Industry News

Tax refund shows poor planning, tax expert says

(March 29, 2004) Is your client getting a big fat tax refund this year? If so, they’re being too generous with Ottawa, according to Jamie Golombek, vice-president of taxation and estate planning at AIM Trimark Investments. “A refund is a sign that you’ve overpaid taxes,” he says. “By the time you get that refund in […]

By Steven Lamb |March 29, 2004

3 min read

Alberta to introduce limited liability for trusts

(March 25, 2004) The Alberta government says it will introduce legislation this fiscal year to limit liability for income trusts investors. The pledge came in the province’s annual budget, tabled yesterday. Income trusts have become a significant part of Alberta’s business sector, the province notes, and are still gaining popularity. “Market opportunities for income trusts […]

By Doug Watt |March 25, 2004

2 min read

Fund manager says trust rules are fine by her

(March 25, 2004) In a budget virtually bereft of surprises, the restrictions placed on pension fund investment in income trusts stands out for the investment community. While retail investors piled into trusts as a refuge from the bear market, pension funds patiently sat on the sidelines, awaiting legal clarification on the liability issue. Legislation was […]

By Steven Lamb |March 25, 2004

4 min read

RESP promoters pleased with budget’s education incentives

(March 24, 2004) Canada’s RESP providers are welcoming Ottawa’s efforts to encourage low-income families to put aside funds for their children’s post-secondary education. In Tuesday’s budget, the federal government announcement the creation of a new Canada Learning Bond and said it would increase the Canada Education Savings Grant (CESG) for low- and middle-income RESP savers. […]

By Doug Watt |March 24, 2004

3 min read