Industry News

BCSC reveals reasons for overturning IDA

(November 26, 2004) The B.C. Securities Commission has released its reasons for overturning the IDA decision in the case of Victoria stockbroker Carolann Steinhoff, erasing fines and penalties levied against her. In an unusual decision, the BCSC reversed the IDA decision on Oct. 28, 2004, criticizing the IDA for having erred in law, overlooked material […]

By Steven Lamb |November 26, 2004

3 min read

IDA calls for tax cuts, higher RRSP limits

(November 25, 2004) The IDA is asking the federal government to reduce the capital gains tax rate for small businesses and to introduce modest personal income tax cuts for Canadians. In its pre-budget submission, the brokerage industry association also calls for increased RRSP limits and the removal of proposed income trust restrictions for pension funds. […]

By Doug Watt |November 25, 2004

3 min read

CRA offers advice on charity plans

(November 25, 2004) The Canada Customs and Revenue Agency (CRA) has issued a warning to investors considering participation in certain charitable tax shelters, pointing out they could face possible audits, penalties and interest payments. The plans in question are often referred to as “buy low, donate high” schemes, in which tax-filers receive a tax credit […]

By Steven Lamb |November 25, 2004

2 min read

CRA offers advice on charity plans

(November 25, 2004) The Canada Customs and Revenue Agency (CRA) has issued a warning to investors considering participation in certain charitable tax shelters, pointing out they could face possible audits, penalties and interest payments. The plans in question are often referred to as “buy low, donate high” schemes, in which tax-filers receive a tax credit […]

By Steven Lamb |November 25, 2004

3 min read