Peter Hodson has left CI Investments for the second time in little more than a year, this time moving to Sprott Asset Management. The highly-regarded investment manager will join Sprott as an investment strategist, meaning for the interim he will be part of the investment management team, but not managing a specific fund. As a […]
‘Pay less tax.’ ‘Maximize your tax flow.’ These are some of the enticing messages your clients will be peppered with over the looming tax season. They sound too good to be true, and many of them are. Even worse, they’re hard to spot according to the Ontario Securities Commission. Investment seminars spouting tax-saving strategies are […]
Looking at the five-year performance of the TSX, it might be easy to forget how far the market fell after the tech bubble burst, but it seems few actually have. Two separate surveys released Wednesday suggest that despite the strong year on the Canadian markets, investors are more guarded they were back in 2000, but […]
The markets may have applauded Ottawa’s decision to leave income trusts alone and instead lower the taxation of corporate dividends, but one economist says that doesn’t means the playing field is level between trusts and corporations. The Department of Finance has been given a bit of a free ride, Don Drummond, TD Bank’s chief economist […]
Investors are never happy when a company they are invested in underperforms; but they are down right livid when they see the CEO of that same company rewarded with a hefty bonus and stock options. Based on the latest Watson Wyatt Worldwide S&P/TSX CEO Pay Study it seems corporations are finally getting the message. According […]
In the second last week of November the IDA announced more than $400,000 in fines representing roughly 10% of the monetary penalties it has handed out so far this year. But by the brokerage industry association’s own admission, they will be lucky if they see a fifth of that money. According to the associations’ own […]
It has been a busy week for the IDA’s enforcement division. Since Monday, it has doled out more than $400,000 in fines and a total of seven years in suspensions, as well as one lifetime ban. The latest in a string of disciplinary actions came Friday when the IDA fined Research Capital and its CEO […]
Facing a non-confidence motion that could bring down the federal government as soon as next week, the finance minister has announced major changes to the taxation of income trusts. In order to level the playing field between corporations and income trusts, Ralph Goodale is reducing personal income taxes on dividends. “Given the uncertainty surrounding how […]
In the first six months of 2005 there was a “marked deterioration” in the average estimated solvency ratio of federal pension plans, according to the Office of the Superintendent of Financial Institutions (OSFI). Canada’s primary regulator of financial institutions estimates the aggregate solvency deficit of all federal pension plans grew to $12 billion from $8 […]
Most advisors know it is important to have a strong relationship with their clients. But a recent white paper published by Dow Jones Newswires says it’s even more critical than most advisors realize, especially in the high net worth sector. According to the paper, loyal clients are much, much more inclined to give additional assets […]