January 1, 2011 will see the first of a number of changes impacting how clients (and advisors) incorporate Canada Pension Plan (“CPP”) retirement benefits into their financial plans. These changes will become effective between 2011 and 2016. Clients who are thinking about retirement need to be informed of the new rules. The benefits will differ depending on client age and earnings history, as well as their ability or desire to work past the age of 60.
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Dale Richard Wells engaged in business conduct unbecoming or detrimental to the public interest when he acted in the role of an advisor without being registered as one. The panel’s full Reasons for Decision are available on the IIROC website. […]
The CPP Fund ended its second quarter of fiscal 2011 with a balance of $138.6 billion, up from $129.7 billion at the end of the first quarter on June 30, 2010. The second quarter was kind to global equity markets, and investment returns accounted for $8.4 billion of the increase—a return of 6.6%. Inflows of […]
Canada is leading the charge of global mergers and acquitisions, according to PwC’s latest quarterly roundup of the Canadian M&A market. The dollar value of the Canadian deal market during the last three months was a staggering $95 billion, up 240% from the first quarter of 2010 and 168% from the second quarter. Canadian activity […]