Industry News

IRS backtracks on RRSP, RRIF rules

(November 28, 2003) The U.S. Internal Revenue Service has changed course on filing requirements for RRSP and RRIF account holders living in America and Americans living in Canada, stating that it will not require the submission of two complicated tax forms. The IRS had announced in the spring it was clamping down on offshore trusts, […]

By Steven Lamb |November 28, 2003

2 min read

Diversification Made Easy

Single-Ticket Solutions to Simplify this RSP Season For every segment of your book, investing in Bissett Canadian Balanced Fund or any of our six Quotential Portfolios can provide long-term diversification benefits with the convenience of a single-ticket trade. Sample tools to use with your clients Direct Mail Letter Sales Tool Postcard Your one-ticket solution for […]

By Staff |November 27, 2003

1 min read

Income fund group responds to CSA guidelines

(November 27, 2003) The Canadian Association of Income Funds (CAIF) has submitted its commentary to the Canadian Securities Administrators (CSA) on the proposed National Instrument 41-201 (Income Trusts and Other Indirect Offerings). CAIF says it welcomes the national instrument as a means of encouraging growth in the income fund sector, but requests the following changes […]

By Steven Lamb |November 27, 2003

2 min read

IDA boss weighs in on passport system

(November 27, 2003) The provinces can easily move to a passport system for securities firms and registrants by adopting a couple of simple principles, says Joe Oliver, president of the IDA. A committee of provincial finance ministers set up to consider ways to reform the country’s securities regulation system has focused on the passport model, […]

By Doug Watt |November 27, 2003

3 min read