Industry News

Dealing with disability: advice from advisors

(March 18, 2005) February’s federal budget provided new tax benefits for individuals with disabilities and their caregivers. The measures are being welcomed by advisors, who provided additional insight on working with caregiver and dependent clients. Ottawa amended the disability tax credit, extending eligibility requirements, increased the maximum annual Child Disability Benefit to $2,000 per child […]

By Heidi Staseson |March 18, 2005

3 min read

OSC looked at 20 fundcos in last phase of probe

(March 17, 2005) The Ontario Securities Commission’s investigation into market timing practices in the mutual fund industry originally identified 20 fund companies as having suspicious activity, but determined the damage to investors was negligible in 15 of those funds, outgoing OSC chair David Brown revealed today. “Of the 20 that were part of phase three […]

By Steven Lamb |March 17, 2005

3 min read

Whyte leaves AIC

Whyte resigned on Tuesday, an AIC spokesperson confirmed. No replacement has been announced. The industry veteran left AIM Trimark last summer and came to AIC in the fall, with a mandate to re-connect with advisors, boost the company’s wholesale and marketing team and help turnaround a lengthy run of net redemptions. Outflows at AIC reached […]

By Doug Watt |March 16, 2005

1 min read

Under the 49th: U.S. regulatory update

(March 16, 2005) Securities regulators in Canada keep a close eye on what their colleagues in the United States do to monitor and guide compliance at advisory and brokerage firms. And advisors here need to be aware of changes in rules that affect their southern trading partners. Here’s the latest regulatory update from down south. […]

By Philip Porado |March 16, 2005

3 min read