved in. But underneath it all, observers want to know one thing: who was […]

By Mark Brown |January 26, 2006

4 min read

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Economic cycle close to

You have to admit, the past three years have provided a pretty good ride for Canadian investors. While energy, materials and financial stocks have rewarded Canadians for “staying home,” your clients probably shouldn’t become too complacent. Now could be the time to recall the old “buy low, sell high” maxim. “Canada is a cyclically oriented […]

By Steven Lamb |January 25, 2006

3 min read

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One time tax tips

Given all the tax changes advisors expect under the Harper administration, it’s easy to forget about the tax changes that will affect this year’s filings. This week, tax expert Evelyn Jacks walked a packed room of advisors and tax planners through a line by line assessment of the tax changes for 2005. Few are as […]

By Mark Brown |January 25, 2006

4 min read

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Taxes under the Tories

Advisors and tax planners are facing a number of new planning opportunities once the new minority government begins enacting election promises and proposed changes to the Income Tax Act. Two of the biggest Conservative promises include plans to essentially scrap capital gains taxes and to reduce the goods and services tax (GST). Although Liberal plans […]

By Kate McCaffery |January 24, 2006

3 min read

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Minority stalemate fears overblown: economists

There are likely few Canadians surprised by last night’s Conservative victory in the federal election, as polls had been predicting it from the start of the campaign. What may have come as a surprise, however, is just how small of a minority Stephen Harper finds himself leading. Last week there had been some predictions that […]

By Steven Lamb |January 24, 2006

5 min read

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Briefly:

(January 27, 2006) Mackenzie Investments has announced changes to the management of two of its funds, effective March 1, 2006. Jerry Javasky, head of Mackenzie’s Ivy Funds team, will become co-manager of Mackenzie Select Managers USA Capital Class. He will be joined by Alan Pasnik, vice president of investments and lead portfolio manager of Mackenzie […]

By Staff |January 23, 2006

17 min read

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Trust inclusion has proven unpredictable

There’s no question that the inclusion of income trusts into the country’s most closely watched index has had an impact on the benchmark, but the transition has proven far from predictable. When Standard & Poor’s announced it would include trusts in the S&P/TSX Composite, retail investors who had been driving trust performance reckoned it was […]

By Steven Lamb |January 23, 2006

4 min read

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Time running out for interest payments on spousal loans

With tax season upon us, clients who have loaned investment capital to a lower-income earning spouse should be reminded to collect the interest on that loan before January 30. Failure to do so means running afoul of the Income Tax Act’s Attribution Rules, which generally prohibit income splitting to spouses and common partners or minor […]

By Staff |January 20, 2006

2 min read

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