Industry News

Week in review: December 1 to 5, 2008

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]

By Kate McCaffery |December 5, 2008

9 min read

Autopiloting assets

Mutual fund manufacturers are always in search of sticky assets. Lately they have been hard to find, as record volatility unleashes substantial reductions. That doesn’t mean new money isn’t coming in. But fear keeps a lot of it on the sidelines. Unless you’re working on autopilot. That’s what employer-sponsored plans do: Group RRSPs, defined contribution […]

By Scot Blythe |December 5, 2008

4 min read

Briefly:

(December 4, 2008) Despite numerous warnings and audit actions, the Canada Revenue Agency says taxpayers are still participating in tax shelter gifting schemes. The agency has already denied $2.5 billion in claimed donations, and it’s vowing to audit all tax shelter gifting arrangements going forward. Currently over 65,000 taxpayers who participated in these schemes have […]

By Staff |December 4, 2008

3 min read

IFB goes after Dundee on new insurance regime

Independent Financial Brokers of Canada (IFB) is “outraged” at Dundee Wealth Management, for dealership policy it recently announced that will ban advisors from using external managing general agencies to conduct new insurance business. The new policy, which was announced in September and goes into effect in January, will require Dundee advisors to process all new […]

By Mark Noble |December 4, 2008

3 min read