Industry News

Wise persons’ report gets mixed reviews

(December 18, 2003) Ontario’s new finance minister says the province is in favour of a national securities regulator. But Greg Sorbara stopped short of explicitly endorsing yesterday’s wise persons’ committee (WPC) report, which recommends setting up a new Canadian Securities Commission. “We fully support the notion of a single securities regulator in Canada,” Sorbara said […]

By Doug Watt |December 18, 2003

3 min read

Income trust liability to be limited

(December 18, 2003) When Ernie Eves called this past fall’s Ontario election, he killed a bill that would have limited the liability of income trust unitholders. Many analysts said then that the theoretical unlimited liability was the reason the trust sector had not yet fully developed. Pension funds, for instance, had not invested in trusts […]

By Steven Lamb |December 18, 2003

2 min read

Federal committee calls for single national securities regulator

(December 17, 2003) It’s time Canada moved to a single national securities regulator, based in Ottawa but with strong regional representation. That’s the conclusion of the federally appointed wise persons’ committee (WPC), set up to review Canada’s fragmented regulatory system. In a much anticipated report released today, the committee said that Canada suffers from “inadequate […]

By Doug Watt |December 17, 2003

5 min read

Debunking the

(December 16, 2003) With late December becoming ever-more hectic, most clients would rather not worry about their taxes until the New Year. There’s simply too much to get done — besides the government gives them a whole 60 days to finish making tax arrangements, right? That’s not necessarily the case. Sure, your clients have that […]

By Steven Lamb |December 16, 2003

2 min read