Industry News

Going global: Investment community welcomes the elimination of the foreign property rule

(February 23, 2005) The federal budget tabled Wednesday could result in a dramatic shift in Canada’s investment landscape, as foreign content limits for registered retirement plans were dropped altogether. Most investment industry experts agree the move represents an important opportunity for investors. "I think it’s very positive," says Don Reed, president and CEO of Franklin […]

By Steven Lamb |February 23, 2005

5 min read

Industry

Changes cheered: Industry associations applaud budget initiatives

(February 23, 2005) The foreign content limit elimination left many industry association representatives with the same question: What’s going to happen to all those clone funds that were created to get around the foreign content restrictions? "I don’t know what the fund companies are going to do with all those clone funds now that they’re […]

By Philip Porado |February 23, 2005

3 min read

Industry

Vamp until ready: An opinion on the 2005 federal budget

(February 23, 2005) Your lead singer hasn’t shown up yet, but the house is packed and waiting to be entertained. Do you tell them that you don’t know where he is and that they’ve shown up for nothing? Of course not. "Vamp until ready," you shout to the band. To vamp, for those unfamiliar with […]

By Andrew Rickard |February 23, 2005

3 min read

Industry

Opportunities abound: Advisors say latest budget leaves plenty to discuss with clients

(February 23, 2005) The new budget is hardly a non-event this time since it presents advisors with a host of new client discussion opportunities. According to advisors contacted by Advisor.ca, the removal of foreign content limits will likely reduce transaction costs, and the increased RRSP contribution limit means small business clients will be able to […]

By Kate McCaffery |February 23, 2005

4 min read