Industry News

Outstanding issues: What’s not in the budget

(February 23, 2005) For the first time in three years, the budget makes no mention of Tax Pre-paid Savings Plans and warns that a new proposal on interest deductibility is in the works. Feds scrap foreign content rule, raise RRSP limits Goodale surprises with something for everyone Going global: Investment community welcomes the elimination of […]

By Scot Blythe |February 23, 2005

2 min read

Goodale surprises with something for everyone

(February 23, 2005) The federal government opened its wallet in Wednesday’s budget, committing billions of dollars in new spending in a wide variety of areas, include defence, the environment, social programs and tax relief. Ottawa estimates the tax measures, including an increase in the basic personal exemption and higher RRSP limits, will save Canadians $13.4 […]

By Doug Watt |February 23, 2005

3 min read

Feds scrap foreign content rule, raise RRSP limits

(February 23, 2005) In a surprisingly bold stroke for a government presenting the first minority budget in 25 years, Finance Minister Ralph Goodale has opted to ditch the foreign property rule and raise the contribution limits for registered plans. While the 2005 budget has something for everyone — even gold bugs — the investor-friendly provisions […]

By Scot Blythe |February 23, 2005

5 min read

Going global: Investment community welcomes the elimination of the foreign property rule

(February 23, 2005) The federal budget tabled Wednesday could result in a dramatic shift in Canada’s investment landscape, as foreign content limits for registered retirement plans were dropped altogether. Most investment industry experts agree the move represents an important opportunity for investors. "I think it’s very positive," says Don Reed, president and CEO of Franklin […]

By Steven Lamb |February 23, 2005

5 min read