Industry News

Briefly:

(March 10, 2008) Despite concerns of an economic slowdown and fears that the housing market could collapse, Canadian housing starts jumped 15.4% in February, to 256,900. That beat expectations by almost 47,000 starts. Multiple-unit housing starts were the strongest segment, making up 140,700 starts. Almost all regions showed improvement, with Alberta, Saskatchewan and Manitoba showing […]

By Staff |March 10, 2008

2 min read

Wealthy take biggest hit in retirement: StatsCan

Your wealthy clients might have more money now, but expect their income to decline significantly — at least compared to that of low-income earners — during their retirement years. A new Statistics Canada report says that, on average, 75-year-old Canadians had “family disposable incomes” that were 80% of what they earned when they were 55. […]

By Bryan Borzykowski |March 10, 2008

3 min read

Opinion mixed on RESP change

The proposed tax deduction for registered education savings plans (RESP) has sparked controversy among advisors. Some are worried students will not be able to bear the tax consequences when they withdraw money from their RESPs, while others feel this new bill does nothing to help lower-income families. The legislation, which is currently being reviewed by […]

By Mark Noble |March 10, 2008

4 min read

By The Book: IDA fines Standard Securities Capital Corp.

(March 7, 2008) The IDA has levied a fine of $162,500 against Standard Securities Capital Corporation, after the firm admitted it had failed to maintain and implement an effective sales compliance program. Between March 2003 and March 2006, Standard Securities failed to remain informed of essential facts relating to a client account operated by an […]

By Staff |March 7, 2008

1 min read