News and resources for Canada's top financial advisors
Industry
(October 14, 2005) Canadian Trading and Quotation System (CNQ) plans to launch its own alternative market early next year, for trading in securities listed on the TSX. The new market, which will be separate from CNQ’s own listed market of small-cap companies, will provide a low cost alternative to trading on the TSX, CNQ said […]
By Staff |October 11, 2005
11 min read
(October 7, 2005) Jamie Golombek says advisors should be aware of a number of court cases that will affect future tax planning. The tax expert was speaking on Thursday at AIM Trimark’s annual road show in Toronto. Two cases, Eugene Kaulius, et al. V. Her Majesty the Queen, and Her Majesty the Queen v. Canada […]
By Kate McCaffery |October 7, 2005
3 min read
(October 7, 2005) The federal government has introduced legislation that would eliminate a long-standing policy to allocate all surpluses to reducing the federal debt. Instead, future surpluses would be equally split three ways, with extra funds used to cut personal income taxes, spend on social programs and trim the debt. The bill would affect any […]
By Doug Watt |October 7, 2005
(October 6, 2005) Canadians who choose to retire later in life should not be penalized with clawbacks of government benefits, according to a report published today by the C.D. Howe Institute. Currently, these late-retirees are rewarded with higher pension payments from the CPP and Quebec’s QPP, but their income-tested Guaranteed Income Supplement (GIS) benefits are […]
By Staff |October 6, 2005
2 min read
(October 5, 2005) Productivity is an issue likely to be on government agendas in the coming year. The Canadian economy has been one of the best industrial world performers in recent memory, but the country’s “remarkably bad” showing in the productivity arena will threaten the standard of living here if it is allowed to continue. […]
By Kate McCaffery |October 5, 2005
(October 5, 2005) After months of investigation, the Ontario Securities Commission announced today that it has begun proceedings against Portus and has filed court charges against Boaz Manor, the hedge fund firm’s principal. In a statement released today, the OSC alleged that between January 2003 and August 2005, Portus Alternative Asset Management, Portus Asset Management […]
By Doug Watt |October 5, 2005
(October 4, 2005) Commodity based investment funds again posted the largest returns in September, as the hurricanes slamming into the U.S. Gulf Coast sent investors scrambling for safety, according to the latest performance data from Morningstar Canada. While energy investments also did well, the best performance was in the precious metals sector, which surged 11.6% […]
By Steven Lamb |October 4, 2005
(October 4, 2005) A huge chunk of the Canadian workforce — nearly one million people — would like to start their own business. A recent RBC survey also shows that many aspiring entrepreneurs have expectations that are not necessarily in line with the reality of self-employment. It could be useful to arm yourself with the […]
By Kate McCaffery |October 4, 2005
(October 4, 2005) The mutual fund industry’s strong run of sales during the summer months spilled over in to fall, with IFIC today reporting preliminary net sales of between $1.6 billion and $2.1 billion in September. August’s net sales were also around $1.8 billion and if the numbers hold up, this will be the best […]
By Doug Watt |October 4, 2005
1 min read
(October 7, 2005) Despite a three-day slide that knocked more than 500 points off the S&P/TSX Composite Index, the head of the exchange says U.S. investors should be trading in Canada, considering the relatively weak performance of the main American indexes this year. “At TSX, we run the stock exchanges where some of you have […]
By Staff |October 3, 2005
15 min read
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