Industry News

Industry welcomes income trust consultations

(May 18, 2004) The federal government has confirmed that it will re-examine limitations placed on pension fund ownership of business income trusts, announced in the 2004 budget in March. “The government’s overarching goal remains to ensure that funding for priorities such as health care and education is not jeopardized by the erosion of the corporate […]

By Steven Lamb |May 18, 2004

2 min read

DC pension plan members seen favouring outside advice

(May 18, 2004) Employees who are members of defined contribution (DC) pension plans feel they lack investing knowledge and are looking for financial advice, a survey released today suggests. But most firms remain reluctant to provide advice, forcing employees to look for alternative sources. A study conducted by SEI Investments Canada reveals that 79% of […]

By Doug Watt |May 18, 2004

2 min read

Ontario introduces healthcare premiums, tinkers with taxes

(May 18, 2004) Backing down from an earlier promise not to raise taxes, the Ontario government today introduced a healthcare premium, designed to fund billions of dollars in new spending. The premiums — the major announcement in the Liberal government’s first budget — will be used to fund an additional $4.8 billon in health spending […]

By Staff |May 18, 2004

4 min read

Briefly:

(May 21, 2004) The six-month grace period for mutual fund dealers and salespersons with clients in provinces where they are not registered has expired, the MFDA said in a bulletin issued today. The MFDA issued a regulation notice on out of province registration last October, requiring dealers and salespersons to address the situation by either […]

By Staff |May 17, 2004

5 min read