Industry News

Trusts need transparency, accountants say

How much cash was generated in the period and where did it come from? What is the entity’s strategy for maintaining productive capacity and managing debt? (This is particularly important in light of the recent federal government announcement of a new tax on income trusts.) Is sufficient cash being retained to provide for all long-term […]

By Steven Lamb |November 6, 2006

2 min read

Briefly:

(November 3, 2006) Long a proponent of overweighting income trusts, the investment strategy team at CIBC World Markets has adjusted their recommended asset mix to match the benchmark weighting for trusts. At 5% of the portfolio, that marks a decrease of three percentage points. Led by chief strategist Jeffery Rubin, the group has added 2% […]

By Staff |November 3, 2006

2 min read

Cleaner money laundering rules

Advisors may soon face increased reporting regulations if a new bill regarding money laundering, currently working its way through Ottawa, is passed. Bill C-25 is the first step to reform the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The implications of the planned changes are far reaching. In an anti-money laundering panel hosted […]

By Mark Brown |November 3, 2006

5 min read

Briefly:

(November 2, 2006) The Canadian Federation of Independent Business says Ottawa should reduce employment insurance premiums, calling the massive surplus in the EI account “unconscionable.” In a letter to the federal government, CFIB president Catherine Swift observes that the government’s EI account surplus is $48 billion and rising. She adds that the new EI rate-setting […]

By Staff |November 2, 2006

3 min read