(September 27, 2005) Some people just can’t get away from work — even in retirement — yet not all advisors take this into account when they construct retirement plans for their clients, experts say. In addition, a number of popular retirement online calculators don’t allow consumers to include post-retirement employment. But looking at a study […]
(September 23, 2005) In light of Ottawa’s stern message earlier this week that it intends to clamp down on tax leakage to flow-through entities (FTEs), TD chief economist Don Drummond says the most likely solution is a decrease to the corporate tax rate and a rise in the dividend tax credit rate. Ottawa could lower […]
(September 21, 2005) Thinking about cutting your online budget? Think again. A feature rich website is a good investment — and that doesn’t come cheap. Two of every three Canadian financial advisors say the quality of an asset manager’s website will determine if they will do business with that firm, according to a survey by […]
(September 20, 2005) If you haven’t jumped on the income trust bandwagon yet, it might be too late. Monday’s announcement by Ottawa that it is suspending advanced tax rulings on income trusts has sent an instant chill through the industry. Effective immediately, the Canadian Revenue Agency will not offer advanced opinions on trust structures regardless […]
(September 19, 2005) A panel discussion at the 85th Annual General Congress of Advocis-Toronto was supposed help establish “a framework for effective regulation,” but by the end of the talk, all the financial advisors in the room wanted to know was why regulators treat them like crooks. Midway through the question and answer portion of […]
(September 15, 2005) Strong sales in August rounded out what has been the best summer for the mutual fund industry since 1997. IFIC reports that net sales for August were $1.8 billion, down slightly from $1.9 billion in July. “This represents a healthy showing for our industry and Canadians’ continued interest in investing over the […]
(August 30, 2005) Dynamic Funds had Canadian golf idol Mike Weir on hand to tee off its new national advertising campaign on Tuesday, but it was Brennan Little, his caddy, who took centre stage. It’s a role reversal for the pair and a seemingly unusual decision on the part of Dynamic to make the celebrity […]
(August 8, 2005) Proposed changes by the federal government to creditor-proof RRSPs are being called a step in the right direction. But one observer says they don’t go far enough. New rules were tabled this past June as part of the insolvency and wage earner protection legislation, which proposes sweeping changes to secure an individual’s […]
(July 26, 2005) Players in the National Hockey League did not gain much from the 310-day lockout, but it did wake them up to what life is like without hockey —and a steady paycheque. That might not be such a bad thing for the advice industry, as play is set to begin again, and several […]
(June 23, 2005) At a time when big fund companies are lowering their management fees, one expects the smaller players would have to follow suit. But that’s not the case at one small-cap fund. Tom Stanley, manager of Toronto-based Resolute Growth Fund, actually asked his unitholders earlier this week for permission to raise management fees […]